The Hindu Business Line : Friday, May 27, 2005

Alembic gets USFDA nod for Leflunomide
ALEMBIC has received USFDA approval for its active pharmaceutical ingredients (API) product Leflunomide, a company statement said. "It is significant to note that the USFDA has accorded this approval without any non-compliance issues under ... More

LG Sports to export racing cars to Lanka today
This shipment, according to Mr B. Vijayakumar, Managing Director, LG Balakrishnan & Bros, would be the first export consignment for the motor sport company. The company has orders for 10 such racing cars. Mr Vijayakumar told Business ... More

Jayant Agro-Organics plans expansion
JAYANT Agro-Organics Ltd, one of the leading players of castor oil and its derivatives in the world, is expanding production capacity by 25 per cent at its export oriented unit (EOU), Baroda. It is also doubling its production capacity in the ... More

MERGERS & ACQUISITIONS

Alchemist acquires majority stake in Valiant Healthcare
ALCHEMIST Ltd, formerly Toubro Infotech and Industries Ltd, has bought 60 per cent stake in Valiant Healthcare Ltd (VHL) for a consideration of Rs 4.5 crore as part of its growth strategy to focus on its healthcare and agri businesses. VHL ... More

L&T to sell 50 pc stake in dairy plant making joint venture
LARSEN & Toubro has decided to sell its 50 per cent stake in dairy plant manufacturing joint venture, L&T Niro, to its partner Niro A/S of Denmark for an undisclosed amount. This is in line with L&T's desire to focus on core sectors with More

NEW PROJECTS

Rs 440 cr invested in Swift project
MARUTI Suzuki said on Thursday that the company and its vendors had invested a total of over Rs 440 crore in the development of its new car, Swift. The company's marketing director, Mr Kinji Saito told newspersons that Maruti had invested ... More

Mukand plans to hike rolled steel capacity
MUKAND Ltd has hinged its growth to that of its prime end-user, the automobile industry. A leading supplier of steel to the auto industry, the company plans to consider hiking capacity for its rolled steel products by 200,000-250,000 tonnes a ... More

Volkswagen team to meet AP CM
HYDERABAD: A delegation from the German automotive major Volkswagen AG, on a tour of Andhra Pradesh, is set to hold discussions with the State Chief Minister, Dr Y.S. Rajshekhara Reddy, on Friday. The team headed by the project leader of ... More

ALLIANCES & JOINT VENTURES

Eisai, GSK in pact for marketing anti-ulcer drug
EISAI Pharmaceuticals India and GlaxoSmithKline Pharmaceuticals (GSK) have signed a co-promotion agreement to market the former's anti-ulcer drug, Paritec, in India. Paritec, which was developed by Japanese drug major, Eisai Co Ltd, is a ... More

SICK UNITS

Chittivalasa Jute Mills under lockout
THE Chittivalasa Jute Mills at Tagarapuvalasa in Visakhapatnam district has been locked out following a dispute over a wage-cut. All reconciliation efforts by the Labour Department have failed so far. The trouble was triggered by the ... More

OUTLOOK

Sandoz to build on India advantage, plans further investments
IT is an open secret that the world's largest players in generic medicines have their designs on India. So when Sandoz's Chief Executive Officer, Dr Andreas Rummelt, makes two business visits to India in the six-odd months since he has taken ... More

GE eyes acquisitions in India — To use size and strength to drive growth
"WE believe we have size and strength and want to use it to drive growth," said Mr Jeffrey R. Immelt, Chairman of the Board and Chief Executive Officer, General Electric Company (GE), in his address to CEOs. He said the company was scouting for ... More