CORPORATE
ANNOUNCEMENTS
KMP ties up funds for expressway project
KMP Expressways Ltd, a special purpose vehicle executing the Rs 1,915 crore Kundli-Manesar-Palwal expressway, has announced that it has achieved the financial closure for the project. Awarded by the Haryana State Industrial and Infrastructural ...
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DIVIDEND ANNOUNCEMENT
NMDC considering interim dividend
National Mineral Development Corporation has informed the BSE that a meeting of the board of directors of the company will be held on January 30, to consider second interim dividend for 2006-07 at the rate of 116 per cent on the paid-up equity ...
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NEW BUSINESS
ABB bags Rs 250-cr order from JSW
ABB India has won a Rs 250-crore order to provide turnkey solutions and a range of power and automation products to the JSW Group for its steel and power plant expansions in Bellary in Karnataka, Vasind in Maharashtra and Salem in Tamil ...
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Punj Lloyd bags Rs 1,289-cr ONGC platform order
Construction and engineering firm Punj Lloyd Ltd said it has bagged a Rs 1,289.25-crore order from Oil & Natural Gas Corporation (ONGC) to build an offshore platform. The contract was secured along with wholly owned unit PT Sempec Indonesia, Punj
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COURTS/LEGAL ISSUES
Blood test kits case: Sarda files fresh bail plea
Ghanashyam Sarda, one of the prime accused in the case pertaining to supply of defective blood test kits, today filed a fresh bail petition in the Division Bench of Calcutta High Court.Sarda was arrested from the Calcutta Airport in October 2006, ...
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IPR
Rice gene patent for Avesthagen
Avesthagen on Tuesday announced that it has been granted a patent by the Indian Patent Office on `cloning and sequencing of AGTSAL 11 rice gene from IR-64 variety implicated in salinity stress tolerance.' The invention is expected to provide ...
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Suven Life gets EU patent for therapeutic agent
Suven Life Sciences Ltd (SLSL) has obtained a European patent on a novel Serotonin Receptor Ligands, which are being developed as therapeutic agents soon. The company announced today that the European Patent Office (EPO) issued the Patent ...
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MERGERS & ACQUISITIONS
Mylan buys 51.5 pc stake in Matrix
Mylan Laboratories Inc has completed its acquisition of approximately 51.5 per cent of Matrix's outstanding shares for Rs 306 per share in cash pursuant to a share purchase agreement (SPA) with certain selling shareholders. In the light of the ...
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Ranbaxy to bid for Merck's generic biz by Jan-end
It is private equity players who may be Ranbaxy's biggest contenders for Merck's generic business.
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Dabur buys Thai co's oncology sales biz
Dabur Pharma Ltd said on Tuesday it had bought out the entire oncology sales and distribution business of its Thailand-based partner Biosciences Co Ltd. The acquisition has been done through its wholly owned subsidiary in the country. Financial ...
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NEW PROJECTS
Honda Siel to invest Rs 2,000 cr in new facility
Unveils upgraded Accord; to cost Rs 38,000 more than earlier version
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Rama Newsprint board nod for expansion plan
Armed with improved results for the third quarter ended December, 2006, the board of Rama Newsprint and Papers Ltd (RNPL), subject to approval of lenders, has approved an Rs 630-crore expansion programme whereby the company's annual production ...
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OVERSEAS INVESTMENTS
India Inc seeks Govt support for overseas acquisitions
Corporate India today met the Finance Minister, Mr P. Chidambaram, as a pre-Budget exercise and sought Government support in cross-border acquisitions. The demand comes in view of the Tatas' bid to acquire UK-based Corus and Videocon's bid for ...
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Lanka IOC signs settlement pact with Lankan Govt
Receives compensation for under-realisation in sale of petroleum products
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STANDARDS & BENCHMARKS
Madhucon gets quality certificate
Madhucon Projects Ltd has informed the BSE that the company's Quality Management Systems have been formally recognised to be compatible with ISO 9001:2000. It has been awarded ISO 9001:2000 by American Quality Assessors (AQA) on ...
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OUTLOOK
Toyota — gaining more space thru Innova
Toyota Kirloskar Motor Pvt Ltd, which has come out with a limited edition of Innova, hopes to create a passion for the model and help increase the market share of the company in the Rs 5 lakh-Rs 12 lakh passenger car segment from 7 per cent to 12 ...
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PEOPLE
Rajan Srikanth joins Mercer
Mr Rajan Srikanth has joined Mercer Human Resource Consulting to head the Asia region and to lead Mercer's Human Capital Advisory Services in Asia. He will be based in Chennai. Mr Srikanth joins Mercer Human Resource Consulting ...
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