The Hindu Business Line : Wednesday, March 08, 2006

Monsanto offers to cut trait value of Bt cotton
Mahyco-Monsanto, which owns the Bt cotton technology, has offered to reduce the trait value by Rs 350, according to Mr N. Raghuveera Reddy, the State Minister for Agriculture and Civil Supplies. Addressing a press conference here on Tuesday, ... More

Natco Pharma launches cancer drug
Natco Pharma Ltd has announced the launch of its brand Lymfuda 10 mg tablets. In a release here on Tuesday, the company said Lymfuda (Fludarabine) is an alkylating agent useful in the treatment of chronic lymphocytic leukaemia ... More

PREFERENTIAL ALLOTMENTS

Avon Organics pref allotment
Avon Organics Ltd has informed the stock exchanges that a meeting of its Allotment Committee would be held on March 11 for allotment of 30 lakh equity shares on preferential basis to non-promoters, subject to approval of ... More

OVERSEAS BORROWINGS

Tata Steel signs ECB pact for $500 m
Tata Steel on Tuesday informed that it has signed an external commercial borrowing agreement for $500 million (Japanese Yen equivalent of $495 million and $5 million) at Singapore to fund its growth projects and acquisitions. "The syndicated ... More

Subex buys US-based Mantas for $2 m
To fund buy-out thru $10-m GDR offering More

ESOPS

Keynote to offer ESOP consulting
Keynote Corporate Services Ltd has announced the launch of its dedicated ESOP (employee stock option plan) consulting division that seeks to assist companies in their efforts to reward employees through stock options. The Vice-President of ... More

HUMAN RESOURCES

RENDEZVOUS

`Satisfy employees to get good results'
AJAY SHRIRAM'S PHILOSOPHY More

MERGERS & ACQUISITIONS

Tata Chem acquires UK co BMGL
Tata Chemicals Ltd (TCL) today informed that it has acquired the balance shares constituting 36.5 per cent of the paid up capital of Brunner Mond Group Ltd (BMGL), UK. The shares were acquired for a consideration of Rs 290 ... More

NEW PROJECTS

IOC to seek board nod for Paradip refinery project
Indian Oil Corporation is planning to seek board approval for the 15-million-tonne Paradip refinery-cum-petrochemicals project this month. This is despite some doubts expressed by the project evaluation committee (PEC) on the project's ... More

OVERSEAS INVESTMENTS

Shasun gets UK nod for facility
Shasun Chemicals and Drugs Ltd announced on Tuesday that the company has received the approval from Medicines and Healthcare products Regulatory Agency (MHRA), UK, for its WHO-CGMP formulation facility. The unit manufactures Oral ... More

TRADE & LABOUR UNIONS

Toyota Kirloskar workers defer strike plan
Toyota Kirloskar Motor workers have put on hold their plans to go on strike from March 23 as the Labour Commissioner has initiated conciliatory talks between the management and the workers. A workers' union representative told Business ... More

ALLIANCES & JOINT VENTURES

Reliance Petro ties up with Australian co for oil exploration
Agreement signed with IIT for info-tech research More

Ethanol supply
Ammana Bio Pharma Ltd has entered into an agreement with Bharat Petroleum Corporation, Hindustan Petroleum Corporation and Chennai Petroleum Corporation for supply of 5,942 litres (against an installed ... More

PLL in talks with Aussie co for LNG
Petronet LNG Ltd (PLL), a joint venture promoted by Indian Oil Corporation, ONGC, GAIL (India) and Bharat Petroleum, is negotiating with LNG Liquefaction Project in Gorgon, Australia, to source liquefied natural gas (LNG) for its terminal at ... More

EVENTS

Suresh Krishna tells industry to aim high
`Don't rely on FDI, India has to be built by Indians' More

`Bajaj Auto has stuck to core competency'
Bajaj Auto, sitting on surplus funds of over Rs 7,000 crore, was inundated with offers to diversify from telecommunications and power generation to software but stuck to core business of automobiles. "Thus, we have remained true to ... More

OUTLOOK

Zydus to market diagnostic kits
Sarabhai Zydus Animal Health Ltd is set to launch high-tech diagnostic kits to diagnose and control newly emerging infectious animal diseases that include avian influenza (bird flu) and bovine viral diarrhoea. The ... More

IOC expects to maintain net at last year's level
Pins hopes on bonds, subsidy sharing, GAIL stake sale More

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