The Hindu Business Line : Friday, October 12, 2007

RESEARCH & DEVELOPMENT
Panacea, Punjab varsity in pact
New Delhi: Panacea Biotec will be developing a new chemical entity with Punjab University. The vaccine maker has entered into an agreement with the university for a drug discovery project. Under the agreement, the ... More

ANNOUNCEMENTS
RIL gets formal nod for KG gas pricing formula
New Delhi, Oct. 11 The Government on Thursday issued a formal approval letter to Reliance Industries Ltd (RIL) on the pricing formula for the gas to be produced by the company from its Eastern offshore fields. The Government’s ... More

Reliance Retail opens fashion apparel format ‘Trends’
New Delhi, Oct. 11 Reliance Retail on Thursday marked its foray into the standalone affordable fashion apparel format, Reliance Trends. The store, in the national capital region of Gurgaon, is spread across 30,000 sq. ft. and is the ... More

Merrill Lynch invests Rs 218 cr in Vestas RRB
Merrill Lynch’s private equity wing has made an investment of Rs 218 crore (around $55 million) in Vestas RRB, an unlisted wind turbine manufacturing company.Mr Sarvesh Kumar, Deputy Managing Director of the Delhi-based company, ... More

OVERSEAS BORROWINGS
DLF to raise $1.5 b loan overseas
New Delhi, Oct. 11 Real estate company DLF Ltd on Thursday announced it would raise up to $1.5 billion (about Rs 6,000 crore) loan from the overseas market for participating in the public offer of DLF Offices Trust, Singapore, and investing in ... More

NEW BUSINESS
Bharati Shipyard bags SCI order
Mumbai, Oct. 11 Bharati Shipyard bagged a Rs 351-crore order from Shipping Corporation of India for design, construction and supply of four Anchor Handling Tugs cum Supply Vessels (AHTSVs) of 80 Tons Bollard Pull capacity. According to ... More

MERGERS & ACQUISITIONS
‘Acquisitions will hurt credit-worthiness’
Crisil’s downgrades have exceeded upgrades in H1 More

L&T to buy Malaysian co’s switchgear biz
Share sale pacts likely for 3 arms More

‘No hurry to sell stake in UltraTech Cement’
Will wait for price to appreciate, says L&T chief More

NEW PROJECTS
J Hotels entering Puducherry
Chennai, Oct. 11 J Hotels, part of the Chennai-based J Group, is putting up a 160-room, 5-star hotel in Puducherry at an investment of Rs 60 crore. The hotel will be called ‘The Accord Metropolitan’— the company’s hotel ... More

ALLIANCES & JOINT VENTURES
TVS firm forms venture with Italian co
Chennai, Oct 11 Sundaram Industries, part of the TVS group of companies, and Novotema SPA of Italy have announced plans to set up a joint venture company for manufacturing and distributing of specialty elastomer used in sealing application, ... More

Advinus, DNDi tie up for kala azar drug
Bangalore, Oct. 11 Advinus Therapeutics (P) Ltd said it has tied up with Geneva-based Drugs for Neglected Diseases initiative (DNDi) to discover and develop novel therapies for ‘kala azar’, a fatal and infectious tropical disease. ... More

DQ Entertainment signs up major deals
Hyderabad, Oct. 11 Gaming and animation solutions provider DQ Entertainment has announced partnerships with American Greetings Properties, Classic Media, TAFFY and MoonScoop for animation series.The series include Twisted Whiskers, an ... More

Tata-Fiat venture to make Grande Punto, Linea
Ranjangaon unit to also manufacture engines, Tata’s next-gen vehicles More

Maruti forms joint venture with Fiat group co Magneti
To produce electronic control units for diesel engines More

SOCIETY & DEVELOPMENT
Does corporate social responsibility need incentives?
More

VENTURE CAPITAL
PFC in talks with equity players
More

Kotak to invest $10 m in Intas Biopharma
Ahmedabad, Oct 11 The Ahmedabad-based Intas Biopharmaceuticals Ltd (IBPL) has signed an agreement with Kotak Private Equity Group (KPEG) leading towards an investment of $10 million in IBPL as equity. The Foreign Investment Promotion ... More

RIGHTS ISSUE

DIC rights share fixed at Rs 225

SICK UNITS
Centre considering package for FACT
Thiruvananthapuram, Oct. 11 A package to help Fertilisers and Chemicals Travancore (FACT) out of its present crisis is under the active consideration of the Centre. This was conveyed to the Kerala Industries Minister, Mr Elamaram ... More

Bharat Yantra Nigam to be wound up
New Delhi, Oct 11 The Centre has decided to wind up the Allahabad-based Bharat Yantra Nigam Ltd (BYNL), a sick public-sector engineering company, on the recommendation of the Board of Industrial and Financial Reconstruction (BIFR). The ... More

OUTLOOK
Rising rupee: Hyundai to take Rs 156-cr hit this year
Co seeks a system of rebate on taxes, levies More

UK co ClinTec entering drug development
To expand Indian centre More