CORPORATE
ANNOUNCEMENTS
Avesthagen to make osteoporosis product with Danish partner
THE Bangalore-based biotech company Avestha Gengraine Technologies has announced that it would jointly develop a nutraceutical for osteoporosis treatment jointly with Danish research major CCBR. Avesthagen, along with the Centre for Clinical & .
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MTR Foods to allot equity to Magnus Cap
MTR Foods Ltd plans to allot equity shares in favour of the Mauritius-based venture capital fund Magnus Capital. The issue is likely to be about four lakh equity shares of Rs 10 each. The ready-to-eat foods company has, however, denied that it ...
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Shasun to buy water from Chemfab Alkalies
SHASUN Chemicals and Drugs Ltd has agreed to buy 500 cubic metres of water a day from Chemfab Alkalies Ltd. The agreement will take effect once Chemfab Alkalies' desalination plant goes on stream. Chemfab Alkalies has received the in-principle ...
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COMPANY LAW
`Co Secretaries must have strategic vision to meet global challenges'
THE Minister of State for Company Affairs (Independent Charge), Mr Prem Chand Gupta, on Friday said that company secretaries (CS) need to have a strategic vision to emerge as disciplined professionals offering globally competitive services to ...
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FINANCIAL PERFORMANCE
NCL Industries Q2 net, turnover up
HYDERABAD: NCL Industries Ltd has posted a turnover of Rs 24.83 crore and a net profit of Rs 2.12 crore during the second quarter of the current fiscal as against a turnover of Rs 14.63 crore and a loss of Rs 1.06 crore in the ...
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NEW PROJECTS
Gujarat Alkalies plans Rs 200-cr expansion
STATE-owned Gujarat Alkalies and Chemicals Ltd (GACL) has lined up fresh investments of over Rs 200 crore for a brownfield expansion of its caustic soda plant at Dahej and a new hydrogen peroxide manufacturing unit. The company's board, which ...
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OUTLOOK
Simplex Concrete sees opportunity in rising oil prices
THE surging global oil prices may be causing a widespread trepidation across different sectors, but there is at least one sector that views this trend as an emerging business opportunity. The Indian construction industry feels that this could ...
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