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Saturday, February 12, 2005

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RESEARCH & DEVELOPMENT


Altana Pharma to set up R&D centre in Mumbai
THE German pharmaceutical major, Altana Pharma, has chalked out a plan to set up its own Research & Development Centre in India, focussing on medicinal chemistry to begin with, the Managing Director of its Indian subsidiary, Dr Volker Figala, ... More

Manipal Group to invest Rs 45 cr in biotech research
MANIPAL Acunova, promoted by the Manipal Group, is investing Rs 45 crore to position itself as a biotech and clinical research company and branch into stem cell research. "We have mobilised Rs 18 crore and will bring the rest from private ... More

ANNOUNCEMENTS


BEL signs $1.6-m deal with Suriname
BHARAT Electronics Ltd on Friday signed a contract with the Government of Suriname for the supply of defence communication equipment and night vision devices worth $1.6 million (approx. Rs 7 crore). Three months ago, BEL had signed a contract ... More

Southern Online gets German funding for biodiesel project
SOUTHERN Online Bio Technologies Ltd, the city-based information technology and biotechnology services provider, has announced that it has received approval for a grant of euro 3,80,000 (Rs 2 crore) in support of the proposed biodiesel ... More

Jindal merged co interim
MUMBAI: The board of the merged entity of Jindal Iron and Steel Company (Jisco) and Jindal Vijaynagar Steel Ltd (JVSL) has declared an interim dividend of 30 per cent. Following the merger and good performance of the merged entity for ... More

Rajesh Exports bags new order
MUMBAI: RAJESH Exports Ltd has received a Rs 146-crore order for supplying studded gold jewellery to Gold Star, a dominant player in the Singapore market. As per the terms of agreement, this order has to be executed over three ... More

  • Correction

    AWARDS & HONOURS


  • Award to Amarchand Mangaldas

    IPR


    Patent infringement suit — Matrix Labs set to get Rs 95-cr settlement
    MATRIX Laboratories Ltd (MLL), the Hyderabad-based pharmaceutical major, has informed the stock exchanges on Friday that it would be receiving an estimated lumpsum consideration of Rs 95 crore towards the settlement of a potential patent ... More

    HUMAN RESOURCES


    Jumbo reassures SWC staff over management change — Offers time-bound protection
    SHAW Wallace & Co (SWC) employees received an internal circular alerting and assuring them about their future prospects in the event of a change in management, even as the company awaits the outcome of the sale process, which is in the final ... More

    Bombardier to hire 350 engineers
    BOMBARDIER Transportation plans to hire about 350 engineers for its Hyderabad-based design centre and take the total staff strength to 600 by 2006. "By the end of this year, we plan to have about 300 engineers at the Hyderabad centre, up from ... More

    RESTRUCTURING


    Tata Tea to transfer 17 estates — Begins exiting plantation biz; workers to be stakeholders
    TATA Tea Ltd (TTL), often described as the world's biggest integrated tea company, has begun the process of withdrawal from the plantation business, with its board today approving the transfer of 17 tea estates in South India to a new company ... More

    NEW PROJECTS


    Royal Classic plans Bt cotton contract farming
    ROYAL Classic Mills of the Tirupur-based Royal group, a leading knitwear exporter, plans to launch a cotton contract farming programme. The company is investing about Rs 50 crore to set up cotton processing facilities and a wind farm, aimed at ... More

    ALLIANCES & JOINT VENTURES


    Suven Life ties up with US co
    HYDERABAD: Suven Life Sciences Ltd (SLSL) has announced that it has entered into a contract research agreement with a US-based company. In a release here on Thursday, the company said it has embarked on drug discovery and development ... More

    DIVERSIFICATION


    Venkateshwara Hatcheries forays into wheat flour market
    THE Pune-based Venkateshwara Hatcheries (VH) group is making a debut into the rapidly expanding market of branded wheat flour and pulses. Uttara Foods and Feeds Pvt Ltd, a VH group company, will process and market the products under the brand ... More

    SICK UNITS


    BIFR scheme for rehabilitation of Alind Relays
    THE Board for Industrial and Financial Reconstruction (BIFR) has prepared a draft rehabilitation scheme for the revival of the Relays division of the ailing Aluminium Industries Ltd (Alind). The scheme has been worked out in the wake of a ... More

    OUTLOOK


    Auto paints: Goodlass Nerolac weathering a difficult time
    GROWTH amidst tough times continues to be the theme in automobile paints for Goodlass Nerolac Paints Ltd (GNP), market leader in the segment. The company's acrylic cathodic electro deposition (CED) primer, has grown to be a Rs 50-crore - Rs ... More

    HLL to focus on topline growth
    HINDUSTAN Lever Ltd (HLL), faced with flat sales growth and higher input costs, has said that its key agenda going forward will be to drive topline growth. "We are focused on brand relevance and strategic pricing. With brand rationalisation and ... More

    PERFORMANCE


    Laundry, shampoo to drive Hind Lever profit in near term
    AGGRESSIVE pricing and higher investment have helped Hindustan Lever defend its market position against the onslaught of competition in conventional businesses such as laundry and shampoos over 2004. But HLL will continue to lean heavily on ... More

    ECONOMIC OFFENCES


    `Payments' to Govt officials — Panel probing Xerox Modi to meet this month-end
    THE inter-ministerial group set up to examine whether Xerox Modicorp Ltd is guilty of siphoning off funds or indulged in making `improper payments' to Government officials for securing high-value orders is set to hold its first meeting by the ... More
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