The Hindu Business Line : Tuesday, July 15, 2008

COURTS/LEGAL ISSUES: Ranbaxy refutes allegations by US Govt
Says it has complied with all FDA requirements. New Delhi, July 14 Ranbaxy Laboratories Ltd on Monday refuted the allegations contained in the motion filed by the US Department of Justice (DOJ) that the company submitted false and fabricated ...

NEW PROJECTS: TVS Cherry plans to set up third facility
Chennai, July 14 TVS Cherry Private Ltd (TCPL), the 50:50 joint venture between TVS Group and $425-million Cherry Corporation (CC) of the US, is mulling options to set up its third facility, preferably in Pune, primarily to support increasing ...

NEW PROJECTS: Continental opens electronic facility in Bangalore
Car parts maker Continental said on Monday it opened a new electronic manufacturing facility and R&D centre in Bangalore at a total investment of Rs 220 crore. ...

ALLIANCES & JOINT VENTURES: HPCL ties up with Chhattisgarh
Hindustan Petroleum Corporation Ltd on Monday signed a memorandum of understanding with Chhattisgarh Government and Chhattisgarh Renewable Energy Development Agency (CREDA) for the formation of joint venture company to undertake jatropha ...

NEW BUSINESS: BEML bags 2 African orders

NEW BUSINESS: Era Infra bags BHEL contract

DIVIDEND ANNOUNCEMENT: V Guard declares 25% dividend
V Guard Industries has declared a dividend of 25 per cent at its AGM held on Monday. This is over and above the 40 per cent interim dividend declared by the company during August 2007. The company’s profit after tax for the fiscal 2007-08 ...

VENTURE CAPITAL: Emaar to infuse $150 m into specific projects
Focuses on development of properties in various sectors. New Delhi, July 14 Emaar Properties PJSC of Dubai has decided to pump in $150 million into specific projects of Emaar MGF Land Ltd, the Indian joint venture between MGF Development Ltd ...

OPEN OFFERS: Zandu Pharma scales new peak
Kolkata/Mumbai, July 14 Zandu Pharmaceutical Works scaled a new height on Monday as the Rs 100-face valued stock closed at Rs 19,088.90, its all-time high and more than three-fold price offered by Emami group, which had purchased 23.6 per ...

OUTLOOK: Panna-Mukta gas supply to normalise this week
The production of natural gas from the Panna-Mukta-Tapti (PMT) gas fields, which resumed a couple of days ago, would be normalised in the next two to three days, Dr U.D. Choubey, Chairman and Managing Director, GAIL (India) Ltd, said on ...

OUTLOOK: Volkswagen to double its passenger vehicle sales
Bangalore, July 14 The Volkswagen Group hopes to double its sales of passenger vehicles for the current calendar year to 20,000. The ambitious outlook stems from the German Group’s stellar performance during January-June 2008, when it ...

OVERSEAS INVESTMENTS: SRF acquiring South African belting fabrics firm
New Delhi, July 14 Technical textiles and refrigerant gases manufacturer SRF Ltd on Monday announced the signing of a definitive agreement for the acquisition of the belting fabrics business of South Africa-based Industex Technical Textiles ...

VENTURE CAPITAL: Foreign firms to pick up stake in Eldeco Infra for Rs 196 cr
New Delhi, July 14 AMIF RE Investments, Mauritius, and some other foreign companies are picking up stake in Eldeco Infrastructure and Properties Ltd for about Rs 196 crore. The proposal, which came up for discussion at the FIPB’s meeting ...

ALLIANCES & JOINT VENTURES: Jubilant arm in drug discovery pact with US firm
New Delhi, July 14 Jubilant Biosys Ltd, a subsidiary of Jubilant Organosys Ltd, announced a drug discovery partnership with US-based biotech company Amgen Inc. ...

COURTS/LEGAL ISSUES: HC refuses to grant interim order to Dunlop
Kolkata, July 14 A Division Bench of the Calcutta High Court comprising Mr S.S. Nijjar, Chief Justice, and Mr Justice P.C. Ghose, on Monday refused to grant interim order to Dunlop India Ltd (DIL). ...

COURTS/LEGAL ISSUES: Ranbaxy: Uncertainty about USFDA investigation
US business and reputation at stake. Ranbaxy’s stock fell close to 11 per cent after a US legal investigation sparked concerns on the company’s American business as well as the takeover planned by Daiichi Sankyo Company. ...

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