Business Daily from THE HINDU group of publications
Wednesday, September 20, 2006
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CORPORATE

ANNOUNCEMENTS
Rajasthan refinery not viable: ONGC
ONGC on Tuesday said that the proposed Rs 8,000-crore Rajasthan refinery project was not economically viable unless the State Government extends large-scale fiscal incentives. Mr R.S. Sharma, Chairman and Managing Director, said that the company ... More

ONGC to pay 200 pc final dividend, issue 1:2 bonus in Nov
MRPL to raise Rs 5,200 cr in debt market More

IOC starts commercial despatch of PTA
IndianOil has commenced commercial despatch of purified terephthalic acid (PTA) from Panipat. The first despatch was flagged off by Mr K. Govindarajan, Executive Director (Petrochemicals), IndianOil, to Indo Rama Synthetics Ltd, ... More

NEW BUSINESS
Welspun bags orders worth Rs 700 cr
Welspun Gujarat Stahl Rohren Ltd, the flagship company of the $1-billion Welspun Group, has bagged orders worth Rs 700 crore for supply of line pipes for critical oil and gas applications in the US and Iran. While the order from ... More

MERGERS & ACQUISITIONS
Praj Ind buys US engineering co for Rs 22.5 cr
The Pune-based Praj Industries Ltd on Tuesday said it has acquired the Omaha-based C.J. Schneider Engineering Corporation Inc, with expertise and experience in providing detailed engineering services to the biofuel industry including ethanol ... More

McLeod Russel open to more acquisitions in Assam
Rules out hiving off 6 Dooars gardens More

Azim Premji picks up 2-lakh shares of Birla Corp
Azim Premji, Chairman of Wipro Ltd, has picked up 2-lakh shares of Birla Corporation Ltd. This was announced by Mr R.S. Lodha, Chairman of Birla Corporation. He was talking to reporters after chairing the 86th annual general meeting of the ... More

OVERSEAS INVESTMENTS
Elder Pharma plans JV in Ghana
MUMBAI: Elder Pharmaceuticals Ltd has entered into a 50:50 joint venture with a local party in Ghana. The joint-venture company will manufacture pharmaceutical formulations that will be marketed in Ghana and nearby countries, Elder Pharma ... More

REGULATORY BODIES & RULINGS
Glenmark gets US nod for nausea drug
Glenmark Pharmaceuticals Ltd has received tentative approval from the US regulatory authority for its version of Ondansetron Hydrochloride Tablets, prescribed to control nausea and vomiting. In an announcement to the Bombay Stock Exchange, the ... More

ALLIANCES & JOINT VENTURES
Mother Dairy to set up bourse for farm produce
In pact with MCX; Safal exchange to be located in Bangalore More

Arch Pharma signs pact with Apex Drugs
Arch Pharmalabs Ltd, a Mumbai-based company engaged in the manufacture of active pharmaceutical ingredients (APIs) and intermediates, has announced a co-marketing alliance with Apex Drugs & Intermediates Ltd, a Hyderabad-based company into APIs. More

Serum Institute signs pact with Akorn
Tie up to be mix of tech, production venture More

INTERVIEW
Chemtech move to standardise research, trial practices
Chemtech Foundation has initiated the Info-GCP (Indian Forum for Good Clinical Practice), a forum for standardising the clinical research and trial practices, on the lines of the European Forum for Good Clinical Practice. "The effort is aimed ... More

SOCIETY & DEVELOPMENT
Free dental check-ups
Colgate Palmolive India Ltd in association with the Indian Dental Association has organised free dental check-ups in Kochi, Kozhikode, Thiruvananthapuram, Kollam, Alappuzha, Thrissur, Palakkad throughout September. The free ... More

DIVERSIFICATION
Nilkamal Plastics to enter realty biz
Forms tie up with Bhoomi Developers for the venture More

SICK UNITS
Matex Net to e-auction Standard Motors' assets
Over 400 potential bidders have registered for the auction to be held on Sept 27 More

OUTLOOK
No immediate challenge from China: Sun Pharma
`The competition may start 10 years later' More

NTPC plans to treble capacity to 75,000 MW by 2017
Intensifies focus on hydroelectric projects, coal mining and nuclear energy More

Aurobindo Pharma bets on low-cost strengths
Plans to use advantage to consolidate presence More

United Breweries raises borrowing limit to Rs 1,500 cr
To set up a marketing office in Shanghai More

PERFORMANCE
STC posts Rs 3,000-cr turnover in Apr-Aug
Starts venture in Bulgaria More






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