CORPORATE
RESEARCH & DEVELOPMENT
Biocon to widen oral insulin trials
Biocon Ltd has said it presented the results of phase 1 studies on its oral insulin product, IN-105, at the European Association for Study of Diabetes meeting held in Amsterdam on Friday. Phase 1 studies were conducted on healthy volunteers who ...
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ANNOUNCEMENTS
Messe Munchen launches Indian subsidiary
Hyderabad, Sept. 19 Messe Munchen International (MMI), one of the world’s largest trade-fair companies organising international exhibitions and fairs in niche areas, has launched its Indian subsidiary with an office in Mumbai. The ...
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DIVIDEND ANNOUNCEMENT
Bharat Electronics declares 180% dividend
Bangalore, Sept. 21 Bharat Electronics Ltd has declared a 180 per cent dividend for 2006-07. This includes 40 per cent interim paid in February and amounts to its highest ever in 53 years, the Chairman and Managing Director, Mr V.V.R. Sastry, ...
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NEW BUSINESS
Essar Const bags Rs 186-cr pipeline project
Mumbai, Sept. 21 Essar Constructions (India) Ltd (ECIL), a subsidiary of Essar Projects Ltd, has secured a Rs 186-crore contract from Bharat Oman Refineries Ltd (BORL) for laying 504 km of a 930-km, 24-inch crude oil pipeline.The 930-km ...
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AWARDS & HONOURS
Mangalore Refinery gets award
Mangalore Refinery and Petrochemicals Ltd (MRPL) has received the Jawaharlal Nehru Centenary award for energy performance at Thiruvananthapuram. A company release said here that Mr R. Rajamani, Managing Director of MRPL, received the silver ...
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COURTS/LEGAL ISSUES
HC allows Bengal Govt plea on Haldia Petro
Upholds entry of IOC as partner; CLB order set aside
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RESTRUCTURING
GMR Industries to relist stock
The new securities of city-based GMR Industries will be relisted on the BSE and the NSE from September 24. The company had hived off the ferro alloys division into a separate company, with a view to focus on its core competency of sugar and ...
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MERGERS & ACQUISITIONS
FIPB wants probe into Danone pie in Avesthagen
‘Prima facie violation of FDI policy found’
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Holcim hikes stake in Ambuja Cements
Mumbai, Sept. 21 Swiss cement major Holcim has increased its shareholding in Ambuja Cements by 3.9 percentage points to 36.2 per cent. The company bought 6 crore shares for Rs 914 crore, at Rs 154 a share from two holding companies of the ...
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ALLIANCES & JOINT VENTURES
Amadasoft, IIT Madras in pact for research
Amadasoft (India) Pvt Ltd, a subsidiary of Japan-based Amada Group that is in the business of manufacturing a range of sheet metal working machinery, has signed a memorandum of understanding with IIT Madras to commence joint research activity. ...
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NHPC ties up Rs 300-cr loan from PFC
Gangtok, Sept. 21 National Hydroelectric Power Corporation Limited (NHPC) has signed three Memoranda of Agreement with Power Finance Corporation Limited (PFC) for credit aggregating to Rs 3,000 crore to fund its various hydroelectric projects ...
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SOCIETY & DEVELOPMENT
DuPont academy for street, working children
New Delhi, Sept. 21 DuPont India on Friday inaugurated the Academy for Street and Working Children in the slums of Chakrapur Village in Gurgaon. The academy is supported by DuPont India and run by a not-for-profit organisation Humana People to ...
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DIVERSIFICATION
Unitech plans foray into telecom services
Rush for new cell licences intensifies
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Bunge India to enter sugar manufacturing
Plans 7,000 tpd capacity in first phase
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OUTLOOK
Waters India turns 20, sees strong growth
Bangalore, Sept. 21 US lab solutions company Waters will continue to expand its initial service and support infrastructure into application and technology solutions, according to its worldwide President, Mr Art Caputo.He has just ...
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RAK Ceramics to make Indian arm a major contributor
UAE-based RAK Ceramics has announced major expansion plans that will make its Indian arm the largest contributor with 2 lakh square metre a day in the next three years.At present, the global production of tiles from RAK is put at 3 lakh ...
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Nilkamal to scale up retail business with @home chain
Targets Rs 70-cr turnover by March ’08
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Suzuki Motorcycle to invest Rs 150 cr
Suzuki Motorcycle India Pvt Ltd will invest Rs 150 crore within the next two-and-a-half years on expansion of production capacities and augmentation of its product portfolio. Manufacturing Facility The ...
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PERFORMANCE
Nalco metal sales hit high growth in 2006-07
MoUs with domestic cos help; ‘Zero Debt’ form intact
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PEOPLE
MD named for Eaton India
Diversified industrial manufacturer Eaton Corporation has named Mr Shyam Kambeyanda as the Managing Director for its India operations, effective from November 1. He will report to Mr James McGill, Eaton Vice-President, Asia Pacific, and be ...
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Ratnagiri Gas gets new Chairman
Mr R.K. Goel, Director (Finance), GAIL (India) Ltd, will be the new Chairman of Ratnagiri Gas & Power Private Ltd (RGPPL). According to a press release, Mr Goel will hold additional charge as Chairman of RGPPL, which is a company promoted ...
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