The Hindu Business Line : Thursday, March 10, 2005

Fire at Aurobindo Pharma unit; one killed
FOLLOWING a blow out in one of the factories of Aurobindo Pharma Ltd (APL) that led to the death of a worker on Tuesday, the police began investigating the incident along with the officials of the Directorate of Factories on Wednesday. The ... More

ANNOUNCEMENTS

Sundaram-Clayton sets up unit to develop software for WABCO
SUNDARAM-Clayton Ltd, part of the TVS group, has set up an embedded software division, which will develop software for the company's collaborator, WABCO. WABCO, part of American Standard group of the US, is one the world's major manufacturers ... More

Tata Tea (GB)'s debt-equity ratio gets lowered
TATA Tea Ltd on Wednesday announced that it had further restructured the entire debt portfolio of Tata Tea (GB) Ltd, the special purpose vehicle used for the acquisition of the UK-based Tetley Group. Addressing a press conference, the Tata Tea ... More

Sybly Ind gets Rs 3.5-cr order from Turkey
MUMBAI: Sybly Industries Ltd, manufacturer of polyester yarn and mercerised cotton yarn, has received from Turkey a Rs 3.5-crore order for supply of dyed and grey polyester/PV yarn. Sybly Industries recently also received a Rs 5.4-crore ... More

Natco Pharma gets European patent for soft gel capsules
NATCO Pharma Ltd (NPL) on Wednesday announced that it has received a European patent for its invention of soft gel capsules with an innovative drug delivery system. The company informed stock exchanges that the patent was registered in France, ... More

Himalya Intl bags Rs 5.4-cr US order
HIMALYA International Ltd has informed the BSE that it has received an order for 1.5 million lbs of specialty baby potatoes with skin-on valued at Rs 5.4 crore for the US-based Acme Group. The product will be re-packed in 12 ounce by a US food ... More

OVERSEAS BORROWINGS

Govt may ease norms for ECBs — Curbs on foreign currency convertible bonds to go
THE Government may relax certain norms governing external commercial borrowings (ECBs) to enable Indian companies borrow abroad at lower cost, a senior Finance Ministry official indicated today. Addressing an interactive session on the Foreign ... More

NEW PROJECTS

India to become sourcing centre for Fresenius Kabi
INDIA is poised to become one of the biggest sourcing centres for the German healthcare company Fresenius Kabi AG. The company's wholly-owned subsidiary is upgrading its manufacturing facilities to the European Good Manufacturing Practice (EU ... More

ALLIANCES & JOINT VENTURES

Zydus announces US generics foray
ZYDUS Cadila, the Ahmedabad-based pharmaceutical company, has tied-up with Mallinckrodt Pharmaceuticals Generics, a unit of Tyco Healthcare, to market generics in the US market. Under the terms of the agreement between Zydus Cadila's US ... More

Tasc Pharma board to meet on tie-up with Glenmark Labs
MUMBAI: Tasc Pharmaceuticals Ltd will take up the memorandum of understanding that it has entered into with Glenmark Laboratories Ltd for an alignment pact to create a research-driven, fully vertically integrated and scalable company, Tasc ... More

SICK UNITS

Vybra Auto to convert unsecured loans into equity
THE Board for Industrial and Financial Reconstruction (BIFR) has directed the ailing Vybra Automet Ltd to convert unsecured loans into equity within three years to make its net worth positive. These unsecured loans were given by the promoters ... More

OUTLOOK

SAIL lines up Rs 4,500 cr to spruce up Rourkela plant
AS part of its corporate plan, Steel Authority of India Ltd has planned investments of Rs 4,500 crore over the next seven years to spruce up operations at the Rourkela Steel Plant (RSP). Several projects have been identified and construction ... More

Indonesian vaccine co seeks support for WHO re-listing
INDONESIAN pharmaceuticals company, BioPharma, is keen on reviving its arrangements with Indian companies for the supply of bulk polio vaccine. BioPharma's supply of the bulk vaccine to India was affected after the World Health Organisation ... More

PERFORMANCE

Ashok Leyland vehicle sales up in February
ASHOK Leyland's February sales were up 10 per cent over the same month last year. In the April-February period this year, the company's sales were up 11 per cent, over the same period last year. Exports, however, showed a marked jump of 80 per ... More

PEOPLE

Bajaj Auto elevates Rajiv to MD post; Rahul Bajaj is Chairman
BAJAJ Auto Ltd (BAL) has informed that following its board meeting on Wednesday, Mr Rajiv Bajaj, currently Joint Managing Director of the company, has been elevated to the post of Managing Director for a five-year term effective April 1.According ... More

Pfizer MD quits
THE Pfizer Ltd Managing Director, Mr Hocine Sidi Said, has resigned from the company. The resignation is effective from March 25, the company told the BSE. Mr Sidi Said announced his intention to relinquish his responsibilities from the ... More

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