The Hindu Business Line : Thursday, October 06, 2005

Alpha Medical's health mall at Kolkata
ALPHA Medical Services Pvt Ltd has launched a one-stop shop for all healthcare needs here on Wednesday. Set up at an investment of Rs 4.5 crore, the Alpha Family Health Mall is a four-storied centre that has a polyclinic, a diagnostic centre ... More

UB revamps organisational structure of spirits division
"I intend to integrate the companies in a phased manner that protects the business interests and ensures transparency," said Mr Vijay Mallya. More

Simplex Concrete gets FIPB nod to issue shares to Beethoven
THE Foreign Investment Promotion Board (FIPB) has approved a proposal by construction company Simplex Concrete Piles (India) Ltd to issue 12.85 lakh equity shares to Mauritius-based Beethoven Ltd, for Rs 93.32 crore. The proposal involved issue ... More

INSIGHT

The value of share buybacks
In most cases, buybacks create value because they help improve tax efficiency and prevent managers from investing in the wrong assets or pursuing unwise acquisitions. More

MERGERS & ACQUISITIONS

Matrix Labs completes Docpharma purchase
MATRIX Laboratories Ltd (MLL) has announced on Wednesday that it has acquired 46.5 lakh shares of the Belgium-based Docpharma through Matrix Laboratories NV in the public takeover bid that closed on September 28. Following this, the ... More

Jubilant Organosys buys US clinical research organisation
"The acquisition of Target further enables Jubilant to increase its presence in the US market." More

NEW PROJECTS

Octaga Green in pact with Alfa Laval for distillery project
THE Pune-based Alfa Laval has signed up Octaga Green Power and Sugar Company Ltd (OGPSCL) for erecting a 40,000 litres per day-distillery project in Maharashtra. Talking to press persons, Mr Basab Paul, Managing Director, OGPSCL, said the ... More

Adhunik Metaliks plans Rs 100-cr issue for expansion
ADHUNIK Metaliks Ltd plans to come out with a public issue of Rs 100 crore by end-December to part-finance its Rs 437.36-crore expansion programme involving the manufacture of high auto grade steels at its Rourkela facility. This is in addition ... More

ALLIANCES & JOINT VENTURES

Glenmark close to announcing European tie-up
GLENMARK Pharmaceuticals is close to licensing a European company for developing and marketing its anti-asthma drug, Mr A.S. Mohanty, Director-Domestic Formulations of the company, told Business Line on Wednesday. Glenmark has similar ... More

Empee Hotels in pact with Hilton to manage property
EMPEE Hotels Ltd, part of the Empee Group, has signed an agreement with Hilton International to manage and operate its five-star deluxe property, which is scheduled to open by December 2007. Mr M.P. Purushothaman, Chairman, Empee Group, said ... More

SOCIETY & DEVELOPMENT

BHP Billiton in funding pact with Prasad Eye Institute
THE Australian mining major, BHP Billiton, has launched its Development Foundation for India and announced its first funding agreement with the L.V. Prasad Eye Institute for the setting up of an eye hospital in Bhubaneswar. The Foundation, ... More

DIVERSIFICATION

Realty firm Ittina to foray into animation

According to Nasscom, the global animation market is around $50 billion a year, of which, India will create $1.5 billion by the end of 2006.

The schoolis in talks with universities at Singapore and Germany to offer university programmes. More

OUTLOOK

Sun Pharma aims to go global, but not at cost of domestic needs
THE Mumbai-based Sun Pharmaceutical Industries Ltd plans to train its guns on the US generic drugs market. But international growth will not be at the expense of the local market, according to Mr Dilip Sanghvi, Chairman and Managing ... More

PEOPLE

Sun Pharma CMD Shanghvi is new IPA President
SUN Pharma's Chairman and Managing Director, Mr Dilip S. Shanghvi, is the new president of the Indian Pharmaceutical Alliance (IPA). He succeeds Mr H.F. Khorakiwala of the Wockhardt group. Mr Sudhir Mehta, Chairman of Torrent group, would be ... More

Award for Tehri Hydro CMD
THE Chairman and Managing Director of Tehri Hydro Development Corporation, Mr R.K. Sharma, has been given the `Eminent Engineer Award-2005' for his contribution to hydropower development in the country. The award has been instituted by the ... More

NEW PRODUCTS & SERVICES

Hero Honda launches bike, scooter to tap newer segments
HERO Honda has announced the launch of two products that will allow the company to tap newer segments of the market. The company on Wednesday launched its first scooter `Pleasure', to garner a share of the fast growing gearless scooter market, ... More

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