The Hindu Business Line : Tuesday, November 22, 2005

GlaxoSmithKline to cast clinical research net in India beyond cancer
The scale of GSK's involvement and timing looks to take advantage of the recent Schedule Y amendment in the Indian Drugs and Cosmetics Act 1940, that further streamlined clinical research. More

ANNOUNCEMENTS

Apollo Hospitals in expansion mode
THE Chennai-headquartered Apollo Hospitals Group is planning to invest the $75 million raised through its recently concluded global depository receipts to increase its capacity from the present 6,400 beds to 8,200 beds in the next 18 months. ... More

Aurobindo gets USFDA nod for cephalexin
HYDERABAD: Aurobindo Pharma Ltd has announced that the US Food and Drug Administration (FDA) has approved its Cephalexin capsules 250 mg and 500 mg. In a press release here on Monday, the company said this is the first product approval ... More

COMPANY LAW

Hunt for independent directors: Prime Database lists 8,500 professionals
PRIME Database, an independent primary market-monitoring firm, has set up a list of more than 8,500 professionals eligible to be independent directors on the board of listed companies. Of this, 3,985 professionals have already submitted their ... More

AWARDS & HONOURS

Infosys in MAKE Hall of Fame
BANGALORE: Infosys Technologies Ltd has been inducted into the Global Most Admired Knowledge Enterprises (MAKE) Hall of Fame for 2005 for its organisational learning and for transforming enterprise knowledge into shareholder value. ... More

RESTRUCTURING

GTL, Global Infrastructure boards okay restructure proposals
THE boards of GTL Ltd and Global Infrastructure Ltd (GIL), a 100-per cent subsidiary of GTL, today approved in principle de-merger of a part of the IT services division of GTL. The GTL board has also appointed a committee of directors to ... More

MERGERS & ACQUISITIONS

JSW Steel declares merger ratio for 3 companies
JSW Steel Ltd has informed the BSE that the effective date of the scheme of amalgamation of Euro Ikon Iron Steel Pvt Ltd, Euro Coke Energy Pvt Ltd and JSW Power Ltd with the company is November 16. The equity shareholders of the merged ... More

NEW PROJECTS

IOC commissions hydrogen unit at Panipat refinery
INDIAN Oil Corporation on Monday said that it had commissioned the critical hydrogen generation unit (HGU) at its Panipat refinery. In a statement issued here, the company said, "The HGU was commissioned last weekend, as part of the ongoing ... More

IOC revives Paradip project
WITH an improvement in the financial outlook, Indian Oil Corporation (IOC) has revived its proposed 15-million-tonne Paradip refinery-cum-petrochemicals project. The jinxed project, which had been postponed and changed in last eight years, was ... More

ALLIANCES & JOINT VENTURES

NLC, TNEB float co for 1,000-MW project in TN
NEYVELI Lignite Corporation has floated a new company, NLC Tamil Nadu Power Ltd, along with the Tamil Nadu Electricity Board (TNEB), to implement a 1,000-MW power project. According to information provided by Neyveli Lignite to the stock ... More

INTERVIEW

`Cement prices have risen due to demand supply concern'
Cement prices are up by Rs 5-7 per kg in West India and they are expected to rise further. The President of the Cement Stockists and Dealers Association, Mr Sanjay Ladiwala, says cement prices have risen due to the demand-supply concern. He adds ... More

SICK UNITS

IDPL to submit revival package to BIFR soon
PAVING way for early revival, Indian Drugs and Pharmaceuticals Ltd (IDPL), the ailing public sector drug major, is going to submit its fresh revival proposal to the Board for Industrial and Financial Reconstruction (BIFR) in the next couple of ... More

OUTLOOK

Sky Palace to wet lease aircraft for operations
"There is enough market for more players, especially those which give good quality service to the customers," Mr Wodeyar said. More

Honda may again hike production capacity after Civic launch
HONDA SIEL, which recently expanded its production capacity, will go in for another round of expansion when the Civic is launched early next year. Honda Siel Cars India General Manager for Marketing, Mr Rajive Saharia, told Business Line ... More

`MyTVS' brand looks for sustained growth
T.V. SUNDARAM Iyengar and Sons had engaged AC Neilsen Research Service Private Ltd to study its `MyTVS' brand business model and suggest corrective measures for better direction. The AC Neilsen report was tabled a fortnight ago and the company ... More

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CVC unlikely to loosen grip on top public sector bank officials

e- funds transfer system goes live

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Sales tax sops: Ministry not keen to encourage industry demands

Now, most banks focus on SMEs

IOC revives Paradip project

In Focus

FDI in retail sector

Indian Aviation: Sky is the limit