CORPORATE
RESEARCH & DEVELOPMENT
Avesthagen begins bio-actives trials
Avesthagen Ltd said it had begun phase III human clinical trials of seven plant bio-actives or ingredients used in its nutraceutical products. Manipal AcuNova Ltd is conducting the studies, starting with three anti-diabetic bio-actives Teestar, ...
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CONTRACT FARMING
Jayant Oils to increase contract farming area in Vidharba
Mumbai, March 24 Jayant Oils and Derivatives Ltd (JODL) plans to increase by four times the area under contract farming in Vidharba region. The company is in the process of signing agreements with farmers to grow castor as a supplementary crop ...
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ANNOUNCEMENTS
Cipla develops combination drugs for US, Europe
Launches combination inhaler in India
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BUYBACK
Great Offshore mulls buyback
Mumbai, March 24 Great Offshore, an integrated offshore oilfield services provider, proposes to go in for a buy-back of shares. The board of directors of the company will meet on March 31 to consider the proposal, the company said in a ...
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NEW BUSINESS
Welspun bags Rs 1,075-cr order
Welspun Gujarat Stahl Rohren Ltd has bagged a Rs 1,075-crore order for supply of spiral pipes to northern Africa. The new order takes Welspun’s order book position to over Rs 5,900 crore, the company informed the BSE on Monday. Mr B.K. ...
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XL Telecom secures Rs 150-cr overseas order for solar panels
Hyderabad, March 24 XL Telecom and Energy Ltd, the Hyderabad-based solar panel and solar cell maker, has bagged a Rs 153.9-crore order from the European Union, to be delivered by 2009.With this, the company order book for the supply of ...
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COURTS/LEGAL ISSUES
HC rejects Sterlite’s plea challenging reopening of IT assessment for 2000-01
Chennai, March 24 The Madras High Court has rejected the plea of Tuticorin-based Sterlite Industries (India) Ltd that the order of Deputy Commissioner of Income-tax, Company Circle VI(4), Chennai, to reopen assessment for year 2000-01 be set ...
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IPR
Aurobindo acquires IP, marketing authorisations of TAD Italy
Hyderabad, March 24 Aurobindo Pharma Ltd has concluded a strategic deal for acquisition of intellectual property (IP) and marketing authorisations with TAD Italy, a generic company registered in Italy.The acquisition would give ...
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Suven Life bags 2 patents in Eurasia
Suven Life Sciences Ltd has been granted two product patents in Eurasia for its New Chemical Entities (NCEs) for the treatment of disorders associated with neurodegenerative diseases. The patents (nos. 009193 and 009367) are valid till 2023 in ...
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RESTRUCTURING
GHCL to spin off home textile biz
Textiles and soda ash player GHCL Ltd on Monday announced that its board of directors has accorded an “in-principle approval” to restructure the company’s business and spin off its home textile and retail businesses into ...
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NEW PROJECTS
Fiat India to double Ranjangaon capacity
Additional investment of Rs 2,341 cr
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Posco not to go ahead with ground-breaking ceremony on April 1
Bhubaneswar, March 24 POSCO-India on Monday said it would not organise the ground breaking ceremony of its proposed steel project in Orissa’s Jagatsinghpur district on April 1 as declared earlier.The company said it did not want ...
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Rain Group expanding cement, calcined coke capacities
Hyderabad-based Rain Group is expanding the capacity of its cement plant in Kurnool, Andhra Pradesh, by adding 1.5 million tonnes (mt) by May, besides augmenting its Calcined Petroleum Coke (CPC) production.With the capacity addition to ...
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Aries Agro targets 1 lakh t capacity by Sept
Eyeing a bigger pie in the Rs 1,000-crore, 2.36-lakh tonne micronutrient market in the country, the Mumbai-based Aries Agro has decided to open three more manufacturing facilities (Ahmedabad, Lucknow and Panvel) to take the total capacity to ...
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ALLIANCES & JOINT VENTURES
Maytas, Nagarjuna Construction team up with German firm Paschal
To set up Rs 100-cr formwork factory in Vizag
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DIVERSIFICATION
Emami Group to foray into edible oils
Plans to invest Rs 250 cr in Haldia unit
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OUTLOOK
Caparo to manufacture Hyundai buses in India
Plant may come up in TN or Nellore in AP
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Concept Hospitality set to expand hotel management portfolio
Concept Hospitality, the Mumbai-based hotel management and consultancy company, is set to expand the portfolio of hotels it manages. The company, which currently manages nine hotels across the country, is set to add eight more hotels in ...
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ONGC signs performance contract with OVL
New Delhi, March 24 ONGC has signed a performance contract for 2008-09 with ONGC Videsh Ltd (OVL). According to a statement issued by the company, “ONGC would be signing the annual memorandum of understanding for 2008-09 with the ...
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BHEL expansion work apace
Phase I of modernisation drive ended in December 2007
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Eicher to replace Skyline, Cruiser buses with new range
Pune, March 24 Eicher Motors, the commercial vehicle unit of Eicher Motors Ltd, will replace its existing Skyline and Cruiser buses with a new range of light commercial vehicle (LCV) buses that will be the first in the country to meet all the ...
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