CORPORATE
ANNOUNCEMENTS
Nicholas Piramal not to sell Roche diagnostic products — To get $22 m for discontinuing the deal
IT may not have come to a logical conclusion, but with a cool Rs 100 crore in the kitty, no one is complaining, it seems. Drug major Nicholas Piramal India Ltd said on Thursday that NPIL and Germany's Roche Diagnostics Gmbh have discontinued ...
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OPEN OFFERS
SEBI exempts Lotus Chocolate promoters from open offer
MUMBAI: SEBI has passed an order granting exemption to Mr Devabhaktuni Durga Prasad acting in concert with Mr Alapati Ramakrishna from making an open offer under the proposed acquisition of shares of Lotus Chocolate Company Ltd. ...
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MERGERS & ACQUISITIONS
Kale board meet on eTravel merger
BANGALORE: Kale Consultants Ltd has informed the BSE that the company board of directors will meet on October 29 to consider and approve the amalgamation of Kale eTravel Technologies Ltd, the wholly-owned subsidiary of the company, into ...
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NEW PROJECTS
Gujarat Ambuja plans captive agro-fuel based power plants
GUJARAT Ambuja Cements Ltd is setting up two captive power plants, a 24 mega-watt plant in Punjab and a 60 MW plant in Gujarat that would run on both coal and agro-based fuels. This would perhaps be the first time that a cement producer is ...
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ALLIANCES & JOINT VENTURES
PR firm Edelman, R&P Management form joint venture
PUBLIC relations firm Edelman and R&P Management Communications Pvt Ltd (R&PMC) have announced a 50:50 joint venture partnership to serve the growing reputation and relationship management needs of Indian companies going global and global ...
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Themis, Gedeon Richter venture gets FIPB nod
THE Gujarat-based Themis Medicare Ltd said on Thursday that it's proposed joint venture with Hungary's Gedeon Richter Ltd has been recently approved by the Foreign Investment Promotion Board. The joint-venture will be named Richter Themis ...
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Maini group forms jt venture with German co
THE Maini group and Diabu Germany have formed a joint venture, Diabu Diamond Tools (India) Pvt Ltd. Maini's facility in Bangalore will cater to the domestic stone processing industry, ceramic industry, concrete and asphalt applications, in ...
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STANDARDS & BENCHMARKS
ISO certification for ONGC plant
THE Oil and Natural Gas Corporation (ONGC's) Tatipaka complex, in the heart of Konaseema near Nagaram in East Godavari district, consisting of two units — GCS & mini refinery, has achieved OHSAS - 18001 certification for Occupational ...
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OUTLOOK
UltraTech Cement to step up exports
ULTRATECH Cement (the erstwhile cement division of Larsen & Toubro) will increase its cement and clinker exports to 4 million tonnes this financial year, up from 3.5 million tonnes during the previous fiscal, said Mr Kumar Mangalam Birla, ...
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Bosch eyes 40 pc in Indian power tools pie
BOSCH Power Tools, a division of the 36.4-billion euro Robert Bosch GmbH, Germany, seeks to capture a 40 per cent share of the power tools market in India by 2006. It will accomplish this through localisation of manufacturing and entry into the ...
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PERFORMANCE
JK Industries export turnover up 23%
J.K. Industries (JKI), manufacturer of JK Tyre, has registered an export turnover of about Rs 400 crore for the year ended September 30, 2004. This represents a 23.08 per cent increase from an export turnover of Rs 325 crore recorded during ...
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Sun Pharma still on the prowl
AFTER having recently acquired three niche brands in the women's healthcare segment, Sun Pharmaceutical Industries Ltd is still on the prowl. "We will continue to look for similar opportunities in businesses where we are not present or where ...
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