The Hindu Business Line : Thursday, March 30, 2006

Volvo India plans mining truck exports to Indonesia, Vietnam
Volvo India is evaluating the possibility of exporting mining trucks it produces at its plant near Bangalore to Indonesia and Vietnam. A decision on this is expected in the next few weeks, according to Mr Eric Leblanc, Managing Director, Volvo ... More

RESEARCH & DEVELOPMENT

Opto Circuits fixes offer price at Rs 240-270
The price band for the follow-on public offer of healthcare equipmentcompany Opto Circuits (India) Ltd has been fixed between Rs 240 and Rs 270. The company expects to raise Rs 108 crore to upgrade its research facility and fund working capital ... More

ANNOUNCEMENTS

ICSA bags Rs 25-crore order
ICSA (India) Ltd, has announced it has secured a Rs 24.98-crore turnkey order for implementation of Accelerated Power Development and Reforms Programme in Nagpur. The Managing Director of ICSA (India), Mr G. Bala Reddy, in a ... More

PREFERENTIAL ALLOTMENTS

Khaitan share warrants
Following the approval of its shareholders at an extraordinary general meeting on March 23, Khaitan Electricals Ltd held a meeting of its board of directors on Tuesday, which approved the allotment of 10-lakh equity share ... More

OPEN OFFERS

Holcim open offer may be rescheduled for next week
Swiss major Holcim's open offer for Gujarat Ambuja Cements Ltd, which has been delayed due to procedural reasons, is likely to be rescheduled for next week or so, said merchant banking sources. The offer was originally scheduled to open on ... More

RESTRUCTURING

Zee Tele to split into 4 cos
Zee Telefilms Ltd (ZTL) on Wednesday announced board approval for a plan restructuring it into four listed companies. Apart from itself, the other three companies would be news and regional channels, direct-to-home and distribution. The ... More

MERGERS & ACQUISITIONS

Ranbaxy buys Romanian co Terapia for Rs 1,445 cr
Deal to give access to 2 manufacturing plants, 157 drugs More

Europe is Ranbaxy's US counterweight
Ranbaxy's latest acquisition, close on the heels of its buy out of GSK's generic unit in Italy, is reaffirmation of the view that big Indian pharma is increasingly viewing Europe as a counterweight to the high-risk, high-return potential of the ... More

Mittal bid: Luxembourg may wait for new M&A law
Krecke discusses Arcelor deal with Chidambaram, Kamal Nath More

Kotak Mahindra buys 4.99 pc in Vimta Labs
Kotak Mahindra (UK) Ltd has informed the stock exchanges that New Vernon India Ltd, Premier Investment Fund Ltd and Voyager Fund Mauritius Ltd (sub-accounts of Kotak Mahindra (UK) Ltd) have acquired 11,02,925 shares of Vimta Labs Ltd , the ... More

Bessemer picks up 33.33 pc stake in Shriram EPC
Bessemer Venture Partners, a private venture capital company from the US, has picked up a 33.33-per cent stake in Chennai-based Shriram EPC Ltd for a consideration of Rs 100 crore. Confirming this to Business Line, Mr T. Shivaraman, ... More

NEW PROJECTS

Indoco Remedies to kick off two projects in April
Scouts for acquisition opportunities in Europe More

Vashnovi Engineers to expand base
Vaishnovi Engineers, a Chennai-based player in the used earthmoving equipment, will expand its base in the country by opening 20 more branches across the country in the next two years. The expansion would cover hinterlands ... More

REGULATORY BODIES & RULINGS

Aurobindo to sell AIDS drug in US
Aurobindo Pharma Ltd (APL) has announced that it has received final approval of the United States Food and Drug Administration (USFDA) for Zidovudine capsules 100 mg. Zidovudine is in the class of drugs called nucleoside ... More

ALLIANCES & JOINT VENTURES

Genpact, NDTV form joint venture
To offer media outsourcing services worldwide; management team soon More

GAIL signs gas deal for Panna Mukta
To pay $4.75 a MMBTU for two years More

New Jamnagar refinery: RIL looking for partner
Reliance Industries Ltd is looking for inducting a strategic partner for its Rs 27,000-crore refinery at Jamnagar in Gujarat. Indications are that the company is in talks with US energy major Chevron and ExxonMobil. Market is abuzz that the RIL ... More

BPCL, MMTC tie-up for global petro trading
Bharat Petroleum Corporation Ltd (BPCL) has tied up with MMTC for entering international trading in petro products in a big way. BPCL, currently exporting certain products such as furnace oil and naphtha to neighbouring counties, sees great ... More

DIVERSIFICATION

Air ambulances from Topsgrup
Patients in need of urgent medical treatment could soon use the services of an air rescue team that would airlift them from remote locations to hospitals of their choice. Diversifying its portfolio, Topsgrup, the security solutions provider, ... More

Essel Propack enters medical devices biz
Announces $10.71-m acquisition of two companies abroad More