CORPORATE
CORPORATE DISPUTES
Govt rejects RIL price for gas to RNRL
In a new twist to the ongoing war between the two Ambani brothers on the issue of gas price, the Government on Wednesday said that it did not agree with the Mukesh Ambani led Reliance Industries Ltd (RIL's) proposed valuation formula for gas ...
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COURTS/LEGAL ISSUES
Bank guarantee could not be invoked if arbitration award is challenged: HC
The arbitration law stipulated that a bank guarantee issued in favour of a company as part of an arbitration award could not be invoked if the award itself had become inexecutable with the admission by the High Court of a petition under Section ...
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RESTRUCTURING
Kirloskar Bros sheds stake in Kirloskar Copeland
Kirloskar Brothers Ltd on Wednesday said it has sold its 51 per cent stake in Kirloskar Copeland Ltd to US-based Copeland Corporation, for $40 million. The Pune-based Kirloskar Copeland is a joint venture between Kirloskar Brothers (51 per ...
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MERGERS & ACQUISITIONS
ICI India set to merge Quest International with itself
In a move that would help to increase economic efficiencies, ICI India is planning to merge Quest International India with itself, after converting it into a wholly owned subsidiary. The company had, in May this year, bought its joint venture ...
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Astra Micro to acquire Komoline
Astra Microwave Products Ltd, a Hyderabad-based company engaged in space related products and manufacture of antennae, has acquired 70 per cent stake in Ahmedabad-based Komoline Electronics Pvt Ltd. The General Manager and Compliance Officer ...
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NEW PROJECTS
JCB plans Rs 350-cr expansion
To invest in Pune factory; increase capacity at Haryana
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ALLIANCES & JOINT VENTURES
Wireless medical monitoring for patients
Israel company to provide equipment.
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Apollo, Johns Hopkins tie up for study on heart ailments
Apollo Hospitals and the US-based Johns Hopkins Medicine International plan to undertake a joint study on cardiovascular diseases in India. The study aims to develop an understanding of the risk factors that cause heart diseases in people ...
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BONUS ANNOUNCEMENTS
ONGC net rises
Board approves 1:2 bonus share issue
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STANDARDS & BENCHMARKS
Himalaya Drug gets ISO-14001 certification
The Himalaya Drug Company has said it has received the ISO-14001:2004 certification for environment management. The herbal healthcare major said in a release that its comprehensive environment-friendly measures include setting up of a water ...
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Lupin gets nod for psoriasis drug trial
Lupin Ltd has received regulatory approval to conduct the second phase of human-trials on its prospective drug targeting psoriasis, a skin-related condition. The Drug Controller General of India (DCGI) has given its approval to conduct ...
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OUTLOOK
Godrej Consumer mulls greenfield soap brands
Looking at baby care, glycerine, healthcare segments
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`Bright prospects for electric vehicles'
A number of firms evince interest
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Mahindra & Mahindra plans to launch CNG bus
Mahindra & Mahindra (M&M) has plans to introduce CNG bus in the local market. The move is seen in conjunction with the rise in crude oil prices, with auto companies looking at various fuel options to drive their respective vehicles. Addressi
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Hikal realigns pharma strategy
To focus more on contract-manufacturing products for innovator companies
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BOC India to explore opportunities in petrochem
Q1 net profit, sales rise; to pay 30 pc dividend
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PERFORMANCE
Reliance diesel, motor spirit sales drop
Reliance Industries has witnessed an 80 per cent drop in diesel sales and 50 per cent drop in motor spirit due to pricing strategy. The company had captured over 14 per cent of the country's retail diesel sales through 1,200 outlets by the end ...
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ITH Q1 profit after tax at Rs 1.73 cr
International Travel House has reported a profit after tax at Rs 1.73 crore for the first quarter of 2006-07. During the same period in the previous year, the company had reported a PAT of Rs 1.78 crore. Turnover during ...
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PEOPLE
SAIL likely to get part-time Chairman
Ministry sources said that going by the present trend of appointments of chiefs of public sector units, the senior-most Director is normally given the additional charge.
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How Dr Reddy's became a $1-b company
A man who earned just Rs 500 a month 30 years ago went on to build a pharma empire and now owns a third of the company's market cap of Rs 10,000 crore. Dr Reddy's Laboratories, the company he started in 1984, is now a $1-billion ...
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