CORPORATE
ANNOUNCEMENTS
Cadila products get USFDA nod
Cadila Healthcare Ltd (Zydus Cadila) has received four product approvals from the US Food and Drug Administration to market Pravastatin sodium tablets 10, 20, 40 and 80 mg and tentative approvals for EscitalopramOxalate tablets, 5,10 and 20 mg, ...
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OPEN OFFERS
BASF raising its stake in Indian subsidiary to 75%
Plans to make open offer for 22.31% stake at Rs 274/share
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CREDIT RATING
S&P view on Tata Steel debt
Standard & Poor’s Ratings Services said on Thursday that the Rs 2,000-crore debt raised recently by Tata Steel Ltd (BB/Stable) in the domestic bond market, by itself, does not place any pressure on the ratings of the company. The agency ...
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MERGERS & ACQUISITIONS
Post-L&T Concrete buy, Lafarge grabs 25% market share
Acquisition to be funded by 50:50 debt-equity ratio
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NEW PROJECTS
Rane Group earmarks Rs 200 cr for expansion
New plant at Tiruchi for brake lining products on cards
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IOC rethink on greenfield refinery plan in TN
Project only on long-term horizon: Behuria
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Jain Irrigation to invest Rs 550 cr in Jalgaon
Mumbai, May 15 Jain Irrigation Systems Ltd has signed a memorandum of understanding with the Maharashtra Government for two mega projects entailing an investment of Rs 550 crore in Jalgaon. The investment will cover additional production of ...
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Phoenix Mills setting up luxury mall in Mumbai
Mumbai, May 15 Atul Ruia-promoted real estate company, Phoenix Mills, announced the market launch of its high-end exclusive luxury mall here on Thursday.The Rs 200 crore mall – Palladium - coming up at the mill campus, will spread ...
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ALLIANCES & JOINT VENTURES
Renault-Bajaj discussions on LCV at a nascent stage
Looking at various synergies in terms of products
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OUTLOOK
Lafarge bets largely on ready mix now
Mumbai, May 15 French cement maker Lafarge justifies the price it has agreed to pay for acquiring L&T Concrete (Rs 1,480 crore) on the ground that Ready Mix Concrete (RMC) market in India is in an early stage of its development and that it ...
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Honda’s compact car Jazz launch likely by 2009 end
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Current year will be a nightmare: IOC chief
Chennai, May 15 The Chairman and Managing Director of Indian Oil Corporation, Mr Sarthak Behuria, has said that the current year would be a “nightmare” in terms of under-recoveries, and said that no oil company would be able to ...
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Kenilworth plans two more hotels
Mumbai, May 15 The Kenilworth plans to open two more hotels in Coimbatore and Hyderabad by 2010.Currently, The Kenilworth has two hotels, one in Kolkata and the other in Goa. The new venture will require a total investment of about Rs ...
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PEOPLE
Inogent Lab gets new President
Mr Rajiv Varma has been appointed President of Inogent Laboratories, a Hyderabad-based custom synthesis and Actvie Pharmaceutical Ingredients (API) company. Mr Varma has more than 32 years of experience in the pharmaceutical industry. He has ...
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