CORPORATE
ANNOUNCEMENTS
Ranbaxy gets US FDA approval for hypertension drug
Ranbaxy Laboratories Ltd has received approval from the US Food and Drug Administration (FDA) to manufacture and market Atenolol, a hypertension drug. In a statement, the company said that the approval was for tablets in three strengths: 25 mg, ...
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Dunlop's Sahagunj facility may start rolling out tyres this week
To focus on truck and off-the-road tyres initially
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Lupin gets tentative USFDA nod
Lupin Ltd on Tuesday said that it has received tentative approval from the US FDA for its Abbreviated New Drug Application (ANDA) for Setraline Hydrochloride tablets in 25mg, 50mg and 100 mg. This is the company's 18th ANDA ...
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NTPC power project goes on stream
NTPC Ltd today said a new 210 MW unit of Feroze Gandhi Unchahar Thermal power project has commenced commercial operation from January 1. With the commercial operation of the third stage of the plant, the total installed capacity ...
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NEW BUSINESS
Nagarjuna bags Rs 255-cr fresh orders
Nagarjuna Construction Company Ltd (NCCL) has informed the Bombay Stock Exchange that the company has secured new orders totalling Rs 255 crore. These orders include a contract valued at Rs 131 crore for the execution of Rural Electrification ...
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Praj Ind bags Rs 170-cr orders from US
Praj Industries has contracted the second phase orders from Cilion for its Imperial County project and from Missouri Valley Energy for its Meckling, South Dakota project. The company has also bagged the first order from the sugarcane belt of ...
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MERGERS & ACQUISITIONS
Setco acquires Haldex US unit
Setco Automotive Ltd (Setco) has acquired the US manufacturing facility of Haldex Brake Products Corporation USA (Haldex) through its subsidiary Setco Automotive N.A. Inc (SANAI) in Paris, Tennessee. According to a press ...
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3 firms take 10% stake in Core Projects
Morgan Stanley, Deutsche Bank and Grants Investments have together picked 10 per cent stake in Core Projects and Technologies through conversion of foreign currency convertible bonds (FCCBs). The company had received conversion notices for a ...
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NEW PROJECTS
Status report on land acquisition in Singur released
`997.11 acres have been acquired till December'
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OVERSEAS INVESTMENTS
Talks on for Lepakshi showrooms abroad
The Andhra Pradesh Government has initiated talks through Indian embassies in the US, the UK, Italy, Malaysia, Singapore and Dubai to open showrooms in those countries to sell Lepakshi handicrafts. Announcing this at a press conference here on ...
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Dabur plans manufacturing unit in UAE
Dabur International Ltd, a wholly owned subsidiary of Dabur India Ltd, has said that it would set up a greenfield manufacturing facility in Ras Al Khaimah in the UAE by the end of 2007-08. "We are going to set up a manufacturing unit in the ...
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REGULATORY BODIES & RULINGS
Aurobindo gets 2 more approvals
Aurobindo Pharma Ltd (APL) has announced that it has received two more approvals from the US Food and Drug Administration (USFDA) for Bisoprolol 5 mg, 10 mg & Amoxicillin oral suspension 200 mg/5ml, and 400mg/5ml. This is the ...
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TRADE & LABOUR UNIONS
NTPC Simhadri contract workers go on strike
Nearly a thousand contract workers in the NTPC Simhadri thermal power station here went on strike from Tuesday morning, in protest against what they described as the obdurate attitude of the management. Though power generation may not be ...
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DIVERSIFICATION
Heritage Foods joins food retail bandwagon
Plans 100 `Fresh@' stores in all major Indian cities
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OUTLOOK
DRS Group chalks out big plans
Eyeing a huge opportunity in third-party logistics (3PL), as the country witnesses retail boom, DRS group, the Hyderabad-based company offering a variety of logistics solutions, has lined up plans for constructing 14 lakh sq. feet of warehousing ...
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PERFORMANCE
Hyundai sales up 42% in December
Hyundai Motor India has reported a 42.3 per cent increase in its domestic vehicle sales during December at 11,067 units compared with 7,777 units during the corresponding period of the previous year. The company has clocked ...
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Tata Motors December sales rise 37 pc
Tata Motors has reported total sales of 48,792 units (including exports) for December 2006, a growth of 37 per cent over 35,598 vehicles sold in the same period year ago. According to a press release, the passenger vehicle business reported ...
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Scorpio sales touch 30,000-mark
Scorpio sales reached 30,000 units (inclusive of exports) for the calendar year 2006 against 25,028 units in 2005. According to a press release, Mahindra & Mahindra's automotive sector sold 3,397 units (2,739 units) for ...
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DaimlerChrysler India sales double
Widens its product portfolio
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Skoda Dec sales up 6 pc
Skoda India, one of the premium automobile manufacturers in India, has recorded sales of 838 units for the month of December, an increase of six per cent over 789 units in the same period last year. According to a release, the ...
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