CORPORATE
ANNOUNCEMENTS
Dunlop's Ambattur unit to restart production
Dunlop India Ltd will recommence commercial production of automobile tyres at its Ambattur plant from tomorrow (Sunday), according to official sources. Dunlop Factory Employees Union representatives said the formal launch of production will ...
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OVERSEAS BORROWINGS
Pantaloon arm to raise $280 m fund for hotel sector
`New fund may have synergies with Horizon International Fund'
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More Indian cos likely to list on AIM of UK
`Growth markets will offer favourable conditions'
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MERGERS & ACQUISITIONS
Mylan close to taking Matrix
Matrix's Indian chief promoter holding talks in US; Mylan meet scheduled for Monday
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Tata group: A phase of `material' change
The Tata group is well into its third phase of evolution: One of consolidation and redefining businesses to reflect the globalised environment.
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SEBI slaps fine on Burren Energy, Unocal Bharat
Market regulator SEBI has slapped an adjudication penalty of Rs 25 lakh each on Burren Energy India Ltd (BEIL) and Unocal Bharat Ltd (UBL) on alleged charges of violation of SEBI Acquisition of Shares and Takeovers Regulations. BEIL had ...
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NEW PROJECTS
Space Hospitals to expand
Setting up over 500 satellite, 800 telemedicine centres
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Pergo bags laminate orders
Pergo, a Swedish brand of floor laminates, has bagged orders from DLF-West end Heights, Gurgaon, and NIHO Construction-Scottish Gardens, New Delhi. The orders are for around 30,000 sq m each. Both the orders will be supplied ...
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Project partnership
POURING MORE INVESTMENT: The West Bengal Chief Minister, Mr Buddhadeb Bhattacharjee, and the Chief Operating Officer and Managing Executive of Mitsubishi Chemical Corporation, Mr Tokio Nikuni, during a stone-laying ceremony for Mitsubishi's ...
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REGULATORY BODIES & RULINGS
Akorn-Strides files 10th ANDA
Strides Arcolab said its US joint venture Akorn-Strides LLC has submitted its tenth ANDA (abbreviated new drug application) with the Office of Generic Drugs. The first filing was made in April this year, according to a release. The release did ...
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Aurobindo arm gets nod for drugs
Aurobindo Pharma Ltd has announced that its wholly-owned subsidiary in South Africa has received the approval for four of its anti-retrovirals (ARVs) from the Medicines Control Council of South Africa. In a press release here on ...
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SICK UNITS
Hindustan Motors Uttarpara complex to be revived
Plan envisages expansion into the auto component sector
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OUTLOOK
TNPL to focus on branded copier, notebook segment
Tamil Nadu Newsprint and Papers Ltd is focussing on exploiting the growth in branded copier paper and notebooks as it sees better value and margins here compared to the bulk segment. The company has been consistently increasing its range in ...
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Bosch mulls manufacturing petrol injection systems in Bangalore
Indian arm Mico looking at outsourcing components making
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`We are aggressively looking at non-fuel offerings from our retail outlets'
"People are looking for convenience and oil companies have sites that can lend themselves to convenience stores... Indian Oil sees an opportunity in this... Basically it is a combination of convenience to the customers, ensure that the fuel business does not shift to the malls, and, of course, the revenues." — MR SARTHAK BEHURIA, CMD, INDIAN OIL
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