The Hindu Business Line : Wednesday, July 20, 2005

Wockhardt to help drug cos break into US market
WOCKHARDT Ltd is offering a helping hand to other Indian companies to help them crack the US market, the world's largest market for generic drugs. The Mumbai-based drug major is talking to other domestic companies to help them market their ... More

Deepak Fert plans to offer agro advisory services
THE Pune-based Deepak Fertilisers and Petrochemicals Corporation Ltd (DFPCL) has decided to reposition itself from being a fertiliser manufacturer to an integrated nutrient provider as well as provider of agro advisory services. Speaking to ... More

Nandan Exim denim plant goes on stream
"Price realisations have been better in the domestic market this year." More

China's Hengtian to open post-sale service centre in India
THE Chinese textile conglomerate Hengtian group is open to trade-offs with Indian companies for long-term interests of both the countries. The $1300-million Hengtian group is willing to work on buyback of Indian textile products as well, while ... More

PREFERENTIAL ALLOTMENTS

REL shareholders okay pref issue
THE Reliance Energy Ltd (REL) shareholders on Tuesday approved a preferential issue of shares worth Rs 1,750 crore. Of this, shares worth Rs 1,500 crore would be allotted to Anil Dhirubhai Ambani Enterprises (ADAE) at a price of Rs 573 a share. ... More

MERGERS & ACQUISITIONS

Subhash Chandra buys 21.91% in Essel Propack
MR Subhash Chandra, Chairman, Essel Group, has acquired 21.91 per cent stake in Essel Propack for a total consideration of Rs 226.49 crore. He acquired 68.63 lakh shares of Essel Propack Ltd for Rs 330 per share from Arfen Hsu Ltd, the ... More

NEW PROJECTS

Astra Microwave plans Rs 25-crore expansion
BUOYED by the increasing demand for its products and services both in the domestic and overseas markets, Astra Microwave Products Ltd (AMPL) has embarked upon an expansion programme involving an investment of Rs 25-crore. The city-based ... More

Himatsingka plans Rs 400-cr unit; Q1 net up 11 pc
SILK fabric manufacturer and exporter Himatsingka Seide Ltd plans to invest Rs 400 crore in setting up a bed linen fabrics unit at the Hassan Special Economic Zone in Karnataka. The company expects to finance this new unit through internal ... More

MphasiS sets up BPO at Noida
THE MphasiS BFL Group has set up a 1,000 seat BPO centre at Noida and is expected to start operating from September. MphasiS has BPO facilities in Bangalore, Mangalore, Pune and Tijuana (Mexico). According to Mr Jerry Rao, Chairman and CEO, ... More

REGULATORY BODIES & RULINGS

Centre may tone down its powers in proposed CA Bill
THE Institute of Chartered Accountants of India (ICAI), which till now has been waging a battle against the Centre's attempts to curb its autonomy, may finally get some respite. The Ministry of Company Affairs (MCA) is considering toning down ... More

ALLIANCES & JOINT VENTURES

Apollo group in pact with Johns Hopkins
APOLLO Hospitals has signed an MoU with Johns Hopkins Medicine International of the US for areas such as telemedicine, second opinion services, continuing medical education programmes, and participation in clinical trials. In a statement on ... More

SOCIETY & DEVELOPMENT

ONGC hikes allotment to SEDP in Rajahmundry
HYDERABAD: ONGC has increased its allotment to Rajahmundry Asset under the Socio-Economic Development Programme (SEDP) to Rs 23.88 lakh for the current fiscal, from Rs 20.15 lakh, according to Mr A.A. Khan, Asset Manager, ONGC Rajahmundry ... More

OUTLOOK

Desalination project: Chemfab chief hopes Pondy Govt will honour GO
THE Chemfab Alkalis Chief, Dr C.H. Krishnamurthy Rao, hopes the Pondicherry Government will "take care to honour its own Government Order." The company intends to put up a Rs 30-crore sea water desalination project in Pondicherry. The ... More

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