The Hindu Business Line : Tuesday, October 16, 2007

ANNOUNCEMENTS
Dabur Pharma launches cancer drug in UK
New Delhi, Oct. 15 Dabur Pharma has launched its chemotherapy drug paclitaxel in the United Kingdom. “It’s a big molecule for us, and will do significant business for us,” said Mr Ajay Vij, CEO, Dabur Pharma, declining to ... More

CORPORATE DISPUTES
Danone’s FDI issue slows proposal with Avesthagen
Ava Seed and Limagrain joint venture More

Ambanis’ accord binding on group cos: HC
‘Renegotiate gas supply pact’ More

OVERSEAS BORROWINGS
Parry Agro to issue 5 lakh shares
Parry Agro Industries Ltd plans to issue fresh equity capital of up to 5 lakh equity shares. According to information provided by the company to the stock exchange, the board of directors has approved the issue of fresh equity capital subject to ... More

NEW BUSINESS
Patel Airtemps bags Italian order
Patels Airtemp India Ltd has informed the BSE that it has received an order for high tech pressure vessels from Fasam SRL of Italy for a gas pipe line project in Iran. The order is worth 11.9 lakh euros (Rs 7 crore). The shares of the company ... More

Patel Engg hydel project in Arunachal
Patel Engineering Ltd on October 15 announced that it has enter into an MoU with the Arunachal Pradesh Government for setting up the 100 MW Gongri hydel project in West Kameng district. The project shall be implemented on BOOT basis for a lease ... More

Jindal Drilling bags ONGC order
Jindal Drilling & Industries Ltd has informed the BSE that the company recently won a contract worth Rs 660 crore for charter hire of the newly built jackup rig (Discovery-I) by ONGC Ltd. The contract is at operating day rate of $159,660 for ... More

Krypton export order from Holland
Krypton Industries Ltd has informed the BSE that the company has obtained an export order worth Rs 4.4 crore for export of tyres with wheels and other fittings to Pegasus Zorg of Holland. The company has entered into a joint venture with Karma ... More

COURTS/LEGAL ISSUES
RIL-RNRL dispute: Prolonged uncertainty
Issue may go back to court More

MERGERS & ACQUISITIONS
Lemon Tree acquires two hotels on lease
Pune, Oct. 15 The Lemon Tree Hotel Company has acquired Hotel President in Aurangabad and Hotel Planet in Indore, on a long-term lease. The transaction value is approximately Rs 40 crore, inclusive of deposit and renovation/refurbishment ... More

IndianOil seeks approval for BRPL merger
IndianOil has approached the Union Department of Company Affairs (DCA) for permission to take the shareholders nod on the proposed merger of Bongaigaon Refinery and Petrochemicals Ltd (BRPL) with itself, according to sources. Following ... More

NEW PROJECTS
Anti-POSCO activists free labourers
Bhubaneswar, Oct 15 Eleven labourers, who were detained by villagers opposing the proposed mega steel plant project of POSCO-India five days ago, were finally released on Monday evening. The anti-POSCO activists had abducted 10 carpenters and ... More

Carbon Products, ECS set up manufacturing unit
Eyeing automotive, electronics sectors for biz More

TRADE & LABOUR UNIONS
Strike at Sirpur Paper plant
Sirpur Paper Mills Ltd has informed the BSE that workers of the company at the Sirpur Paper Plant have resorted to an illegal strike from October 12 on annual bonus issue, resulting in total stoppage and disruption of production. The shares of ... More

ALLIANCES & JOINT VENTURES
Wockhardt in pact with UK co for acne product
Mumbai, Oct. 15 Wockhardt Ltd has forged an in-licensing agreement with the UK-based speciality pharmaceutical company Crawford Healthcare to market Zindaclin, a patented ‘once-a-day’ topical application for acne. The ... More

Assam project: BCPL signs feed supply pact with ONGC
New Delhi, Oct. 15 Brahmaputra Cracker and Polymer Ltd (BCPL) on Monday signed an agreement with ONGC for the supply of 1.35 metric million standard cubic metres per day (mmscmd) gas to the Rs 5,460-crore Assam Gas Cracker Project. The ... More

NTPC signs MoU with Bihar
NTPC Ltd has signed an agreement with the Bihar Government and the Bihar State Electricity Board (BSEB) to promote a joint venture company. A memorandum of understanding was signed between the power major and BSEB on October 14, NTPC said in a ... More

DIVERSIFICATION
Hero Motors enters home décor retailing
New Delhi, Oct. 15 The Hero Motors Group is foraying into retailing of high-end lifestyle and home decoration products, by partnering with Stalwart Homestyles, exporters of home décor items to international retail chains such as ... More

Suryajyoti to enter infrastructure business
Hyderabad, Oct. 15 Hyderabad-based Suryajyoti Spinning Mills Ltd plans to enter the business of building and contracts in the near future.In view of the big opportunities in the infrastructure area, the textiles company has initiated ... More

OUTLOOK
Taiwan’s SYM looking to make India an export hub
Launches 125-cc scooter Flyte in partnership with Kinetic Motors More

Greenko plans €80-m power investment thru arm
Seeks nod for converting Balaji Biomass into operating co More

DLF to invest Rs 16,000 cr
Real estate company DLF plans to invest Rs 16,000 crore over the next 3-4 years to develop up to 18 malls across the country. According to sources, the investment would flow into mall projects in Chennai, Hyderabad, Kochi, Kolkata, Bangalore, ... More

PEOPLE
Naresh Nayyar is Essar Energy CEO
Ahmedabad, Oct 15 Essar Energy Holdings Ltd, a subsidiary of Essar Global Ltd, on Monday announced the appointment of Mr Naresh Nayyar as the Chief Executive Officer (CEO) of Essar Energy Holdings Ltd (EEHL) and Managing Director of Essar Oil ... More