The Hindu Business Line : Saturday, November 29, 2003

Lombardini plans R&D unit in India
ENGINE manufacturing company, Lombardini S.R.I of Italy, which has a 100 per cent subsidiary in India, is planning to invest $10-12 million in India over the next 3-4 years towards setting up a research and development centre. The company has ... More

ANNOUNCEMENTS

GEAC allegations over Shankinase — Shantha Bio says it followed procedures
SHANTHA Biotechnics Pvt Ltd on Friday asserted that it has followed full regulatory procedures as specified by the Department of Biotechnology (DBT) in getting its recombinant clot-buster drug - Shankinase - approved for clinical trials and ... More

Glenmark introduces cardiac drug in Canada
GLENMARK Pharmaceuticals, an R&D-based pharma company with presence in both the formulations and bulk drugs sector, has commenced supply of Amiodarone, a new general bulk drug in the cardiac segment, to the Canadian market. The company expects ... More

Piaggio to use Baramati plant for exports
ITALIAN auto maker Piaggio said today that it plans to manufacture up to 50 per cent of its volume requirements of the new four-wheeler, slated to be launched for the European market in 2004, in its Indian factory in Baramati in Maharashtra. ... More

Ventura Textiles plans to delist from 3 SEs
VENTURA Textiles Corporation Ltd has informed the Bombay Stock Exchange that its board, in its meeting held on Thursday, had recommended, subject to the approval of members, the voluntary delisting of the company's shares from the Ahmedabad, ... More

Aventis scheme

Zenith informs BSE on delist of shares

OPEN OFFERS

Ashika offer for shares in Gandhidham Spinning
ASHIKA Capital Ltd, manager to the offer on behalf of Mr Parasmal Munilal Jain, Mrs Kamaladevi Parasmal Jain, Mr Pradeep Parasmal Jain, Mr Sandeep Parasmal Jain, Sukhraj Amarchand Singhvi, Mr Babulal Amarchand Singhvi, Mr Ashokkumar Amarchand ... More

COMPANY LAW

Qualified Co. Secys in small towns — DCA urged to review decision
THE Institute of Company Secretaries of India (ICSI) has urged the Department of Company Affairs (DCA) to reconsider its recent amendments that exclude companies located in smaller places from the services of a qualified company secretary (CS) ... More

RESTRUCTURING

Merven board meet to clear reverse merger
MERVEN Drug Products Ltd (MDPL), currently under the purview of the Board for Industrial and Financial Reconstruction (BIFR), has on Friday informed the stock exchanges that the meeting of its Board of Directors would be held on December 8 to ... More

MERGERS & ACQUISITIONS

Tata Motors not keen on Ssangyong stake
On two previous occasions, Ssangyong products were reported as India-bound, both through a likely tie-up with domestic utility vehicles major Mahindra & Mahindra Ltd (M&M). More

Suven board to consider merger of subsidiary
SUVEN Pharmaceuticals Ltd has informed the stock exchanges that a meeting of its board of directors would be held on December 4 to consider the merger of its subsidiary — Suven Synthesis Ltd — into the company. The board would also ... More

NEW PROJECTS

Polyplex board okays PET film line
POLYPLEX Corporation Ltd has informed the BSE that the company's board of directors, in a meeting held on November 27, approved the setting up of a Polyester film line with a capacity of 24,000 m.t per annum at its existing plant site at ... More

ALLIANCES & JOINT VENTURES

Nicholas Piramal in pact with global majors
NICHOLAS Piramal India Ltd has announced marketing tie-ups with Biogen Idec, France, and Chiese Farmaceutici, Italy, as part of its plans to increase the existing product line. "The tie-up will help us to bring new therapies to the Indian ... More

Matrix to set up 2 joint ventures with German co
MATRIX Laboratories Ltd (MLL) has decided to set up two joint ventures with German collaboration, one in India and the other in Ireland. The Hyderabad-based pharmaceutical company informed the stock exchanges that its board has approved the ... More

Abhishek Ind ties up with L&T for towel project construction
ABHISHEK Industries Ltd has informed the Bombay Stock Exchange that it has entered into a contract with Larsen & Toubro Ltd to carry out the construction of its terry towel expansion project, the civil works of which has already started. The ... More

INTERVIEW

`FACT banks on timely fiscal relief for revival' — Plans EGM on Dec 30 to discuss net worth erosion
FERTILISERS and Chemicals Travancore Ltd (FACT) in Kerala could turn into a profit-making company if timely fiscal reliefs are provided and disinvestment is not the only solution to revive it, according to its Chairman- cum-Managing Director ... More

`Pharma packaging heightens brand awareness'
IN tandem with the growth of the Indian pharmaceutical industry, the pharma packaging industry is also growing at a fast clip. Entry of new players and introduction of new technologies have changed the face of the industry. And with new drugs and ... More

OUTLOOK

Hyundai India to launch another Accent variant — Plans major export push for engines next year
HYUNDAI Motor India plans to launch another variant of its mid-size Accent - a CRDi (Common Rail Direct Injection) fitted Accent Viva, the five-door car. The launch is expected in the next couple of months and with this, the number of Accent ... More

Brother group hopes to exploit garment export boom
THE Singapore-based Brother International, which sells industrial sewing machines in India, expects to cash in on the growth of garment exports. In 2005 the quotas for garments will be gone, and Brother expects India to do well in garment ... More

Inlingua bullish on India; targets Rs 300-cr turnover in 5 years
JURG Heiniger, President of the $300-million Inlingua International, a Switzerland-based language training company, is bullish on India with the opening of their second centre in Delhi. The company is currently in talks with "several right ... More

PEOPLE

Aventis Pharma gets new MD
THE board of directors of Aventis Pharma Ltd has informed the BSE of the appointment of Mr Alexandre de Carvalho as the Managing Director of the company. The decision was taken at the board meeting held on Thursday, the company said in a ... More

Scoreboard
SE Diary

Comments & Letters to the Editor to: bleditor@thehindu.co.in
Subscribe to: Business Line