CORPORATE
OVERSEAS BORROWINGS
Improved capital flows seen
The S&P rating upgrade is seen by some economists as a belated acknowledgement of the visible growth of the Indian economy. Markets have, however, tended to move ahead, going by the interest in Indian paper floated abroad. So will the new ...
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`Better access to credit at finer rates possible'
Mid-market segment to gain the most: Analysts
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DIVIDEND ANNOUNCEMENT
Sun TV clocks 49.79% rise in PAT
Sun TV has registered profit after tax of Rs 59.7 crore for the quarter ended December, an increase of 49.79 per cent from Rs 39.90 crore in the corresponding previous period. Total income rose by 31.83 per cent to Rs 125.02 crore (Rs 94.81 ...
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INSIGHT
To make success of M&As — Focus on `people and culture' factor
Mergers and acquisitions often fail because of the lack of adequate focus on the "people and culture" factor. What can companies do to manage this critical area better? This question assumes critical importance at a time when Indian corporations are making aggressive moves in the global M&A arena, says ACHAL RAGHAVAN.
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COURTS/LEGAL ISSUES
Health organisations urge Novartis to drop patent case
Health organisations from across the world have came forth in support of the Indian Government in its ongoing legal case against drug manufacturer Novartis and urged the Swiss company to drop its patent case in India. Novartis had filed an ...
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ACCOUNTANCY
ICAI rotating shield
The Eastern India Regional Council (EIRC) of the Institute of Chartered Accountants (ICAI) has won, jointly with the Western Indian Regional Council, the rotating shield for 2006, a press release said. The institute has five ...
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FERTILISERS
Deepak Fert Q3 net rises 56%
Deepak Fertilisers and Petrochemicals Corporation Ltd (DFPCL) has announced a 70 per cent growth in income and 56 per cent growth in net profit for the third quarter of the current fiscal as against the corresponding quarter last fiscal. ...
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CREDIT RATING
Six banks, 3 corporates ratings upgraded
Standard & Poor's Ratings Services has upgraded the ratings of six Indian banks and three corporates. S&P has raised the ratings of State Bank of India, ICICI Bank Ltd, IDBI Ltd, Bank of India, Indian Overseas Bank and UTI Bank Ltd to ...
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MERGERS & ACQUISITIONS
Corus: What's in store?
The Indian corporate world watched with bated breath as Tata Steel and Brazil's CSN entered the final lap of the race for Anglo-Dutch steel maker Corus, heading for a closed-door auction in London late Tuesday. It is a new experience for India, ...
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IFGL Refractories eyeing acquisitions in UK, Europe
IFGL Refractories Ltd, the manufacturer of refractories which already has its footprint in six countries including China, the UK and Brazil, is eyeing acquisitions in the US and Europe. The company hopes to raise and deploy Rs 500 crore ...
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NEW PROJECTS
New Volvo bus manufacturing plant in Bangalore
Volvo India Bus Technologies Ltd, a 70:30 joint venture between Volvo India and JAICO (bus body manufacturers) will establish a bus body manufacturing plant in Hoskote, Bangalore. The subsidiary will invest Rs 50 crore in the new plant, which ...
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REGULATORY BODIES & RULINGS
Aurobindo unit gets USFDA nod
Aurobindo Pharma Ltd has announced that the US Food and Drug Administration (USFDA) has approved its API (Active Pharmaceutical Ingredient) facility at Unit-VI to manufacture sterile ceftiofur sodium. This facility is situated on ...
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ALLIANCES & JOINT VENTURES
Suprajit Engg ties up with Korean co
Suprajit Engineering has signed a memorandum of understanding with the Korea-based Michang Cables, for long-term logistics and co-operative manufacturing programme. The company on Tuesday informed the Bombay Stock Exchange about the signing of ...
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`Raytheon to announce Indian partner soon'
US-based civil and defence technology company Raytheon, which is bullish about business opportunities in India, hopes to announce an Indian partner soon, the President, Raytheon Asia, Mr Walter F. Doran, has said. "We are not new in India and ...
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EVENTS
Techno-management fest tomorrow
Kshitij 2007, the techno-management festival of IIT, Kharagpur (IIT-KGP) is slated to be held on February 1-4. This year, the event will host 35 technical and managerial events. While the technical events are aimed at providing ...
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On mergers
BIG MEET: (from right) The Minister for Company Affairs, Mr Prem Chand Gupta; the Chairman of Max India Ltd, Mr Analjit Singh; the Chairman of CII National Council and Chairman, Godrej Group, Mr Adi Godrej, and the Tata Motors MD, Mr Ravi Kant, ...
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OUTLOOK
Orchid Chemicals gearing up for European foray
To launch a range of antibiotics
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Jute mill to expand capacity
Swarnandhra Jute Mill at Pydi Bhimavaram in Srikakulam district is planning to expand its capacity from the present 10 tonnes to 100 tonnes at a cost of Rs 100 crore, said Mr B.V. Rama Rao, the promoter. The twine mill went into ...
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Up against a `non-tariff barrier'
Orchid Chemicals' plans to launch Tazobactum Piperacillin in the US have been killed by a `non-tariff barrier'— an action of the US-based innovator Wyeth. Tazobactum Piperacillin was to go off-patent next month, and because Orchid has ...
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