The Hindu Business Line : Saturday, November 12, 2005

GAIL opens air pollution research centre in Pune
THE GAIL (India) Ltd Chairman and Managing Director, Mr Proshanto Banerjee, on Friday inaugurated the Air Pollution Research and DiseaseDiagnostic Centre (APRDC) at Bharati Hospital in Pune. He told newspersons that the company has sponsored ... More

ANNOUNCEMENTS

Visaka okays new name for cricket stadium
VISAKA Industries Ltd (VIL) has announced here on Friday that it has no objection for changing the name of the newly constructed international stadium from `Visaka Stadium' to `Rajiv Gandhi International Cricket Stadium'. VIL had contributed Rs ... More

Ranbaxy wins 2 patent claims for clarithromycin in US
RANBAXY Laboratories Ltd today said that it had won two out of the three patent claims for Clarithromycin 1000 mg extended release (ER) drug used in the treatment a wide variety of bacterial respiratory tract infections including chronic ... More

AWARDS & HONOURS

Kumar Mangalam Birla is E&Y entrepreneur of the year
MR Kumar Mangalam Birla of the Aditya Birla group has been named the Ernst & Young (E&Y) Entrepreneur of the Year 2005. He will represent India at the awards function in Monte Carlo, Monaco, in June 2006. A release quoted Mr V.V. Ranganathan, More

MERGERS & ACQUISITIONS

M&A scene hotting up in Asia, says S&P report
IN the backdrop of M&A (mergers and acquisitions) activity gathering steam worldwide, with the US and Europe at the forefront, the scene is hotting up in Asia as well, says a Standard & Poor's report from New York. While Japan has been the mo More

Ranbaxy hikes stake in Nihon Pharma to 50%
"Ranbaxy's increase in the shareholding in the joint venture reinforces its strong commitment to the Japanese market. Further, the new structure recognises the equal commitment of both partners and their intent to grow the generics business in Japan, in a collaborative manner." More

FIPB clears GA European proposal for NDTV stake
THE Foreign Investment Promotion Board on Friday approved the proposal of Cyprus-based GA European Investments to acquire 7.6 per cent stake in New Delhi Television (NDTV) Ltd for about Rs 116 crore. The company had last month informed the ... More

SABMiller eyeing Mohan Meakin brands — Readies Rs 560 cr for acquisitions, expansion
BEER giant SABMiller is learnt to be eyeing brands of North India-based Mohan Meakin even as it readies a war chest of around Rs 560 crore for acquisitions and expanding its existing capacity. The SABMiller India Managing Director, Mr Richard ... More

Excel Crop picking up stake in Aimco to benefit both
IN the consolidating scenario of the agrochemicals industry, Excel Crop Care's decision to pick up 25 per cent equity holding in Aimco Pesticides stems from its need to step up capacity. There are many synergistic fits between Excel Crop and ... More

NEW PROJECTS

L&T to set up engg facility near Pune
LARSEN & Toubro has set its eyes on Pune to set up an engineering manufacturing facility, expand the IT and engineering services and have its own campus. Talking to presspersons, Mr A.M. Naik, Chairman & Managing Director, said the company More

ALLIANCES & JOINT VENTURES

ONGC Mittal Energy signs MoU with Nigeria
ONGC Mittal Energy Ltd (OMEL), the joint venture between Oil and Natural Gas Corporation and L. N. Mittal Group, has signed a memorandum of understanding with the Nigerian Government for long-term infrastructure investments in exchange for ... More

OUTLOOK

Dip in crude prices, oil bonds may help oil cos post profits
GIVEN the combined effect of reduction in crude prices, over Rs 15,000 crore issue of oil bond (expected to be cleared by Parliament in Winter session) and continuation of the existing subsidy sharing arrangement by the upstream companies; IOC, ... More

BILT steps up focus on non-paper businesses
BALLARPUR Industries Ltd (BILT) is planning to step up focus on its non-paper businesses and has charted out expansion plans for its power, packaging, and food divisions. The company, for instance, is mulling the possibility of hiving off its ... More

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One fell swoop on ELSS

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Dip in crude prices, oil bonds may help oil cos post profits

In Focus

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Stock splits