CORPORATE
RESEARCH & DEVELOPMENT
Argenta, Dr Reddy’s develop respiratory drug
Hyderabad, Nov. 26 In the quest to develop drugs to treat certain chronic respiratory diseases, Dr Reddy’s Laboratories and Argenta Discovery Ltd, UK have announced milestone developments, including the first candidate drug to enter ...
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ANNOUNCEMENTS
Lafarge to resume Meghalaya mining this week
Kolkata, Nov. 26 French cement company Lafarge is resuming limestone quarrying operations and restarting movement of limestone to its Bangladesh plant this week after more than six months of complete halt at Nongtrai mine in Meghalaya. ...
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CORPORATE DISPUTES
Bajaj brothers trying for ‘out-of-court settlement’
New Delhi, Nov. 26 The Bajaj brothers — Mr Rahul Bajaj and Mr Shishir Bajaj — informed the Company Law Board (CLB) that the negotiations for an out-of-court settlement were still going on.During the proceeding at the CLB on ...
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DIVIDEND ANNOUNCEMENT
Walchandnagar declares 100% dividend
Walchandnagar Industries Ltd’s board of directors has recommended special ‘Centenary Dividend’ of 100 per cent on the equity shares of Rs 10 each as the company is entering its centenary year on November 25, 2007. The board ...
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IREDA pays dividend to Govt
Indian Renewable Energy Developer Agency Ltd (IREDA), a public sector enterprise under the Ministry of New and Renewable Energy, presented a dividend cheque of Rs 7 crore to the Government for 2006-07. The dividend cheque was presented by Mr ...
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NEW BUSINESS
Sadbhav bags Chhattisgarh projects
Sadbhav Engineering Limited has been awarded projects worth Rs. 99.01 crore by the Government of Chhattisgarh. – Our ...
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IVRCL bags Chhattisgarh project
IVRCL Infrastructures and Projects, the Hyderabad-based infrastructure company, will construct the State Secretariat building for Chhattisgarh. The company bagged a Rs 179.12-crore order from Naya Raipur Development Authority in this regard. The ...
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AWARDS & HONOURS
Quality award for BHEL, Tiruchi
A Quality Circle of BHEL, Tiruchi has bagged the ‘Golden Award’ at the International Convention held in Beijing, China, recently. The QC Team comprising Mr R. Palanivel, Leader; Mr TR Deenadayalan, Deputy Leader; Mr S. ...
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Minda bags national R&D award
Auto component maker Minda Industries Ltd has been awarded the National R&D Award 2007, by the Department of Scientific and Industrial Research under the Ministry of Science and Technology. This has been conferred for developing new handle ...
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RESTRUCTURING
Rain Calcining merges with Rain Commodities
Hyderabad, Nov. 26 Rain Commodities Ltd has merged Rain Calcining Ltd, while the cement business of Rain Industries is transferred to it, as per a scheme of amalgamation approved by the Andhra Pradesh High Court. The company has ...
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Godrej's medical diagnostics biz
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NEW PROJECTS
JSW to invest Rs 40,000 cr in 3 years
Lines up Rs 7,500-cr investments in TN
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Soktas India setting up plant with IFC funding
New Delhi, Nov 26 International Finance Corporation (IFC), the World Bank’s private sector lending arm, said on Monday it would invest $45.8 million in Turkish textile maker Soktas and its Indian subsidiary, Soktas India. The ...
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Reliance Power in talks to raise debt for Sasan project
Company eyeing a debt-equity ratio of up to 90:10
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NTPC clears Rs 7,245-cr proposals
NTPC Ltd’s board of directors on Monday cleared investment proposals of Rs 7,244.9 crore. According to a statement issued by NTPC to the BSE, the company will set up a greenfield 2x500 MW coal-based power plant in Mauda, Amravati district, ...
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OVERSEAS INVESTMENTS
PTC diversification plans seen positive
Would help the company stay on the growth path
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ALLIANCES & JOINT VENTURES
Glitnir ties up with LNJ Bhilwara for geothermal plants
Locations identified in J&K, Himachal
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Dr Reddy’s tie-up with Sygnis could improve earnings
Will benefit more when AX200 is commercialised
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VENTURE CAPITAL
GVK Bio raises Rs 100 cr from Sequoia Capital
Funds to be used for expansion activities
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OUTLOOK
Ceat to finalise plans for truck radial plant by year end
Talks with collaborators at advanced stage
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Ural India may set up small car facility
Mulling collaboration with Russian company
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Jindals seek to develop mines in Salem, Tiruvannamalai
Chennai, Nov 26 The Jindal group today reiterated its request for permission to develop iron ore mines in Salem and Tiruvannamalai to feed the steel units of Southern Iron and Steel Company Ltd (SISCOL). After taking over SISCOL in 2004 ...
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PEOPLE
Rohtash Mal to head Escorts’ agri machinery group
New Delhi, Nov 26 Agri machinery and components maker, Escorts on Monday announced appointment of Mr Rohtash Mal as the Executive Director and Chief Executive Officer of the company’s agri machinery group. Prior to this, Mr Mal ...
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