CORPORATE
ANNOUNCEMENTS
Andrx transfers EMR of cardiovascular drug to Ranbaxy's US arm
US-based Andrx Corporation has decided to transfer its exclusive marketing rights of the generic version of the cardio-vascular drug Monopril HCT to Ranbaxy Pharmaceuticals Inc, the US subsidiary of Ranbaxy Laboratories Ltd. According to a ...
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Welspun-Gujarat bags Rs 500-cr National Iranian Gas order
WELSPUN-Gujarat Stahl Rohren Ltd (WGSRL), the Rs 815-crore submerged arc welded (SAW) pipes manufacturer, has won an order worth Rs 500 crore to supply 69,000 tonnes of coated pipes to the National Iranian Gas Company. "This is the third ...
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Change in MFL book closure
CHENNAI: Madras Fertilisers Ltd (MFL) has announced that the register of members and share transfer books will remain closed from December 24 to 27 (both days inclusive) instead of December 13 to 21 as announced earlier for the annual ...
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BUYBACK
GSK Consumer okays buyback at Rs 370
THE board of directors of GlaxoSmithKline Consumer Healthcare Ltd (GSKCH) has approved the share buyback for up to Rs 123.03 crore, representing 7.33 per cent of the share capital of the company. According to a company statement, this is the ...
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AWARDS & HONOURS
Kerala: Energy conservation awards announced
HINDUSTAN Newsprint, Kottayam, and Cochin Shipyard are among the winners of the Energy Conservation Awards instituted by the State-level Monitoring Committee for Energy Conservation under the State Government. Announcing this here, a spokesman ...
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HUMAN RESOURCES
`Best employers' beat peers on financials: Hewitt study
The `Best Employers' have highly engaged workforce, significantly lower attrition and superior people practices. They, therefore, have the right people working to their potential, in an enabling environment with the right leaders.
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CORPORATE BONDS
Corporates gear up for bond market
THE recent clampdown on the FII investment ceiling in corporate debt notwithstanding, the action in the corporate bonds market is far from over. In fact, bankers are understood to be jittery about the spate of corporate bond issuances lined up ...
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MERGERS & ACQUISITIONS
IFC may fund Tata Steel's NatSteel buy
INTERNATIONAL Finance Corporation, the private finance arm of the World Bank, is likely to part-finance Tata Steel's acquisition of NatSteel Ltd of Singapore. According to reliable sources, IFC is now evaluating the request made by Tata Steel ...
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Bharat Forge buys German firm in all-cash deal
BHARAT Forge Ltd (BFL) today said that it has acquired CDP Aluminiumtechnik GmbH & Co KG (CDP AT), in an all-cash deal. The acquired company, located at Brand-Erbisdorf near Dresden, Germany is a "significant player in Europe" in the area of ...
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Banswara Textile amalgamation
MUMBAI: Banswara Textile Mills Ltd has informed the BSE that the company's board, at its meeting on December 7, has approved the amalgamation of the company with Banswara Syntex Ltd and authorised Mr R.L. Toshniwal, Chairman, Mr Shaleen ...
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NEW PROJECTS
Schwing Stetter set to open second plant near Chennai
SCHWING Stetter (India) is to open its second manufacturing facility near Chennai to make transit mixers for ready-mix concrete following an average growth of 50 per cent in the last five years. The Indian subsidiary of Germany's Schwing ...
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OUTLOOK
Honda Motor mulls synergising India, Thailand operations
HONDA Motor Corporation is mulling a synergy between its Indian and Thai operations in order to capitalise on the free trade agreement between the two countries, a top Honda official said today. "We have been studying the FTA very carefully to ...
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Greaves Cotton hopes to ride on 3-wheeler makers' orders — Rolls out millionth light diesel engine
GREAVES Cotton Ltd, part of the B.M. Thapar group, plans to expand its light diesel engine production facilities through an additional investmentof about Rs 100 crore, according to Mr Karan Thapar, its Chairman. Addressing reporters at the ...
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BPCL sees 6 pc growth in petro product sales
BHARAT Petroleum Corporation Ltd on Friday said petroleum product sales are expected to grow by about 6 per cent this fiscal to over 22 million tonnes from 20.86 million tonnes last fiscal. "Total product sales are likely to increase by 5.5-6 ...
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TRENDS
TCS tops Hewitt's best employer list
INDIAN companies, instead of MNCs, have occupied the first three places in this year's Best Employer in India survey by Hewitt Associates and CNBC TV 18. Leading the way is Tata Consultancy Service (TCS), with Bharti Televentures at second ...
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