CORPORATE
ACCIDENTS
Fire at Century's cement plant
The clinker unit at the cement plant of Century Textiles and Industries at Baikunth, Chhattisgarh, became inoperative with effect from August 12 following a fire that damaged the cable and electrical equipment at the unit, the company has ...
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ANNOUNCEMENTS
ITC starts farm extension services
To advise 7,500 farmers on best practices
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CORPORATE DISPUTES
BPL case: Essar not to act on termination notice
According to sources, the Essar group is holding that the permission was for merger and not for acquisition of shares of BMCL.
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NEW BUSINESS
BHEL bags Rs 1,224-cr order
Bharat Heavy Electricals Ltd has bagged an order worth Rs 1,224 crore from Uttar Pradesh Rajya Vidyut Utpadan Nigam Ltd for setting up a thermal power plant in the State. The order entails setting up a 500-MW power plant, with ...
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RESTRUCTURING
GE allows Great Offshore to enter shipping biz
There are 8 players in domestic offshore support services market
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GMR to demerge ferro alloys, merge Bharat Sugar with itself
Shareholders to get 38 shares for 100 in de-merged entity
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MERGERS & ACQUISITIONS
Bharat Alloys to merge with VBC
The board of directors of VBC Industries Ltd has approved the draft scheme of merger between the company and Bharat Alloys and Energy Ltd. As per the board's decision, the swap ratio would be 2:1. The company has informed the ...
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El Forge to raise stake in UK co
Chennai-based El Forge Ltd will raise its stake in Shakespeare Forgings Ltd, a UK-based company it acquired in July last year, it is learnt from sources close to the development. El Forge bought 74 per cent stake in the company for Rs 2.8 ...
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GVK Power may hike stake in Gauthami Power
GVK Power & Infrastructure Ltd, the listed entity and part of the diversified GVK group of Hyderabad, has hinted at hiking its stake in Gauthami Power from the current 41 per cent to 51 per cent. In a statement to its shareholders, the Chairman .
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NEW PROJECTS
Tata Motors to expand passenger car unit capacity
Tata Motors plans to expand its production capacity at its Pimpri, Pune passenger car manufacturing facility. Though the company spokesperson said that he had no knowledge on the current development, information available with components ...
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Trinity to set up multi-speciality unit in Bangalore
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Wockhardt to set up hospitals in Surat, Rajkot
Bangalore South becomes operational.
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REGULATORY BODIES & RULINGS
Ranbaxy gets approval for children's HIV drug
Ranbaxy Laboratories Ltd on Monday announced that the company has received approval to manufacture and market Triviro-LNS kid and Triviro-LNS kid DS, both triple ARV combinations for children, in India. The company has also filed the product ...
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Strides gets US nod for AIDS drug application
Strides Arcolab has announced that it has received tentative USFDA approval for one of its ANDA filings for AIDS drugs. Nevirapine, filed for selling as 200 mg tablets, has received approval for its ANDAs (abbreviated new drug application), the ...
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ALLIANCES & JOINT VENTURES
Kuwait co buys tech to convert coir pith into organic manure
Signs MoU with Coir Board
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OUTLOOK
German chemical co keen to invest in Mangalore SEZ
Lanxess, a German-based chemical company with production sites and agencies all over the world, has shown interest to invest in the Mangalore SEZ (special economic zone), according to a press release by the Kanara Chamber of Commerce and Industry ...
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HPCL increases refinery project cost estimate
Estimated at Rs 15,072 cr, financing options may include IPO
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Amara Raja Batteries plans capacity expansion
Amara Raja Batteries plans to invest of Rs 88.20 crore to increase automotive battery capacity by 50 per cent from 3.6 million units per annum to 5.4 million. The expansion is expected to be completed by the second quarter of 2007-08. After ...
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PERFORMANCE
VSP records Rs 2,530-cr sales turnover
Visakhapatnam Steel Plant achieved record sales of Rs 2,530 crore in April-July, registering 31 per cent growth over sales during the corresponding period last year, according to a press release issued here. The sales for the period comprise ...
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PEOPLE
PepsiCo names Indra Nooyi as CEO
PepsiCo International on Monday named Ms Indra K. Nooyi, the President and Chief Financial Officer, as its new Chief Executive Officer (CEO) with effect from October 1. Mr Steve Reinemund, the current Chairman and CEO, is to retire in May ...
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Rajiv Shukla joins Advinus
Mr Rajiv Shukla has been appointed Vice-President, Head of Business Development and Marketing of Advinus Therapeutics from this month. Advinus is a joint venture between the Tata Group and Dr Rashmi Barbhaiya. Mr Shukla will be ...
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