The Hindu Business Line : Thursday, January 17, 2008

RESEARCH & DEVELOPMENT
Ranbaxy 2006 research awards
The Ranbaxy Science Foundation announced its 19th annual research awards for 2006, which were presented by Nobel Laureate Professor Mr David Baltimore from the California Institute of Technology, US. The recipients were Dr Ashok R. Venkitaraman; ... More

ANNOUNCEMENTS
GAIL gets board nod for Dabhol-Bangalore pipeline project
Bangalore, Jan. 16 The board of directors of GAIL (India) Ltd has given in-principle approval for laying of the 730 km Dabhol-Bangalore gas pipeline. At its board and strategy review meeting held in Bangalore on Tuesday, the company management ... More

Apollo showcases winter tyres
More

Dr Reddy’s pain relief drug
Dr Reddy’s Laboratories Ltd has launched Supanac (Diclofenac potassium 50 mg tablets) in the Indian market. The product, in-licensed from Applied Pharma Research (APR), Switzerland is used for acute pain management. The patented product has ... More

PRIVATE PLACEMENT
PTC raises Rs 1,200 cr though QIP
New Delhi, Jan. 16 Power trading major PTC India Ltd has raised Rs 1,200 crore through the qualified institutional placement route. The company plans to use the net proceeds of the issue for enhancing its capital adequacy, ... More

NEW BUSINESS
NCCL bags orders worth Rs 502-cr
More

AWARDS & HONOURS
NMDC set to get Navratna status
Decks have been cleared for granting Navratna status to the biggest domestic mining company, NMDC. The Steel Ministry has said that the Government is likely to issue a notification in the next few days on the issue. “The Steel ... More

IDMA award for Natco Pharma
More

HUMAN RESOURCES
CXOs find desi cos more exciting than MNCs
More

MERGERS & ACQUISITIONS
Southern Ispat merger plan okayed
Southern Ispat Ltd’s board of directors has accorded in-principle approval for the merger of Kerala Sponge Iron Ltd and the Managing Director is authorised to carry on discussions with the board of Kerala Sponge Iron Ltd. The board also ... More

HC nod for Godavari Fert merger scheme
Hyderabad, Jan. 16 The Andhra Pradesh High Court has approved the scheme of amalgamation of Godavari Fertilisers and Chemicals Ltd with Coromandel Fertilisers Ltd, the company has informed the BSE. The scheme is operative with effect ... More

Essar Oil to pick 50% in Kenya co
More

NEW PROJECTS
Sabari Foundations plans residential complex in Siruseri
Sabari Foundations Pvt Ltd, part of the Sabari Group, is planning to develop a residential complex – Serenity — near the Sipcot Industrial town in Siruseri. According to Mr K.R.V. Ramani, Chairman of the Sabari Group, there ... More

Asian Granito starts tile production in Himmatnagar
Ahmedabad, Jan 16 Asian Granito (India) Ltd, which raised funds through an IPO in July 2007, began commercial production of wall tiles yesterday in its new plant at Himmatnagar, Gujarat, with a capacity of 50,000 tonne per annum. For the first ... More

OVERSEAS INVESTMENTS
Apollo Tyres setting up unit in Hungary
More

JSW Steel gets mining concessions
More

ALLIANCES & JOINT VENTURES
Tata Steel signs pact with Oman co for limestone
Mumbai, Jan. 16 Tata Steel has concluded a joint venture agreement with the Al Bahja Group of Oman for the development of the Uyun limestone deposits at Salalah in the Sultanate of Oman.Mr B. Muthuraman, Managing Director of Tata Steel, ... More

SOCIETY & DEVELOPMENT
Birla gesture to victims
More

Tata group internship for international students
Mumbai, Jan. 16 The Tata group has entered into a three-year agreement with the University of California, Berkeley, US and University of Cambridge, UK to provide internships to international students to work in community initiative projects of ... More

VENTURE CAPITAL
DISR funding for 2 cos
Two companies supported by the Technology Business Incubator of the Technopark Thiruvananthapuram have been chosen for funding under the Department of Scientific and Industrial Research’s Technopreneurship Promotion Programme. The two ... More

DIVERSIFICATION
Simplex to foray into thermal power production
More

RIGHTS ISSUE
Gujarat NRE announces rights issue
More

OUTLOOK
Schwing Stetter rides high on construction boom
Chennai, Jan. 16 Schwing Stetter (India), the German-owned company that manufactures ready-mix concrete making machinery, expects a 50 per cent jump in turnover in 2008, thanks to the booming construction industry. In 2007, the ... More

Vedanta chalks out $12.5-b investment plan
To increase production capacity for each of its primary metals More

Dr Agarwal’s to invest Rs 50 cr on expansion
Chennai, Jan. 16 Dr Agarwal’s Eye Hospital Ltd expects its turnover to double in the current year. Last year, it reported a turnover of Rs 21.5 crore. But according to Dr Amar Agarwal, Managing Director of the company, real growth will ... More

PERFORMANCE
Rolls-Royce global sales cross 1,000
Mumbai, Jan. 16 The global sales of Rolls-Royce Motor Cars increased by 25 per cent in 2007, compared to 2006, at 1,010 cars, said a release from the company. This is the first time that annual sales have reached four figures and the ... More