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Friday, July 21, 2006
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RESEARCH & DEVELOPMENT
Tata Daewoo develops LNG trailer
Tata Daewoo Commercial Vehicle Co Ltd (TDCV), one of the largest commercial vehicle manufacturer of South Korea and a 100 per cent subsidiary of Tata Motors, has developed South Korea's first liquefied natural gas (LNG) powered ... More

NEW BUSINESS
BHEL bags Rs 46-cr order in Ethiopia
Bharat Heavy Electricals Ltd (BHEL) today said it has bagged a Rs 46-crore order to set up two substations in Ethiopia. The contract for 230 KV sub-stations was awarded by Ethiopian Electric Power Corporation and is part of the ... More

INSIGHT
Say cheese, India Inc
Photographer Atul Kasbekar's new business seeks to photographically capture a company's personality through its leaders. More

CREDIT RATING
NCDEX gets `CCR AA' rating
Crisil has assigned a `CCR AA' rating to National Commodity and Derivatives Exchange Ltd (NCDEX). This is the first credit rating assigned to an Indian exchange. The `CCR AA' indicates high degree of strength with regard to ... More

HUMAN RESOURCES
ONGC mulls competitive financial packages for key staff
Aim is to halt attrition of experienced personnel More

MERGERS & ACQUISITIONS
Havell's Q1 net profit up 81 pc
The electrical goods manufacturer Havell's India today announced an 81 per cent rise in its net profit at Rs 22.58 crore for the quarter ended June 30, 2006 as compared to Rs 12.48 crore during same period last year. The ... More

NEW PROJECTS
Taj group plans boutique hotel in Pune palace property
Hospitality industry major Indian Hotels Company, which owns the Taj hotels, is seeking to increase its presence in the Pune market where it is now all set to convert the erstwhile Padma Vilas Palace, a heritage property that once belonged to the ... More

Thermax plans additional unit at Vadodara
Posts Q1 net profit of Rs 27.5 cr More

OVERSEAS INVESTMENTS
Sona Group to set up subsidiary in France for exports
The Rs 800-crore Sona Group is in the process of setting up a company in France called Sona Autotech (France), which would handle the group's exports to Europe. According to Dr Surinder Kapur, Chairman, Sona Group, exports to Europe are set to ... More

REGULATORY BODIES & RULINGS
USFDA approval for Zydus drug
Zydus Cadila has received approval from the US Food and Drug Administration (USFDA) to market Meloxicam tablets, 7.5 mg and 15 mg, in the American market. The company said in a release here that the drug falls in the pain ... More

Glenmark gets nod for Meloxicam
Glenmark Pharmaceuticals Ltd has received the US Food and Drug Administration (USFDA) approval to market Meloxicam oral tablets 7.5 mg and 15 mg. Meloxicam is the generic version of Boehringer Ingelheim's brand Mobic and is ... More

TRADE & LABOUR UNIONS
Hyundai Motor India signs 3-year wage pact
Hyundai Motor India on Thursday said it has signed a three-year wage agreement with its workers, the first such settlement in the 10-year history of the company. Till now, the company has been going in for only annual wage agreements. According ... More

ALLIANCES & JOINT VENTURES
BPCL to supply RLNG to FACT
Bharat Petroleum Corporation Ltd, Kochi, has entered into an agreement for supply of RLNG (re-liquefied natural gas) with Fertilisers and Chemicals Travancore Ltd for a quantity of 1.25 million standard cubic metre per day for its Udyogamandal ... More

Ranbaxy signs licensing pact for Canadian market
Ranbaxy Laboratories has said it has signed a licensing agreement with Canada's Janssen-Ortho Inc to market the generic version of Risperidone, a drug for psychotic disorders, in Canada. "This agreement will provide Ranbaxy with an opportunity to ... More

International Recreation ties up with Turner for Noida park
International Recreation Parks Pvt Ltd, a joint venture between Unitech and International Amusement Ltd, has entered into a licence agreement with Turner Networks, owner of Cartoon Network, to develop the children's section of its recreation ... More

Karnataka Bank in financing pact
Karnataka Bank Ltd has signed a memorandum of understanding (MoU) with New Holland Tractors (India) Pvt Ltd for financing tractors and other farm equipment manufactured by the company. A bank release said here on Thursday that ... More

INTERVIEW
`We've improved our market share to 11.5 pc'
`Gujarat Ambuja working with Holcim to cut production cost' More

STANDARDS & BENCHMARKS
ACC Faridabad unit gets ISO 14001
Cement manufacturer ACC's Faridabad ready mixed concrete plant has earned ISO 14001 certification. With this, the plant is now both ISO 9001 and 14001 certified. The company is also in the process of acquiring ISO certification ... More

SICK UNITS
Centre sanctions Rs 44 cr for Hind Antibiotics revival scheme
Balance Rs 92 cr to come in end-Aug More

OUTLOOK
Nuclear major Areva calls India `first priority' market
`Potential to source some components to other global markets' More

VVF eyeing Rs 1,000-cr turnover in 2 years
Hopes to achieve on strong domestic, export demand More






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Looking back
Jul. 9-Jul. 15
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