The Hindu Business Line : Wednesday, May 24, 2006

ANNOUNCEMENTS
Aurobindo gets tentative USFDA nod for AIDS drug
Aurobindo Pharma Ltd has announced that the United States Food and Drug Administration (USFDA) has granted tentative approval for Abacavir Sulphate tablets 300 mg (base). In a press release here on Tuesday, the company said this is the first ... More

NEW PROJECTS
Hindalco in pact with MP Govt for greenfield aluminium smelter
Hindalco Industries Ltd has announced that it has entered into an MoU with the Madhya Pradesh Government for its 3.25 lakh tonne greenfield aluminium smelter. The company had earlier announced that it is setting up an aluminium smelter in ... More

Nava Bharat to raise long-term funds for expansion
Larger capacities in sugar, power units; Board meet on May 31 More

Essar group co setting up Rs 1,969-cr plant in Gujarat
Hazira Plate Mill Ltd, an Essar Group company, is setting up a plate mill at Hazira in Gujarat, to manufacture five-metre width plates at a cost of Rs 1,969 crore. The plant will have a capacity of 1.5 million tonnes per annum. The plate mill ... More

Divi's gets nod for pharma SEZ
Divi's Laboratories Ltd has informed the stock exchanges that it has received a letter of approval from the Union Ministry of Commerce for setting up and development of a sector-specific Special Economic Zone for pharmaceutical ... More

REGULATORY BODIES & RULINGS
Appellate authority stays BIFR order on Jessop
The Appellate Authority of Industrial and Finance Reconstruction (AAIFR) today stayed a BIFR order discharging Jessop & Co Ltd from its purview of sick companies. The stay was issued based on a petition filed by Jessop Staff Association. BIFR .. More

INTERVIEW
`We are working hard to keep operating margins at 12-12.5%'
Tata Motors' outflow on incentives, schemes to boost retail sales is perhaps the lowest in the industry: Kadle More

STANDARDS & BENCHMARKS
MoistureLoc recall throws up need for independent reporting system
It was in February that the first signs of trouble were visible with Bausch & Lomb's MoistureLoc contact lens solution in Singapore. As cases of serious fungal eye infection - fusarium keratitis - started getting reported from Asia and the More

OUTLOOK
NTPC plans consortium route for mega projects
In talks with private and State-owned players More

High rubber prices may hit MRF
Hike in tyre prices ruled out More

PERFORMANCE
Bad weather hits Sterlite Korba plant
Sterlite Industries India Ltd has announced that the commissioning of the 250,000 tonnes per annum aluminium smelter at Bharat Aluminium Company Ltd's Korba operations have been affected due to bad weather. "As a result of stormy weather, the ... More

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