The Hindu Business Line : Friday, August 12, 2005

Ranbaxy's 7 AIDS drugs in WHO pre-qualification list
RANBAXY Laboratories Ltd today said seven of its anti-retrovirals (ARVs) had been included in the World Health Organisation (WHO) pre-qualification list. The step should unlock the ARV supplies and make it easier for developing countries to ... More

Skoda to launch Octavia Combi next month
SKODA Auto India Pvt Ltd plans to launch the Octavia Combi, the station wagon model of the Octavia sedan, next month. This will be followed by the diesel version of the Superb, a luxury car. Mr Imran Hassen, Managing Director, Skoda Auto India, ... More

Sakhalin-1 to pump oil in Oct
THE Sakhalin-1 oil and gas project, in which ONGC-Videsh Ltd (OVL) has equity, will begin production on October 1, a Russian partner company said. "The project is going on schedule and will start pumping oil and gas on October 1," said the ... More

BHEL bags Rs 26-cr order from Ethiopia
BHARAT Heavy Electricals Ltd has bagged a Rs 26-crore order from Ethiopia for setting up 230-kV substations on turnkey basis. The equipment manufacturer outbid Chinese and other multinational companies to bag the project from Ethiopian ... More

INSIGHT

India Inc high on mergers and acquisitions
DEAL activity in the first half of 2005 broke out of the flat trend seen since mid-2002. INDATA recorded 277 deals valued at Rs 261.5 billion ($6 billion) between January and June 2004. H1-04 was a good period for ... More

COURTS/LEGAL ISSUES

CLB order on Birla Corp challenged in Calcutta HC
AN order of the Company Law Board (CLB) dismissing a petition seeking investigation into the affairs of Birla Corporation Ltd (BCL), a company of the M.P. Birla Group, has been challenged in the Calcutta High Court. One Gouri Sankar Kayan, and ... More

MERGERS & ACQUISITIONS

Fortune Brands acquires Teacher's Scotch Whisky
GLOBAL consumer brands company Fortune Brands today said it had acquired the Teacher's Scotch Whisky brand in India. The acquisition has been done through the company's spirits and wine business, Jim Beam Brands Worldwide Inc, the company said ... More

HLL board nod for Vashisti merger
MUMBAI: Hindustan Lever Ltd has got the green signal from its board for the amalgamation of Vashisti Detergents Ltd, its contract manufacturer for soaps and detergents. The company's board has approved the proposal for amalgamation of ... More

Sumitomo to buy 15% in Swaraj Mazda
NEW DELHI: Japan's Sumitomo Corporation plans to acquire 15.62 per cent of commercial vehicle maker Swaraj Mazda Ltd. Sumitomo Corporation has proposed to acquire 16,38,000 shares aggregating 15.62 per cent stake of Swaraj Mazda from Mazda ... More

NEW PROJECTS

IVRCL to set up desalination plant near Chennai
IVRCL Infrastructure & Projects Ltd has bagged a Rs 500-crore contract to set up a sea water desalination plant for the Chennai Metropolitan Water Supply and Sewerage Board. The project, expected to supply drinking water to Chennai, has been ... More

Mounting losses on petro-products sale — IOC puts on hold Paradip refinery and petrochem project
For the entire year, IOC could end up losing over Rs 12,000 crore if it was not allowed to raise petroleum product prices. More

ALLIANCES & JOINT VENTURES

Varun Shipping signs pact to buy 3 LPG carriers
VARUN Shipping on Thursday announced that its wholly-owned subsidiary, VSC International Pte Ltd, Singapore, has signed memorandum of agreements for acquisition of three 1991-built LPG carriers. All the vessels will be delivered between August ... More

Kamdhenu Ispat ties up for Temcore technology
KAMDHENU Ispat Ltd has signed an agreement with the Belgium-based Centre de Recherches Metallurgiques for installing Temcore technology at its plant in Bhiwandi. Announcing the tie-up here on Thursday in a press conference, the Chairman, Mr ... More

EVENTS

AIMA meeting with B-school deans at Coimbatore
THE All India Management Association (AIMA) will hold an interactive meeting with the deans and directors of management/business institutes here tomorrow This will be AIMA's first such meet to be held in the city. The association holds ... More

SOCIETY & DEVELOPMENT

Lifebuoy joins campaigns against diarrhoea in Mumbai
THE residents of Mumbai now have a new challenge to face — prevention of diarrhoea, as an aftermath of the torrential rains. To help combat this situation, Lifebuoy, Hindustan Lever Ltd's (HLL) health soap brand, has announced its support ... More

SICK UNITS

BIFR approves revival schemes for Alind units
THE Board for Industrial and Financial Reconstruction (BIFR) has approved the draft schemes for the revival of the switchgear and relays divisions of the ailing Aluminium Industries Ltd (Alind). The scheme for the Switchgear division, which is ... More

OUTLOOK

Tata Motors hopes to garner 40 pc of SUV market
TATA Motors has targeted a 25 per cent rise in the sales of the Tata Safari SUV in the current fiscal. Last year, the company sold around 3,500 units of the Tata Safari at an average price of Rs 8 lakh per unit. Turnover increase from sales of ... More

Philips to focus on medical systems, sees 25% growth
PHILIPS India Ltd hopes to carve out a substantial share in the Rs 1,500 crore medical equipments market. Currently, it has 17-18 per cent market share, and expects to grow 25 per cent annually. Mr K. Ramachandran, CEO, Philips India, told ... More

Shortage in steel supply may pose problems for BHEL
WHEN Tata Power's 120 MW Jojobera Unit IV goes on stream in October, power equipment supplier BHEL will rejoice for having done the project in a record time of 24 months. But the problem with records is that they set a new benchmark even for the ... More

Electrolux to ride on Videocon's strengths
The company is likely to post an operating profit by end of this year, compared with a loss of Rs 66 crore last year. More

Parryware targets 40% growth in turnover
THE Parryware division of EID-Parry (India) Ltd has targeted a 40 per cent growth in turnover in the current fiscal. In 2004-05, the division accounted for Rs 196-crore turnover, according to Mr K.E. Ranganathan, CEO of Parryware. At a press ... More

GET Lionel eyes Rs 350-cr turnover
HYDERABAD: GET Lionel India, a K.K. Birla Group travel company, has set a turnover target of Rs 350 crore by the end of 2008-09. The company, which recorded a turnover of Rs 75 crore during 2004-05, hoped to achieve Rs 110 crore during ... More

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