The Hindu Business Line : Thursday, February 09, 2006

Hikal to focus more on research — Keen to cash in on huge global opportunities
`R&D is a $6-billion opportunity globally and is a very big thrust area for us, especially in chemicals. We want to build the R&D capacity in a big way.' More

Glenmark research unit gets Brazilian clearance — Bioavailability, bioequivalence studies
The studies involve tests on 50-100 human volunteers to evaluate the safety profile and safe dosage range of the drug. More

CORPORATE DISPUTES

Bengal, Chatterjee Group yet to find common platform — Induction of IOC as an equity partner in Haldia Petrochemicals
It is learnt that a fresh set of dates - February 12 and 13 - has been finalised for another round of meeting. More

MERGERS & ACQUISITIONS

HB Stockholdings buys stake in Bell Ceramics, DCM
HB Stockholdings Ltd, along with persons acting in concert, has acquired 5 per cent equity in Bell Ceramics Ltd and DCM Shriram Industries Ltd through stock market purchases, according to a release issued by the company. Bell Ceramics is a ... More

Jet may need aircraft acquisition panel's nod for Air Sahara buyout
THE first step towards the integration of Air Sahara with Jet Airways has been initiated with documents seeking formal clearance for the buyout being submitted to the authorities earlier this week. However, the acquisition may have to clear ... More

NEW PROJECTS

Century Textiles expanding cement biz
The cost of the grinding project has been pegged at Rs 220 crore. More

Kothari Sugars leases co-op mill
CHENNAI: Kothari Sugars & Chemicals Ltd has leased a cooperative mill in Karnataka to expand the sugar crushing capacity in its fold. According to press release from the company, it has taken on lease the sugar mill of Pandavapura SSK ... More

TRADE & LABOUR UNIONS

M&M Zaheerabad plant workers issue strike notice
The management was asking for certain improvements in productivity, quality and discipline, which were critical for the long-term economic viability of any unit. More

Gujarat Ambuja transport union stir
GUJARAT Ambuja Cements is facing transportation problems at its Himachal unit following a strike by the transport union. The union went on strike on January 29. The company had immediately sought the Government's intervention. "The same ... More

ALLIANCES & JOINT VENTURES

Shell Bitumen joins hands with ONGC
SHELL Bitumen India Private Ltd, belonging to the Shell group of companies, and actively involved in the trading, manufacturing and marketing of bituminous products, has joined hands with ONGC on Wednesday to formalise the broad terms of ... More

Hotel Leela Ventures to sign pact with Kempinski Hotels
HOTEL Leela Venture Ltd will soon sign a long-term agreement to strengthen its relationship with Geneva-headquartered Kempinski Hotels. The agreement will cover Hotel Leela Venture's existing hotels in Mumbai, Bangalore and Kovalam in Kerala, ... More

EVENTS

Beedi co celebrates platinum jubilee in Mangalore
THE Mangalore-based Bharath Beedi Works Pvt Ltd celebrated its platinum jubilee here on Wednesday. Speaking on the occasion, Mr Ganapati Pai, Chairman and Managing Director, said the company provides employment - both direct and indirect ... More

PTC to host user meet in Chennai, Pune
PTC, a US-based product development company, will host its annual user conference in Chennai and Pune. The 2006 PTC/User World India will be held in Chennai on February 14 and in Pune on 16. The conference will focus on product development and ... More

OUTLOOK

ONGC `dry run' in Bengal continues
According to sources, the testing results of its first exploratory well at Bengal offshore (WB-OSN-2000/1) block in the Sunderbans (ONGC has 85 per cent operating interest in the block) have been "not at all encouraging" with the result that the ... More

Plethico looking at options to fund growth plans
Having restructured itself to grow in the non-infringing segments, the company is preparing for its next level of growth, targeting Rs 1,000 crore by 2010 More

Ashok Leyland seeks vendor presence near Alwar plant
ASHOK Leyland intends to ask its vendors to set up operations close to the company's Alwar plant, which is now working to full capacity, Mr Anup Bhat, Special Director, Strategic Sourcing, said on Wednesday. At the inauguration of the Alwar ... More

PERFORMANCE

Composites industry posts 25 pc growth
THE Rs 1,500-crore Indian composites industry registered a 25 per cent growth in 2004-2005, according to Mr S.K. Saxena, General Manager - India Business, Owens Corning, a company that offers composite solutions. He said that with growth in the ... More

PEOPLE

ONGC Executive Director
HYDERABAD: Mr A.A. Khan, Asset Manager, ONGC, Rajahmundry Asset, has been promoted as Executive Director. Oil & Natural Gas Corporation said in a press release that he would continue to look after the corporation's activities in ... More

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SC bars DD from airing Fourth Umpire show

LIC Housing loans to get costlier by 50 bps from Friday

World pepper demand-supply disparity widens

PRCL to offer container services on rail tracks

Jet may need aircraft acquisition panel's nod for Air Sahara buyout

ONGC `dry run' in Bengal continues

In Focus

Infrastructure woes stare IT sector

IPO Scams

FDI in retail sector