CORPORATE
ANNOUNCEMENTS
Merc puts E class variant on hold
DaimlerChrysler India has put on hold its petrol variant of the E class (E 280) till the last quarter of this year. This is due to the shortage of kits with the company. Mr Suhas Kadlaskar, the Director of Corporate Affairs and Finance, said ...
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AWARDS & HONOURS
Dr Rath gets Fellowship award
Dr C.P. Rath, well known cardiologist and Director, Cathlab, Apollo Hospitals, here has been awarded the prestigious "Fellowship of the European Society of Cardiology", this year. The ESC represents more than 45,000 cardiology ...
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MERGERS & ACQUISITIONS
Godrej Consumer buys hair-colour biz in S. Africa
In its second international acquisition in less than a year, Godrej Consumer Products Ltd (GCPL) has entered into an agreement for the acquisition of the South African hair-colour business of Rapidol, UK, as well as its subsidiary Rapidol ...
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Indoco acquires La NovaChem
To strengthen bulk drug capacity
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P&G picks up 41% in Gillette
FMCG company Procter & Gamble India Holdings has acquired 41.02 per cent stake held by Gillette Company US in Gillette India Ltd, following the global acquisition by P&G of Gillette, last year. GIL in a communiqué to the National Stock Exchan
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Actis to invest $44.4 mn in Phoenix Lamps
Co to also fund expansion of Add Life Medical
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CORPORATE GOVERNANCE
`No disharmony likely between SEBI, proposed Cos Act'
Companies Act, 1956 would always remain the mother Act, while regulatory institutions such as SEBI would be concerned only with listed entities.
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NEW PROJECTS
Kyocera plans CDMA handsets in India through Flextronics
The company may engage Flextronics' Indian unit to manufacture CDMA handsets on a contract basis.
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Grupo Antolin sets up design centre in Pune
Plans assembly/logistic centre at Chennai to tap southern markets
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STANDARDS & BENCHMARKS
Strides HIV drug passes WHO muster
Strides Arcolab Ltd on Tuesday said WHO has approved its fifth HIV drug product. Three more have been submitted for pre-qualification. WHO has included Lamivudine/Zidovidine developed by Strides in its list of pre-qualified ...
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OUTLOOK
Saregama music may soon be on your mobiles
Company in talks with cell operators, manufacturers to sell music tracks
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Honda Motor may consolidate holdings in Indian cos
Specifies no timeframe; new sedan `Civic' launched
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US co CookTek eyes Indian market
CookTek Induction Cooking Systems, a Chicago-based kitchen equipment provider, will look to enter the Indian market in the near future through its regional partner S.A.R.B. International, according to Mr Gregg Yanagihara, Regional Director - ...
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PERFORMANCE
Maruti 800 back in limelight
Shows big drive after a period of stagnation
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Tata Motors clocks 37 pc rise in June sales
Medium, heavy and light vehicles see surge in demand
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