CORPORATE
ANNOUNCEMENTS
Great Eastern Energy reports growth in CBM reserves
Expected to start commercial production in July
More
Ispat scales up power project
Ispat Industries has doubled the size of its proposed power project in Chhattisgarh to 1,200 MW, through a new memorandum of understanding signed with the State Government, the company informed the stock exchanges. In January ...
More
Alkem Lab unveils wound-care product
Alkem Laboratories Ltd, one of the leading pharma companies in the country, has introduced imported wound care product - Oxum — in the Kerala market, which is used for cleaning, debriding and moistening chronic and acute wounds. The ...
More
PREFERENTIAL ALLOTMENTS
The fall from favour of preference shares
A recent amendment treats all preference shares issued to non-residents, other than compulsorily convertible preference shares, as "loan" which requires conformity with the ECB guidelines.
More
OVERSEAS BORROWINGS
Shri Adhikari FCCB issue
Shri Adhikari Brothers Television Network Ltd has allotted 1.5 per cent foreign currency convertible bonds aggregating $7 million. The FCCB issue closes on Wednesday and the said bonds are to be listed on Singapore Stock Exchange ...
More
NEW BUSINESS
Suzlon's US subsidiary bags turbine contract
Suzlon Wind Energy Corporation, the US-based subsidiary of Suzlon Energy A/S of Denmark, has won a wind-turbine contract that could be worth between Rs 3,200 crore and Rs 3,700 crore. The order is for the equivalent of 630 MW from the ...
More
GMR Hyderabad awards ground handling contracts
GMR Hyderabad International Airport Ltd (GHIAL) has awarded ground handling contracts of third party airlines to two consortia - Menzies-Bobba and SATS-Indian Airlines-Air India. The airport company has decided to give the contract to two ...
More
Alstom bags Rs 255-cr Delhi Metro contract
French rolling stock major Alstom has bagged a Rs 255-crore contract from Delhi Metro Rail Corporation to design, manufacture, supply, install and commission the train control and signalling system for Delhi Metro's two phases. Alstom ...
More
Nokia bags BSNL contract
Nokia Siemens Networks has won part of a 6-million line contract from Bharat Sanchar Nigam Ltd (BSNL) for setting up broadband infrastructure. The project envisages setting up broadband services across 283 cities in 17 States. ...
More
COURTS/LEGAL ISSUES
Appellate board to hear Novartis case on June 18
The Novartis case on the rejection of it's patent application on cancer drug Glivec is scheduled to come up for its first hearing before the recently-formed Intellectual Property Appellate Board (IPAB) on June 18. Novartis had initially ...
More
Novartis case at Madras High Court awaits judgment
Even as Novartis' case on the rejection of its patent application on cancer drug Glivec comes up for its first hearing at the Intellectual Property Appellate Board, the company continues to fight another case at the Madras High Court where it ...
More
HUMAN RESOURCES
LG Electronics brings down attrition levels
Employee outgo drops to 8-9%
More
RESTRUCTURING
Sharp equity capital write-down
The equity capital of Sharp Industries Ltd will be written down by 95 per cent of its existing paid-up equity capital as the Bombay High Court has approved the company's proposed Scheme of Compromise and Arrangement under ...
More
NEW PROJECTS
Ambuja Realty developing 4 high-end luxury hotels in Bengal
Will invest Rs 1,000 cr in these projects; scouting for partners
More
Mudhra Group forays into fine blanking
The Group plans to progressively ramp up MFB's capacity to 100 million components in the second phase.
More
AP allots 10,670 acres for Kadapa steel plant
CM to lay foundation stone on June 10
More
H&R Johnson plans 5 new facilities
The Rs 900-crore H&R Johnson (India) Ltd - a Raheja group company - is setting up five cement tile manufacturing facilities in the country at a total investment of Rs 40 crore. Cement tiles are required primarily for ...
More
OVERSEAS INVESTMENTS
Rajesh Exports' overseas plans
The Board of the diamond and jewellery company Rajesh Exports Ltd has authorised Mr Rajesh Mehta, the company's Executive Chairman, to identify, negotiate and conclude opportunities for overseas joint ventures/takeovers. The ...
More
REGULATORY BODIES & RULINGS
APL's Ciprofloxacin gets nod
Aurobindo Pharma Ltd (APL) has announced that the US Food and Drug Administration (US FDA) has approved its Ciprofloxacin tablets in strengths 250, 500 and 750mg. Ciprofloxacin is the generic international name for the synthetic ...
More
Tentative nod for Zydus drug
The Ahmedabad-based Cadila Healthcare Ltd (Zydus Cadila) has received tentative approval for Topiramate tablets in the strengths of 25 mg, 50 mg, 100 mg and 200 mg from the US Food and Drug Administration (USFDA). The branded sales of ...
More
US nod for two more Strides drugs
Strides Arcolab Ltd has announced that it has received tentative USFDA approvals for two new applications for HIV drugs. They are fixed dose combinations of Lamivudine/Stavudine 150 mg/40 mg tablets and Lamivudine/Zidovudine 150/300 mg tablets ...
More
DIVERSIFICATION
Call of the mall
Bombay Dyeing's energies are now focused on its foray into retail and real estate.
More
OUTLOOK
Honda Siel chalks out long-term strategy for India
Rules out plans to set up an R&D base in the country
More
Watchmaker Jaeger-LeCoultre mulls launching six new models
Luxury Swiss watchmaker Jaeger-LeCoultre plans to launch six new models in the country over the next eight to 10 months. According to Mr Sahni Gurinder, Chief Executive, Jaeger-LeCoultre Boutique: "We are on a growth path in India and in the ...
More
PEOPLE
Sharma is top choice for ONGC
After interviewing 26 candidates of the 28 short-listed, the search committee headed by the Public Enterprise Selection Board (PESB) Chairman, Mr N.K. Sinha, is understood to have recommended the name of Mr R.S. Sharma for the ...
More
Comments & Letters to the Editor to: bleditor@thehindu.co.in
Subscribe to: Business Line
|
RSS Feeds