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Wednesday, February 23, 2005

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ANNOUNCEMENTS


Syngene plans to set up another research centre
AFTER opening a research centre in the second half of this fiscal, Syngene, a wholly-owned subsidiary of Biocon Ltd, plans to open another such facility. Mr Goutam Das, COO, told Business Line that the new research facility would come up ... More

Mahindra launches CRDe-fitted Scorpio
MAHINDRA & Mahindra Ltd (M&M) on Tuesday launched its Common Rail Diesel Engine (CRDEe) fitted-Scorpio, which conforms to BS III emission norms. The 2.6 Turbo CRDE will cost Rs 6.83-7.93 lakh (ex-showroom) in Delhi. The vehicle will initiall More

Escorts starts production of engines for diesel gensets
ESCORTS Ltd — Agri Machinery Group (AMG), a leading tractor manufacturer, on Tuesday announced that owing to the rapidly evolving market and the growing demand, the company has started production of technologically enhanced engines for ... More

OPEN OFFERS


Mallya to make open offer for 25 pc of SWC at Rs 250/share
The offer would entail a commitment of Rs 300 crore. More

MERGERS & ACQUISITIONS


Mitsubishi Heavy to acquire SRP Tools
MITSUBISHI Heavy Industries Ltd (MHI) of Japan will acquire the Chennai-based SRP Tools Ltd, a gear-cutting tool manufacturer. With this, MHI will form a new company tentatively named Mitsubishi Heavy Industries India Precision Tools Ltd, ... More

NEW PROJECTS


GSK Biologicals to set up vaccines facility in Nashik
GLAXOSMITHKLINE Biologicals (GSKB) plans to manufacture vaccines at its planned facility in Nashik, Maharashtra. Till date vaccines for the Indian market are developed, produced, filled and packaged at the company's vaccines headquarters in ... More

Visaka to set up fibre cement sheet plant in UP
WITH the successful completion of its Tumkur unit in Karnataka, Visaka Industries Ltd is setting up another 1.2 lakh tonnes per annum (tpa) fibre cement sheet plant in Rai Bareilly district of Uttar Pradesh at a cost of Rs 25 crore. The new ... More

REGULATORY BODIES & RULINGS


Auditors of vanishing cos come under MCA lens
STATUTORY auditors of companies that had raised public funds and vanished have come under the lens of the Ministry of Company Affairs (MCA) for possible collusion with promoters. "We have asked our regional offices to enquire into the role of ... More

ALLIANCES & JOINT VENTURES


GAIL forms jt venture with China Gas
GAIL (India) Ltd and the Hong Kong stock exchange-listed China Gas Holdings Ltd have agreed to forge a strategic cooperative partnership by forming a 50:50 joint venture to undertake projects in China, India and other countries. The decision ... More

Torrent, AstraZeneca in research tie-up
AHMEDABAD: The Ahmedabad-based Torrent Pharmaceuticals Ltd has tied up with AstraZeneca for research aimed at discovering a drug for the treatment of hypertension. Under the agreement, the Rs 513-crore Torrent and AstraZeneca will fund ... More

Avestha ties up with US co Sequenom
AVESTHA Gengraine Technologies P Ltd has announced a research collaboration with US-based genetics major Sequenom Inc, to jointly analyse Sequenom's proprietary panels of genetic markers to study diabetes, breast and lung cancers in Indian ... More

BONUS ANNOUNCEMENTS


Geodesic bonus issue
MUMBAI: Geodesic Information Systems Ltd, a Mumbai-based messaging software firm, has informed the BSE that its board meeting, scheduled for Monday, will consider allotting 1:1 bonus shares to its shareholders as of February 25, as ... More

SICK UNITS


Govt to consider Dunlop plan to use building sale proceeds
THE Union Labour Minister, Mr C.S. Chandrashekhar Rao, has agreed to consider Dunlop India management's proposal to use Rs 10.7 crore which the company accrued by sale of its head office building in the city. The money will be spent to pay out ... More

OUTLOOK


ONGC to pump in Rs 2,800 cr in Bassein field
Oil and Natural Gas Corporation Ltd (ONGC) is now considering a Rs 2,800-crore additional development plan for the Bassein gas field. Though witnessing a drop in production after being operational for over 20 years, Bassein is now producing ... More

Hikal set to unveil two blockbuster drugs in US
HIKAL Ltd, the Mumbai-based Rs 167-crore pharmaceutical and agrochemicals major, is all set to aggressively the tap the US market with the launch of two blockbuster drugs for which the company has already obtained USFDA approvals. "We hope to ... More

ITC Paperboards eyes growth through backward linkages
ITC Paperboards & Specialty Papers Division (PSPD), having absorbed a total investment of Rs 750 crore in the last two years, particularly on paperboards business, is now looking at growth options through backward fibre linkages. Market ... More


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Top Stories
GSK Biologicals to set up vaccines facility in Nashik


`Autonomy move pleasant surprise'

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In Focus

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In Depth

Gender Justice
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Looking back
Feb. 13-Feb. 19
Serious fraud office moves court against Daewoo Motors India

Glenmark Labs plans to enter Australia, NZ, Brazil

Disqualification of directors: Format of auditor's certificate amended


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