CORPORATE
RESEARCH & DEVELOPMENT
Shantha to be global vaccine hub for Alliance Merieux
Alliance Merieux, the French bio-industry major that recently picked up 60 per cent in the Hyderabad-based Shantha Biotechnics, has decided to make Hyderabad its global hub for vaccine development. The 110-year-old Merieux Group from Lyon, ...
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ANNOUNCEMENTS
Essar Steel gears up to make materials for auto ind
Essar Steel Ltd has developed its capacity adequately to commercially produce various grades of hot-rolled and cold-rolled materials used in the auto industry. Indicating this here at the Metals Conclave, the company's Vice-President, Mr M. ...
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Nandan Biomatrix launches standardised plant extracts
Hyderabad-based nutraceuticals company Nandan Biomatrix Ltd has launched its standardised medicinal plant extracts. "We develop and commercialise proprietary compounds from medicinal plants to address the unmet needs of people in the ...
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NEW BUSINESS
L&T venture bags NTPC order
Larsen & Toubro Ltd , in partnership with Alpine Mayreder Bau GmbH of Austria, has bagged an order valued at Rs 456 crore from NTPC for the execution of 4 x 130 MW Tapovan Vishnugad hydropower project in Uttaranchal. The package
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AWARDS & HONOURS
P.R.S. Oberoi gets Lifetime Achievement Award
The Tata-AIG Lifetime Achievement Award has been conferred on Mr P. R. S. Oberoi, Chairman, The Oberoi Group, at the recent Galileo Express TravelWorld Awards 2006. The fourth edition of the award was announced recently. The award, according to ...
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MANPOWER
700 VSNL staff opt for VRS
The Tata-managed Videsh Sanchar Nigam Ltd (VSNL) on Wednesday announced the closure of its third voluntary retirement scheme (VRS). About 700 employees are understood to have availed themselves of the scheme. A senior VSNL executive said that ...
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HUMAN RESOURCES
`Companies should relax recruitment parameters'
Companies often look for a certain `profile' of candidates while they set out to recruit. The parameters they set — sometimes unnecessarily — shrink the universe of eligible candidates. Companies could therefore relax the parameters ...
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MERGERS & ACQUISITIONS
Indian Oil, Bongaigaon boards okay merger plan
The board of directors of Indian Oil Corporation Ltd and Bongaigaon Refinery and Petrochemicals Ltd (BRPL) today approved merger of BRPL with IOC. The swap ratio is pegged at 4:37 (four equity shares of Rs 10 each of IOC for every 37 shares of ...
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RSB group buys US auto components co for $19 m
Base in the US to give increased access to European markets
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Hindustan Sanitaryware plans takeovers for growth
Delhi-based Hindustan Sanitaryware and Industries Ltd (HSIL) proposes to acquire some companies in the building products sector to further consolidate its position. "We are in serious talks with some players in the sector and the deals will be ...
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NEW PROJECTS
Volkswagen to launch small car
`Specifically tailored to the needs of the Indian market'
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Merieux plans R&D centre in Hyderabad
French vaccine major Merieux Alliance will locate its global prophylactic vaccine research and development centre in Hyderabad. The State Government would provide the infrastructural facilities and land at Karakapatla, Phase III of the Biotech ...
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Die-casting plant planned at Pune
The RSB group is firming up plans for a backward integration process into the aluminum die-casting business, as part of its plan to position itself as an integrated, one-stop supplier to the global auto industry. Top company sources told ...
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ALLIANCES & JOINT VENTURES
Dr Reddy's in pact with Torrent
Dr Reddy's Laboratories today announced that it has entered into an agreement with Torrent Pharmaceuticals for exclusive commercialisation of two of Torrent's brands in Russia. Listril (Lisinopril) and Listril Plus (Lisinopril ...
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Xerox India ties up with Karnataka printers body
Setting up of print testing and training centre
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Hilton Hotels, DLF join hands
Hilton Hotels Corporation has announced that it would create a joint venture company here with DLF Ltd (DLF) to develop and own 75 hotels and service apartments over the next seven years. The initial stage of the joint venture will see 20 ...
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SICK UNITS
Nellimarla jute mill lockout to be lifted
Mill to be reopened today
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OUTLOOK
Kingfisher International seeking clearance for flights to India
Plans to fly its wide body aircraft on this route
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