CORPORATE
RESEARCH & DEVELOPMENT
AstraZeneca winds up research society
AstraZeneca has disbanded the AstraZeneca Research Foundation India (AZREFI), its 20-year-old not-for-profit society that was supporting biomedical research projects in a few institutions. Future grants will now be channelised through ...
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ANNOUNCEMENTS
Avesthagen to build Rs 125-cr Parsi database
Avestha Gengraine Technologies Pvt Ltd has announced a new project, Avestagenome, to build a complete genetic, genealogical and medical database of the minuscule but high-profile Parsi community. The Rs 125-crore project will be conducted over ...
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IVRCL bags 33 acres in Noida
IVRCL Infrastructure & Projects Ltd announced it has secured allotment of 33 acres in Sector 118 of Noida for group housing at a cost of Rs 228 crore. In a statement, the company said it plans to construct 2.9 million sq ft of ..
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PRIVATE PLACEMENT
ICICI Venture invests Rs 82 cr in Electrotherm
Electrotherm (India) Ltd, the Ahmedabad-based engineering and manufacturing company with major strength in power electronics, has announced that ICICI Venture Funds Management Ltd has invested Rs 82 crore, through a private placement, to part ...
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CORPORATE DISPUTES
Govt failing to keep promise on Haldia Petro: TCG counsel
The West Bengal Government now is detracting from its earlier promise to The Chatterjee Group (TCG) with regard to the management and control of Haldia Petrochemical Ltd (HPL). This argument was advanced by counsel of TCG today before Mr ...
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NEW BUSINESS
Jubilant bags $60m deals
Pharmaceutical research firm Jubilant Organosys Ltd said it has added custom research and manufacturing services (CRAMS) contracts worth $60 million to its 2007 order book. Ninety per cent of the contracts are from drug firms ...
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AWARDS & HONOURS
Efficiency award for Transco
Transmission Corporation of Andhra Pradesh Ltd (AP Transco) has announced it has been chosen for another award for efficient performance by the Central Electricity Authority. The award is to be handed over by the Prime Minister, Dr Manmohan ...
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ACCOUNTANCY
2-day meet on cost management at Coimbatore
The Coimbatore chapter of the Institute of Cost and Works Accountants of India plans to conduct the regional Cost Conference here on March 23 and 24. The conference, according to Mr J. Sridhar, Chairman, Convention Committee, ...
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CORPORATE BONDS
SEBI amends debenture listing agreement
The Securities and Exchange Board of India has amended the listing agreement for debentures in order to rationalise the provisions of continuous disclosures made by issuers who have listed their debt securities and not their ...
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RESTRUCTURING
GE Shipping sells loss-making travel unit
GE Shipping has finally jettisoned its 63.64 per cent controlling stake in Routes Travel Ltd. The company's communication to the stock exchanges on Tuesday kept the amount and the buyer undisclosed. Business Line, however, learnt that a ...
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MERGERS & ACQUISITIONS
Ranbaxy jumps on reports of not buying Merck business
Stock dropped 25% since January on company's proposal
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IPCL employees launch relay hunger strike in Vadodara
Employees of Indian Petrochemicals Corporation Ltd (IPCL) today launched their "path of agitation" with a relay hunger strike at the company's gate in Vadodara district protesting against the alleged mass transfer of mainly unskilled employees to ...
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NEW PROJECTS
Claris gets US nod for sterile injectibles facility
Aims at Rs 700-cr revenue this year
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Rain Calcining gets nod for Rs 334-cr expansion
Board okays merger ratio with Rain Commodities
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Rama Newsprint sets timeline for expansion
Commercial production to begin from mid-2009
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OVERSEAS INVESTMENTS
IOC, Oil India move on Congo assets acquisition suffers setback
IndianOil (IOC) and Oil India (OIL) combine's initiative to acquire French firm Maurel & Prom's Congo assets, has suffered a setback. IOC-OIL offered approximately $1.5 billion-$66 million more than an existing offer by ENI of Italy, for ...
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ALLIANCES & JOINT VENTURES
Britannia, Khimji Ramdas tie-up
Britannia Industries has formed a joint venture with Khimji Ramdas Group to run two bakery product companies in the West Asia market. In a press statement, Britannia said that the company and its associates have acquired 70 per ...
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RIGHTS ISSUE
Dunlop EGM on April 14
Dunlop India has called an EGM of its shareholders on April 14. In a set of notices to BSE, the company has also informed about the recent BIFR directive allowing the company to go for a rights issue and enhancement of the ...
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OUTLOOK
Mahindra on vendor rationalisation drive
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PEOPLE
Great Offshore board may not discuss new MD issue
`It is now a settled law that a director cannot overstay'
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New Director of Vizag Steel Plant
Mr Y. Manohar, General Manager (training and HRD), Visakhapatnam Steel Plant, assumed charge as the Director (Personnel) of the plant on Tuesday. A graduate in metallurgical and chemical engineering, he joined the plant in 1981. ...
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