The Hindu Business Line : Friday, July 15, 2005

Dr Reddy's launches Colostrum in tie-up with New Zealand co
DR REDDY'S Laboratories, in collaboration with Symbiotics of New Zealand, has launched `New Life Colostrum'. The product would be available in chewable form for the first time in India. According to the company, colostrum is a nutrient rich ... More

Ranbaxy gets tentative USFDA nod for HIV drug
RANBAXY Laboratories Ltd has received tentative approval from the US Food and Drug Administration (FDA) to manufacture and market zidovudine tablets 300 mg used in combination with other anti-retroviral (ARV) agents in the treatment of HIV ... More

BSN Medical begins India operations
THE Indian subsidiary of BSN Medical GmbH has begun operations in India, four years after BSN Medical was created by Germany's Beiersdorf AG (owner of Nivea) and London's orthopaedic healthcare company Smith & Nephew Plc. BSN Medical is a 50:50 . More

Agro Dutch bags orders from 4 US cos
AGRO Dutch Industries Ltd has informed the BSE that the company has bagged orders worth Rs 81.4 crore from four major US-based food companies, of which US Food Service has placed orders worth Rs 42 crore for 500 container loads. Unilever USA ... More

BDK group unveils new butterfly valve
BDK Group, a leading valve and pump manufacturer has announced the launch of its first R&D product from its facility in Hubli - BDK Model 93 - triple offset butterfly valve. These valves are used in chemical and process industries, ... More

Fiat cuts Palio prices by up to Rs 22,000
Fiat announced on Thursday that it has reduced prices of the Palio by up to Rs 22,000. Following the price cuts, the entry-level Palio is available for Rs 3.64 lakh, while the top-end NV Sport is now priced at Rs 4.39 lakh. The price reduction ... More

COMPANY LAW

Minister asks cos not continuing business to use new exit scheme
THE Minister of State for Company Affairs, Mr Prem Chand Gupta, has urged companies that are unable to do business and want their names struck off from the register of the Registrar of Companies (RoCs) to take full advantage of the Simplified ... More

RESTRUCTURING

Govt nod for TCC debt recast plan likely soon
THE State Government is likely to consider favourably the debt-restructuring proposal of the State-owned Travancore Cochin Chemicals Ltd (TCC) at nearby Eloor. The Chief Minister, Mr Oommen Chandy, is understood to have taken a positive ... More

MERGERS & ACQUISITIONS

IFC to pick up stake in Apollo Hospitals
INTERNATIONAL Finance Corporation, the private equity arm of the World Bank, is expected to pick up equity stake in Apollo Hospitals Enterprise Ltd. IFC is expected to invest $20 million (Rs 90 crore). Apollo is raising about $70 million (Rs ... More

EID Parry completes New Horizon buy
THE writ petition against the sale of assets of New Horizon Sugar Mills Ltd to EID Parry (India) Ltd has been dismissed by the Madras High Court. An order to that effect was passed by the court on Tuesday, according to an announcement of EID ... More

NEW PROJECTS

Jindal Steel plans to set up integrated plant overseas
AFTER announcing two greenfield projects in Orissa and Jharkhand, Jindal Steel and Power Ltd (JSPL) is now looking beyond the Indian borders. The company plans to set up an integrated steel plant abroad. It is looking at several countries such ... More

IOC plans to begin work on Paradip refinery soon
INDIAN Oil Corporation has said that a detailed feasibility study on its proposed 15 million tonnes per annum refinery and petrochemicals complex at Paradip in Orissa would be ready by August and it hopes to commence construction soon. "We ... More

Jindal South West's Vizag plant financial closure likely soon
Dr Nowal said the time between the project plan and production takeoff was expected to be about four years. More

BEML plans to produce heavy-duty dumpers
BHARAT Earth Movers Ltd (BEML) is contemplating a project to manufacture heavy-duty dumpers in the range of 50 to 250 tonnes for long haul demand. The plan stems from the improved connectivity of highways under the Golden Quadrilateral programme ... More

REGULATORY BODIES & RULINGS

Aurobindo gets Canadian nod for two of its units
AUROBINDO Pharma Ltd has obtained the Canadian regulatory authority's compliance for unit-III for oral solid dosage forms and unit-VI for sterile and non-sterile cephalosporin dosage forms. Health Canada has approved these sites, the company said ... More

OUTLOOK

Toyota `eyeing TN too for new plant'
TAMIL NADU, which accounts for the largest share of sales of the new crossover vehicle from Toyota — Innova — in the South, has something to cheer with Toyota Kirloskar Motor (TKM) considering the State among others where it would ... More

Kitex plans to cash in on dismantling of textile quotas
THE Kerala-based Rs 500-crore Kitex group is tripling its garment production by next year to meet the increasing export demand following dismantling of textile quotas. The Kitex group, comprising the BSE-listed Kitex Garments Ltd, Kitex Ltd, ... More

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