The Hindu Business Line : Friday, June 30, 2006

ICI India to sell uniqema biz
ICI India Ltd on Thursday said it would sell its uniqema business to UK-based Croda International for Rs 260 crore. The sale will include the transfer of a portion of its factory based in Thane, along with 200 employees and will be completed ... More

MERGERS & ACQUISITIONS
ChrysCapital picks up stake in Parksons
Parksons Packaging, a leading manufacturer and exporter of printed and laminated folding cartons, has received Rs 50 crore in private equity investment from ChrysCapital in return for a minority stake. The company will use the proceeds to fund ... More

IOC hopes to complete IBP merger by Dec
IOC to meet Dept of Company Affairs soon More

REPORTER'S DIARY
Hard-selling the steel deal
Mittal Steel's deal with Arcelor was not just sweet talk and the smell of money — a lot of hard work had gone into convince the men who matter that a Mittal-Arcelor tie-up would be much more productive than an Arcelor-Severstal deal, which ... More

NEW PROJECTS
Cane wars reach flashpoint
Bajaj Hindusthan and Balrampur Chini scramble for control in eastern, central UP More

Tata team in TN; holds talks
A delegation of senior executives from the Tata group on Thursday held discussions with the Tamil Nadu Government officials on investment opportunities for the group in the State. Mr R.K. Krishna Kumar, Director, Tata Sons, ... More

Kesoram increases borrowing limit to Rs 2,000 cr
Funds for cement, tyre units' expansion More

ALLIANCES & JOINT VENTURES
GE Healthcare ties up with Manipal Health
Data from IDC to be part of worldwide clinical trials More

Vascon Engineers inks pact with HI-REF
Currently has operations in Mumbai, Goa, HP More

Marriot pact with Unitech
Hospitality major Marriott International on Thursday announced it has entered into a long-term agreement with subsidiaries of Unitech Ltd to manage three Courtyard-branded hotels here. In a statement, Marriott said while the ... More

DIVERSIFICATION
Praj Ind plans industrial biotech foray
Pune-based Praj Industries Ltd (PIL) is enhancing its R&D capabilities and chalking out a Rs 20-crore expansion plan, including entry into the industrial biotech space. The company's blueprint for R&D expansion is expected to be ready in thre More

Bhagyanagar to set up IT park
Bhagyanagar Metals Ltd has informed BSE that the company has entered into an agreement for purchase of 25 acres of land for a total value of Rs 118 crore for development of IT park/housing township. This site is located near Hitech City, ... More

STANDARDS & BENCHMARKS
Aurobindo gets USFDA nod for Stavudine
Aurobindo Pharma Ltd has announced that it has received tentative approval from the US Food and Drug Administration (USFDA) for Stavudine capsules in 15 mg and 20 mg dosages. In a press release here on Thursday, the company ... More

OUTLOOK
KPMG to expand Indian operations
Shifting its focus towards advisory services More

GM to roll out mini car Chevrolet Spark next year
No decision yet on second plant; launches new sports car More

B.K. Birla group not drawing up long-term plans
B.K. Birla scotches rumours of stepping down More

Finolex Ind to invest in captive power plant
Board recommends 30 pc dividend for 2005-06 More

Eight O'Clock coffee brand for Russia
Tata Coffee plans to sell its instant coffees under the recently acquired Eight O'Clock brand in the Russian and Ukraine market early next year. The company exports about 5,000 tonnes of instant coffee mainly to these countries. ... More

PERFORMANCE
IOC against further dilution of stake in ONGC
Plans to tap bond market to raise funds More

Jain Irrigation net profit doubles
Aims 30-50 pc topline growth this fiscal; moots 18% dividend More

PEOPLE
Nicholas Piramal recasts board
There has been a change in the erstwhile 12-member-board of drug-maker Nicholas Piramal India Ltd (NPIL), reflecting the streamlining of businesses in the Piramal family. Ms Urvi A. Piramal, a family member who has been on the board of NPIL ... More

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