CORPORATE
RESEARCH & DEVELOPMENT
Nicholas Piramal to do clinical trials for Eli Lilly drugs
Nicholas Piramal India Ltd (NPIL) said on Friday that it had entered into a drug development deal with US pharma major Eli Lilly. The deal is mainly for conducting clinical trials globally and also to market in certain regions, a select group ...
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ANNOUNCEMENTS
Super Gas deploys mySAP
Super Gas, based in Hyderabad and part of the $19-billion SHV Holdings, on Friday said in a statement that it had deployed mySAP ERP to improve operational efficiencies and streamline business processes. ...
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ACCOUNTING STANDARDS
Need for uniform global accounting norms
With increasing globalisation, the accounting profession is grappling with the problem of how to standardise accounting norms across the world and who should change what to bring about the harmony. This problem engaged the attention of experts ...
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PREFERENTIAL ALLOTMENTS
Yashraj Containeurs to allot 1.5 lakh shares to IDBI
BIFR gives nod for share issue on pref basis
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COURTS/LEGAL ISSUES
Madras HC stays show-cause notice on PF arrears
Notice `arbitrary', says firm's counsel
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MERGERS & ACQUISITIONS
Sun Direct TV seeks FIPB nod for 20% FDI
Sun Direct TV Pvt Ltd has applied to the Foreign Investment Promotion Board (FIPB) for permission to have 20 per cent foreign equity in the company. The company has licence to run a direct-to-home (DTH) satellite pay channel in the ...
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`2007 may see more European acquisitions'
Bilateral trade predicted at $100 b by 2010
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NEW PROJECTS
New wine processing unit set up
Karnataka, fast emerging as an important centre for winery given the growing culture of wine drinking in the country, has seen yet another entrepreneur set up a processing unit at Boothanal, on the outskirts of the historic city of Bijapur. ...
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ALLIANCES & JOINT VENTURES
Intas Biopharma ties up with US co
The Ahmedabad-based Intas Biopharmaceuticals Ltd, a group company of Intas Pharmaceuticals Ltd, has entered into a joint venture with Progenetics LLC, a US-based company that has created transgenic animals that produce Factor IX, a drug used for ...
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INTERVIEW
Balancing old laws and new technology
Year 2006 was a landmark for indirect taxes, because the judgments given by the apex court unshackle a few assumptions, notions and presumptions held by both the Revenue and the trade. MR D. ARVIND, DIRECTOR, INDIRECT TAX DEPARTMEN T, DELOITTE HASKINS & SELLS, MUMBAI
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INCOME TAX
Good response from corporates for e-filing of tax returns
The Government's move to make e-filing of income-tax returns mandatory for corporates seems to have paid rich dividends. Corporates have taken to e-filing of income-tax returns in a big way, with the Income-Tax Department receiving till date ...
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VENTURE CAPITAL
SpiceJet gets shareholders' nod for $80 m from investors
The low-cost airline SpiceJet on Thursday obtained approval from its shareholders for receiving $80 million from domestic and international investors, including the $17 million from the Tatas. Apart from the Tatas, other investors include the ...
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OUTLOOK
Tata Steel looking at 7 mt output by 2008-09
Even as Tata Steel expects its saleable steel production to touch five million tonnes by the end of the current fiscal, the steel major is hopeful that its domestic steel output will go up to seven million tonnes by 2008-09, according to Dr T. ...
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Hyundai to launch new compact car by year-end
"We may be using the same petrol engine being used on the Santro or we may bring in a new 1.2 litre engine." Also plans to launch a diesel variant of the Getz
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Everest Industries expands product portfolio
To commission new facility in Uttaranchal soon
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JK Paper to start making packaging boards soon
JK Paper Ltd, a group company of J.K. Organisation, is all set to start production of multi-layered packaging boards over the next three months from its Surat plant. "We are all set to start the production of multi-layered packaging boards in ...
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