CORPORATE
MODERNISATION
Fortis to inject Rs 25 cr into Malar Hospitals
Chennai, Sept. 13 Fortis Healthcare Ltd proposes to inject up to Rs 25 crore into Malar Hospitals to upgrade facilities, said Mr Daljit Singh, President, Fortis Healthcare.Fortis Healthcare, through its wholly owned subsidiary, ...
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ANNOUNCEMENTS
Suryachakra arms get carbon credits
Suryachakra Power Corporation Ltd has announced two of the company's 100 per cent subsidiaries -MSM Energy Ltd and Lahari Power & Steels Ltd - have been registered for availing carbon credits under Clean Development Mechanism. These will ...
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INSIGHT
The great Indian family business
The Indian family business dates back to the latter half of the 19th century, which also marks the beginning of business in India. It is not surprising then that family-run businesses currently account for a whopping 95 per cent of all Indian ...
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COURTS/LEGAL ISSUES
Lipitor case: Ranbaxy to contest Canadian court ruling
New Delhi, Sept. 13 In a temporary set back, a Canadian Federal Court has ruled that Ranbaxy Laboratories Ltd’s cholesterol lowering drug, atorvastatin, was infringing Pfizer’s patent (CA 2,220,018) for its registered drug Lipitor. ...
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MANPOWER
Clariant Chem offers VRS to Kolshet plant staff
Mumbai, Sept. 13 Speciality chemicals company Clariant Chemicals India Ltd (CCIL) is offering the Voluntary Retirement Scheme (VRS) to 145 workers at its dyes and chemical plant at Kolshet, Maharashtra. This is a prelude to closing this ...
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CREDIT RATING
‘One third of ratings not made public’
Mumbai, Sept. 13 More than one-third of the ratings given by rating agencies in India are not made public as they are below investment grade, according to Mr D. R. Dogra, Executive Director, Care Ratings. Since there is not much demand ...
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MERGERS & ACQUISITIONS
Ipca buys Australian co
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ABG may hold 51% in Western Shipyard
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Investment bankers upbeat on India
Mumbai, Sept. 13 India is largely insulated from the subprime crisis and will continue to see mergers and acquisitions, said investment bankers, speaking at a banking seminar. “Indian corporates are largely under-leveraged and we ...
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NEW PROJECTS
Andhra Pradesh offers sites for Ashok Leyland’s LCV plant
3 sites offered for the Rs 1,500-cr greenfield project
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Schneider Electric bullish on India
Set to commission tenth plant
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Cabinet panel nod for CIL unit’s expansion
New Delhi, Sept. 13 The Cabinet Committee on Economic Affairs on Wednesday approved the proposal for the expansion of Nigahi Opencast Project of Northern Coalfields Ltd, a subsidiary of Coal India Ltd, from 10 million tonnes per annum (mtpa) ...
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OVERSEAS INVESTMENTS
NTPC’s Lanka power plant to get new site
Original site ruled out as ‘politically-sensitive’
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BPCL arm, Videocon in pact to buy stake in Brazilian oil firm
Mumbai, Sept. 13 Videocon Industries Ltd and Bharat PetroResources Ltd ( a wholly owned subsidiary of Bharat Petroleum Corporation Ltd) have jointly entered into an agreement with EnCana Corporation and 749793 Alberta Ltd of Canada to ...
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REGULATORY BODIES & RULINGS
Dr Reddy’s gets USFDA nod for Ranitidine
Hyderabad, Sept. 13 Dr Reddy’s Laboratories Ltd has announced that the US Food and Drug Administration (USFDA) has granted final approval for its Abbreviated New Drug Application (ANDA) for Ranitidine (Zantac) 150mg tablet ...
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Aurobindo gets UK certificate
Aurobindo Pharma Ltd has announced that the UK-MHRA has issued a certificate of GMP clearance for its Unit-I situated at Borpatla, near Hyderabad. With this clearance, the API (active pharmaceutical ingredients) site completes one of the ...
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ALLIANCES & JOINT VENTURES
Ajanta Pharma in deal with Canadian co
Mumbai, Sept. 13 Ajanta Pharma has entered into an in-licensing agreement with Canada’s Prollenium Medical Technologies to exclusively market the latter’s dermal filler ‘Revanesse’ in India.Prollenium ...
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EVENTS
Visakha refinery completes 50 years
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SOCIETY & DEVELOPMENT
Fullerton, LV Prasad in tie-up
Hyderabad, Sept. 13 Fullerton India Credit Company Ltd (FICCL) and L.V. Prasad Eye Institute (LVPEI) have signed a memorandum of understanding for an outreach project called ‘Save the Eye’.Under the corporate social ...
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OUTLOOK
Ford plans capacity expansion at Chennai facility
Mumbai, Sept. 13 Ford India has plans to expand production capacity at its Chennai plant. According to Mr Scott McCormack, Vice-President, marketing and sales, the existing facility has a capacity of 65,000 units on an annual basis; the ...
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Dip in 2-wheeler sales hits India Nippon margins
Input costs increase; focus on cost control
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Ford to export Fiesta to South Africa
To be available in 3 variants
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PERFORMANCE
Size does matter when it comes to corporate performance
Companies with Rs 1,000-cr plus turnover grew the fastest in 2006-07: RBI
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PEOPLE
New President for AIMA
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