CORPORATE
ACCIDENTS
Minor fire at Vizag Steel Plant
A minor fire accident occurred in Visakhapatnam steel plant on Monday morning, but there was no substantial damage or production loss, according to a press release issued by the company. The release said, "Sinter is cooled in ...
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ANNOUNCEMENTS
Reliance finds gas in 2 more east coast blocks
Co holds 90% operating interest in both the blocks
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PREFERENTIAL ALLOTMENTS
Rane promoters raise stake
The promoters the Rane group of Chennai have raised their stake in Rane Holdings Ltd (a listed company), by 16.87 per cent through a preferential allotment of shares, to 51.28 per cent, the group informed the stock exchanges on Monday. ...
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CORPORATE DISPUTES
No intention to oust Shishir from group cos, says Rahul Bajaj
`Buying and selling shares in the normal course of business'
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NEW BUSINESS
IVRCL bags Rs 313-cr orders
IVRCL Infrastructures and Projects Ltd has bagged new orders worth Rs 313.43 crore. These include Rs 200.45 crore for the construction of BITS - Pilani, Hyderabad Campus at Shameerpet (Rs 122.50 crore), the demolition and ...
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AWARDS & HONOURS
MSTC bags `MoU Excellence' award
The Kolkata-headquartered MSTC Ltd, listed among the top Mini Ratna central PSEs, has been awarded the MoU Excellence Award for 2004-05. The organisation has been selected for the honour from amongst the top 10 CPSEs. According to an official ...
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INSIGHT
From forecast to foresight
Successful business leaders must anticipate changes and proactively provide answers to them, before competition becomes wise.
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COURTS/LEGAL ISSUES
CLB share transfer order flayed
The order of the Company Law Board (CLB) directing the West Bengal Industrial Corporation (WBIDC) to transfer its 1.55 million shares in Haldia Petrochemical Ltd (HPL) to the Chatterjee Group lead by Purnendu Chatterjee was ...
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MANAGEMENT
From Mumbai to Omaha - dabbawallah lessons in management
`Unique Experience'
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MERGERS & ACQUISITIONS
Commodities account for higher share of total M&A deals
Commodities sector deals valued at $3.5 billion
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Goenkas raise stake in CESC
The allotment committee of the CESC board of directors on Friday last formally allotted a total of 20 lakh shares to two corporate bodies controlled by the Goenkas. Conversion of 20 lakh equity warrants has inflated the promoter group's stake ...
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Mascon okays US co acquisition
Mascon Global Ltd has `in-principle' approved the acquisition of a US-based company and buying of `specified accounts.' According to information provided by the company to the stock exchange, the board has referred the decision ...
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NEW PROJECTS
Nalco signs MoU with Mines Ministry
National Aluminium Company Ltd (Nalco) has signed a memorandum of understanding with the Union Ministry of Mines for 2007-2008, projecting more than 100 per cent capacity utilisation in its aluminium smelter and alumina ...
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Quipo Energy sets up centre of excellence
Quipo Energy Rental Services today inaugurated its Centre of Excellence for Asia and said that it would be investing Rs 15 crore in the power generation set business in the next two years in Gujarat. The Group has also lined up an investment of ...
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OVERSEAS INVESTMENTS
Cadila Pharma to open plant in Ethiopia today
To invest Rs 2,500 cr in expansion over 5 years
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Punj Lloyd arm to build chemical plant in Saudi
Simon Carves Ltd, a subsidiary of Punj Lloyd Ltd (PLL), has received a letter of intent (LoI) to build a low density polyethylene plant, with a capacity of 300 kilo tonnes per annum (ktpa), for the Saudi Kayan Petrochemical Company, an affiliate ...
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ALLIANCES & JOINT VENTURES
Glenmark inks deal with Dyax for biologics
Expects first lead to go into clinical trials by 2009
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INTERVIEW
There is life after M&A for tax holiday
A tax amendment that has been ruining the holidays of M&A professionals is the one about tax holiday. Reason: The latest Budget proposes to deny the tax holiday benefit for enterprises that are transferred in a scheme of amalgamation or demerger
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SOCIETY & DEVELOPMENT
Natco gesture to breast cancer patients
The Hyderabad-based Natco Pharma Ltd has decided to support 10,000 breast cancer patients with free supply of the generic version of Arimidex Anastrazole. The supplies would be made through select cancer research institutes/cancer hospitals all ...
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PEOPLE
Himadri Sen is Ranbaxy's R&D chief
Ranbaxy Laboratories Ltd announced on Monday that Dr Himadri Sen would be joining the company as President - R&D (Generics & NDDS). Dr Sen, who has a Masters in Pharmacy from the University of Manchester, UK, and a PhD. fr
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Pharma sector in throes of top-level management churn
Indian cos attracting top officials from MNCs
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