CORPORATE
ANNOUNCEMENTS
ONGC Videsh, IPR make new discovery in Gulf of Suez
OVL and IPR Red Sea have 70 per cent and 30 per cent participating interest respectively in North Ramadan Concession.
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Roche bringing cancer drug to India
Roche did not have to undertake specific trials in India on this drug, as there was globally established safety data.
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ONGC inks service contracts for 14 fields
ONGC has entered into service contracts for development of 14 onshore marginal fields. In a statement today, the company said that contracts have been signed with Hydrocarbon Resources Development, Deep Industries Ltd, BG Shirke Construction ...
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Manipal claims stem cells breakthrough for Parkinson's
Plans to extend therapy to spinal cord injury
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Dr Reddys to publish audited results
Dr Reddys Laboratories Ltd has informed BSE that the company will announce and publish the audited annual results for the year ended March 31, 2007 instead of unaudited quarterly results for the quarter ended March 31, 2007. In another ...
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CORPORATE DISPUTES
ONGC-Shell alliance runs into rough weather
Development of Kalol oil field in Gujarat
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NEW BUSINESS
Tantia bags Rs 151-cr orders
Tantia Construction Ltd, a listed company on the BSE, said it had bagged orders worth Rs 151 crore for infrastructure projects in road and rail sectors. The road projects, worth Rs 113 crore, includes development of state ...
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AWARDS & HONOURS
Proud moment
ALL SMILES: The President, Mr A.P.J. Abdul Kalam, giving the Padma Bhushan Award to the Chairman Elect, President and Chief Executive Officer, PepsiCo, Ms Indra Nooyi, during the Civil Investiture Ceremony-II at Rashtrapati Bhavan on Thursday. ...
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IPR
Lupin receives patent payments
Lupin Ltd has received euro 20 million (Rs 115 crore) from Laboratoires Servier of France for the sale of certain patent applications and other related Intellectual Property for hypertension drug Perindopril, in multiple ...
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MERGERS & ACQUISITIONS
54 M&A deals in March: Grant Thornton
A total of 54 merger and acquisition (M&A) deals were announced in March this year entailing $2.14 billion in value terms, as against 57 deals with a total announced value of $ 22.21 billion in February, according to Grant Thornton ...
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NEW PROJECTS
Toyota Motor board to discuss small car for India
Toyota Kirloskar profit nearly quadruples
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OVERSEAS INVESTMENTS
Indian cos invest $23 b abroad in Jan, Feb
Indian companies have made foreign direct investments (FDI) worth $23 billion in January and February of the current year, higher than $21 billion made in the whole of 2006, said Dr Ajay Dua, Secretary, Department of Industrial Policy and ...
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ALLIANCES & JOINT VENTURES
IHG ropes in partners to develop Indian units
The UK-based InterContinental Hotels Group (IHG) has announced the signing of management contracts in India. IHG — which claims to be the world's largest hotel group by number of rooms — owns, manages, leases or franchises through ...
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Davidoff-Godfrey Philips venture bullish on India
"If you are in a hurry, don't smoke a cigar. Take your time to smoke a cigar," says Dr Reto Cina, President and Chief Executive Officer of cigar company Davidoff, which has tied up with Godfrey Philips to launch its brand in India. The ...
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OUTLOOK
SEZs require integration with social infrastructure: Marg Constructions
Company plans 2 special economic zones near Chennai
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Coal India may hike prices to arrest falling margins
In a bid to arrest further fall in profit margin, Coal India Ltd (CIL) may resort to modest price increase in all varieties of coal. The company has said that its profit margin declined in 2006-07 in spite of higher production and productivity ...
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Grasim mulls knowledge park at Mavoor
Feasibility report within eight weeks
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Areva T&D may soon ramp up India operations
Areva T&D India plans to ramp up its India operations and is planning to invest about 60 millioneuros over the next three years to modernise its production sites and build new plants. The French major is also in preliminary talks with Indian ...
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Kinetic Engg targets Rs 500-cr turnover
Kinetic Engineering expects to do business of Rs 160 crore this year, and is targeting a turnover of Rs 500 crore by 2009-10. The company has built up a client roster that includes Tata Motors, Force Motors and several international companies ...
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Coal India eyes Nav Ratna status, IPO
Proposal to dilute 5 per cent of paid-up equity capital to be put before board
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PERFORMANCE
Vizag Steel achieves Rs 9,126-cr turnover
Rashtriya Ispat Nigam Ltd (RINL) here has achieved sales turnover of Rs 9,126 crore during 2006-07 and is aiming to touch the Rs 10,000-crore mark this fiscal, according to Mr Y. Sivasagara Rao, Chairman and Managing Director. Reviewing the ...
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RSP surpasses 2 mt-mark
For the first time, Rourkela Steel Plant (RSP), a unit of Steel Authority of India Ltd, surpassed the two million tonne-mark in hot metal production during the fiscal 2006-07. Hot metal production at the steel plant during the ...
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Ashok Leyland March sales up 35%
Ashok Leyland's vehicle sales for the year ending March 31, 2007, were 35 per cent higher than its sales in the previous year, according to a press release from the company. During the year the company sold 83,101 vehicles ...
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