CORPORATE
RESEARCH & DEVELOPMENT
IMPACT
Nicholas’ drug trial plan on expected lines
Not clear whether company will out-license
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ANNOUNCEMENTS
Drilling holiday: Ministry asks RIL to submit details
Rig shortage may affect activities in Reliance’s 11 deepwater blocks
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Yamaha launches 2 high-end models
Company rebuilding the Yamaha brand in India
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Ginger opens hotel in Puducherry
Mumbai, Dec 4 Ginger Hotels, a Tata enterprise, opens its tenth outlet in Puducherry on Friday. The chain of budget business hotels is run by Roots Corporation Ltd (RCL), a wholly owned subsidiary of Tata’s Indian Hotels Company Ltd. ...
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Indo Asian moves into cables
New Delhi, Dec. 4 Indo Asian Fusegear Ltd, manufacturer of electrical equipments, has announced its foray into cables and wires manufacturing business with an investment of Rs 100 ...
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PREFERENTIAL ALLOTMENTS
REL promoters keen on insurance cos stake
In case the latter decline to accept pref offer
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Vivimed Labs pref allotment
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OPEN OFFERS
Bajaj Electricals promoters make open offer for 7% stake
Mr Rahul Bajaj and his cousins — Mr Shekhar Bajaj, Mr Madhur Bajaj, and Mr Niraj Bajaj — constituting a section of the promoter group in Bajaj Electricals made an open offer to the public to acquire a 7 per cent stake in the ...
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AWARDS & HONOURS
Honour for Jagdish Khattar
The London Metropolitan University, UK, has conferred Doctor of Business Administration (Honorary) on Mr Jagdish Khattar, Maruti Suzuki India Managing Director, at the university convocation, in London, on Tuesday. According to a communication ...
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Sterlite bags award
Madurai, Dec 4 Tuticorin-based Sterlite Industries (India) Ltd (SIIL) has been selected as winner of the Golden Peacock National Training Award-2007. SIIL was adjudged the winner by a jury under the Chairmanship of Justice P N ...
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CORPORATE BONDS
Reliance Energy plans FCCB issue
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RESTRUCTURING
Videocon jumps on market buzz
The stock of Videocon Industries has been attracting a lot of investor interest in the last couple of days. If market rumours are to be believed, then the company is at an advance stage to set up 3,200-MW power plant. An eventual de-merger of ...
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MERGERS & ACQUISITIONS
Mahindra Forgings merger plan
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Phoenix Mills acquires 60% in Big Apple Real Estate
Mumbai, Dec. 4 Phoenix Mills Ltd (Phoenix) has acquired 60 per cent in Delhi-based Big Apple Real Estate Pvt Ltd (Big Apple), the owners of the United Malls brand. The stake is being acquired through the swap of Phoenix stake in its Market ...
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Keltec to be handed over to BrahMos
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McLeod, Moran Tea merger at 4:1
The boards of directors of both McLeod Russel India Ltd and Moran Tea Company (India) Ltd at meetings here on Tuesday approved the ratio at which the shares will be swapped following the earlier decision on amalgamation of Moran Tea with McLeod ...
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NEW PROJECTS
Siemens new transformer facility near Mumbai goes on stream
Global power equipment manufacturer Siemens Ltd’s new power transformer factory at Kalwa near Mumbai aims to reach markets in West Asia and SAARC countries.Mr J. Schubert, Managing Director of Siemens Ltd, said that in view of the ...
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Italian co to set up boiler facility in Tuticorin
Hyderabad, Dec. 4 Ansaldo Caldaie Boilers is setting up a boiler manufacturing unit in Tuticorin in Tamil Nadu, with an overall investment of up to $20 million.The Indian company of the Italian power major Ansaldo Caldaie, has already ...
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OVERSEAS INVESTMENTS
Bajaj open to taking majority stake in Austria’s KTM
New Delhi, Dec. 4 Two-wheeler manufacturer Bajaj Auto Ltd said it was open to take a majority stake in Austria’s sports bike maker KTM and is also looking at other takeover opportunities. “We may even consider picking up a ...
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Veta aims for global footprint, plans to enter Singapore, Malaysia
Madurai, Dec. 4 Veta, a leading Chennai-based spoken English training academy with ISO Certification, plans to have a global footprint by 2008. It has planned to start a Centre in Singapore in January and another one in Malaysia by the end of ...
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Biocon to finalise overseas buy soon
New Delhi, Dec. 4 Biocon is hoping to finalise a target for an acquisition in six months. “We are looking to acquire a company, possibly a marketing, research or clinical services company,” said Ms Kiran Mazumdar-Shaw. She, ...
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ALLIANCES & JOINT VENTURES
Dolce & Gabbana’s venture with DLF gets nod
Partnership is a 51:49 single brand retailing venture
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Reliance, GAIL join hands for petrochem complexes
Mumbai, Dec. 4 Reliance Industries Ltd and GAIL (India) Ltd on Tuesday signed a memorandum of understanding for joint co-operation in petrochemicals. They will create a special purpose vehicle for setting up petrochemical complexes in West ...
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Iffco, Jordan Phosphates tie up
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Aparna group plans township near Hyderabad
Hyderabad, Dec. 4 Morgan Stanley Real Estate has formed a 50:50 joint venture with Aparna group to develop ‘Aparna Laketown’ in Nalagandla near here.The joint venture company would develop high-end residential accommodation ...
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Dutch co DSM ties up with Arch Pharma
Mumbai, Dec 4 The Netherlands-based multi-speciality company DSM has entered into a manufacturing agreement with Mumbai-based Arch Pharmalabs to make generic active pharmaceutical ingredients (API). The agreement builds on a ...
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DIVERSIFICATION
JMJ Group to foray into hotel, retail segments
Hyderabad, Dec 4 The Rs 260-crore JMJ Group, with core business strengths in perfumery blending and manufacturing of herbal extracts, has firmed up plans to foray into hotel and retail segments. The Mumbai-based company is building 5-star ...
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OUTLOOK
Coal India may see dip in profits
In a squeeze due to non-revision of notified price for over 3 years
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GM keen on making India export base for new cars
Ties up with IIT–Kharagpur for research
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BGR Energy to foray into EPC biz in power
Chennai, Dec 4 BGR Energy is planning to offer engineering, procurement, construction’ services in the power sector.The Chennai-based BGR Energy Systems Ltd, whose initial public offering is opening on Wednesday, has an order book ...
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Coca-Cola retail school will run on wheels
To focus more on training owners of mom ’n pop stores
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Alliance Group raising Rs 600 cr to part fund realty projects
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French outdoor firm foraying into India
Plans to market its heritage products
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PERFORMANCE
Bajaj vehicles sales down in Nov
Pune, Dec 4 Bajaj’s motorcycle sales at 2,09,876 were 2 per cent lower in November 2007 against 2,14,321 in the corresponding period of last year, according to a company release. The total two wheeler sales also saw a dip by one ...
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Birla group cement output down 8.3% in Nov
Mumbai, Dec 4 The Aditya Birla Group cement production in November has fallen 8.30 per cent to 2.34 million tonnes (mt) against 2.52 mt in October. Consequently, dispatches have dipped 10 per cent to 2.29 mt against 2.55 mt in ...
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ACC ouput rises 1.27%
Cement major ACC, in November produced 1.59 mt against 1.57 mt same period last year, a rise of 1.27 per cent. Dispatches improved 3.26 per cent to 1.58 mt against 1.53 mt.Between January and November, the company produced 18.34 mt ...
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M&M sales rise 36.7% in Nov
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