CORPORATE
RESEARCH & DEVELOPMENT
Delays hit clinical trials of India-specific AIDS vaccine
ANOTHER cycle of delays has pushed clinical trials on the India-specific AIDS vaccine being developed by the International Aids Vaccine Initiative (IAVI) to the end of 2004 or early-2005. Even though the project has identified three vaccine ...
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ANNOUNCEMENTS
USFDA clearance for Sun Pharma plants
SUN Pharma's plans for the world's largest generic drugs market, the US, has received a fillip with two of its factories receiving a clearance from the US regulatory authorities. The company's bulk actives plant at Panoli, that manufactures ...
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Balaji Tele to boost regional sponsored programmes
The television software company plans to expand its basket of sponsored programmes on regional channels and gradually derisk the business. During the current quarter, the company launched one show each on Gemini TV (Telugu) and Surya TV ...
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Hewitt to include blue-collar workers in `Best Employer' survey
HEWITT Associates said it would, for the first time, include blue-collar workers while compiling India's `Best Employer' list this year and expected about 250 companies across product segments to participate in this annual survey. Along with ...
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Alstom India bags Renusagar's Rs 70-cr upgrade order
THE Renusagar power division of Hindalco Industries Ltd has entrusted Alstom Projects India Ltd with the task of modernising the boilers of its existing 2X68-MW capacity captive power plant at Renusagar in Uttar Pradesh. The cost of the work will ...
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COMPANY LAW
`Investor protection to be vital part of Companies Act'
``There is no clash (between DCA and SEBI). There is perfect harmony. The main purpose must be achieved and that is to protect the investors.''
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COURTS/LEGAL ISSUES
Bombay HC okays cut in VSNL premium account
INFRASTRUCTURE
Blue Star bags Rs 9-cr order for Delhi airport
MERGERS & ACQUISITIONS
Thermax to buy out minority stake in Babcock joint venture — Sales up at Rs 603.81 cr
THERMAX Ltd on Wednesday said it is in the process of buying out a 40 per cent minority stake from Babcock & Wilcox International Investments (BWII) in its joint venture company, Thermax Babcock & Wilcox Ltd (TBW). Consequently, the venture w
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NEW PROJECTS
Schwing Stetter to double capacity
SCHWING Stetter (India) Pvt Ltd, which produces concrete mixing equipment at its plant at Irungattukottai near here, will invest another Rs 18 crore in doubling its capacity. The company has acquired 10 acres of land just across the road from its ...
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GMR Ind profit up 276 pc; plans Rs 60-cr expansion
BUOYED by the growth of over 276 per cent in profit before tax for the fiscal ended March 31, 2004, at Rs 16.3 crore (Rs 4.33 crore), GMR Industries Ltd, part of the Rs 2,500-crore GMR group, has decided to expand its facilities in the areas of ...
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ALLIANCES & JOINT VENTURES
Orchid inks deal with Par for US marketing
ORCHID Chemicals & Pharmaceuticals on Wednesday announced it had entered into an agreement with the US-based Par Pharmaceuticals to exclusively market its oral cephalosporin formulations in the US. A company press release said the agreement ...
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Abhinav Outsourcing in tie-up with Canadian varsities
ABHINAV Outsourcing, an immigration consultancy firm, has entered into strategic tie-ups with a number of Canadian Universities and colleges for facilitating the entry of Indian students into these institutions. The colleges include Robertson ...
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PERFORMANCE
Suryalakshmi Cotton plans expansion
SURYALAKSHMI Cotton Mills Ltd (SCML) proposes to make a further investment of Rs 50 crore in its spinning and denim divisions for expanding capacities. In a press release here, the company has said the expansion project would enable the company ...
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TRENDS
Pvt firms top in PSU debt placements
THE pecking order of merchant bankers specialising in arranging debt placements by Government companies is changing quickly. SBI Capital Markets, which had not so long ago been near the very top, has occupied a relatively lower rank this time, ...
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