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Wednesday, July 13, 2005

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Aurobindo Pharma gets tentative USFDA nod for generic AIDS drug
AUROBINDO Pharma Ltd has announced that it was granted the tentative approval for the abbreviated new drug application (ANDA) on a drug lamivudine and zidovudine tablets, 150 mg/300 mg with combination. In a press release here on Tuesday, the ... More

Madhucon bags Rs 319-cr NHAI project in Bihar
MADHUCON Projects Ltd has announced that National Highway Authority of India (NHAI) has awarded the company a World Bank-funded highway project on NH-28 in Bihar at a cost of Rs 318.77 crore. In a press release here on Tuesday, the company said ... More

OVERSEAS BORROWINGS


REI Agro's $28-m FCCB issue
MUMBAI: Rei Agro, a basmati rice processing company, on Tuesday announced the placement of a $28-million Foreign Currency Convertible Bond (FCCB) with an additional 15 per cent green shoe option. An application has been made to list the ... More

Arvind Mills raises $37.2 m through GDR issue
ARVIND Mills Ltd has announced that it has successfully raised $37.19 million through the issue of 13.5 million Global Depositary receipts (GDRs). A further 5,00,000 GDRs have been allocated as greenshoe. Each GDR represents one underlying ... More

AWARDS & HONOURS


Honour for BHEL chief
NEW DELHI: The CMD of Bharat Heavy Electricals Ltd (BHEL), Mr A.K. Puri, has been awarded the Udyog Ratna award by the PHDCCI for his contribution to the economic development of Uttaranchal. A company press release here said as much as ... More

MERGERS & ACQUISITIONS


Raymond to buy auto parts co
RAYMOND Ltd has announced plans to acquire a controlling interest in an auto component manufacturing company, Ring Plus Aqua Ltd (RPAL), through a wholly owned subsidiary company, Scissors Engineering Products Ltd. According to an official ... More

NEW PROJECTS


Hindustan Tin plans Rs 50-cr expansion
HINDUSTAN Tin Works Ltd, a can manufacturer, has announced that it is envisaging further investment of Rs 50 crore in the metal packaging business. The company proposes to tap the unexplored packaging opportunities available in the domestic ... More

ALLIANCES & JOINT VENTURES


Bengal Tools to strengthen tie-up with Sifang Group of China
BENGAL Tools Ltd, a Shrachi Group company with two separate divisions of engineering and farm implements, has announced plans to strengthen its marketing and technology tie-up with the State-owned Zhejiang Sifang Group of China, acknowledged as ... More

OUTLOOK


ONGC may no longer provide interest-free loans to OVL
OIL and Natural Gas Corporation (ONGC), which has been providing interest-free loans to its subsidiary ONGC Videsh Ltd (OVL), is now weighing the option of doing way with this provision. According to official sources, ONGC is looking at an ... More

Electrosteel plans to boost exports to Europe through JVs
ELECTROSTEEL Castings Ltd, which has positioned itself as an international manufacturer of ductile iron (DI) pipes and fittings, has chalked out plans to give a special thrust to exports in 2005-06 through the newly-created special purpose ... More

Indian Oiltanking plans entry into LNG terminalling
THE Rs 273-crore Indian Oiltanking Ltd (IOTL), the IndianOil - Oiltanking GmbH joint venture, is considering entering into LNG terminalling in the country. A decision is expected within the next couple of weeks. The proposal is awaiting ... More

Hindalco to pursue organic, inorganic route for growth — Board okays stock split
HINDALCO Industries Ltd said on Tuesday that its board has approved the sub-division of equity shares of the company from one share of Rs 10 each to 10 shares of Re 1 each. The board has decided to call an extraordinary general meeting of the ... More

Sami Labs plans IPO by 2006-end
THE Bangalore-based Sami Labs Ltd is looking at an initial public offering (IPO) by the end of 2006. Announcing this at a press conference here on Monday, Dr Muhammed Majeed, Chairman, said that though the IPO is likely to be in the end-2006, ... More

Toyota bullish on Innova
WITH BPO an ITES segments offering a new opportunity, Toyota Kirloskar expects its newly launched crossover vehicle, Innova, achieving a higher volume growth. Even with current demand, the multipurpose vehicle was expected to notch up sales of ... More

PERFORMANCE


JCB India sells more machines this year
THE Rs 1,000-crore JCB India Ltd in 2004 sold 5,450 `machines'— construction equipment such as backhoe loaders, loading shovels, tracked excavators and skid steer loaders. This is substantially more than the 3,500-odd units it sold the ... More

INVESTOR PROTECTION


Centre may move CLB again for more directors on Morepen board
NOT satisfied with the Company Law Board (CLB) directive to appoint two Government directors on the board of Morepen Laboratories Ltd, the Centre is weighing with the option of approaching the board again for increasing the Government strength on ... More

PEOPLE


New finance chief for ADA Enterprises
THE Anil D. Ambani Enterprises Group on Tuesday announced yet another high profile recruitment. Mr Ramesh Venkat, earlier Group Chief Financial Officer of Vedanta (Sterlite) in charge of finance, treasury, corporate planning and related ... More
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Top Stories
ONGC may no longer provide interest-free loans to OVL


Infosys to hire 13,500 more, scales up capex

Intel team coming for talks on unit

HSBC group to invest $50.6 m more in India

Centre may move CLB again for more directors on Morepen board

Five commodities emerge top performers in April '05 exports

Shrimp exports fall sharply post-tsunami

India consumed Rs 41,000-cr junk food in 2003

In Focus

BHEL Disinvestment
China's revaluation
Dabhol power regenerated
Tracking the rains
Sethusamudram Canal Project
India Inc's overseas acquisition
More

In Depth

Gender Justice
Simple Economics
Tax Talk
More

Looking back
Jul. 3-Jul. 9
`Acquisitions: Indian cos outperform foreign firms'

Volvo wants to make a big push in India

BHEL bid to build 400-MW power plant in Sudan

Dalmias in talks to buy outsourcing firm in US

Hong Kong co to acquire 20% stake in Karvy Broking

ONGC keen on coal bed methane projects — Shortlists 8 companies for final bidding


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