CORPORATE
ANNOUNCEMENTS
Biocon launches anti-cancer drug
Biocon launched its anti-cancer drug on Sunday, roping in Bollywood star, Shah Rukh Khan, to unveil its Biomab-EGFR in a low-key affair in Bangalore. Though biotech cancer drugs are available in India, they are beyond the reach of the masses. ...
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PRIVATE PLACEMENT
Reliance closes $300-m US pvt debt issue
Reliance Industries Ltd (RIL) has closed and funded the first ever US private debt placement by an Indian issuer. The company launched a $200-million issue in the US Traditional Private Placement market led by Banc of America Securities, ABN ...
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CORPORATE DISPUTES
GAIL pricing: NFCL files protest with Govt
`Differential pricing for gas transportation to K-G basin, HBJ'
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OVERSEAS BORROWINGS
Karnataka banks on investments from US-based cos
TSMC plans new chip unit at Mysore; Intel to invest 5,000 cr in software parks
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INSIGHT
Valuation of stocks — a tightrope walk
What are proper books of account regarding inventories is not spelt out anywhere. The I-T Act also has cast a responsibility upon the tax auditor in respect of stocks-in-trade.
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How quarrels in family-run businesses begin
Quarrels in family-run business often have their roots in a general unwillingness to address issues related to ownership and management and nip them in the bud
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HUMAN RESOURCES
Building talent in-house
At Tata Steel, the focus is on grooming managers from within
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Stanchart tops Microsoft Challenge
Standard Chartered Bank emerged as the top team among 35 corporate teams in the Microsoft Corporate Challenge held at Kochi last week. The non-linear race is a five-stage test of endurance including activities such as running, cycling, ...
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MERGERS & ACQUISITIONS
Cultural integration audit for consummated deals
M&A or mergers and acquisitions always make big news. But what happens after the deal? "Eighty-three per cent of all M&A produces no benefit for the shareholders," is a line that stares from More
NEW PROJECTS
American Higher Education India to expand
American Higher Education India Pvt Ltd, which opened its first learning centre in Gurgaon to introduce online courses in the country from prestigious universities such as Harvard, Boston and Columbia, is on expansion mode. It would be opening ...
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ALLIANCES & JOINT VENTURES
Solkar Solar forms jt venture with Singapore co
Solkar Solar Industry Ltd has entered into a 50:50 joint venture with Singapore-based Eco Solar Technologies Private Ltd. The venture will involve technology transfer from Solkar to set up a 2-MW per annum solar panel manufacturing unit in ...
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OUTLOOK
BMW targets sales of 1,000 units in first year
The BMW's Chennai plant will have an annual capacity of 1,700 units working on a one-shift basis. The company is targeting sales of 1,000 units in the first year (2007) of operations. After the launch of the 5 Series in June next year, sales ...
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ITC reworking strategies for `Kitchens of India' products
To target mainstream consumers in Western markets
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