CORPORATE
RESEARCH & DEVELOPMENT
AstraZeneca poster drive on new TB drug
Pharmaceutical major AstraZeneca is driving home its message on a new tuberculosis cure through 12 posters. The posters cover the gamut of discovery of a tuberculosis drug and have been presented by young scientists at an international ...
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ANNOUNCEMENTS
DaimlerChrysler biodiesel project enters final phase
Seeks to address rural income, employment issues
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PRIVATE PLACEMENT
Fortis Healthcare inks $33.33-m pre-IPO deals
Fortis Healthcare has announced that it would issue 11.92 million equity shares to two private equity firms in a pre-IPO agreement amounting to $33.33 millions. Quantum (M) Ltd, and Blue Ridge Ltd Partnership and Blue Ridge Offshore Master Ltd ...
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NEW BUSINESS
Tata Power to make Defence products
Tata Power has received seven licences from the Government for manufacturing electronic systems and products for defence services. According to the company, the licences would enable Tata Power to be the prime contractor to the Ministry of ...
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Thanjavur Expressways achieves financial closure
Thanjavur Expressways Ltd, a BOT (build, operate and transfer) toll road project, promoted by Madhucon Projects Ltd (MPL), costing Rs 390 crore has achieved financial closure. Canara Bank is the leader of the consortium and SBI Capital Markets ...
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AWARDS & HONOURS
National Geographic plans awards for factual films
The National Geographic channel plans to introduce awards for factual film making under categories such as stills, documentaries and even films shot on mobile phones, covering genres such as environment, science, technology and conservation. Mr ...
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COURTS/LEGAL ISSUES
Bombay HC upholds Wadia group appeal
The Bombay High Court has upheld Wadia group's appeal for staying the transfer of Avesthagen shares to Group Danone. According to a Wadia group spokesperson, Danone's move to pick up a 5 per cent minority stake in Avesthagen was ...
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CORPORATE BONDS
Coal India's long-term debt programme gets AAA rating
Crisil has reaffirmed AAA rating for Coal India Ltd's (CIL) long-term debt programme and P1+ for its short-term debt. This is the second consecutive year that CIL has achieved this feat. Incidentally, Crisil has upgraded its rating on CIL's ...
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RESTRUCTURING
Pantaloon to spin off private labels into standalone stores
John Miller, Bare, Ajile, Rig brands short-listed
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MERGERS & ACQUISITIONS
Century Plyboards merges with Shyam Century Ferrous Alloy
Century Plyboards (I) Ltd has declared its merger with Shyam Century Ferrous Alloy after getting clearance from both the Kolkata and Guwahati High Courts. The merger will be effective from April 2005, and will increase Century Plyboards' ...
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Nod for Aspinwall group cos merger
The High Court of Kerala has approved the scheme of amalgamation among the Aspinwall Group companies. As per the scheme, Aspinwall Investments Ltd, the Pullangode Rubber and Produce Company and Aspinwall and Company (Travancore) ...
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NEW PROJECTS
Bengal bandh peaceful; Mamata continues fast
Schools, colleges closed; air, train services normal
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Tata car project: Trade bodies in dark over ancillary units
In the absence of proper initiatives, the development of auto ancillaries in the State may remain a dream.
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OVERSEAS INVESTMENTS
Do's & don'ts for Indian ventures Down Under
"It is impossible to do business in Australia with the Indian mindset."
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Indian cos get more to buy property abroad
Indian companies with overseas offices can now remit more funds for acquiring immovable property outside India for business and residential purposes. For the initial expenses, banks may allow remittance up to 15 per cent of the average annual ...
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ALLIANCES & JOINT VENTURES
Pro-FX ties up with Chord Electronics
Pro-FX, a high-end audio retailer, has entered into a strategic alliance with the UK-based Chord Electronics for launching the latter's products in India. The Pro-FX Chief Operating Officer, Mr Manmohan Ganesh, told newspersons on Tuesday that ...
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MTV, Travelguru join hands
MTV has joined hands with travel portal Travelguru to launch MTV Backpack Holidays. According to a press release issued by MTV on Tuesday, MTV Backpack Holidays features custom-made adventure-travel packages for the youth, and will be ...
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DIVERSIFICATION
Goa Carbon power generation foray
Goa Carbon Ltd (GCL), a Dempo Group company, which manufactures Calcined Petroleum Coke (CPC), will venture into power generation soon. The board of directors of GCL took an `in-principle' decision to this effect at a meeting ...
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OUTLOOK
Thorium Power in tie-up talks with NTPC, NPCIL
US-based Thorium Power Ltd, developer of nuclear fuel technology, is in talks with Indian companies, including state-owned Nuclear Power Corporation of India Ltd and NTPC Ltd, to firm up partnerships to offer its proliferation-resistant, ...
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GAIL to gain from Vizag underground gas storage facility
Early breakeven for GAIL's Vizag-Hyderabad pipeline expected
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Rig deployment delay at Reliance gas field; `back-up ready'
Back-up plan on track
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PERFORMANCE
ONGC earns `Excellent' rating
The Department of Public Enterprises under the Ministry of Heavy Industries & Public Enterprises has rated the 2006 performance of Oil and Natural Gas Corporation Ltd (ONGC) as `Excellent'. In a statement issued here, the company said ONGC has ..
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