The Hindu Business Line : Friday, April 04, 2008

ANNOUNCEMENTS
Ranbaxy launches new drug for bone disease
New Delhi, April 3 Ranbaxy Laboratories Ltd has announced the launch of BONISTA- Teriparatide injection for the treatment of Osteoporosis, in collaboration with the Hyderabad-based Virchow Biotech Pvt Ltd. Ranbaxy is the first company to ... More

NHPC plans IPO in second quarter
New Delhi, April 3 National Hydroelectric Power Corp Ltd (NHPC) plans to launch an initial public offering in the second quarter of the current financial year. “We will be going to the market shortly. We are planning an IPO during the ... More

NEW BUSINESS
Subhash Projects bags NTPC project
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MERGERS & ACQUISITIONS
Royal Orchid stake in Goa resort
Royal Orchid, the Bangalore-based hotel group, has picked up a 50 per cent stake in a resort in Goa for Rs 17 crore. The company would be investing another Rs 10 crore for the renovation of the property. Mr Chander Baljee, Chairman and Managing ... More

NEW PROJECTS
Lahari Resorts plans expansion
Hyderabad, April 3 Lahari Resorts will be adding 200 deluxe rooms at its premises at Bhanoor village on the outskirts of the city with an investment of over Rs 20 crore.“Apart from increasing the number of rooms, we are also ... More

Metso investing €30 m in industrial park
New Delhi, April 3 Finnish engineering and technology firm Metso is planning to invest around €30 million to establish a multi-functional industrial facility in India. The proposed facility, to be called Metso Park, will host both ... More

US firm sets up lab here
Worried that the apparel you are wearing might have banned dyes or worse, the pashmina shawl may have been procured by killing an endangered animal? The US-based Specialised Technology Resource promises to rest such fears by conducting quality ... More

Sahara enters Kochi real estate market
Launches Sahara Grace brand of residential complex More

OVERSEAS INVESTMENTS
Dr Reddy’s buys Italian company Jet Generici
Pharma major Dr Reddy’s Laboratories has announced its second acquisition in the last three days. It has acquired Italy-based generic finished dosages firm Jet Generici Srl. The deal had been completed via Dr Reddy’s ... More

ALLIANCES & JOINT VENTURES
Cairn mulls foray into city gas distribution
Collaboration with GAIL on the cards More

Ultra Motors exits collaboration with Hero Exports
To sell its own electric scooters to be launched in May More

Avesthagen ties up with DuBiotech to launch new products
Bangalore, April 3 Avesthagen Ltd said it has tied up with Dubai Biotechnology and Research Park to market and launch new biotechnology products.Under a framework agreement, the two will integrate technologies based on traditional ... More

DIVERSIFICATION
RIL to set up semiconductor fab, solar photovoltaic units
Submits proposal to Govt; investment at Rs 30,000 cr More

OUTLOOK
AES-Riverstone venture may target solar projects in India
New Delhi, April 3 US power major AES Corp and private equity firm Riverstone Holdings LLC, which have firmed up plans to jointly invest up to $1 billion in photovoltaic solar projects around the world over the next five years, are keenly ... More

Volkswagen will increase investments in India by 40%
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PERFORMANCE
Clarification
With reference to the table in the report ‘Vehicle sales in March head north’, published in the edition dated April 2, it is clarified that the figures for Maruti Suzuki pertain to the compact car ... More

Aditya Birla March cement sales up 2.8%
Mumbai, April 3 Aditya Birla Group cement sales in March rose 2.8 per cent to 3.03 million tonnes (mt) from a year earlier.Production was up 4.9 per cent at 3.03 mt in March, the company said in a statement on Thursday.Sales in ... More