CORPORATE
RESEARCH & DEVELOPMENT
Novartis research centre: It's a toss-up between India, China
THE Chinese Dragon is set to give India some serious competition in terms of being an attractive Asian location for Swiss pharma major Novartis's third research centre. "Do we want an Asian research centre? Yes. Do you (India) have a chance? ...
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ANNOUNCEMENTS
FFE Minerals bags Rs 358-cr order from Vedanta
FFE Minerals India Pvt Ltd said on Tuesday that it bagged a Rs 358-crore order from the Vedanta group to supply technology and equipment for its alumina project in Orissa. The project is scheduled to begin production in the first quarter of ...
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CORPORATE DISPUTES
Mukesh says CMD is final authority — Reliance director Bhakta resigns
THE Reliance controversy deepened today with the Chairman and Managing Director of Reliance Industries Ltd, Mr Mukesh Ambani, telling his employees who was in the driver's seat at Reliance. In his statement that was e-mailed to over 80,000 ...
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OVERSEAS BORROWINGS
Chamber urges Govt to restore tax benefit on ECB interest payments
IN a bid to help corporates to raise external commercial borrowings (ECBs) to go global, the Associated Chambers of Commerce & Industry of India (Assocham) has urged the Government to allow them to avail of 100 per cent tax exemptions on ...
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OUTSOURCING
SRL Ranbaxy concludes pathological trials for 2 foreign hospitals
SRL Ranbaxy recently completed pathological trials for two foreign hospitals - one each in the UK and West Asia - as part of its initiative to get hospitals abroad to outsource work to India. Speaking on the sidelines of a FICCI ...
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AWARDS & HONOURS
Salem Steel Plant gets award for QMS
COIMBATORE: Salem Steel Plant has been awarded the Indian Institute of Metals' (IIM) best plant quality management system/quality image award for 2004. The award for the plant was given under the pig iron/DR/major re-rolling units ...
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HUMAN RESOURCES
Samsung to double India workforce
NEW DELHI: Samsung on Tuesday said it plans to expand its research and development (R&D) operations in India by doubling the headcount in the existing centres of Bangalore and Noida, over the next three years. "We have 700 people in our ...
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NEW PROJECTS
Indian Hotels plans resort in Munnar
INDIAN Hotels Company Ltd (IHCL), which operates the Taj and indiOne hotel chains, is planning to build a luxury resort at Munnar. The company is awaiting State Government's clearance to launch the project, said a senior company executive. ...
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ACC to invest Rs 370 cr to expand capacity
CEMENT major ACC said on Tuesday that it is investing around Rs 370 crore to increase its capacity to 20 million tonnes during the first half of next year. The Executive Director, Mr Ashok K. Jain, told newspersons that the company would invest ...
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Steelbird plans expansion
HYDERABAD: With more and more States likely to make helmets a must for two-wheeler riders, Steelbird Hi-Tech India Ltd, a leading helmet manufacturer in the organised sector, has decided to go on a three-phased expansion drive that would ...
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ALLIANCES & JOINT VENTURES
BoI loan to buy Greaves tillers
GREAVES Cotton Ltd has tied up with Bank of India (BoI) to provide finance to Greaves power tillers and jointly launched the "BoI Greaves farm mechanisation (power tiller) scheme". The scheme is targeted at small, marginal farmers and traders ...
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Zydus Cadila in pact with Italian group
THE Gujarat-based Zydus Cadila has signed a memorandum of understanding with Italy's Zambon group for collaboration in several segments, including R&D. The agreement spans a range of activities in the pharmaceutical segment including contract ...
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TNPL to buy hardwood from TAFCORN
TAMIL Nadu Newsprint and Papers Ltd has entered into a long-term agreement with the Tamil Nadu Forest Corporation (TAFCORN) to purchase over 70 per cent of TAFCORN's output of hardwood. The agreement is a key step in launching its Mill ...
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Matrix Labs firms up profit sharing pact with US firms
HAVING successfully completed the process of merging three companies with it, roping in of foreign equity investors for over 40 per cent equity and rewarding the shareholders with a 1:1 bonus issue recently, Matrix Laboratories Ltd (MLL) has ...
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