The Hindu Business Line : Friday, February 17, 2006

Dr Reddy's buys German co Betapharm for Rs 2,250 cr — Biggest overseas acquisition by an Indian pharma co
DR REDDY'S Laboratories has acquired the fourth-largest German generic drug maker Betapharm Arzneimittel GmbH for euro 480 million (approximately Rs 2,550 crore). The Hyderabad-based company has signed a definitive agreement with 3i, the ... More

Govt's 49 pc stake in Balco valued at Rs 843 crore
THE much-awaited valuation of the residual 49 per cent Government stake in Bharat Aluminium Company Ltd (Balco) has been finally completed by the SBI Capital Markets Ltd. According sources in SBI Capital Markets, the company in its report ... More

DoT favours ADC at 2.5 pc of operators' annual revenue — Move may lead to cheaper domestic calls
IN A bid to pave the way for private telecom operators to lower domestic call rates further, the Department of Telecom (DoT) has asked the Telecom Regulatory Authority of India (TRAI) to consider pegging the Access Deficit Charge (ADC) between 2 ... More

Govt to focus on infrastructure: Kalam
On increasing FDI flows, the President said that the UPA Government has already taken steps to remove `outdated restrictions'. More

Tea sector in high spirits on export demand
IF Mr B.M. Khaitan, Chairman, McLeod Russel, is to be believed, the tea industry could be in for a party over the next 3-4 years. For now, at least, a rising trend in tea prices is confirming his assessment. For example, at the Kochi tea ... More

Pvt operators entry in Rly container sector — Container movement likely to shift from road to rail
A SIGNIFICANT slice of containerised cargo movement in India is expected to shift from road to rail, in the light of the encouraging response from private players to the invitation of Indian Railways to enter this sector. It was so far ... More

Equity funds line up dividends
WITH the financial year coming to a close, equity funds are lining up dividends, a few of them large enough to draw more than a passing attention from the market. The list of prospective payouts, with record dates between the last week of ... More

Toyota to foray into auto finance by next year
TOYOTA Financial Services is planning to enter the Indian automobile finance market by 2007. According to Mr Shaun J. Coyne, Vice-President and Chief Information Officer, Toyota Financial Services, India was an emerging market with a lot of ... More

`Outsourcing from Europe looks strong' — Competition, language, legislation pose challenges
LARGE outsourcing opportunities are opening up in Continental Europe in areas such as infrastructure management, business process outsourcing and the public sector, says Mr Dominique Raviart, Senior Analyst, Ovum. Speaking at a CEO panel ... More

Zensar Tech keeps $10 m ready for acquisition plans
INVESTMENTS in IT strategy consulting, acquisition of a financial or consulting service firm in the US, revenue target of Rs 550 crore and a serious look at the domestic market is the growth blueprint for 2006-07 drawn up by the RPG group's ... More

Reuters seeks to increase stake in Times Global
REUTERS Singapore Pte Ltd has sought approval from the Foreign Investment Promotion Board (FIPB) for picking up 25.82 per cent stake in Times Global Broadcasting Company Ltd. The Singapore-based company, in its application has stated that it ... More