The Hindu Business Line : Wednesday, July 11, 2007

Dr Reddy’s launches new diabetes drugs
Hyderabad, July 10 The Hyderabad-based Dr Reddy’s Laboratories launched Glimy MP1 and Glimy MP2 for management of Type II diabetes.Glimy MP, a triple drug combination (Glimepiride, Metformin and Pioglitazone) was an extension of ... More

SAIL unit launches new software
The Raw Materials Division of SAIL will be introducing modern software in all its mechanised iron ore mines to achieve consistency in quality of iron ore lumps and fines. Consistency in chemical parameters is an important factor in improving ... More

Sub-division of Divi’s shares cleared
The board of Hyderabad-based Divi’s Laboratories Ltd has approved the sub-division of the equity shares of Rs 10 each of the company into five shares of Rs 2 each. It had also decided to close the share transfer books of the ... More

CORPORATE DISPUTES
Gas producers, consumers present case on pricing
ONGC, RIL want a price that would make exploration attractive More

NEW BUSINESS
GMR consortium bags Istanbul airport contract
New Delhi, July 10 GMR Infrastructure Ltd has made its first foray in the international arena. A joint consortium that includes the GMR Infrastructure Ltd has bagged the contract to develop Sabiha Gokcen International Airport in Istanbul. ... More

AWARDS & HONOURS
Award for Exide’s S.B. Ganguly
The EIM Lifetime Achievement Award, organised by Eastern Institute of Management (EIM), was given to Mr S.B. Ganguly, Chairman Emeritus, Exide Industries, here today. Mr Ganguly, who became the first recipient of this award, was selected by a ... More

LMW bags national award
Textile machinery manufacturer Lakshmi Machine Works Ltd, Coimbatore, has won the second prize for Excellence in Cost Management under the manufacturing category in the private sector. The award has been instituted by the Institute of Cost and ... More

FINANCIAL PERFORMANCE
SEBI’s new norm makes cos disclose results within 1 month of each qtr
‘Limited review report should follow results’ More

RESTRUCTURING
Balaji Amines revamps plant
Balaji Amines Ltd has announced that it has revamped its Methyl Amines plant by adding the required equipment. This has resulted in increase of its production capacity by 30 per cent which will increase the topline by about 15 per cent and ... More

MERGERS & ACQUISITIONS
WPP eyeing acquisitions in India
Bangalore, July 10 Communications services group WPP is looking at acquisitions in India and the rest of Asia as part of its growth strategy, said Mr Mark Read, Director of Strategy, WPP. The group is eyeing companies in non-traditional ... More

NEW PROJECTS
Protests against Jindal plant
Tempers run high in Vizag, Vizianagaram More

Minister visits BEML
The Union Minister of State for Defence Production, Mr Rao Inderjit Singh, visited the complexes of Bharat Earth Movers Ltd at Bangalore, Kolar Gold Fields and Mysore on Tuesday. The defence PSU said Mr Singh inspected the production facilities ... More

OVERSEAS INVESTMENTS
Virgo Engineers expands overseas, steps into China
More

Sundaram Info expanding in Australia
Sundaram Infotech Solutions Ltd has set up an office in Melbourne and plans to expand operations in Australia by forging partnerships with local companies to target the ERP and IT services market in Sydney and Brisbane. According to a ... More

ALLIANCES & JOINT VENTURES
AOL, Warner Brothers in tie-up
AOL has tied up with Warner Brothers to promote the latest Hollywood blockbuster Harry Potter & the Order of the Phoenix. AOL in association with Warner Brothers has launched a microsite More

Shasun in pact with Danish co
Shasun Chemicals & Drugs Ltd today announced that its wholly owned UK subsidiary Shasun Pharma Solutions Ltd has entered into a non-exclusive licensing agreement with H Lundbeck A/S, a research-based Danish company engaged in finding new ... More

SOCIETY & DEVELOPMENT
Rediff launches iShare
More

DIVERSIFICATION
‘RIL in talks with Ritz, Four Seasons to set up hotels’
Kolkata, July 7 Reliance Industries Ltd (RIL) is currently in talks with global hotel chains including Ritz Carlton and Four Seasons Hotels to set up business and luxury hotels in its proposed Special Economic Zones (SEZs) in Haryana and ... More

SICK UNITS
PM’s intervention sought to resolve FACT crisis
Kochi, July 10 Given the steep rise in raw materials cost, making it difficult for the public sector Fertilisers and Chemicals Travancore Ltd (FACT) to sustain production on a continuous basis, intervention of the Prime Minister has been ... More

OUTLOOK
Reliance Energy plans Rs 60,000-cr investment
Annual distribution in Mumbai, Delhi to grow at 8-10%: Anil Ambani More