CORPORATE
ANNOUNCEMENTS
Ranbaxy gets USFDA nod to sell insomnia drug
Ranbaxy Laboratories said on Friday it has received tentative US Food and Drug Administration's (FDA) approval to make and sell Zolpidem Tartrate tablets prescribed in the treatment of insomnia. The approval is for two strengths of the drug, 5mg ...
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Hyundai hikes car prices
Hyundai Motor India Ltd (HMIL) on Friday increased prices of all its car models by Rs 362 to Rs 2,816 on account of the increased cess announced in this year's Budget. Post-increase, the company's flagship hatchback Santro would become ...
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Navneet launches new products in Gujarat
Navneet Publications (India) Ltd, well-known manufacturers of educational and children's books and paper stationery products, on Friday launched a new range of premium stationery products in Gujarat under the brand name, FfUuNn Full Marks + Fun. ...
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New Bolero launched in Kerala market
Mahindra and Mahindra launched the new Bolero in the Kerala market here on Friday. The new Bolero has been styled with a wide array of interior and exterior features that appeal to the younger generation, Mr P.K. Kannan, Senior ...
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CORPORATE DISPUTES
Shishir-Kushagra faction claims 100% of Bachhraj's shares in Bajaj Hind
`This is a joint family, everyone should have an equal share'
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NEW BUSINESS
Praj bags Rs 65-cr Belgium deal
Praj Industries has bagged a Rs 65-crore contract for Phase Two of the wheat and beet-based bio-ethanol plant for Biowanze SA, a subsidiary of CropEnergies AG (a Sudzucker Group Company). The deal is through De Smet S.A. Engineers & ...
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OUTSOURCING
David Jones sizes up local apparels
One of Australia's oldest retail store chains, David Jones, wants to buy apparel from India. According to Mr C. Sarat Chandran, Director, Indo-Australian Chamber of Commerce, the company is in talks with the Chamber to set up a sourcing centre ...
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HUMAN RESOURCES
Counselling employees of India Inc, the Max way
`Stress costs US companies as much as $300 billion'
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ICFAI IT school's placement
The average salary-package offer at the ICFAI School of Information Technology (ISIT) here is Rs 3.85 lakh. On the first day of Placements '07, the school recorded hundred per cent placements. About 20 corporates participated ...
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RESTRUCTURING
Pfizer sells Chandigarh plant
Pfizer Ltd has sold its Chandigarh property to C S J Infrastructure Pvt Ltd for a total consideration of Rs 278 crore, the company told the Bombay Stock Exchange. Of this amount, Pfizer had already received an advance of Rs 27.8 ...
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MERGERS & ACQUISITIONS
Louis Vuitton to pick up stake in Hidesign
Hidesign to retain own brand identity
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Ballarpur Ind acquires Malaysian co for $261 m
Ballarpur to hold 78%, JP Morgan 20%
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Zydus enters derma-care segment thru Liva buy
The Rs 1,800-crore drug-maker Zydus Cadila has acquired Mumbai-based Liva Healthcare, a mid-sized pharmaceutical company. The acquisition marks Zydus' entry into the Rs 1,500-crore derma-care or skin-related products segment, touted to be the ...
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NEW PROJECTS
INA Bearings opens unit in Talegaon
INA Bearings India Pvt Ltd, a division of the € 8.3-billion Schaeffler Group, inaugurated its new plant at Talegaon on Friday. The company, which has been operating from rented premises at Pirangut since 2001, shifted its three existing ...
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Punj Lloyd arm to build bio-ethanol facility in UK
Carlyle Group company, Ensus Ltd, has engaged a Punj Lloyd Group company, Simon Carves Ltd, to build the world's largest wheat-based bio-ethanol production facility in the UK. "The plant will be the first world scale facility to be built in ...
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Parsvnath project in Ahmedabad
Real estate major Parsvnath Developers will set up five star hotel and a commercial mall in Ahmedabad entailing an investment of Rs 250 crore. The project, spread across an area of 22,365 sq mt, would include a five-star ...
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OVERSEAS INVESTMENTS
Havell's plans to shift some Sylvania production lines to India
Plans Rs 100-cr investment in next 5 years
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`Expanding in Europe may see more acquisitions'
Asia accounts for only a small part of Capgemini's business
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ALLIANCES & JOINT VENTURES
Orissa Govt in pellet-making pact with Brahmani
To set up 4 mt per annum complex
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Coal India, NTPC join hands for taking up mining projects
Biz development group set up to identify areas
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DIVERSIFICATION
Madhucon forays into power sector
Madhucon Projects Ltd (MPL), a Hyderabad-based infrastructure company, has announced its entry into the power sector. It has picked up 48 per cent equity in Simhapuri Energy Pvt Ltd, a special purpose vehicle (SPV) jointly promoted by the ...
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OUTLOOK
LG India to invest Rs 100 cr for upgrade
Targets 10-m handsets sale by 2009
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Non-availability of rigs may hit ONGC's oil hunt
Non-availability of ultra-deepwater rigs may impact ONGC's oil hunt in Krishna-Godavari and Mahanadi basins. The company has recently struck gas in deepwaters of both the basins. Ultra-deepwater rigs, also known as floaters, can drill in water ...
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BHEL, ONGC in talks for rig order
BHEL and ONGC today held parleys for a Rs 680-crore oil rig order, according to a statement from BHEL. BHEL already has an order worth Rs 300 crore from ONGC. A meeting was held between Mr U.N. Bose, Director, ONGC, Mr M.D. ...
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