Business Daily from THE HINDU group of publications
Sunday, June 25, 2006
Markets (June 23)
BSE Sensex10401.30 (+125.42)
S&P CNX Nifty3042.70 (+47.95)
US Dollar (Buy/Sell)46.19 (+0.21)


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CORPORATE

CORPORATE DISPUTES
Mukesh, Anil groups strike different notes
Power plant or airport in SEZ and non-compete pact More

MERGERS & ACQUISITIONS
Sami Labs gets closer to a foreign buy
Budget of Rs 100 crore for acquisition More

Aditya Birla Nuvo board meet on July 3
Aditya Birla Nuvo Ltd has informed the BSE that its board of directors will meet on July 3, to review the progress of merger of Birla Global Finance Ltd with itself. The board would also approve the recasted annual accounts of ... More

INOX Leisure okays merger
INOX Leisure Ltd has informed the BSE that its board of directors has approved the acquisition and merger of Calcutta Cine Pvt Ltd with itself. "The proposed transaction is subject to due diligence, final approval by ... More

NEW PROJECTS
Hind Industries to invest Rs 106 cr in Bengal unit
The Delhi-based Rs 500-crore Hind Industries Ltd, among the major exporters of meat in the country, has outlined plans to invest Rs 106 crore in an integrated and composite buffalo and goat rearing and breeding farm at Salboni in West Medinipur ... More

OVERSEAS INVESTMENTS
AVT Natural to invest $3 million in China
Takes over the management of US subsidiary co in Thailand More

Leela Venture to enter Gulf
According to Mr Peter Leitgeb, President, The Leela Palaces and Resorts, the company is actively looking at entering into operating and management contracts for hotels in the West Asian region. These hotels will be super deluxe properties, in ... More

REGULATORY BODIES & RULINGS
Not so sweet a pill
The decision of the US Food Drugs Administration to allow the generic launch of cholesterol-lowering blockbuster Zocor (of Merck) will see Ranbaxy get a six-month exclusivity on a particular dosage. Dr Reddy's, too, gets to participate in the ... More

Ranbaxy gets USFDA nod for cholesterol drug
Pharmaceutical major Ranbaxy Laboratories Ltd has received approval from the USFDA for manufacturing and marketing cholesterol-lowering Simvastatin tablets in the US market. The company said it has received the approval for marketing the drug in ... More

TRADE & LABOUR UNIONS
NMDC disinvestment opposed
The Centre's move to disinvest 15 per cent of its share in the National Mineral Development Corporation (NMDC) to private agencies, has been opposed by the Corporation's Worker's Federation.

The All-India NMDC Worker's ... More

DIVERSIFICATION
Hertz enters leasing biz
Sighting synergies with its rentals business and immense growth potential, car rentals major Hertz has entered the leasing business in India. The company has rolled out Hertz Lease for corporates/institutions, which enables them to take cars on ... More

OUTLOOK
MNCs driving into Indian commercial vehicles space
This auto segment witnessed 50 per cent growth during last fiscal More

PERFORMANCE
SAIL raw materials unit registers 10 pc growth
In the first two months of 2006-07, the raw materials division of Steel Authority of India Ltd produced 2.78 million tonnes, marking a growth of 10 per cent over the corresponding period of 2005-06. "Iron ore dispatches touched an all time high ... More


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Top Stories
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Looking back
Jun. 18-Jun. 24
Hyundai to launch two new models every year

Relationship Management — Inability to manage work-life balance top employee issue

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As Zocor patent expires, Merck plays price-game


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