The Hindu Business Line : Friday, August 10, 2007

ANNOUNCEMENTS
Torrent launches laxative
The Ahmedabad-based Torrent Pharmaceuticals Ltd has launched a bulk laxative in tablet form, the company said in a release. The market for bulk laxatives is around Rs 40 crore and growing at eight per cent annually. The tablet, Fibotab, offers ... More

AIDS drug not sold in Africa, says Cipla
Mumbai, Aug. 9 Not one pack of AIDS drug Viraday has been sold by Cipla in Africa till date, the company has said, refuting charges of over-pricing made by AIDS Healthcare Foundation (AHF). The AHF had in newspaper advertisements on ... More

Pavit Ceramics plans new range of wall cladding tiles
Ahmedabad, Aug 9 Pavit Ceramics, a Gujarat-based vitrified tiles maker, is introducing a new range of tiles in October to clad the walls of sky-scrappers, malls and other buildings in a bid to discourage use of glass on the exterior walls, ... More

Biocon to market Abraxis drug
Biocon Ltd and US company Abraxis BioScience Inc have announced a licensing agreement for marketing breast cancer drug Abraxane in India. Biocon will also have the right to market the chemotherapy drug in Pakistan, Bangladesh, Sri Lanka, the UAE, ... More

OVERSEAS BORROWINGS
‘ Profits to be hit; interest expenses may go up’
Large/medium cos to bear the brunt: IndusInd Bank Executive V-P More

ECB curbs: Negligible impact on infrastructure sector
Industry officials and infrastructure sector experts don’t think the curbs imposed by the Finance Ministry on external commercial borrowings (ECBs) may make much of a difference to the sector. Nor do they think the expected rise in ... More

NEW BUSINESS
BHEL bags Rs 2,900-cr order
New Delhi, Aug. 9 Engineering major Bharat Heavy Electricals Ltd (BHEL) has bagged a Rs 2,900-crore contract for supply of equipment for Aravali Power Company’s upcoming Jhajjar Super Thermal Power Project in Haryana. The order ... More

AWARDS & HONOURS
MRPL bags safety award
Mangalore Refinery & Petrochemicals Ltd (MRPL) has won the ‘Oil Industry Safety Award’ for 2006-07. A company release said here on Wednesday that MRPL has been adjudged second in the refineries category and this marks the entry of ... More

COURTS/LEGAL ISSUES
HC stays IPAB proceedings on Novartis plea
More

CORPORATE BONDS
Double-digit yield platform for Nabard’s Bhavishya bond
‘Post-tax simple yield at 12.82% will compare favourably with an FD’ More

MERGERS & ACQUISITIONS
Sagar Cements scouting for buys in Meghalaya, Orissa
Planning to hike clinker capacity More

Haier buys out Anchor Daewoo appliance biz
Pune, Aug. 9 Haier Appliances India Pvt Ltd, a wholly owned subsidiary of the Haier Group, today signed an agreement to buy out the appliance business of Anchor Daewoo Industries Ltd. The purchase agreement includes the acquisition of a ... More

NEW PROJECTS
Praj Ind opens unit at Kandla SEZ
Praj Industries, a player in bio-fuel technology, has inaugurated a manufacturing unit at the Kandla Special Economic Zone (SEZ). Further expansion is on the anvil and is expected to be completed by December, Mr Pramod Chaudhari, Chairman, ... More

OVERSEAS INVESTMENTS
Essar Steel settles workers’ issues at Canadian plant
New Delhi, Aug. 9 Essar Steel Holdings, the subsidiary of Essar Global, has arrived at a settlement at its recently acquired Algoma Steel, Canada sorting out the issues that had threatened a possible work stoppage by the United Steelworkers ... More

ALLIANCES & JOINT VENTURES
JK Paper ties up with UN to sell carbon credit of farmers
Six districts of AP, Orissa to benefit from the programme More

Cairn, ONGC may join hands to develop 2 fields
Ambe and North Tapti offshore marginal gas fields More

SOCIETY & DEVELOPMENT
Nurturing socially disadvantaged engineers
Chennai, Aug. 9 In an innovative experience Infosys Technologies has financed the training of 100 qualified engineers from socially disadvantaged classes such as Scheduled Caste and Scheduled Tribes, and facilitated their employment in top ... More

MRPL aid for mid-day meal scheme
Samrakshan – the corporate social responsibility programme of Mangalore Refinery and Petrochemicals Ltd (MRPL) – has joined hands with Akshayapatra Foundation of International Society for Krishna Consciousness (ISKCON) to provide ... More

SICK UNITS
SPIC may resume operations next week
Chennai, Aug. 9 Southern Petrochemical Industries Corporation (SPIC), whose fertiliser plant at Tuticorin has remained shut for want of working capital, is likely to resume operations from next week, sources say.This follows a decision ... More

OUTLOOK
Volvo plans to promote brand through Ocean Race
Mumbai, Aug. 9 Volvo Cars India, one of the latest entrants in the luxury cars, is looking at endorsing sports, particularly sailing, as a brand promotion tool for its range of cars.According to Mr Paul De Voijs, Managing Director, the ... More

ONGC will hire 17 onland drilling rigs by Dec
Kolkata, Aug 9 ONGC is hoping to complete hiring of 17 onland drilling rigs within this calendar year. This is the first time an Indian E&P major will be hiring onshore rigs. While contracts for four rigs are expected to be awarded in next ... More

`Enfield faces no threat from Tata's Rs 1 lakh car'
`No plans to go for another plant' More

ECB curbs may see more borrowings at home
Bankers divided on uptick in loan rates More