The Hindu Business Line : Friday, May 12, 2006

Wockhardt gets FDA nod for plant
Wockhardt has got a green signal from the US regulatory authority for its manufacturing facility that makes cephalosporin injectables at Waluj in Aurangabad. The US FDA has communicated its approval of the facility in its letter ... More

Strategic sells holding in Astra Microwave
Astra Microwave Products Ltd has informed the stock exchanges that one of its shareholders — Strategic Ventures Fund (Mauritius) Ltd — has sold 5 lakh shares at market price on Thursday. Following this, the shareholding of Strategic ... More

RBI directive on FIIs stake in ACC
Foreign Institutional Investors (FIIs) cannot buy into ACC without permission from the RBI, as the FIIs' stake has reached the limit of 22 per cent of the company's paid up capital. "No further purchases of equity shares of ACC should be made on ... More

Sudsun is now Regaliaa Realty
Sudsun Housing Development (I) Ltd will be known as Regaliaa Realty Ltd, for which it has obtained approval from its shareholders and the Registrar of Companies, ... More

OVERSEAS BORROWINGS

Bhagyanagar Metals to raise $30 m
A meeting of the company board has been convened for May 18. More

Fed fund rate hike makes ECBs dearer
Interest servicing costs may go up More

MERGERS & ACQUISITIONS

Dishman Pharma close to formalising another acquisition in Switzerland
Sitting on a $50-m kitty, plans multiple acquisitions overseas More

Punjab Tractors: Burmans' nominee appointed non-executive Chairman
Board gives in-principle nod to appoint consultant More

Govt frames policy on airline takeover
In a move that could facilitate the acquisition of Air Sahara by Jet Airways, the Minister for Civil Aviation, Mr Praful Patel, on Thursday told the Lok Sabha that the Government has accepted the recommendations of the Ministry's Aircraft ... More

Prime Focus buys 55% stake in VTR
Prime Focus Ltd (PFL), a post-production and visual effects companies, said it has acquired a 55 per cent stake in VTR Group. VTR is a £20 million European media service company, and is into post-production. PFL has drawn out ... More

NEW PROJECTS

Toyota may need Rs 1,750 cr for small car project
Toyota will need at least Rs 1,750 crore for the small car project, much more than what it has invested so far since it started operations in India. Sources in Toyota Kirloskar told Business Line that the small car project will need at ... More

European co sets up rubber additives plant
Lanxess, a European-based chemicals supplier, has announced the establishment of a production plant for rubber additives, under its polymer-bound chemical product line, Rhenogran. The new production plant will open under Lanxess' business ... More

TRADE & LABOUR UNIONS

Strike at Sirpur Paper
Sirpur Paper Mills Ltd has informed the stock exchanges that the workers of its mill at Sirpur-Kaghaznagar had gone in for an illegal strike on Wednesday, resulting in total stoppage and disruption of production. ... More

Mico Bangalore unit workers serve strike notice
Demand permanent employment, incentive rates More

ALLIANCES & JOINT VENTURES

Aircel in pact with US co for roaming services
Aircel Cellular today announced its partnership with California-based Roamware, provider of voice and data roaming solutions for over 200 mobile operator networks. Aircel will use Roamware's `short codes' and `smart call assistance' to provide ... More

Veecon ties up with Japanese company for nitrogen plants
Open to setting up carbon molecular sieve plant More

DIVERSIFICATION

DS Group to expand hospitality vertical; foray into infrastructure
The group is also looking at the business of power transmission in Tripura, with Oil and Natural Gas Corporation setting up a power generation plant in the State. More

SICK UNITS

FACT assets remain unutilised
A township at Ambalamedu among properties awaiting occupants More

PERFORMANCE

Kilburn Engg registers 12.7 pc growth in sales
Kilburn Engineering Ltd, a BM Khaitan Group company, has registered 12.7 per cent growth in its gross sales for the quarter ended March 31, 2006 as compared to the corresponding quarter of 2004-05. Gross sales went up to Rs 17.98 crore from Rs ... More

PEOPLE

Arathi Krishna joins Sundram Fasteners board
Ms Arathi Krishna, daughter of Mr Suresh Krishna, Chairman and Managing Director, Sundram Fasteners Ltd, has joined the board of directors of Sundram Fasteners with effect from May 3, according to a notification to the stock exchanges. Ms ... More

Scoreboard
SE Diary