CORPORATE
RESEARCH & DEVELOPMENT
Trial of prostate drug stopped — Schwarz move may impact Ranbaxy deal
RANBAXY Laboratories Ltd's out-licensing research deal has hit a roadblock after Schwarz Pharma AG of Germany decided to discontinue the clinical Phase II trials of the molecule RBx 2258 - Pamirosin (SPM969) for the treatment of benign prostate ...
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ANNOUNCEMENTS
Leyland hopes to earn Rs 5 cr on rate arbitrage
The company raised $100 million in April through an issue of foreign currency convertible bonds. The bonds carry an interest rate of 0.5 per cent. The money was for financing the company's expansion project. Since the money will be brought into ...
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Amway launches dietary supplement
AMWAY India Enterprises has launched Nutrilite Natural B dietary supplement with seven B vitamins (B1, B2, B3, B5, B6, folic acid and B12), Inosotol and para-amino-benzoic-acid (PABA) derived from naturally converted yeast. With this launch, the ...
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Hindustan Paper observes vigilance awareness week
PREFERENTIAL ALLOTMENTS
Zodiac board okays pref issue
RESTRUCTURING
Bhuwalka Steel to revamp operations; to sell Lankan unit
SECONDARY steel maker Bhuwalka Steel is close to finding a buyer for its plant in Sri Lanka even as the company has decided to restructure its entire operations in India. "We are close to finding a buyer and we should be able to wrap up the ...
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MERGERS & ACQUISITIONS
Management buy-outs gaining ground in India
MANAGEMENT buy-outs (MBOs) may not exactly be the rage in India, unlike the West where MBOs have a much better success rate than strategic buy-out deals. The concept, though, is fast gaining favour here, with a flurry of big-ticket foreign ...
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Firstcall to take equity stake in Nandan Biomatrix
THE Mumbai-based Firstcall India Equity Advisors Pvt Ltd (FIEA) is taking an equity stake in the Hyderabad-based medicinal biotech company Nandan Biomatrix Ltd, formerly known as Nandan Agro Farms Pvt Ltd. Nandan has embarked on a Rs 22.5-crore ...
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NEW PROJECTS
Banswara to set up cotton plant
DIVERSIFICATION
Kores plans foray into consumer electronics market
AFTER establishing its presence in the office supplies sector, Kores is now looking for making a foray into the consumer electronics market. The company has unveiled a line-up of Plasma TVs, LCD TVs, DVD players and home theatre systems, which ...
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TRENDS
`Indian cos must follow US model in globalisation'
"GLOBALISATION is different from exports. It requires a lot more commitment, investment and building brands in the market," according to Mr Jay Galla, Executive Director, Amara Raja Batteries. He was one of the panelists at a talk on `Market ...
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