CORPORATE
RESEARCH & DEVELOPMENT
Samsung to expand R&D facilities in India
New Delhi, Aug. 31 Korean consumer electronic giant Samsung Electronics Co Ltd on Friday announced the expansion of its Research and Development (R&D) centres in India, China and Poland.Samsung’s existing R&D centres in ...
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ANNOUNCEMENTS
MRPL begins online forex trading
Mangalore, Aug. 31 Mangalore Refinery and Petrochemicals Ltd (MRPL), a subsidiary of ONGC, has executed an initiative in forex trading by installing a Reuters Dealing Terminal (RDT) at its premises. A company release said here on Friday ...
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CORPORATE DISPUTES
Talks between Bajaj brothers end in stalemate
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OVERSEAS BORROWINGS
Essar may raise Rs 3,000 cr from overseas market
Funds to be used for Vadinar refinery expansion
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Country Club plans raising $130 m
Hyderabad, Aug. 31 Country Club India Ltd plans to raise up to $130 million through financial instruments like ADRs/GDRs/FCCBs/QIPs or other securities. The board, which met on August 30-31, has okayed the proposal along with several ...
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NEW BUSINESS
Omaxe bags DMRC contract
Real estate firm Omaxe Ltd on Friday said it has bagged the contract for commercial development of Chawri Bazar Metro Station from Delhi Metro Rail Corporation Ltd (DMRC) for Rs 18.43 crore. DMRC has floated a tender for the purpose and ...
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OUTSOURCING
EEPC to focus on outsourcing
The Engineering Export Promotion Council (EEPC) will focus on engineering process outsourcing (EPO) to tap the emerging market, according to Mr Rakesh Shah, Chairman EEPC. “Indian engineering industry can have a niche in EPO in the days to ...
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INSIGHT
Publication of quarterly results, a must
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RESTRUCTURING
Nicholas Piramal hiving off research unit
Mumbai, Aug. 31 Taking a cue from its rivals, Nicholas Piramal India Ltd (NPIL) said on Friday that it will spin off its drug discovery operations into a new company to cushion risks as more promising drug molecules enter clinical trials and ...
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‘Demerger will put drug research on fast track’
Mumbai, Aug. 31 Nicholas Piramal India Ltd (NPIL) expects the demerger of its innovative research to speed up its drug development programme. The company is planning to hit the global market with a locally researched medicine by 2010. ...
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MERGERS & ACQUISITIONS
Apax Partners to pick up 12% in Apollo Hospitals for Rs 426 cr
Chennai, Aug. 31 Apax Partners is to pick up 12 per cent stake in Apollo Hospitals Enterprise Ltd for Rs 426.40 crore, Apollo announced today.In addition, the promoters are issuing themselves warrants that would convert to 3 per cent ...
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Metso of Finland eyes mid-sized buys in India
Plans to beef up manufacturing facility in country
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NEW PROJECTS
Finnish firm plans foray into medical textiles
Ahlstrom’s non-woven fabrics provide protection against diseases in operating theatres
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Gazeley plans India foray thru partnership route
Move follows parent Wal-Mart’s formal entry
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IT in Assam
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ALLIANCES & JOINT VENTURES
ONGC, BP in pact for exploration, production biz
New Delhi, Aug. 31 ONGC has entered into a memorandum of understanding (MoU) with global oil major, BP, to collaborate in exploration and production (E&P) business in India and abroad, which include sharing of knowledge in coal-bed methane ...
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Godfrey, Villiger tie up to distribute cigars
Indian co has a 65% market share
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DIVERSIFICATION
IOC forays into derivatives trading on MCX
New Delhi, Aug. 31 Indian Oil Corporation’s (IOC) crude oil derivatives trading on the Multi-Commodity Exchange (MCX) of India was formally inaugurated by its Director (Finance), Mr S.V. Narasimhan, on Thursday. In a statement ...
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OUTLOOK
Cairn hopes to sustain Ravva output for a decade
Plans to pump in more money into the field
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PEOPLE
VSP’s new Director (Commercial)
Mr Chandrasekhar Ghansyam Patil assumed charge as the new Director (Commercial) for Rashtriya Ispat Nigam Ltd (the steel plant) here on Friday, succeeding Mr H.S. Chhatwal. The latter retired from service on Friday. Beginning his career in the ...
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