CORPORATE
ANNOUNCEMENTS
Hero Honda adds another Splendor
In an attempt to increase the number of offerings under the Splendor brand, Hero Honda Motors Ltd on Monday launched `Splendor NXG,' a model in the deluxe segment. Priced at Rs 40,990 and Rs 41,990 (ex-showroom Delhi), Splendor NXG would be ...
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Ranbaxy gets rights for 13 dermatology products in US
Ranbaxy Laboratories Inc, the wholly owned US subsidiary of the Indian pharma major, has acquired the rights to 13 dermatology products from Bristol-Myers Squibb (BMS) for a value of $26 million or Rs 105 crore. "The acquisition from BMS of ...
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NEW BUSINESS
Srei to prepare reports for 2 urban projects in Puri
Srei Capital Markets Ltd, a member of the Srei Group, has bagged two consultancy projects (preparation of DPRs) under the Jawaharlal Nehru National Urban Renewal Mission (JNNURM), Government of India, in Puri. The projects, awarded by the Puri ...
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MERGERS & ACQUISITIONS
Centre urged to expedite BHPV merger with BHEL
The Joint Action Forum of the Bharat Heavy Plate and Vessels Employees' unions here has urged the Union Government to expedite the proposed merger of the unit with BHEL. In a statement issued here on Monday, the forum leaders said they had met ...
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Jain Irrigation picking up stake in Israeli co
Jain Irrigation Systems has said that it has agreed to buy 50.001 per cent stake in an Israel-based company NaanDan Irrigation Systems for $21.5 million (Rs 87 crore). Of this amount, $10.5 million will be invested in NaanDan for the company's ...
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NEW PROJECTS
Penna Cements on expansion mode
Penna Cements is expanding its capacity to 6 mt per annum by setting up a new 2 mt plant at Boyireddipalli in Anantapur district, according to Mr M. Ravinder Reddy, Vice-President (marketing). At a press meet here, he said the company had a ...
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ONGC may kick off Jharkhand coal-bed methane project soon
Expected to spud the first development well in June
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Sahil setting up business hotel
Sahil Resorts, Agrifields and Farms Ltd is expanding its hospitality business with a 250-room five-star business hotel at Balewadi on a four-acre plot. The cost of the project is Rs 300 crore, said Mr Vinay Phadnis, Chairman and ...
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TNEB plans 1,600 MW project near Tuticorin
The Tamil Nadu Electricity Board (TNEB) is proposing to put up a 1,600 MW coal-based power project at Udankudi, near Tuticorin, said Chief Minister Mr M. Karunanidhi today. Speaking at the Chief Ministers' Conference in New Delhi, he said that ...
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GL Hotels plans expansion
GL Hotels, of Gaylord's and Kwality restaurant fame and also a BSE listed company, announced its expansion plan involving a capex investment of around Rs 600 crore in the first phase, over the next three years, a press release said. The ...
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SOCIETY & DEVELOPMENT
Eli Lilly launches diabetes awareness campaign
Eli Lilly hopes to provide free treatment to 50,000 diabetics across 50 cities over a period of three years. The campaign, `Peaks and Valleys Complications Check Camp' was launched on Monday and targets high-risk diabetes patients with the hope ...
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Saint-Gobain begins career guidance initiative
Corporates must form a symbiotic relationship with local administration to achieve greater synergy while discharging their corporate social responsibilities, said Mr B. Santhanam, Managing Director, Saint-Gobain Glass India Ltd and Chairman, ...
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BONUS ANNOUNCEMENTS
Unitech Q4 net jumps to Rs 357 cr
To invest Rs 10,000 cr in malls, hotels
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STANDARDS & BENCHMARKS
Safety concerns on GSK's Avandia may have `class effect'
Co preparing submission for authority, to answer doctor queries
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OUTLOOK
Cabana to invest $1.2 b in Best Western hotels in India
Best Western International, a US-based hotel chain brand with global presence, appointed Cabana Hotel Management Private Ltd as its master licensee, here on Monday. Cabana group will also invest $1.2 billion for building new hotels and ...
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Mahindra working on two new vehicle platforms
Will invest Rs 600 crore in each of the two new projects
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International Tractors looking at offloading 5% stake to PE firm
Plans Rs 800-cr IPO by current fiscal end
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Macneill Engg unveils diesel forklift range
Material handling company Macneill Engineering Ltd has rolled out a new range of diesel forklift trucks of 1.5-10 tonnes capacity. These forklifts, manufactured at the company's Kolkata factory in technical collaboration with a Taiwanese firm, ...
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Glenmark starting phase II trials on pain drug molecule
In talks for licensing out molecule to help develop it further
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SAIL capacity expansion target
Steel Authority of India Ltd (SAIL) on Monday announced that it would increase its installed capacity to 24.98 million tonnes by 2010 form the present level of 13 million tonnes. Initially, the expansion plan of the company was ...
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