CORPORATE
RESEARCH & DEVELOPMENT
India on Merck's research radar
To be part of global trial for lung-cancer vaccine
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ANNOUNCEMENTS
APPM to import used machine
Andhra Pradesh Paper Mills Ltd has informed BSE that the company had entered into a contract for import of a used (second-hand) paper machine from Germany. On commissioning this machine at the APPM, Rajahmundry, unit the ...
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CORPORATE DISPUTES
Swaraj Mazda for arbitration to solve PTL, Sumitomo legal dispute
Swaraj Mazda on Friday suggested that its promoters Punjab Tractors Ltd (PTL) and Japan-based Sumitomo Corporation, which are locked in a legal tussle at the Company Law Board, resolve the issue through "arbitration". "Conflicting claims are ...
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RESTRUCTURING
Panyam Cements may sell engg division
Panyam Cements & Mineral Industries Ltd proposes to sell its Engineering Division at Bangalore, which is engaged in the manufacture of steel wires. In a communiqué to stock exchanges, the company said that the board would later decide on the ...
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Silverline finalises one-time settlement
Silverline Technologies Ltd has announced that it has worked out a one-time settlement (OTS) with the guidance of the company's restructuring advisors, Firstcall India Equity Advisors. As per the formula worked out, this settlement would be ...
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MERGERS & ACQUISITIONS
Dollex set to acquire Godavari Manar Sugar
The ethanol, potable alcohol and rectified spirit manufacturer Dollex Industries will formally acquire Godavari Manar SSK Sugar Factory, a loss making and closed Maharashtra cooperative sugar mill on Monday next for a six-year renewable ...
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ALLIANCES & JOINT VENTURES
IOC execs to be trained by U21Global
Indian Oil Corporation has signed an agreement with online graduate school U21Global to provide project management training to its employees. The oil company plans to train over 1,000 of its employees, in phases, with 50 of them joining initially ...
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Hansgrohe ties up with Jaquar
The Germany-based plumbing appliance major Hansgrohe AG has entered into a tie-up with Indian bath fittings company Jaquar to showcase and demonstrate top-end sanitary products of Hansgrohe in Jaquar's `Orientation Centres'. ...
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DIVERSIFICATION
Govt unhappy with IOC's non-fuel retailing foray
`Address the problem of falling throughput in retail outlets'
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KCP looks to diversify
May invest Rs 60 cr in new projects
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OUTLOOK
Reliance Ind still hopeful of Govt compensation
Diesel sales down to 50,000 tonnes from five million tonnes in April
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Dunlop negotiating with Tata Motors for OE tyre supply
Birla Tyres is the only other co that has a facility in the region
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NEW PRODUCTS & SERVICES
Ranbaxy launches urology drug Soliten
Ranbaxy Laboratories today announced the launch of its Soliten brand (Solifenacin) in the Indian market for the management of chronic urological disorders. The product is being introduced for the first time in India. Soliten will be sold in 5 ...
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