CORPORATE
ANNOUNCEMENTS
Wockhardt launches allergy drug in US
Mumbai, Jan. 1 Wockhardt Ltd has launched Cetirizine tablets in the US, after having received the regulatory approval to market different strengths of anti-allergy medicine Cetirizine Hydrochloride.Cetirizine is the generic version of ...
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PIL agent for Mangalore operations
Mangalore, Jan 1 Sea Master Shipping & Logistics Pvt Ltd, a Seaways Group company, has been appointed agent for the Singapore-based PIL (Pacific International Line) in Mangalore. PIL is one of the major container ship operators in the ...
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Vivimed Labs borrowing lid up
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COURTS/LEGAL ISSUES
Customs should re-assess duty paid in excess: HC
‘Desist from asking parties to move appellate authorities’
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CREDIT RATING
Allahabad Bank credit rating pact
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HUMAN RESOURCES
BEL wants employees to ‘chak de’
Bangalore, Jan. 1 Bharat Electronics Ltd is telling its employees to chak de (go for it!) and play the winning team in an increasingly competitive corporate world. The public sector defence ...
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RESTRUCTURING
IMPACT
Glenmark values domestic generic, API biz
Glenmark on Tuesday sought shareholder approval to sell its domestic generic and active pharmaceutical ingredients (API) business to its subsidiary Glenmark Generics for a consideration of not less than Rs 698 crore. This move marks a ...
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MERGERS & ACQUISITIONS
2 RPG Group cos to merge with KEC International
Mumbai, Jan. 1 Two RPG Group companies — RPG Transmission Ltd and National Information Technologies Ltd (NITEL) — would merge with KEC International Ltd by February. KEC is also part of the RPG Group and is a global player ...
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OVERSEAS INVESTMENTS
Coal Ventures invites merchant bankers for global mine hunt
Eyeing three routes for picking up assets abroad
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REGULATORY BODIES & RULINGS
Venus Remedies’ units get export nod for Europe
New Delhi, Jan. 1 Venus Remedies, the Chandigarh-based company focussed on injectibles, has received the European Good Manufacturing Practice certification for two of it plants. This will help it market its Cephalosporin and Carbapenem ...
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ALLIANCES & JOINT VENTURES
NELP VII: HPCL may tie up with LN Mittal group
Adopting consortium approach for acquiring acreages in India, abroad
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Telelogic signs $3.2-m defence deal
Telelogic, a global provider of software solutions for Enterprise Lifecycle Management (ELM), has announced that it has signed a five-year, $3.2-million licence and maintenance agreement with an Asia Pacific aerospace defence manufacturer. The ...
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INTERVIEW
The consumer today has increased focus towards high-value commodities
Hyderabad, Jan. 1 Mr S. Sivakumar, Chief Executive Officer of ITC’s Agri Business Division, is credited with pioneering the well-known eChoupal model that has attracted global attention. There are 6,500 eChoupals, covering about 50,000 ...
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DIVERSIFICATION
Anil Ambani nurturing Tech Reliance
Hyderabad, Jan. 1 For Reliance groups, it has always been about scale be it petrochemicals, communications, entertainment, power or finance. Now, Tech Reliance, under wraps, technology consultancy services provider of the ADAG Group, is set ...
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SICK UNITS
Dunlop’s Sahagunj facility halts on power supply cut
Kolkata, Jan. 1 Dunlop India’s Sahagunj facility has come to a grinding halt once again. West Bengal State Electricity Distribution Company (WBSEDCL) has stopped supplying power to the facility from December 24. According to Mr ...
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OUTLOOK
ITC to increase focus on health, wellness food products
A slew of products lined up for launch
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PERFORMANCE
Crude prices help Oil Palm India to post record net
Kottayam, Jan. 1 Oil Palm India Ltd ( OPIL) a joint venture of the Kerala Government and the Union Government, made an all-time high in its profit in the fiscal 2006-2007, said Adv V.B. Binu, Chairman, and Mr Mathew Jacob, Managing Director. ...
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TVS Motor decides to launch Flame in five cities this month
Chennai, Jan. 1 Unfazed by the ongoing legal tangle with Bajaj, TVS Motor Company has decided to roll out the TVS Flame motorcycle across five cities in January.The battle over whether or not the company may sell the motorcycle took a ...
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Guj Ambuja Exports may pay 20% this fiscal
Ahmedabad, Jan 1 With the market capitalisation of its equity shares crossing the Rs 1,000-crore mark on November 30 and turnover expected to cross the Rs 1,900-crore mark this fiscal, agro-processing major Gujarat Ambuja Exports Ltd (GAEL) is ...
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