CORPORATE
RESEARCH & DEVELOPMENT
Cadbury India, TNAU ink pact
Coimbatore, May 31 India’s leading confectionary company Cadbury India Ltd has tied up with the Tamilnadu Agricultural University (TNAU) to jointly promote research and development in in cocoa cultivation.An agreement for the ...
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ACCOUNTING STANDARDS
About 40 cos to be part of CII green gases project
Hyderabad, May 31 Around 40 companies, including Tata Steel, Godrej & Boyce, Infosys, Wipro, Ashok Leyland and Apollo Hospitals, have agreed to implement an accounting standard on greenhouse gas emissions.The accounting standard is ...
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OVERSEAS BORROWINGS
Services sector can access ECBs
Overseas borrowings of up to $100 m allowed
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AWARDS & HONOURS
BILT bags HIV programme award
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DERIVATIVES MARKETS
Orchid net down on forex losses
Orchid Chemicals and Pharmaceuticals has reported a 33 per cent decrease in net profit for the fourth quarter ended March 2008 due to exchange losses on outstanding FCCBs. The exchange loss on outstanding FCCBs was Rs 7.77 crore. At the board ...
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MERGERS & ACQUISITIONS
Sterlite wins bid for Asarco
$2.6-b cash deal is subject to US bankruptcy court approval
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‘Asarco, a low-cost producer of copper’
Acquisition to give Sterlite ‘fantastic’ boost to its margins
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KCP Biotech merges with parent co
Chennai, May 31 KCP Biotech Ltd, the wholly owned subsidiary of KCP Ltd, which was merged with the parent company on Friday will expand and diversify its operations. Mr V.L. Dutt, Chairman and Managing Director, KCP Ltd, said the merger ...
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Vanco victory
Reliance Communications through its subsidiary has agreed to acquire 100 per cent equity of the London-headquartered VANCO, a managed global network player, for Rs 327 crore. ...
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Herbal foray
Personal care major, Emami, has bought into herbal medicines maker, Zandu Pharmaceutical Works, after one of the promoter groups exited the company by selling off their holding. Emami has acquired 27.5 per cent stake for an undisclosed sum. ...
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Taro tension
Sun Pharma has come out strongly against the steps initiated by Taro Pharma to terminate its merger agreement with the former, announcing that the Israeli drug maker is not entitled to terminate the same. ...
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NEW PROJECTS
Sujana Metal to invest Rs 800 cr on expansion
Hyderabad, May 31 Sujana Metal Products Ltd (SMPL) will be investing Rs 800 crore by June 2010 on expansion, modernisation and backward integration projects.“Out of the total investment, Rs 370 crore will be used for two ...
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L&T plans to invest Rs 2,500 cr this fiscal
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OVERSEAS INVESTMENTS
JSW to develop iron ore mines in Chile
New Delhi, May 31 JSW Steel plans to invest approximately $500 million over the next three years to raise capacity of the iron ore mines it has acquired in Chile.The company also plans to commence commercial operations in the coking ...
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RIGHTS ISSUE
Paying for JLR
Tata Motors, which agreed to acquire to Jaguar-Land Rover for $2.3 billion, has decided to raise an amount of about Rs 7,200 crores through three simultaneous but unlinked rights issues to part-finance the ...
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OUTLOOK
Essar’s Raniganj block likely to begin gas output by year-end
15 production wells to be drilled in 500 sq km coal-bed methane block
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This year will be tough: BMW President
New Delhi, May 31 The industrial slowdown and a lacklustre economic outlook have not spared even luxury car makers like BMW. After Maruti, Hyundai, Honda and Tata Motors said that the current fiscal appears to be tough for auto makers, the ...
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