CORPORATE
OUTSOURCING
BV Biologicals to offer manufacturing facilities
Close to signing deals with international firms for animal vaccines
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RESTRUCTURING
ONGC to relent on GE Shipping de-merger
ONGC has decided to issue a conditional approval for the court-approved de-merger of offshore services business of Great Eastern Shipping to Great Offshore Ltd. An ONGC source told Business Line this evening that the company would make an ...
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FIXED DEPOSITS
FD Options
OCL India: Investors may consider the one- and three-year options of the OCL India fixed deposit plan;. the two-year option does not offer any premium over the rate on the one-year option for the longer duration. OCL ...
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MERGERS & ACQUISITIONS
UTI MF buys 2.23% in Rain Calcining
UTI Mutual Fund has acquired 28,88,226 shares of Rain Calcining Ltd (RCL), aggregating to 2.23 per cent of its total paid-up capital from November 12 last year to May 22 this year. RCL has informed the stock exchanges that the ...
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NEW PROJECTS
SAIL plants lining up new oxygen units
Co will not invest money but will only provide land
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MARKET BUZZ
Hero Honda's plans
Running short of assembly lines to match demand for its products, Hero Honda announced plans to set up a plant in Jaipur at a cost of Rs 320 crore. The two-wheeler maker said that it plans to commission the plant, which would have a capacity to ...
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REGULATORY BODIES & RULINGS
Ranbaxy to sell Doxycycline in US
Ranbaxy Laboratories Ltd has announced that the company has received approval from the US Food and Drug Administration (FDA) to manufacture and market Doxycycline Tablets — 50 mg, 75 mg, and 100 mg in the US market. The ...
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ALLIANCES & JOINT VENTURES
Tata Power may join Tata Steel for coal mining
To invest Rs 18,000 crore to augment generation capacity
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ONGC may pick 30% stake in Assam-Arakan project
ONGC may pick up 30 per cent stake in AA-ON/7 block - from where it had once walked out - from the existing operator Canoro Resources Ltd. A pre-NELP block, AA-ON/7 is located in the Assam-Arakan basin in North-Eastern India. Canoro ...
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Nissan-Suzuki tie up
In what could be the first instance of contract manufacturing of this type, Nissan Motor of Japan is all set to make cars in India. Nissan has entered into a collaboration agreement with Suzuki Motor Corporation (Maruti's parent company) for ...
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INTERVIEW
TVS Motor overall growth at 17%
TVS Motor Company reported an overall growth at 17 per cent with bike sales growth, which stands at 23 per cent, according to Senior Vice-President of the company, Mr R. Chandramouli. He said that Star and Apache boosted sales in May with ...
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OUTLOOK
IndianOil plans to import 40.9 mt crude oil in '06-07
Looking at Saudi Arabia, Nigeria for the purchase
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GAIL favours cost of service method for computing tariff
Existing method lacks flexibility of reviewing transportation tariffs
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Kingfisher Air plans to raise $200 m via IPO or FCCB route
In talks with US-based airlines to start operations from US
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Purani to expand yarn production capacity
Purani Textiles Private Ltd, a first generation textile enterprise from Coimbatore, is expanding its polyester/viscose yarn production capacity. The company is also foraying into cotton yarn manufacture and value-added yarn production by ...
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Panna-Mukta jt venture yet to firm up crude offtake pact
Delay in receiving the consent of Reliance and British Gas is holding Panna-Mukta-Tapti (PMT) joint venture in firming up the crude offtake agreement with Mangalore Refineries and Petrochemicals Ltd (MRPL). ONGC, the other partner and operator of ...
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