CORPORATE
RESEARCH & DEVELOPMENT
Accutest Labs expands clinical research
Ahmedabad, Oct. 23 The New Mumbai-based Accutest Research Laboratories, a full-service clinical research organisation (CRO), on Tuesday inaugurated its second facility for clinical trial here with an investment of Rs seven crore. ...
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Cookson Electronics opens R&D centre in Bangalore
Cookson Electronics on Tuesday announced the opening of its research and development centre here that will support the company’s efforts to expand its market for innovative materials used in electronic assembly processes. Its ...
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ANNOUNCEMENTS
Korean co to make set-top boxes for Tata Sky
Chennai, Oct. 23 To keep pace with the demand, direct-to-home (DTH) service provider Tata Sky has entered into an agreement to buy set-top boxes from Korean manufacturer Kaon Media, which will set up a manufacturing unit in Uttaranchal ...
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ESOPS
Norms issued for stock options valuation
Computation of fair market value for FBT
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COURTS/LEGAL ISSUES
HC to hear Glivec issue on Nov 6
Novartis Q2 net up 70%
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FINANCIAL PERFORMANCE
Suzlon Energy: Making up for last quarter
Payment for REPower acquisition may impact financials
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IPR
Patent for 3 Suven products
Suven Life Sciences Ltd has secured three Indian product patents for its New Chemical Entities (NCEs) for the treatment of disorders associated with neuro degenerative diseases. According to a release, the patents (208688, 208714 and 209540) ...
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CORPORATE BONDS
Sujana Towers debentures
HYDERABAD: Sujana Towers Ltd (STL) has decided to issue 8 lakh optionally fully convertible debentures of Rs 100 each to IFCI Ltd, Hyderabad, the company has informed the BSE in a notice. In another resolution, the board also ...
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RESTRUCTURING
GMR’s verticals to have brand identities of their own
Hires Ray and Keshavan as brand, design consultants
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CORPORATE GOVERNANCE
Corporate governance: Survey lists pros and cons of family owned cos
Mumbai, Oct. 23 Family-owned companies dominate India’s corporate landscape, according to a new joint survey on Indian corporate governance by Moody’s Investors Service and ICRA Ltd. Such firms have specific characteristics ...
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NEW PROJECTS
GM setting up facility for powertrains
To launch its 2nd SUV ‘Captiva’, small car from global portfolio
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REGULATORY BODIES & RULINGS
USFDA nod for Sun Pharma drug
Sun Pharmaceutical Industries Ltd has announced that the USFDA has granted final approval for the company’s abbreviated new drug application (ANDA) to market its generic version of Novartis Exelon capsules. These capsules come in four ...
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ALLIANCES & JOINT VENTURES
ITC signs MoU with Nagaland, Spices Board
Kolkata, Oct. 23 ITC Ltd on Tuesday signed an MoU with the Government of Nagaland and the Spices Board for development of the famed Naga chilli through a host of initiatives across the agri-value chain.Under the MoU, ITC will undertake ...
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VENTURE CAPITAL
GVFL invests Rs 4 cr in Sahajanand Laser Tech
Ahmedabad, Oct. 24 Venture capital company GVFL has announced an investment of Rs 4 crore in Sahajanand Laser Technology Ltd (SLTL), a manufacturer of laser systems for the diamond industry. GVFL will make the investment from its Rs 29.6-crore ...
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Subhkam invests in MSK Projects
Subhkam Ventures, a private equity player, has invested Rs 33.6 crore in MSK Projects (India) Ltd through their investment entity Subhkam Holding Private Ltd. By subscribing to 40-lakh shares under preferential allotment, their holding in the ...
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OUTLOOK
Continental taps Siemens VDO to make India its strategic hub
New Delhi, Oct 23 Continental Automotive Systems (CAS), division of European major Continental Corporation, along with its recently acquired company Siemens VDO, plans to make India a strategic hub for future product technologies for the ...
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PERFORMANCE
Ashok Leyland reports modest sales figures; net dips 16%
Chennai, Oct. 23 Ashok Leyland has managed to retain volumes in a falling market and is continuing its capex and product upgradation plans in anticipation of a market recovery.For the second quarter ended September 30, 2007, Ashok ...
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