CORPORATE
ANNOUNCEMENTS
Bharat Earth Movers is now BEML
Bharat Earth Movers Ltd is now BEML Ltd. The 45-year-old defence PSU has formally adopted its new name with effect from this month, as per its intimation to the BSE. The company is targeting a turnover of Rs 3,000 crore this fiscal and is aiming ...
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OVERSEAS BORROWINGS
Giant strides
Realty behemoth DLF is planning to raise funds from abroad. The board is slated to meet on October 11 to also consider international acquisitions. The company has already bagged the project to develop a ‘New Bangalore City’ in ...
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AWARDS & HONOURS
Tolins Treads gets Capexil award
Kerala-based Tolins Treads, the export arm of Peejay Rubber Industries Private Ltd, has won Capexil Export Award for achievement in export of rubber products for 2006-07. Mr K.V. Tolin, Managing Director of the company, received the award from ...
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MERGERS & ACQUISITIONS
GVK Bio looking at deal with private equity players
Hyderabad, Oct. 6 GVK Biosciences today announced a research-cum-chemistry centre for Wyeth Pharma and hinted at its moves to part divest stake with private equity (PE) players.The move to divest stake is part of the company’s ...
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Biopharma strategy
Ranbaxy is hiking its stake to 45 per cent from the existing seven per cent in Zenotech Laboratories, a speciality generic injectibles company with a niche basket of biopharmaceuticals and oncology products. ...
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REGULATORY BODIES & RULINGS
Aurobindo gets UK nod for Unit-X1
Aurobindo Pharma Ltd has announced that the UK-MHRA (Medicines and Heath Projects Regulator) has issued a certificate of GMP (Good Manufacturing Practice) clearance for its Unit-XI situated at Pydibhimavaram near Vishakapatnam. With this ...
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OUTLOOK
Corus sees market for coated steel in India
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Wyeth Pharma to beef up India presence
Hyderabad, Oct. 6 Pharma major Wyeth is in the process of stepping up its presence in India and is in parleys with companies for active pharmaceutical ingredients formulations. The President of Wyeth Research & Development, Dr ...
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M&M keen on global bio-diesel initiative
Mahindra & Mahindra (M&M) is keen on promoting its bio-diesel initiative globally. The company is eyeing countries such as South Africa and Latin America as prominent markets, where the recently launched (February 2007) ...
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PERFORMANCE
DSP’s April-Sept production up
Durgapur Steel Plant (DSP) has reported an all-time best half-yearly performance during April-September 2007. Production of hot metal during the first half of the current fiscal stood at 1.09 million tonnes, crude steel at 0.97 mt and saleable ...
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RSP posts higher production
Kolkata, Oct. 6 Rourkela Steel Plant (RSP) has recorded the best ever first-half performance in the six months ended September 30. Hot metal production during April-September 2007 stood at 1.06 million tonnes, crude steel 0.98 mt and saleable ...
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Ashok Leyland Sept sales down
Ashok Leyland’s sales for September were down close to 13 per cent compared with that of the same month last year. As in the case of the last three months, this month saw a pick up in sales of buses. The goods segment, which is sometimes ...
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