CORPORATE
ANNOUNCEMENTS
USFDA approval for Aurobindo drug
Aurobindo Pharma Limited (APL) has received yet another approval from the US Food and Drug Administration (USFDA) for Amoxicillin Tablets for oral suspension in dosages of 200 mg and 400 mg. Amoxicillin tablets for oral ...
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PREFERENTIAL ALLOTMENTS
Panyam Cem to issue pref shares
Panyam Cements & Mineral Industries Ltd has decided to issue, offer and allot on preferential basis up to 2.1 lakh equity shares of the face value of Rs 10 each to SPY Reddy & Associates or their nominees. To be issued in one
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AWARDS & HONOURS
IMA award for TNPL director
Mr A. Velliangiri, Director (Finance), Tamil Nadu Newsprint and Papers Ltd, has been awarded the `India CFO Award 2006' for excellence in finance in a public sector undertaking, according to a press release. The award instituted by IMA India, ...
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CORPORATE GOVERNANCE
`CEOs conduct key for success'
The conduct of CEOs and the values and ethics they stand for will ensure the long-term success of a company, said Mr N.R. Narayana Murthy, Chief Mentor, Infosys Technologies Ltd, on Wednesday. Mr Murthy, speaking at the ...
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NEW PROJECTS
HPCL in talks with Total for Vizag project
Hindustan Petroleum Corporation Ltd (HPCL) is in talks with Total SA of France for its upcoming refinery at Visakhapatnam in Andhra Pradesh. "We are talking to them and they will be an equal stakeholder in our new refinery," said Mr M.B. Lal, ...
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Momentive to put up silicone plant near Chennai
Momentive Performance Materials Inc (formerly GE Advanced Materials) intends to put up a $25-million (Rs 100-crore) plant at Oragadam near Chennai to manufacture silicones. At a press conference here. the company's President and CEO, Mr Wayne ...
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ALLIANCES & JOINT VENTURES
ONGC, Mittal group make efforts to revive joint venture
There is no plan to wind up OMESL, says ONGC chief
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Innovative group, Syrian Chamber sign pact
The Innovative Group has signed a memorandum of understanding with the Syrian Chamber of Commerce to develop a film city in Damascus. The deal was signed in the presence of the Union Minister of Commerce and Industry, Mr Kamal Nath, and the ...
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Shell in talks with ONGC for coal gassification
May also participate in next bidding for CBM blocks
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Biocon cancer drug to enter Pakistan
Biocon's proprietary cancer drug BIOMAb-EGFR will enter the Pakistan through an exclusive marketing arrangement with Ferozsons Laboratories Ltd, the company said. Ferozsons is rated by IMS as the No 1 oncology company in that country. The ...
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SOCIETY & DEVELOPMENT
Does philanthropy lead to profits?
The Stichting INGKA Foundation and the Bill and Melinda Gates Foundation are running neck-to-neck for the slot of the world's largest charitable organisation, with a corpus close to $40 billion each. Many Indian ...
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SICK UNITS
Ministry moots new fund to revive sick floriculture units
The Commerce Ministry proposes to set up a new fund to help revive the sick floriculture units in the country, according to the Union Minister of Commerce and Industry, Mr Kamal Nath, on Thursday. Speaking after inaugurating the International ...
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OUTLOOK
ONGC confirms oil finds in KG and Mahanadi basins
The exploration and production major, Oil and Natural Gas Corp (ONGC) has confirmed striking natural gas in Krishna Godavari basin off the Andhra Pradesh coast and Mahanadi basin off Orissa coast. "I can confirm a huge gas find in ultra deepwater ...
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Inox plans more multiplexes
Comfortable seating, great audio and visual quality, and good food - that is what Inox Leisure, the film exhibition company, is betting on to attract viewers. Inox, which is opening its 13th multiplex in the city tomorrow, hopes to set up 18 ...
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PEOPLE
L.M. Thapar - a pragmatic industrialist
Mr Lalit Mohan Thapar, Chairman, Emeritus, Ballarpur Industries Ltd (BILT), who passed away on Wednesday night, is credited with rebuilding India's largest writing and printing paper company. Though known as a proponent of Indian business, Mr ...
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