CORPORATE
ANNOUNCEMENTS
Gujarat State Petro steps up drilling at KG basin
Buys second rig; third one likely in July 2007
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NEW BUSINESS
Nagarjuna Constn bags new orders
Nagarjuna Construction Company Ltd (NCCL) has informed the BSE that the company has secured three new orders aggregating to Rs 370 crore. The first order valued at Rs 282 crore is for water supply at Ajmer in Rajasthan. The ...
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RESTRUCTURING
TTK Healthcare sells gloves unit
TTK Healthcare Ltd has disposed of its gloves manufacturing undertaking, which was under the biomed division, according to information provided by the company to the stock exchange. Company officials said that the unit at ...
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NEW PROJECTS
Amara Raja to infuse Rs 90 cr into Tirupati unit
Unlike other manufacturers, Amara Raja has opted for a single point manufacture and distribution
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Bhagyanagar to develop IT park
Bhagyanagar India Ltd has informed the BSE that the company has finalised plans to set up an IT park at Hyderabad with a total outlay of about Rs 120 crore with a built up area of 8,00,000 sq. ft, in six acres of plot, of 12 ...
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OVERSEAS INVESTMENTS
UB Group earmarks $1 b for overseas buys
Weighing options in Scotland, S. Africa, Australia
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REGULATORY BODIES & RULINGS
Dr Reddy's gets USFDA nod for Ondansetron
Dr Reddy's Laboratories Ltd today got the final approval for Ondansetron Hydrochloride, the generic equivalent of the blockbuster drug `Zofran', from the US Food and Drug Administration (USFDA), as well as a 6-month marketing exclusivity. The ...
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TRADE & LABOUR UNIONS
Apollo stops production at Premier Tyres unit
Workers on strike from Dec 22 demanding hike in wages
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DIVERSIFICATION
Panoramic to enter realty sector
Panoramic Universal Ltd has announced its decision to enter the realty sector. Panoramic is already engaged in expanding its hospitality business, with plans to add roughly 20 hotels to its portfolio in India over three years. ...
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SICK UNITS
LML to submit revamp plan to BIFR soon
Beleaguered two-wheeler maker LML on Wednesday said that it was working on a restructuring package for the company which it would be submitting to the Board for Industrial and Financial Reconstruction for approval shortly. According to Mr R.K. ...
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OUTLOOK
ONGC exploring asset swap; in talks with Italy's ENI
Seeks foreign expertise in exploration areas, hydrocarbon production
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CGH Earth to consolidate in South
To open properties in TN, Puducherry
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