CORPORATE
ANNOUNCEMENTS
USFDA approves Granules India facility
GRANULES India Ltd, the Hyderabad-based pharmaceutical company, has announced that the United States Food and Drugs Administration (USFDA) has audited and approved its manufacturing facilities. These include the active pharmaceutical ...
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Orchid's diabetic drug clears Phase I trials in Europe
ORCHID Chemicals & Pharmaceuticals today announced that Bexel Pharmaceutical's (its drug discovery associate) anti-diabetic molecule had cleared Phase I (b) of human trials in Europe. The company's press release said it aims to out-license the ..
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Dr Batra's to open more clinics
AS part of its plan to double its turnover from Rs 25 crore to Rs 50 crore this financial year, Dr Batra's Positive Health Clinic Ltd (DBPHCL) has lined up five new clinics, including one in London taking the total to 25. Announcing this here ...
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Ucal Fuel drops plan to acquire Escorts Auto Components
UCAL Fuel Systems Ltd has dropped its plans to acquire Escorts Auto Components Ltd, the company informed the stock exchanges on Thursday. Last month, Ucal Fuel had announced its plans to acquire the stake held by majority shareholders of ...
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Apollo Tyres may hike prices next month
FACED with pressure on operating profit margins on account of high natural rubber prices and general increase in prices of petroleum-based inputs, the Rs 2,300-crore Apollo Tyres Ltd (ATL) is likely to go in for an upward revision in prices of ...
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Electrolux Kelvinator may not declare itself sick — Hopes for a turnaround soon
ELECTROLUX Kelvinator Ltd (EKL), the Indian arm of the Swedish white goods major, AB Electrolux, is not likely to take shelter under the Sick Industrial Companies (Special Provisions) Act (SICA), 1985. According to Mr Rajeev Karwal, Managing ...
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Tata Motors plans capacity expansion — 'Cost cutting exercise to continue this year'
TATA Motors Ltd plans to have 50 per cent additional production capacity for cars in place by end fiscal 2005. This will increase capacity from the current 140-150,000 cars per annum to 220-225,000 cars per annum, senior officials said at a press ...
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PREFERENTIAL ALLOTMENTS
UB mulls pref shares on rights basis
COURTS/LEGAL ISSUES
Atlas Products restrained from using SALTA trademark
IN a suit for injunction filed by Atlas Cycles (Haryana) Ltd against Atlas Products Private Ltd (APPL), the Delhi High Court has passed an interim order restraining Atlas Products Private Ltd and their distributors and stockists from using the ...
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HUMAN RESOURCES
ICAI recruiting accountants for GE India
A GIANT finance and accounting services outsourcing project appears to be headed towards India, with the Institute of Chartered Accountants of India recruiting accountants in "hundreds and thousands" for GE India. "We have been recently ...
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NEW PROJECTS
Advance Valves sets up joint venture co in UAE
THE Noida-based Advance Valves, which manufactures superior technology valves for the oil and gas industry, has set up a Dirham 1-million joint venture manufacturing facility in Abu Dhabi's industrial suburb to cater to the emerging and stringent ...
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PERFORMANCE
Tata Steel: Cost-trimming boosts profits
THE over 70 per cent growth in Tata Steel's bottomline for 2003-04 has come not just out of the higher price realisations that most steel manufacturers benefited from last year, but also from a strong improvement in productivity and continued ...
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Tata Motors: An exceptional fourth quarter performance
TATA Motors has continued its growth story with an exceptional performance in the fourth quarter. Turnover and earnings before tax and extraordinary items in the January-March 2004 period accounted for 31 and 35 per cent respectively of the ...
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Samsonite, VIP among HPL's clients
HALDIA Petrochemicals Ltd (HPL) has emerged as the sole domestic supplier to major luggage manufacturers such as Samsonite and VIP. According to sources, a special grade of polypropylene (PP) has found favour with the moulded luggage sector ...
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