CORPORATE
MODERNISATION
Increase production capacity of steel: PM
SAIL Bokaro plant expansion flagged off
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ANNOUNCEMENTS
Eveready, Phoenix Lamps end pact
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DIVIDEND ANNOUNCEMENT
Exide net jumps 62%; to pay 40% dividend
Kolkata, April 22 Exide Industries posted 62 per cent growth in net profit to Rs 63 crore in the January-March 2008 quarter compared to Rs 38.5 crore during the corresponding period in the previous year, according to a company release. ...
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ESOPS
Dr Reddy’s allots ESOPs
The compensation committee of the board of directors of Dr Reddy’s Laboratories Ltd has allotted 10,866 equity shares of Rs 5 each on April 21 to the employees who had exercised their stock options. The allotment was in accordance with Dr ...
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FOREX
Forex losses eat into Jubilant’s margins
New Delhi, April 22 Indian pharmaceutical company Jubilant Organosys Ltd on Tuesday reported an 8.8 per cent year-on-year drop in fourth-quarter net profit, primarily due to foreign exchange losses. Consolidated net profit for the ...
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MERGERS & ACQUISITIONS
‘Delayed disclosure’ on Solrex causes investor concern
Mumbai, April 22 The mysterious antecedents of Solrex have finally been revealed by Ranbaxy, but the truth has left some investors concerned at what they say is a ‘delayed disclosure’.After months of silence — on ...
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NEW PROJECTS
Same India mulls shifting operations near Chennai
Looks eastward to leverage local capabilities
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ALLIANCES & JOINT VENTURES
Orchid enters into strategic alliance with Ranbaxy
Joint manufacture, marketing of drugs across geographies
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Ranbaxy first quarter net rises 7.2% at Rs 153 cr
Close to concluding a strategic alliance in the area of drug discovery
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Jones Lang in tie-up with Australia co
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IMPACT
Ranbaxy goes for ‘alliance’ with Orchid
Clarity over profit-sharing needed
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EVENTS
‘Industry should avoid short-term gains’
Jamshedpur, April 22 The Prime Minister, Dr Manmohan Singh, on Tuesday advised the steel industry to avoid falling prey to the “temptation of seeking windfall gains from market manipulation in a period of excess ...
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SOCIETY & DEVELOPMENT
NTPC provides PCs, software to Devnar Foundation
Hyderabad, April 22 In a move that would help the visually-challenged people, NTPC Ltd has provided computer and software support to the Devnar Foundation for the Blind, Hyderabad. JAWS for Windows (job access with speech), a screen ...
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BONUS ANNOUNCEMENTS
Biocon Q4 net up 7.6% on biopharma, contract research
1:1 bonus issue declared; separate cardiology unit formed
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OUTLOOK
Reliance Power to expedite hydro projects
Hyderabad, April 22 The hydro power business of Reliance Power, which is poised to invest about Rs 10,500 crore in three projects with total capacity of 2,100 MW, is in the process of expediting clearances and also achieve financial closure ...
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Biocon looking abroad for good buys
Bangalore, April 22 Biocon is looking at more inorganic growth by buying partial or full stake in products and services companies; the hunt is mainly in the US and Europe, its CMD, Ms Kiran Mazumdar Shaw said. A few months back, it ...
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PEOPLE
OIL awaits nod for appointment of independent directors
Oil India Ltd (OIL) is expecting the Centre to clear appointment of independent directors to be over by next month. This will clear the deck for the company to hit the capital market with its proposed Rs 1,400-crore initial public offering ...
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