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CORPORATE
MERGERS & ACQUISITIONS:
Sun gets favourable ruling in battle for Taro
No need for special tender, rules Israeli court; Taro Pharma can appeal. Mumbai, Aug. 27 Sun Pharma’s $454-million proposal to acquire Israeli-drug company Taro Pharmaceutical received a shot in the arm, with the Tel-Aviv District Court ...
MERGERS & ACQUISITIONS:
CLB says it has no jurisdiction to decide on Zandu-Emami case
Mumbai, Aug. 27 Ayurveda products-maker Zandu Pharmaceutical’s petition on the takeover moves by Emami Ltd has been dismissed by the Company Law Board (CLB), saying that the Board had no jurisdiction on the issue. ...
OUTLOOK:
NTPC to kick off retail distribution in Kerala
SUCCESS, FINALLY!. New Delhi, Aug. 27 After a series of unsuccessful attempts at entering the power distribution business, the Rs 37,000-crore NTPC Ltd has managed a breakthrough of sorts and is on course to take up retail distribution of ...
ANNOUNCEMENTS:
Apollo Hospitals working with TCS for patient ID number
Plans to pick up 30% stake in Nigerian hospital. Chennai, Aug. 27 Apollo Hospitals Enterprise Ltd is working on a project that would give each of its patients a Universal Hospital Identification Number (UHIN). The number is like a password ...
NEW PROJECTS:
Mukesh Ambani decries Singur agitation
Mumbai, Aug 27 Mr Mukesh Ambani, Chairman and Managing Director of Reliance Industries Ltd, decried the agitation going on in Singur against Nano plant of Tata Motors. ...
NEW PROJECTS:
A morning at Singur
The people of Singur want their land back. They also want the Nano plant. But they do not want the Buddhadeb Bhattacharjee Government. In fact, their show of anger against the Chief Minister is so forceful that, at times, one has to wince in ...
NEW PROJECTS:
Moser Baer SPV, 2 others put in bids for TN projects
Grid connected solar photovoltaic power generation. Chennai, Aug. 27 Three companies have submitted bids to put up grid connected solar photovoltaic power generation projects in Tamil Nadu. ...
NEW PROJECTS:
Apollo Tyres’ plant near Chennai to be ready by 2009-end
Work on first phase to start in 2 months. Apollo Tyres Ltd (ATL)’s new greenfield radial tyre plant at Oragadam Industrial Park on the outskirts of Chennai will become operational by late next ...
OUTLOOK:
Godrej Security targets 33% growth
Godrej Security Equipment Division, part of Godrej & Boyce Manufacturing Company, expects its topline to grow to Rs 400 crore during the current financial year, a 33 per cent increase. Godrej Security’s Vice-President and Business Head, ...
MERGERS & ACQUISITIONS:
SMS Pharma shareholders okay merger
The shareholders of SMS Pharmaceuticals Ltd have approved the scheme of amalgamation of Plant Organics Ltd with SMS at the extra ordinary general meeting (EGM) held on Tuesday. The company would allot to the shareholders of Plant Organics in the ...
ALLIANCES & JOINT VENTURES:
ONGC, SCI firming up equity structure for joint venture
New company to provide offshore services. New Delhi, Aug. 27 ONGC and the Shipping Corporation of India (SCI) are firming up the equity structure for the joint venture company that they plan to set up for providing offshore services. ...
OUTLOOK:
Murugappa group to launch five electric bikes in Oct
Higher capacity bike launch on cards. Hyderabad, Aug. 27 The Rs 9,600-crore diversified Murugappa Group is gearing up to roll out about five electric bikes in October and is firming up dealerships in south ...
PERFORMANCE:
RINL turnover up at Rs 10,433 cr
Visakhapatnam, Aug. 27 Rashtriya Ispat Nigam Ltd (the Vizag steel plant) has achieved a record Rs 10,433-crore turnover during 2007-08, and it has been a very satisfying year, according to Mr P.K. Bishnoi, the Chairman and Managing ...
ALLIANCES & JOINT VENTURES:
Advinus in pact with Genzyme, MMV to develop malaria drugs
To join ongoing project for specific patient groups. Bangalore, Aug 27 Advinus Therapeutics Ltd, the Tata group-promoted life sciences R&D company, has announced a tie-up to develop new anti-malaria drug molecules and therapies with ...
NEW PROJECTS:
V-Guard’s cable plants in TN, Uttarakhand to start this year
Ahmedabad, Aug. 27 The new manufacturing units of V-Guard Industries Ltd in Tamil Nadu and Uttarakhand will start commercial production by the end of this year, an official of the Kerala-based company said here on ...
MERGERS & ACQUISITIONS:
Videocon picks up 10% stake in Mozambique oil block
Mumbai, Aug. 27 Videocon Industries through its wholly-overseas subsidiary Videocon Energy Resources Ltd has picked up a 10 per cent stake in Area I of Rovuma offshore oil block in Mozambique for $75 million. ...
NEW PROJECTS:
Stone laid for SAIL’s Orissa project expansion
The foundation stone of SAIL’s Rs 120-crore project for augmentation of the loading capacity of its iron ore mines in Bolani, Orissa, was laid on Tuesday by Mr G. Ojha, SAIL’s Director Personnel & In-charge-of its Raw Materials ...
RIGHTS ISSUE:
Thomas Cook gets board nod for rights issue
Mumbai, Aug. 27 The board of Thomas Cook India has approved a rights issue of up to Rs 200 crore. ...
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