CORPORATE
MANPOWER
Century plans to downsize workforce in Mumbai mill
Century Textiles and Industries Ltd is planning to downsize its workforce to around 2,000 employees from the current level of 7,000 through a voluntary retirement scheme. The company is also planning to reduce the number of looms in its textile ...
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MERGERS & ACQUISITIONS
Britannia acquires stake in Daily Bread
Britannia Industries Ltd (BIL) has acquired a strategic stake in Daily Bread, a Bangalore-based boutique manufacturer and retailer of high-end bakery products, which includes a variety of European breads, pastries and savouries. Britannia did ...
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Aurobindo acquires US facility
Aurobindo Pharma Ltd has acquired a US-based FDA compliant cGMP facility in Dayton in the state of New Jersey from a multinational major. In a press release here, the company said the US facility is spread over 20 acres of freehold land and is ...
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BM Khaitan Group to sell stake in WPIL to Hindustan Udyog
Stake sold to Hindustan Udyog Group
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NEW PROJECTS
MRPL unwilling to step back from retail biz foray
Company has already made business plans, investments
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Nestle's Uttaranchal unit kicks off
Nestlé India has said that it has commissioned on schedule the initial phase of its seventh factory in Uttaranchal and despatched its first batch of MAGGI 2-Minute Noodles. "Similar to the other plants of Nestlé India, the ...
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OVERSEAS INVESTMENTS
Belgium co Reynaers to set up sales operations in Pune
Plans design centre in Pune
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REGULATORY BODIES & RULINGS
Aurobindo drug gets nod
Aurobindo Pharma Ltd has announced that the United States Food and Drug Administration (USFDA) has granted tentative approval for Didanosine tablets (chewable) of strengths 100 mg, 150 mg and 200 mg. In a press release here on Wednesday, the ...
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Orchid's ANDA gets USFDA nod
The US Food and Drug Administration has approved the Chennai-based Orchid Chemicals & Pharmaceuticals' Abbreviated New Drug Application of Cephalexin oral suspension, according to a press release from Orchid. Cephalexin, an ...
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EVENTS
ICICI team wins Tata Crucible regional round
The winners will now battle it out with seven other teams at the National Finals on July 23.
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SOCIETY & DEVELOPMENT
Reliance, Tatas, ITC among 31 projects for rural business hubs
A total of 31 memorandums of understanding have been signed towards the rural business hubs (RBH) project involving Reliance, Tatas, Coco-Cola, ITC, Mahindra and Mahindra and Microsoft among others. RBH is a public-private-panchayat ...
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OUTLOOK
OVL has two more weeks to bid for Rosneft stake
Chances of bidding pretty good, says Petroleum Secretary
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Blue Star upbeat on cold chain business
Enters into partnership with Danfoss
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PERFORMANCE
Essar Steel full-year income up 4.4 pc
Integration makes it among lowest cost steel-makers
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JSW Steel metal output higher in Q1
JSW Steel Ltd said metal production during the first quarter of 2006-07 was higher, with the production of pellet, hot metal, crude metal and HR plates up while the output of HR coil and galvanised products was down. Pellet production was ...
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