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Wednesday, August 30, 2006
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CORPORATE

MODERNISATION
BHEL to invest Rs 1,600 cr for capacity expansion
To meet power capacity targets of 11th Plan More

RESEARCH & DEVELOPMENT
TNAU, Rasi Seeds in pact
The Tamilnadu Agricultural University (TNAU) and the private seed company Rasi Seeds have entered into a collaborative agreement. Under this, the Attur-based Rasi Seeds will take up seed production and marketing of crop varieties or hybrids ... More

BUYBACK
ETC to buy back shares
ETC Networks Ltd has announced buyback of its shares at a price not exceeding Rs 62 per share. The company would be spending not more than Rs 6.6 crore for the buyback of 10,71,401 shares. The buyback would begin on ... More

NEW BUSINESS
Nagarjuna bags Rs 114-cr order
Nagarjuna Construction Company Ltd has announced that it has secured a civil construction contract of Rs 114 crore from Times of India Group for construction of new printing press complex at Airoli in Navi Mumbai. In a press ... More

MERGERS & ACQUISITIONS
Sheths hike stake in GE Shipping
They picked up 2.36 pc equity for Rs 100 cr in 12 months More

Global Green acquires Belgium co
Acquisition will give foothold in Europe More

`Essel Propack buys Packaging India'
Essel Propack Ltd is learnt to have acquired Packaging India Pvt Ltd, a packaging company headquartered in the South. Packaging India, which has an annual turnover of Rs 100 crore, is in the business of speciality packaging ... More

NEW PROJECTS
Ispat Industries to set up 3-mt pelletisation plant in Vizag
To take SPV route; in talks with States for iron ore mine leases More

Gulshan Sugars' first phase expansion may get over by Nov
Gulshan Sugars and Chemicals Ltd is expecting to complete the first phase of its Rs 175-crore expansion plan by November this year and the second phase by March 2007. The Chairman and Managing Director of the company, Mr C.P. Jain, said, "With ... More

Pitti Laminations' new plant
Pitti Laminations Ltd has announced that the stone-laying ceremony for its phase-III expansion was performed on Sunday at its new plant situated at Nandigaon village, in Mahaboobnagar district of Andhra Pradesh. In a press ... More

OVERSEAS INVESTMENTS
No tax sops for export of capital
Domestic companies not to get concessions for equity investments abroad More

REGULATORY BODIES & RULINGS
Strides gets USFDA nod for AIDS drug Stavudine
Strides Arcolab said the USFDA has tentatively approved its abbreviated new drug application (ANDA) for AIDS drug Stavudine. This is the company's second ANDA approval, this time for Stavudine capsules USP, 30mg and 40mg. The application was ... More

TRADE & LABOUR UNIONS
Lock-out at Doom Dooma Tea division
Last week an indefinite lock-out was declared at the Panikhowa division of the Samdang tea estate belonging to Doom Dooma Tea Company Ltd after a group of workers assaulted senior managers. Doom Dooma Tea Co, which earlier belonged to Hindustan ... More

Plea to expedite decision on BHPV revival package
The Bharat Heavy Plate and Vessels (BHPV) Mazdoor Sangh, the recognised union in the ailing public sector unit here, has urged the Union Industries Ministry to take a decision soon on the promised and long-pending revival package for the unit or ... More

ALLIANCES & JOINT VENTURES
Suven, Eli Lilly in pact for pre-clinical research
Suven Life Sciences Ltd announced on Tuesday that it has signed an agreement with the US pharma major Eli Lilly & Company to collaborate on pre-clinical research of molecules in the therapeutic area of central nervous system (CNS) disorders. .. More

Aerostar-FSA pact for pilot training
Course fee to be around $51,000 More

Rolls-Royce plans MoU with HAL
To focus on needs of helicopter segment More

SBI, VRS Foods sign pact
State Bank of India and VRS Foods Ltd and Ved Ram & Sons with their brand name as `Paras' have entered into an agreement to finance farmers to set up dairy units and its entire value chain. This agreement is expected to help increase milk ... More

DIVERSIFICATION
BharatMatrimony turns to brick-and-mortar
Seven lakh online marriages organised at last count, a $8.6 million in funding from Yahoo! Inc and Canaan Partners and at least half-a-dozen more enthusiastic investors queuing up to shell out money for a slice of his business. It would be a ... More

KPFC to diversify
The Kerala Power Finance Corporation Ltd (KPFC) is diversifying its activities to cover financing of all infrastructure development works in the State. Accordingly, the company has been renamed as "Kerala State Power and Infrastructure Finance ... More

SICK UNITS
BIFR to hold review hearing on Metal Box
Meeting to be held in New Delhi on September 11 More

OUTLOOK
GAIL may set up coal gasification plant in East
Estimated cost of the project would be about Rs 2,430 cr More

`Parryware unfazed by foreign competition'
Opens fourth manufacturing unit in Perundurai, TN More

Cryo Stemcell plans to foray into consultancy, training space
To start comprehensive regenerative medicine centre in 5 years More

PEOPLE
New GM for NTPC
Mr R. Venkateswaran has assumed charge as General Manager, NTPC Simhadri Thermal Power Project, on Monday. Before the assignment, he was the General Manager of the NTPC-SAIL Power Co Ltd at Rourkela. An engineering graduate, ... More

Rami Reddy to head BHEL unit
Mr G.V. Rami Reddy, Group General Manager, BHEL, is the new chief executive of the BHEL's Ramachandrapuram unit, Hyderabad. He has taken over from Mr C.P. Singh, Executive Director, who has been transferred to Delhi on elevation ... More






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Top Stories
Maruti up on divestment buzz, expansion plans

BHEL to invest Rs 1,600 cr for capacity expansion

Curbs on duty-free items on board aircraft to go

Global Green acquires Belgium co

World Bank report says inequality high in AP

ITA sees turnaround in tea sector's fortunes

Looking back
Aug. 20-Aug. 26
Coromandel Fert shareholders pact with Tunisian co today

Jindal Stainless scouting for buys in Asia, Europe

GM plans foray into used car biz

Ventures with Mittal on, says ONGC

Bharat Forge, Maharashtra to co-develop SEZ near Pune

Suzlon bags two orders worth Rs 345 cr from Italy, Portugal

A global bladder-print

Where salary overshadows sales

Ashok Leyland plans to set up `commodity desk'

ICICI asked to do valuation of Dabhol's LNG terminal

Deepak Nitrite buys Vasant Chem acid biz

L&T bets big on China



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