CORPORATE
RESEARCH & DEVELOPMENT
AstraZeneca's new lab to host key research work
AstraZeneca's newly commissioned process R&D laboratory in Bangalore will play a key role in the development of its new drug portfolio, in particular the tuberculosis drug coming out of India, according to its top officials. The PR&D lab bui
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DIVIDEND ANNOUNCEMENT
M&M declares 75% interim
The Board of Directors of Mahindra & Mahindra Ltd have declared an interim dividend of Rs 7.50 (75 per cent) per equity share of Rs 10 face value to the shareholders of the company for the financial year ending March 31. Shares of the company ...
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NEW BUSINESS
Afcons bags 2 projects worth Rs 245 cr
Afcons Infrastructure Ltd has bagged two new project orders worth Rs 245 crore related to the Kochi port and execution of a portion of an offshore pipeline project near Cuddalore in Tamil Nadu. The Mumbai based company, part of the Shapoorji ...
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Radhakrishna Hospitality gets railway kitchen design deal
At Mumbai Central, New Delhi and Howrah railway stations
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Punj Lloyd bags ONGC order
Engineering company Punj Lloyd Ltd has secured the Uran Trombay Gas Pipeline project on an EPC basis from Oil and Natural Gas Corporation Ltd. The contract has been bagged in consortium with its wholly owned subsidiary P.T. Punj ...
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INSIGHT
PERSPECTIVE
Rules versus values
In the modern business environment that is characterised by continuous changes, organisational rules and regulations are of limited significance. Though people want stability and continuity, success invariably belongs only to those "who dare and ...
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COURTS/LEGAL ISSUES
Member of employers' body entitled to represent company in adjudication: HC
Under Section 36(2) of the Industrial Disputes Act, in industrial adjudications, an employer could be represented by an office-bearer of an association of employers who was also a legal practitioner, the Madras High Court has ruled. In a writ ...
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HUMAN RESOURCES
`Competence at work is a function of knowledge, skill'
Employers want people with competence. The basic elements of competence are managing self and managing work. One must have self-control and self-confidence. He/she must be result oriented and must possess ability to solve problems. One must also ...
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MERGERS & ACQUISITIONS
United Spirits set to finalise deal with Whyte & Mackay
United Spirits is all set to buy the Scottish whisky company Whyte & Mackay. The deal will make the company a major global player. "We will announce the deal shortly," the United Spirits Chairman, Mr Vijay Mallya, told Business Line. ...
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ASK to buy out Raymond James' stake in joint venture
The deal amount is not disclosed
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Govt keeps open mind on IPO for merged airline
The Government is keeping an open mind on the proposed listing of the newly merged State-owned airline. Official sources told Business Line that while the listing has not been put off, it was also not imminent for the moment. "The newly ...
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Bangalore Infra mulls buying construction co
Wants to unlock land bank's value for benefiting shareholders
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Fidelity buys 5% stake in Ess Dee Aluminium
Fidelity International has picked up 5 per cent equity in Ess Dee Aluminium, a company providing packaging materials to pharma companies. The fund has invested close to Rs 40 crore in the company's stock in open market that pegs its enterprise at ...
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NEW PROJECTS
ZTE may set up telecom gear plant in Chennai
Eyes $600-million sales from India
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Asian Paints plans capacity expansion
Asian Paints Ltd plans to set up new production plants and expand the existing ones for augmenting its capacity. As part of the plans, it will double production at its Sriperumbudur facility in Tamil Nadu from the present 50,000 ...
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OVERSEAS INVESTMENTS
Firepro Systems opens office in Melbourne
Firepro Systems, leading Indian fire protection and security systems company, has opened an office in Melbourne aiming to spread its business overseas. The opening of the office was announced by the company here on Thursday. The Victoria ...
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Think London plans offices in India
Think London, inward investment promotion agency, plans to open two offices in India in November this year. "We will have a main office in Mumbai were we will have a chief representative. The other office will be in Delhi," Mr Michael Gourlay, ...
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Rajesh Exports going global with diamond jewellery
`Presence in 100 countries in five years'
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TRADE & LABOUR UNIONS
IPCL strike ends as co defers transfers
Rs 1.5 lakh ex gratia offered
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ALLIANCES & JOINT VENTURES
Euro RSCG plans new venture for data analytics
To focus on 4D — digital network to drive brand experience, sales results
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Unique Personal ties up with Italian co
The $ 31-million turnover Personal Time (PT) Group of Italy, world leaders in designing, conceptualising and manufacturing corporate gifts, has forged an exclusive and strategic tie-up with Unique Personal Sourcing PT of Kolkata with a view to ...
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INTERVIEW
BILT: Growing aggressively
Ballarpur Industries Ltd, India's leading manufacturer of printing and writing paper, recently completed acquisition of Sabah Forest Industries Ltd, Malaysia's largest paper manufacturer. This $261 million acquisition, which brings with it an ...
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SOCIETY & DEVELOPMENT
Going bananas over computers
That's the scene among the children of Navlakhumbre village in Maharashtra under a CSR initiative.
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Eli Lilly pledges $50 m in fight against TB
On the eve of March 24, marked as World TB Day, Eli Lilly and Company, committed an additional $50 million to fight Multi-Drug Resistant Tuberculosis (MDR-TB). The campaign is carried out in an international partnership with 14 public and ...
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SICK UNITS
Coal India keen on Mining & Allied revival
On the lookout for partner; approached by DVC
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OUTLOOK
Shift to India saves Bosch 30% in costs
East Europe, South America contenders for low-cost centres
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Vaidyaratnam targets Rs 10-cr revenue from medical tourism
Thrissur-based Vaidyaratnam group, a major healthcare provider under the ayurvedic system, has targeted revenue of Rs 10 crore from medical tourism in the next financial year. The group has identified medical tourism as a focus area of its ...
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