CORPORATE
ANNOUNCEMENTS
Indian Immunologicals launches Nimesulide injection for animals
INDIAN Immunologicals Ltd (IIL), the wholly owned subsidiary of the National Dairy Development Board (NDDB), announced the launch of the world's first Nimesulide injection for animals on Friday. Speaking to newspersons, Dr T. Sreevardhana, ...
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Hyundai drops prices of Elantra
HYUNDAI seems to have perfected into a fine art the practice of dropping prices for a limited period on its models. This time round, it has reduced the price of its latest model — Elantra by over Rs 1 lakh and the offer will be open for ...
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MetalJunction goes for a changeover
FROM next month onwards, the Rs 2,135-crore MetalJunction.com Pvt Ltd will be a public limited company re-christened MetalJunction Services Ltd. The registrar of companies had approved the company's application, said MetalJunction Managing ...
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PREFERENTIAL ALLOTMENTS
Neuland Labs calls EGM for pref allotment
NEULAND Laboratories Ltd (NLL), the city-based pharmaceutical company. has informed stock exchanges that its extraordinary general meeting (EGM) would be held on December 17 to obtain the approval of shareholders for the proposed preferential ...
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CORPORATE DISPUTES
`Reliance Ind board had rejected Anil Ambani's contention'
THE board of directors of Reliance Industries Ltd had considered the letter written by Mr Anil Ambani, Vice-Chairman and Managing Director, regarding the decision taken at the July 27 board meeting on powers and authorities of the CMD. The ...
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Birla case hearing to resume on Dec 1
THE issue of discharge of the caveat in respect of the will of late Priyamvada Birla came up as hearing in the matter before Mr Justice Kalyan Jyoti Sengupta of the Calcutta High Court continued here. Mr Anindya Mitra, counsel for Mr R.S. Lodha ...
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AWARDS & HONOURS
JK Ind bags award
ALLIANCES & JOINT VENTURES
DCM Shriram to retail BPCL petrol — In talks with ICICI Bank for extension counters
The BPCL vend dealership would be in the name of Hariyali Kisan Bazaar (HKB), which owns the land. BPCL is to lease the land from HKB, set up the pump at its own cost and then hand it over to HKB for running it.
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IPOS
Tops Security plans to offer stake to foreign investor
TOPS Security Ltd has finalised plans to offer a stake to a large foreign private equity investor. The company, on an upward curve in a growing security market, will offer fresh equity to the investor if the deal is clinched. Mr Diwan Rahul ...
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SICK UNITS
AAIFR stays winding up of Pennar Profiles
The company has successfully entered into one-time settlement agreement with the financial institutions and banks, except one institute, which is also expected to consider OTS in the next couple of weeks.
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Addl capital from Kothari Sugars promoters for revival
THE promoters of Kothari Sugars and Chemicals Ltd have brought in over Rs 47.30 crore as a part of a rehabilitation package approved by the AAIFR (Appellate Authority for Industrial and Financial Reconstruction). In a communication to the stock ...
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OUTLOOK
Essel Propack upbeat on plastic tubes business
PACKAGING major Essel Propack, which acquired in August the UK-based Arista Tubes, hopes to chart out a trajectory of growth in plastic tubes that is similar to the leadership role it carved out in the laminated tubes business globally. The ...
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PEOPLE
Wanbury's technical head
MUMBAI: Wanbury Ltd (formerly Pearl Organics Ltd), has appointed Mr K.K. Agrawal as technical director. Mr Agrawal has recently stepped down from the board of Cadila Healthcare Ltd, where he was Vice-President, Operations and headed ...
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