CORPORATE
ANNOUNCEMENTS
Zydus Cadila gets USFDA nod for new products
Cadila Healthcare Ltd (Zydus Cadila) has received three product approvals from the US Food and Drug Administration, the company said in a release here today. The group has received approvals to market Benzonatate capsules in 100 and 200 mg, ...
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NEW BUSINESS
L&T bags Rs 990-cr orders
L&T has obtained two orders worth a total of over Rs 990 crore. The Engineering Construction and Contracts division of the company secured a Rs 114.4-crore contract from SAIL for turnkey construction of a gas-insulated substation
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AWARDS & HONOURS
Workplace award for Park Hotels
Park Hotels has won the 2007 Gallup Great Workplace Award instituted by the Gallup Organisation USA at a ceremony in Washington, says a press release. The award was received by Mr Vijay Dewan, Managing Director, Park Hotels. The ...
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Shree Cement gets `green' award
Shree Cement Ltd, an ISO 14001 company aiming at 20 million tonnes per annum capacity by 2012, has bagged the Golden Peacock Environment Management Award for the second successive year, said a release. Other previous recipients ...
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Lakshmi Machine bags export award
Lakshmi Machine Works Ltd (LMW) has been awarded (under medium enterprise category) for its outstanding performance in export of spinning machinery for 2005-06 by the Engineering Export Promotion Council. The award in the form of `gold trophy' ...
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RESTRUCTURING
RPG Life Sciences spins off pharma, investment arms
RPG Life Sciences Ltd (RPGLSL) has decided to spin off its investment and pharmaceutical arms into two separate companies under RPGLSL as the holding company. The move would not just clean up the pharmaceutical company's balance sheet, it would ...
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MERGERS & ACQUISITIONS
Jones Lang LaSalle, Trammell to merge India operations
Targets $100 m combined revenue by 2009
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Sam Balsara, Noomi Mehta acquire stake in PMG
Mr Sam Balsara, Chairman and Managing Director of Madison World and Mr Noomi Mehta, Chairman, Selvel Outdoor Advertising, have acquired a dominant stake in sports management company Professional Management Group (PMG). Mr Sumedh Shah along ...
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Orbit plans merger of subsidiaries
Mumbai-based construction company Orbit Corporation Ltd on Tuesday announced the merger of its three subsidiaries into itself. The company's board approved proposals for the merger of Orbit Constructions and Realtors Pvt Ltd, Orbit Buildcon and ...
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Suryajyoti Info stake in SSML
Suryajyoti Infotech Ltd has acquired 20,000 equity shares of Suryajyoti Spinning Mills Ltd (SSML) for a total value of Rs 12,31,369. The mode of acquisition was through the stock market. According to a notice to the BSE from ...
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ALLIANCES & JOINT VENTURES
Ansal, Fortis Healthcare may ink deal for Fortis Medicity
Ansal Properties and Infrastructure Ltd and Fortis Healthcare would soon sign an agreement for setting up Fortis Medicity in the real estate major's Sushant Golf City in Lucknow. The Fortis Medicity in Lucknow would have multi-speciality ...
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Praj Industries in joint venture with Aker Kvaerner
Bio-fuel solutions provider Praj Industries Ltd (PIL) and engineering and construction service company Aker Kvaerner formalised their strategic alliance into a 60:40 joint venture company christened BioCnergy Europe B V today. The new entity ...
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Descon, US co Jaintec tie up for design engineers
Descon Ltd, the Kolkata-based IT, ITES, CAD/GIS and power engineering consultancy company, has forged a tie-up with Jaintec of the US to generate "project-ready design engineers" in the region. A joint venture company, Jaintec-Descon Training ...
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SOCIETY & DEVELOPMENT
Social responsibility
CORPORATE AWARD: Mr David Hopper, US Consul General in Chennai, presenting the Corporate Social Responsibility Award for 2006-07 to Ms Naina Lal Kidwai, Country Head of HSBC Group, in the presence of Mr Ravi Katari, President, Rotary Club of ...
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SICK UNITS
Jairam Ramesh to discuss reopening of tea gardens
Union Minister visiting Kolkata today
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OUTLOOK
Areva in talks with Govt, BHEL, L&T
For supply of nuclear power equipment
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Reliance hopes to have gas price formula in place by July
Production in KG basin likely to start in July 2008
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Kenmore Property plans India foray by 2008-09
Scottish company acquires 20% stake in Indian Ocean Ventures
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Singareni identifies more blocks
Firms up plans to acquire mining rights in other States
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