CORPORATE
ANNOUNCEMENTS
Ranbaxy to market Swiss gastro drug
Ranbaxy Laboratories said on Monday that it has earned the exclusive rights to market Sanvar, the new chemical entity (NCE) drug of Swiss biopharmaceutical company Debiopharm Group, in India, Bangladesh and Nepal. The injectible molecule is a ...
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OVERSEAS BORROWINGS
Sujana to raise $15 m thro' GDR issue
The shareholders of Sujana Universal Industries Ltd have approved a proposal to raise funds of $15 million by way of issue of global depository receipts. The company has informed the stock exchanges that the shareholders, at the extraordinary ...
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MERGERS & ACQUISITIONS
Videocon to buy Daewoo Elec
Deal done along with consortium partner for about Rs 3,200 crore
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Daewoo buy may give Videocon an edge
Videocon Industries' acquisition of Daewoo Electronics would not only be the company's third major global acquisition in two years, but more importantly, give it access to high-end technology in plasma display panels TV, liquid crystal display ...
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NEW PROJECTS
Balmer Lawrie plans expansion in Chennai CFS
Balmer Lawrie & Co is expanding the capacity of its container freight station (CFS) in Chennai. An additional area of seven acres adjacent to the existing CFS in Manali, in Chennai, is being developed to allow storage/handling of larger number
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Rane (Madras) sets up unit near Kanchipuram
Four more plants may come up in Uttaranchal, TN
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ALLIANCES & JOINT VENTURES
Leyland, Bosch to invest Rs 8 cr in design centre
Ashok Leyland and Bosch will put in Rs 4 crore each in a new design centre that is coming up at the Indian Institute of Technology, Madras. The `Ashok Leyland and Bosch Centre of Excellence in Engineering Design' will house the recently formed ...
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OUTLOOK
China's Sinosteel plans integrated plant in India
Holds talks with Jharkhand, Orissa; Company President coming in Nov
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