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RESEARCH & DEVELOPMENT
Diabetes drug: Dr Reddy’s, Danish co start phase III trials
Hyderabad, Aug 1 Dr Reddy’s Laboratories and the Danish biopharmaceutical company Rheoscience today announced the commencement of the first phase III trial of Balaglitazone (DRF 2593), a potential drug for diabetes. Balaglitazone, ... More

PRIVATE PLACEMENT
West Coast Paper plans equities placement to overseas investors
Kolkata, Aug. 1 The West Coast Paper Mills Ltd has planned private placement of equities to a few overseas investors. Mr S.K. Banur, CMD, told Business Line that the placement was likely to be made some time in October. Through ... More

DIVIDEND ANNOUNCEMENT
Gujarat NRE Coke back in black
Ahmedabad, Aug 1 Gujarat NRE Coke Ltd’s operating profit for the first quarter ended June 30, has gone up by six times to Rs 62.68 crore compared with Rs 10.57 crore in the same period last fiscal.A company press release here said ... More

INSIGHT
It’s time retail shareholders had their say
More

COURTS/LEGAL ISSUES
Novartis moves HC for new IP Board member
Mumbai, Aug 1 Novartis has filed a writ petition at the Madras High Court for a new technical member on the Intellectual Property Appellate Board (IPAB). The recently set up IPAB is to look into the rejection of Novartis’ patent ... More

MERGERS & ACQUISITIONS
ICICI Venture deal with Ace
ICICI Venture today announced a definitive agreement with industrial mineral company Imerys to sell its 99 per cent stake in Ace Refractories Ltd. Imerys will acquire the stake through its wholly owned subsidiary Calderys. Ace has a global base ... More

OVERSEAS INVESTMENTS
Star City plans Australian foray
To open first serviced apartment by July 2008 More

Binani Cement to invest $100 m in Chinese co
Plans raising stake to 70% by September More

ALLIANCES & JOINT VENTURES
Alok Ind ties up with US co; net rises 104%
Mumbai, Aug. 1 Textile manufacturer Alok Industries Ltd has through its wholly owned subsidiary, Alok Industries International Ltd, incorporated in the British Virgin Islands, signed an exclusive licence agreement with New York headquartered ... More

Apollo Hospitals plans venture in Mauritius
Chennai, Aug. 1 Apollo Hospitals Enterprise Ltd plans to form a joint venture to set up a multi-speciality hospital in Mauritius. The joint venture has been formed with British American Investment Company (Mauritius) Ltd and is called British ... More

OUTLOOK
Toyota Kirloskar Motor yet to decide on small car
Bangalore, Aug 1 Toyota Kirloskar Motor has yet to take a firm stance on its plan to launch the compact car manufacturing in India even while reports suggest that the Indian subsidiary of the Japanese auto major was eyeing the proposal as part ... More

GAIL consortium may have hit 2nd dry well in Bengal basin
‘Yet to decide on future course of action’ More

PERFORMANCE
Earnings of Sensex cos grow 35% in June quarter
Manufacturing biggies reap benefits of strong rupee More

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