Financial Daily from THE HINDU group of publications
Wednesday, March 30, 2005

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Atorvastatin patent: Austria rules in Ranbaxy's favour
RANBAXY Laboratories on Tuesday said that the Austrian Patent Office has ruled in its favour in a patent lawsuit with Pfizer for cholesterol-lowering drug Atorvastatin. The Austrian Patent Office has invalidated three patent claims by Pfizer, ... More

US construction co Exceed bags 6 projects in Chennai
EXCEED International, a US-based design and construction company, has, in the last few months, secured contracts for six projects in Chennai, covering 1.8 million sq ft and valued at close to Rs 200 crore. The details are as seen in the table. ... More


Factories Act to be amended — Women can work late night shifts
THE Government today decided to amend the Factories Act, 1948, to allow women to work in late night shifts, provided the employers guarantee adequate safeguards for women workers. "The Cabinet today decided to amend the Act so that women can ... More


LH Sugar's CP gets ICRA A1 rating
NEW DELHI: ICRA has assigned A1 rating to Rs 10 crore commercial paper/short term debt programme of LH Sugar Factories (LHSF) Ltd, indicating highest credit quality rating assigned by ICRA for the short term. ... More


Unichem acquires API facility in M.P.
UNICHEM Laboratories Ltd has acquired an active pharmaceutical ingredients (API) facility at Indore, Madhya Pradesh. The unit was acquired at an investment of Rs 15 crore. The asset was bought from financial institutions including ICICI, IFCI ... More

Avesthagen acquires Good Earth Foods
THE health foods business that actress Waheeda Rehman started and built over a decade ago is now part of Avesthagen. The Bangalore-based Avestha Gengraine Technologies P Ltd has announced that it has acquired Good Earth Foods P Ltd. Both the ... More


Alcatel, C-DoT join hands for R&D facility
FRENCH telecom major Alcatel has signed an agreement with Centre for Development of Telematics (C-DoT) to set up a global research and development centre for broadband wireless products. The joint venture facility, to be established in ... More

Tata Power to partner DVC in Maithon project
TATA Power Company Ltd on Tuesday signed an agreement to partner the Government-owned Damodar Valley Corporation (DVC) for setting up the 1,000-MW Maithon Left Bank Thermal Power Station in Jharkhand. Tata Power, which reported a turnover of ... More

Supplies to Kawas, Gandhar projects — NTPC to ink gas deal with Reliance Ind by next week
NATIONAL Thermal Power Corporation (NTPC) will sign an agreement with Reliance Industries Ltd (RIL) by next week for supply of gas to its Kawas and Gandhar power plants in Gujarat. "We will sign the agreement by next week. There are no ... More

MRPL ties up with Ashok Leyland for retail outlets
ONGC'S subsidiary Mangalore Refineries & Petrochemicals Ltd (MRPL) has joined hands with Ashok Leyland to form a joint venture company for setting up retail outlets for petroleum products and servicing facilities for trucks. MRPL and Ashok ... More


Pepsi India to expand portfolio, foray into breakfast segment — $300-500 m investment planned
FLORIDA oranges and tangerines could well be the next crop to pervade fields of Punjab if Pepsi India's partnership with the Punjab Government bears fruit. Though the project to cultivate table varieties of citrus fruit through the company's ... More


BIFR nod for SS Organics revamp plan
THE Board for Industrial and Financial Reconstruction (BIFR) has sanctioned a rehabilitation scheme for S.S. Organics Ltd. In a communiqué to stock exchanges, the company said its board met on Monday and noted the approval of rehabilitation ... More


Tata Motors, IOC join informally for bio-diesel pilot project
ONE engine, two Indica cars, a few light commercial vehicles and now a fleet of 43 buses. This is the progression chart of Tata Motors, which has announced a pilot programme for the use of bio-diesel in its vehicles. At the flag-off ceremony of ... More

Glenmark seeks partner in Japan, Europe for asthma drug
GLENMARK Pharmaceuticals Ltd is scouting for a partner in Japan and Europe to commercialise its asthma drug candidate, GRC 3886, in these markets. This comes even as Glenmark's prospective diabetes molecule, GRC 8200, looks set to enter Phase I ... More

FCI OEN Connectors sees exports rising
FCI OEN Connectors Ltd, which makes electronic connectors for telecom, automotive and other industries, expects its exports to rise substantially in 2005 as the parent company, FCI France, has shifted manufacturing of many products to India to ... More

`India a rising star for PepsiCo's growth'
INDIA is fifth in terms of revenue worldwide for PepsiCo, said Ms Indra Nooyi, President, Chief Financial Officer and member of the board of directors of the company, during her interaction with editors in the Capital today. Calling India the ... More


ONGC's Tatipaka refinery on target
OIL and Natural Gas Corporation's Tatipaka mini-refinery at Rajahmundry achieved the MoU target of 80,000 tonnes in respect of value-added products (VAP) for 2004-05 on February 9 and achieved the performance target of 90,000 tonnes of VAP ... More


Corporate crime and punishment
After the series of corporate frauds that rocked the US a few years back, the public mood there is turning against business leaders. They are perceived as villains taking jobs overseas in search of corporate profits and caring only for their personal fortunes which are often linked to stock prices. More

Fraud office to probe charges against Usha group companies
BASED on complaints of fraud and siphoning off funds against Usha Group companies — Usha (India) Ltd, Malvika Steels Ltd, and Koshika Telecom Ltd — and their directors, Mr Vinay Rai and Mr Anil Rai, the Ministry of Company Affairs is ... More

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FCI OEN Connectors sees exports rising

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In Depth

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Looking back
Mar. 20-Mar. 26
Foreign posting with take-home of Rs 54-lakh plus a year!

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Indian businesses focussed on retaining talent: Study

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