CORPORATE
DIVIDEND ANNOUNCEMENT
Divi’s Labs annual net surges 87% on higher sales
Hyderabad, June 7 Active Pharmaceutical Ingredients (APIs) and intermediaries manufacturer Divi’s Laboratories Ltd’s net profit decreased by 5 per cent to Rs 94.37 crore in the fourth quarter ended March 31, 2008 compared with Rs ...
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Berger Paints to pay 25% dividend
The board of directors of Berger Paints India Ltd has recommended a dividend of 25 per cent on the equity shares of the company for the year ended March 31, 2008. According to a company press release issued here, Berger Paints recorded gross ...
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IPR
Dr Reddy’s seeks declaratory verdict on Nexium in US
Hyderabad, June 7 In pursuance of its ongoing litigation on cardio drug Nexium (Esomeprazole), pharma major Dr Reddy’s Laboratories Ltd filed for a declaratory judgment on its patents in a US court.“While we cannot say the ...
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MERGERS & ACQUISITIONS
Favourable tallwinds
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NEW PROJECTS
Long wait for Posco’s steel project in Orissa
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Nalco embarks upon Rs 40,000-cr expansion plan
In a bid to emerge as a company of global repute, public sector aluminium major National Aluminium Company Ltd (Nalco) has announced major expansion plans with an estimated investment of over Rs 40,000 crore during next five years. The ...
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Reliance Petro refinery set to go on stream before Dec
‘It will start generating revenues from this year itself’
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OVERSEAS INVESTMENTS
IOC, Oil India acquire stake in Reliance’s East Timor block
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ALLIANCES & JOINT VENTURES
Transgene, Mentor Pharma sign pact
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For gas
GAIL and Tamil Nadu Industrial Development Corporation will assess the demand for gas and the support infrastructure required for it in the State. The agreement provides for a joint study to assess the medium and long-term demand potential for ...
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VENTURE CAPITAL
Funding reels
JP Morgan Mauritius and India Advantage Fund will invest Rs 60 crore each in PVR Pictures, the wholly-owned subsidiary of listed entity PVR Ltd. The investee company is engaged in film production and distribution. ...
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