CORPORATE
ACCIDENTS
Rescue efforts end at Tata Steel site
KOLKATA: Rescue operations at Tata Steel's Jamadoba coal mine accident site concluded with the recovery of the body of Bindeswari Singh, the last of the three employees who went missing after the mine accident. On Tuesday, the bodies of ...
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ANNOUNCEMENTS
Pfizer withdraws liquid Gelusil from market — Snaps ties with contract firm
CONSUMERS used to gulping a few capfulls of antacid Gelusil after a heavy meal, could do well to first check the manufacturing date. Pfizer India, the company owning the Rs 20-crore Gelusil brand, has withdrawn all dosage forms of its liquid ...
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Biocon IPO from March 11-18
BIOCON Ltd, the first domestic biotechnology company to go public, will open its IPO process on March 11 and keep the books open for a week till March 18. The company began its pre-offer road show today in Bangalore and will take it on to ...
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`Insugen' launch this year
`INSUGEN', the first of Biocon's branded products, is slated to hit the national market in the first half of this year. Biocon was also the first Indian company to submit its DMF (drug master file) before the USFDA for the generic recombinant ...
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Work resumes at Grasim's Harihar plants
GRASIM Industries Ltd has informed the BSE that in view of sudden release of water by the Bhadra Dam Authorities in the Tungabhadra River, water supply has become available for both the Viscose Staple Fibre (VSF) Plant and Pulp Plant at Harihar ...
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Elgitread EGM okays stock split
OUTSOURCING
Drugs: Outsourcing gains highlighted
IN the backdrop of prohibitive costs of over $800 million per each new drug in the global market and the huge opportunity of over $53 billion in drugs going off-patent in the next five-six years, the US pharmaceutical and biotechnology industry ...
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RESTRUCTURING
ICI plans to revamp rubber chemicals biz before selling
IN keeping with its strategy of exiting from non-core businesses, paints and chemicals major ICI India is open to selling off its rubber chemicals business after restructuring it. The company, which has a cash surplus of Rs 200 crore, is also ...
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MERGERS & ACQUISITIONS
CDC Group allowed to buy ICI's nitrocellulose, trading biz
THE UK-based CDC Group Plc has been permitted by the Foreign Investment Promotion Board to acquire ICI India's nitrocellulose and trading business. According to sources, the acquisition will be made through two special purpose vehicles, one ...
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SABMiller completes integration with Shaw Wallace Breweries
"The change in Tamil Nadu, which is a big market, had a significant impact on our ability to service Haywards 5000 beer that accounts for a third of the total consumption in the State."
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NEW PROJECTS
Sigma Aldrich plans $8-m unit in Hyderabad
SIGMA Aldrich Corporation, the US-based $1.2-billion life science and high-technology company, proposes to set up a laboratory scale production complex in Hyderabad. The US major is into biochemical and organic chemical products and kits that ...
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OVERSEAS INVESTMENTS
Geometric to invest Rs 2.25 cr in US co
GEOMETRIC Software Solutions Company Ltd has entered into an agreement with the Detroit-based Virtual Supply Chain Engineering Inc (VSCE) to make an investment of up to $5,00,000 (Rs 2.25 crore) in its 9 per cent non-convertible preference ...
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RIGHTS ISSUE
Electrolux Kelvinator rights issue gets SEBI nod
THE wait might just be over for the Indian arm of the Swedish white goods major, AB Electrolux, Electrolux Kelvinator Ltd (EKL), for the proposed rights issue. The company is said to have received the capital market regulator, the Securities ...
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OUTLOOK
Petronet LNG hopes to bag NTPC tender
PETRONET LNG Ltd (PLL) is the only company other than Shell India to be short-listed for NTPC's tender for supplying liquefied natural gas to its Kawas and Gandhar power plants. PLL, which plans to double the capacity of its five million-tonne ...
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