CORPORATE
ANNOUNCEMENTS
Baxter India cuts dialysis fluid prices
BAXTER India (Pvt) Ltd has announced a 12 per cent cut in the price of its `Peritoneal Dialysis' fluids used in the treatment of kidney related ailments. The prices of the 2-litre twin bag system have been dropped to Rs 145 per bag from Rs 165 ...
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European foray planned for Kinetic Nova
KINETIC Motor Company has drawn up plans to enter the European markets with its four-stroke scooter, Kinetic Nova. According to the company, the Nova has successfully completed all homologation requirements for European countries and the first ...
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OVERSEAS BORROWINGS
Orchid Chemicals to raise $75 m through bond issue
ORCHID Chemicals & Pharmaceuticals on Tuesday announced that its governing board approved a plan to raise up to $75 million through the issue of foreign currency convertible bonds to fund long-term growth. The board also increased the ...
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CORPORATE BONDS
Lupin gets A1 rating for short-term debt programme
ICRA has assigned an `A1' rating to Lupin Ltd's Rs 40-crore short-term debt programme (including commercial paper). Indicating the highest safety in the short term, the rating takes into account Lupin's thrust on research and development (R&D), .
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MERGERS & ACQUISITIONS
Amtek Auto to acquire UK firm for £5 m
THE auto components company, Amtek Auto Ltd, has decided to acquire 100 per cent equity stake of the holding company of the UK-based GWK Group Ltd by investing £5 million (approximately Rs 41 crore) subject to the approval of Reserve Bank of ...
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NEW PROJECTS
ONGC to expand MRPL capacity by another 3 mt
ONGC plans to invest close to Rs 2,000 crore for adding another three million tonnes refining capacity to its 9.69-mt Mangalore refinery. The move will help ONGC, which holds 71.6 per cent stake in Mangalore Refinery and Petrochemicals Ltd ...
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ALLIANCES & JOINT VENTURES
Plastro Plasson tie-up with Punjab co for drip irrigation
PLASTRO Plasson Industries (India) Ltd (PPIIL), a Finolex group joint venture with Israel's Plastro Plasson, has entered into a five-year tie-up with Punjab Agriculture Food Parks Ltd (PAFPL) to strengthen supplies and installation of drip ...
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OUTLOOK
Maruti still bets on the 800 model to drive growth
THE country's largest carmaker Maruti Udyog Ltd (MUL) said here on Tuesday its best-selling entry level model, the Maruti 800, will continue to be its volume driver since sales continued to be encouraging. The company, which grew this year at ...
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Unichem charts roadmap to move into big league
WHEN Dr P.A. Mody, Chairman and Managing Director of Unichem Laboratories, says "we are in fact running out of capacity", it still does not prepare one for the scale of the Mumbai-based company's growth plans. In an effort to catapult itself ...
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PEOPLE
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