CORPORATE
RESEARCH & DEVELOPMENT
Advinus collaborates with local cos for research
Domestic drug makers are forging global alliances not just with overseas companies, but they are also partnering with local companies to undertake research for the development of new drugs, said Dr Rashmi H. Barbhaiya of Advinus Therapeutics. ...
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OVERSEAS BORROWINGS
Parekh Aluminex plans Rs 125-150 cr GDR/FCCB issue
Small cap company Parekh Aluminex plans to raise funds via Global Depositary Receipt or foreign currency convertible bonds. The company makes aluminium foil food container. Mr Amitabh Parekh, Chairman & Managing Director of Parekh Aluminex, ...
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OUTSOURCING
VW holds supplier meet
Volkswagen's first supplier conference was hosted in Mumbai on Wednesday and was attended by 250 suppliers from India and abroad. Mr Joerg Mueller, President, Volkswagen India Pvt Ltd, said, "Our objective is to establish VW as a ...
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ENVIRONMENT
SAIL identifies projects for CDM
SAIL has embarked on the road to Clean Development Mechanism (CDM) and identified projects in the integrated steel plants to ensure a clean environment. Rourkela Steel Plant is a pioneer in this process followed by the Bhilai ...
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TECHNOLOGY
Amul Dairy installs vapour absorption machine
Installing India's first vapour absorption machine in dairy sector, Amul Dairy is set to lead the sector on energy front too. With Amul products now being exported to 40-odd countries, the products' prices have to be competitive across global ...
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CONSULTING
Fides Global plans Coimbatore office
Fides is currently doing a 120-hour industry orientation programme for these candidates.
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NEW PROJECTS
Tata Steel's Orissa plant makes a start
Rs 167-cr contract for HCC
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SKF to invest Rs 270 cr in greenfield project
SKF, supplier of products, solutions and services in rolling bearings, seals, mechatronics, services and lubrications systems, on Thursday announced an investment of 450 million Swedish crowns (Rs 270 crore) to build a greenfield factory in India ...
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Superhouse plans Rs 50 cr capex
The Uttar Pradesh-based leather products manufacturer Superhouse Ltd plans to scale up its footwear manufacturing capacity to 15,000 pairs per day from the existing 10,000 pairs per day. The company plans to invest Rs 50 crore ...
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OVERSEAS INVESTMENTS
Mahindra launches Pik-Up in Australia
Mahindra & Mahindra has announced the launch of the utility vehicle Mahindra Pik-Up in Australia in partnership with TMI Pacific. The Pik-Up has a 2.5-l common rail turbo diesel engine, which meets the Euro-4 emission standards. The vehicle ...
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US company Signet Solar plans $2-b investment in India
Three photovoltaic manufacturing facilities to be set up
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REGULATORY BODIES & RULINGS
GSK's diabetes drug may need addl warning
Cos await regulator's directive
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ALLIANCES & JOINT VENTURES
Biocon ties up with Australian varsity
Biocon Ltd has signed an MoU with Australia's Deakin University for collaboration in research and education. The two will set up the Deakin Research Institute in Bangalore. They will jointly develop a mammalian cell bio-processing facility at ...
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OUTLOOK
Marico still hungry for acquisitions
After acquiring a slew of brands recently, Marico is in restructuring mode even as it hunts for more buys in its segment. "Marico would always be looking out for acquisitions. Some proposals are under active consideration," Mr Milind Sarwate, ...
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Tata Motors cuts car production by 20%
To launch Xenon, Winger, soft-top Ace in June
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PERFORMANCE
Indo Rama Synthetics sales up
Indo Rama Synthetics Ltd has announced a jump in sales during the first two months of this fiscal following the capacity expansion at its Nagpur unit going on stream. The company's combined sales during April-May 2007 was up 63 per cent at ...
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PEOPLE
AstraZeneca appointments
AstraZeneca Pharma India Ltd's MD, Mr Bhasker Iyer, is moving to Singapore on promotion as Area Vice-President, South-East Asia and India. The company said Mr Iyer is the first person from India to take over the prestigious ...
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