CORPORATE
RESEARCH & DEVELOPMENT
DuPont plans knowledge centre in Hyderabad
DuPont, the global science-based products and services company on Thursdayannounced plans to invest over Rs 100 crore to establish its research and development (R&D) centre in Hyderabad. The DuPont Knowledge Center, the first R&D Centre of
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OVERSEAS BORROWINGS
Pokarna to raise $ 12m via FCCBs
Pokarna Ltd has decided to raise up to $ 12 million through the issue of Foreign Currency Convertible Bonds (FCCBs) in the international market. The Board of Directors of the Hyderabad-based company at its meeting held on ...
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HPCL finalising Yen loan
Hindustan Petroleum Corporation Ltd is in the process of finalising external commercial borrowings of Yen equivalent to $100 million with a green shoe option of $50 million for a period of five years, the company informed in a ...
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NEW BUSINESS
Amara Raja to foray into 2-wheeler batteries
Plans Rs 113-cr plant near Tirupathi
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HUMAN RESOURCES
Punj Lloyd to ramp up engg headcount in India
To take advantage of the cheaper labour available in India, the Delhi based Punj Lloyd plans to shift its engineering work from the UK and the West Asia to the home country. "We are getting aggressive in the engineering market now. Because of the ...
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MERGERS & ACQUISITIONS
Strides' new venture buys Oslo co
The newly formed joint venture of Strides Arcolab and Invent Farma has acquired Farma Plus of Norway for an undisclosed sum, Strides said in a release here on Thursday. Oslo-based Farma Plus is an emerging player in hospital ...
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NEW PROJECTS
Asahi Songwon to invest Rs 52 cr in expansion
Plans IPO this year
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OVERSEAS INVESTMENTS
IL&FS Investment plans private equity fund of $1 b
IL&FS Investment Managers Ltd (IIML), the private equity investment management arm IL&FS, has proposed to set up a private equity fund of up to $1 billion to invest in infrastructure assets in West Asia and North African regions. The fund wi
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REGULATORY BODIES & RULINGS
Aurobindo drug gets approval
Aurobindo Pharma Ltd (APL) has announced that USFDA has approved one more Cephalosporin, cefprozil oral suspension 125mg\5ml, 250mg\5ml from its range. ...
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ALLIANCES & JOINT VENTURES
Royal Orchid Hotels in pact with Vascon
The Bangalore-based hotel chain Royal Orchid Hotels Ltd has signed a contract with the Pune-based builders Vascon Engineers to launch 72 service apartments brand-named Royal Orchid Suites at Kalyani Nagar here by early March. Last month, it ...
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Tata Chemicals, Total Produce to form 50:50 joint venture
To distribute fresh fruit and vegetables in India
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CCEA nod for NTPC-Railways joint venture
The Cabinet Committee on Economic Affairs (CCEA) has approved a joint venture between NTPC Ltd and the Indian Railways for setting up a Rs 5,352-crore thermal power plant at Nabinagar in Bihar to meet the requirements of the rail network across ...
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OUTLOOK
GAIL looking at expanding reach in gas biz; in talks with major producers
In talks with major gas producers
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PERFORMANCE
ONGC slips 3 positions in PFC Energy list
ONGC's ranking in the 2006 PFC Energy 50 list has slipped three positions. Rallying against a combined 30 per cent market cap growth in global oil and gas industry and battling subsidy pressures on home turf, ONGC — with a 13 per cent ...
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ECONOMIC OFFENCES
Excise duty facilities withdrawn for three cos
The Finance Ministry has withdrawn two important facilities - of monthly payment of excise duty as well as Cenvat credit utilisation - for three companies following alleged excise duty evasion by them. Action has been initiated against ...
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PEOPLE
Choubey takes over at GAIL
Dr U.D. Choubey assumed charge as Chairman and Managing Director of GAIL (India) Ltd on Thursday. He was previously Director (Marketing), GAIL, a post he has held since May 2004. Mr Choubey succeeds Mr Mohan R. Hingnikar, who was holding ...
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