The Hindu Business Line : Tuesday, November 11, 2003

BPCL mulls IPO for Numaligarh Refinery
BHARAT Petroleum Corporation Ltd (BPCL) is considering a public issue of equity shares of its subsidiary, Numaligarh Refinery Ltd (NRL), a company source has said. The plan is to dilute part of the 61.5 per cent equity of BPCL in the company. ... More

ONGC cuts wastage by 60 pc through gas flaring — `India, China oil import dependence to go up'
OIL and Natural Gas Corporation Ltd (ONGC) has been able to reduce by 60 per cent the wastage on account of flaring of gas from the offshore fields. Talking to Business Line here after delivering the 7th Prof Hem Chandra Dasgupta ... More

A makeover for Taj group business hotels
KEEPING in tune with the changing needs of the corporate traveller, the Taj Group of Hotels is ushering in changes in its business hotels. The Taj Residency, Bangalore, is the group's first Business Hotel to witness this change, followed soon ... More

Novo Nordisk launches 2 new insulin analogues
NOVO Nordisk India (NNI), the wholly-owned subsidiary of Danish diabetes care company, on Monday launched two insulin analogues — NovoMix 30 and NovoRapid. Insulin analogues are advanced insulin therapies comprising genetically ... More

AWARDS & HONOURS

ECIL bags R&D award
ELECTRONICS Corporation of India Ltd (ECIL) has been chosen for the DSIR National Award for `R&D efforts in the Industry' by Department of Scientific and Industrial Research, Ministry of Science and Technology, Government of India, in the ... More

MERGERS & ACQUISITIONS

Kirloskar acquires stake in UK pump firm
TO increase its revenues from exports, the Pune-based Kirloskar Brothers Ltd (KBL), has acquired certain assets and businesses of the UK-based SPP Pumps Ltd, a part of Thyssen Bornemiscza Group. Talking to presspersons the Chairman and Managing ... More

Gujarat State Petro-GSPL merger on cards
The potential buyers for the GSPL stake at one time comprised Gaz de France, Royal Dutch Shell, British Gas and PSUs like GAIL (India), IOC, BPCL and Kribhco. While the French company had subsequently backed out, GSPL had shortlisted six companies in mid-2002. More

ALLIANCES & JOINT VENTURES

Castlerock in pact with Japan co for Surimi project
COCHIN-BASED Castlerock Fisheries Ltd (CFL) recently entered into a joint venture agreement with Nichirei Corporation of Japan for setting up Surimi project in India. Mr Toshio Aok, General Manager (Marine Product Division), Nichirei ... More

Ganjam pact with Italian brand
BANGALORE: Italy's luxury jewellery brand, Laurentia, has entered India through an exclusive tie-up with Ganjam, a traditional jeweller in Karnataka. The 18-carat jewels priced upwards of Rs 17,000 will be on display at Ganjam by Design ... More

INTERVIEW

AstraZeneca shifting focus to Asia
TWO years ago, AstraZeneca Pharma India Ltd shook off the IDL tag and became a majority-owned subsidiary of AstraZeneca, one of the big 5 in the pharma world. Although the Bangalore-based Rs 136-crore pharma company has quickly consolidated ... More

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