Financial Daily from THE HINDU group of publications
Thursday, October 06, 2005
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Alpha Medical's health mall at Kolkata
ALPHA Medical Services Pvt Ltd has launched a one-stop shop for all healthcare needs here on Wednesday. Set up at an investment of Rs 4.5 crore, the Alpha Family Health Mall is a four-storied centre that has a polyclinic, a diagnostic centre ... More

UB revamps organisational structure of spirits division
"I intend to integrate the companies in a phased manner that protects the business interests and ensures transparency," said Mr Vijay Mallya. More

Simplex Concrete gets FIPB nod to issue shares to Beethoven
THE Foreign Investment Promotion Board (FIPB) has approved a proposal by construction company Simplex Concrete Piles (India) Ltd to issue 12.85 lakh equity shares to Mauritius-based Beethoven Ltd, for Rs 93.32 crore. The proposal involved issue ... More

INSIGHT


The value of share buybacks
In most cases, buybacks create value because they help improve tax efficiency and prevent managers from investing in the wrong assets or pursuing unwise acquisitions. More

MERGERS & ACQUISITIONS


Matrix Labs completes Docpharma purchase
MATRIX Laboratories Ltd (MLL) has announced on Wednesday that it has acquired 46.5 lakh shares of the Belgium-based Docpharma through Matrix Laboratories NV in the public takeover bid that closed on September 28. Following this, the ... More

Jubilant Organosys buys US clinical research organisation
"The acquisition of Target further enables Jubilant to increase its presence in the US market." More

NEW PROJECTS


Octaga Green in pact with Alfa Laval for distillery project
THE Pune-based Alfa Laval has signed up Octaga Green Power and Sugar Company Ltd (OGPSCL) for erecting a 40,000 litres per day-distillery project in Maharashtra. Talking to press persons, Mr Basab Paul, Managing Director, OGPSCL, said the ... More

Adhunik Metaliks plans Rs 100-cr issue for expansion
ADHUNIK Metaliks Ltd plans to come out with a public issue of Rs 100 crore by end-December to part-finance its Rs 437.36-crore expansion programme involving the manufacture of high auto grade steels at its Rourkela facility. This is in addition ... More

ALLIANCES & JOINT VENTURES


Glenmark close to announcing European tie-up
GLENMARK Pharmaceuticals is close to licensing a European company for developing and marketing its anti-asthma drug, Mr A.S. Mohanty, Director-Domestic Formulations of the company, told Business Line on Wednesday. Glenmark has similar ... More

Empee Hotels in pact with Hilton to manage property
EMPEE Hotels Ltd, part of the Empee Group, has signed an agreement with Hilton International to manage and operate its five-star deluxe property, which is scheduled to open by December 2007. Mr M.P. Purushothaman, Chairman, Empee Group, said ... More

SOCIETY & DEVELOPMENT


BHP Billiton in funding pact with Prasad Eye Institute
THE Australian mining major, BHP Billiton, has launched its Development Foundation for India and announced its first funding agreement with the L.V. Prasad Eye Institute for the setting up of an eye hospital in Bhubaneswar. The Foundation, ... More

DIVERSIFICATION


Realty firm Ittina to foray into animation
  • According to Nasscom, the global animation market is around $50 billion a year, of which, India will create $1.5 billion by the end of 2006.
  • The schoolis in talks with universities at Singapore and Germany to offer university programmes. More

    OUTLOOK


    Sun Pharma aims to go global, but not at cost of domestic needs
    THE Mumbai-based Sun Pharmaceutical Industries Ltd plans to train its guns on the US generic drugs market. But international growth will not be at the expense of the local market, according to Mr Dilip Sanghvi, Chairman and Managing ... More

    PEOPLE


    Sun Pharma CMD Shanghvi is new IPA President
    SUN Pharma's Chairman and Managing Director, Mr Dilip S. Shanghvi, is the new president of the Indian Pharmaceutical Alliance (IPA). He succeeds Mr H.F. Khorakiwala of the Wockhardt group. Mr Sudhir Mehta, Chairman of Torrent group, would be ... More

    Award for Tehri Hydro CMD
    THE Chairman and Managing Director of Tehri Hydro Development Corporation, Mr R.K. Sharma, has been given the `Eminent Engineer Award-2005' for his contribution to hydropower development in the country. The award has been instituted by the ... More

    NEW PRODUCTS & SERVICES


    Hero Honda launches bike, scooter to tap newer segments
    HERO Honda has announced the launch of two products that will allow the company to tap newer segments of the market. The company on Wednesday launched its first scooter `Pleasure', to garner a share of the fast growing gearless scooter market, ... More
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    Federal Bank, LKB boards okay merger plan

    Benchmark Mutual Fund plans ETF on sectoral indices

    Gearless scooter market heats up

    Major ports likely to get more financial autonomy — Proposal to allow chairmen clear investments up to Rs 500 cr

    In Focus

    Indian Aviation: Sky is the limit
    Stock splits
    India Inc's bonus bonanza
    Dabhol power regenerated
    Sethusamudram Canal Project
    India Inc's overseas acquisition
    More

    In Depth

    Gender Justice
    Simple Economics
    Tax Talk
    More

    Looking back
    Sep. 25-Oct. 1
    BPCL revises Bina refinery project cost to Rs 9,100 cr — Bharat Oman Refineries to go in for IPO

    Cos that skipped exit scheme to receive default notices

    Hyundai, Maruti set to hike prices

    Chatterjee Group charges Bengal Govt, HPL with mismanagement

    MFL optimistic on getting LNG from Iran

    NTPC's hydro initiative gathers steam — Projects totalling 4,400 MW on the anvil

    Fortis hopes to partner Naresh Trehan in Medicity project

    FCI to raise Rs 5,000 cr thru bonds

    Petroleum Ministry to approach Cabinet for IBP-IOC merger


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