CORPORATE
ANNOUNCEMENTS
Aurobindo drug gets S. African nod
Aurobindo Pharma has received marketing authorisation approval for Citalopram tablets (20 mg) from the Medicines Control Council (MCC), South Africa. The drug, popularly known as Celexa, is mostly used in symptoms of depression ...
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PREFERENTIAL ALLOTMENTS
Morepen Lab to raise authorised capital
Morepen Laboratories Ltd, which is going through a corporate debt restructuring, has initiated the process of bringing in new investments through a combination of equity and other convertible securities. The infusion of fresh investment will ...
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ENVIRONMENT
`Bulb manufacturers polluting environment'
Greenpeace calls for banning use of incandescent bulb
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MERGERS & ACQUISITIONS
Ministry clears IBP merger with IOC
It may be effective from today
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NEW PROJECTS
Reliance Comm plans Rs 10,000-cr capex
Reliance Communications Ltd will invest Rs 10,000 crore in capital expenditure across the breadth of its businesses in the current fiscal, according to the Chairman, Mr Anil Ambani. On the company's GSM plans, Mr Ambani said that a national ...
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DIVERSIFICATION
Kamdhenu Ispat forays into structural steel products
Kamdhenu Ispat Ltd today announced foraying into structural steel products including angles, beams, channels and flats. "We have started production in since last month," the Chairman and Managing Director, Mr Satish Agarwal, told presspersons ...
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OUTLOOK
MLR Motors plans rollout of micro commercial vehicle in Jan
Company in talks with UK firms for power trains
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TACO identifies four areas of product focus
Tata Auto Component Systems Ltd (TACO) is moving ahead with consolidation as its strategy and would be focusing on four areas. Speaking to newspersons, Mr D.S. Gupta, Managing Director, said that the four areas that have been identified are ...
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Nissan focussing on brand building
Ahead of the launch of the tripartite manufacturing facility in 2009, Nissan Motor India has decided to go for a major brand-building exercise by offering high-end luxury vehicles. "We will see the response to our vehicles. This will help us ...
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PEOPLE
Rajinder Kumar joins Dr Reddy's
Dr Rajinder Kumar has joined Dr Reddy's Laboratories Ltd as President, research, development and commercialisation. According to a company release, Dr Kumar, a former President, R&D of Ranbaxy Laboratories, will lead and ...
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