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Thursday, September 18, 2008
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ANNOUNCEMENTS: Jindal Stainless not to cut prices further
‘Weak rupee has led to rise in input costs’. New Delhi, Sept. 17 Jindal Stainless Ltd is unlikely to cut product prices in the immediate future because of prevailing higher input costs. “The rupee has weakened very sharply, ...

OUTLOOK: RIL production at D6 block soon
Reliance Industries Ltd (RIL) is expected to start producing crude oil from its Krishna Godavari D6 block by this month end, while the gas production will start towards November-end. The initial oil output from the same block is estimated to ...

TECHNOLOGY: Bilcare develops nano fingerprint to check fake drugs
Move to identify quality drugs; in talks with large pharma firms. Hyderabad, Sept. 17 The counterfeit drug market in India is estimated to be around Rs 4,000 crore, according to a study done by the Confederation of Indian ...

SOCIETY & DEVELOPMENT: Novartis launches healthcare project for rural markets
To target half the rural population in 2 years. Mumbai, Sept. 17 Pharmaceutical company Novartis has launched the ‘Arogya Parivar’ project, which aims to reach out to the rural population by making essential medicines available to ...

NEW PROJECTS: Collect compensation cheques by Sept 22, urges Bengal CM
‘Tata Motors anxious to resume work’. Kolkata, Sept. 17 Even as the West Bengal Chief Minister, Mr Buddhadeb Bhattacharjee, reiterated his appeal to all land losers in Singur to accept their compensation cheques by September 22, he ...

OUTLOOK: Aban subsidiary plans Oslo listing
Chennai, Sept. 17 Aban Singapore Pte Ltd, a wholly-owned subsidiary of Aban Offshore Ltd, is considering listing in Oslo stock exchange, Aban Offshore’s Managing Director, Mr Reji Abraham, told the company’s shareholders here ...

NEW PROJECTS: Adani Power to rope in cement manufacturer
Economical use of fly ash at Mundra. Kolkata/Ahmedabad, Sept. 17 Adani Power is trying to rope in a cement manufacturer to ensure an environment friendly as well as economically-beneficial utilisation of the bottom ash (popularly known as fly ...

MERGERS & ACQUISITIONS: ‘Merger with IOC vital for BRPL’
Kolkata, Sept. 17 The amalgamation of Bongaigaon Refinery & Petrochemicals Ltd (BRPL) with IndianOil will be in the best interest of the investors, the employees of the two organizations and, capping it all, the people of Assam as it ...

NEW PROJECTS: German co Putzmeister plans Rs 125-cr expansion
Pune, Sept. 17 Construction equipment manufacturer Putzmeister Concrete Machines Pvt Ltd is on an expansion drive in India and will invest approximately Rs 125 crore in phases to upgrade its plant capacity in ...

RIGHTS ISSUE: Gujarat NRE Coke rights issue
...

NEW BUSINESS: ABW wins 90-year lease rights
ABW Infrastructure has won the lease rights for 90 years to develop 11 hectares of vacant Railway land at Sarai Rohilla in Delhi. “Sarai Rohilla becomes the first piece of Railway surplus land to be given away to private developer for ...

REGULATORY BODIES & RULINGS: Aurobindo gets nod for HIV drug
Aurobindo Pharma Ltd has received a tentative approval to manufacture and market Abacavir Sulfate tablets (60mg) from the US Food and Drug Administration (USFDA).The tablets can be used in combination with other anti-retrovirals in ...

PEOPLE: C.S. Jadhav BioDiesel Society secy
Mr C.S. Jadhav of Hyderabad-based Nandan Biomatrix has been elected Secretary of the BioDiesel Society of India for 2008-09 at its third Annual General Meeting held in Bangalore recently. Mr Balasubramanian is the Chairman and Prof. ...





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Markets (Sept 17)
Nifty (at close)4008.25(-66.55)
US Dollar (Buy/Sell)46.28/29
Brent crude (a bbl) Rs4,175
Gold (a gram) Rs1,093
Silver (a kg) Rs18,020

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