The Hindu Business Line : Thursday, October 11, 2007

COURTS/LEGAL ISSUES
No VRS to employees facing criminal charge, rules Madurai Bench
Chennai, Oct 10 An employee of a co-operative society could not force the society to accept his voluntary retirement request (VRS) contrary to all norms and conditions imposed under the scheme, the Madurai Bench of Madras High Court has ... More

CORPORATE BONDS
Cambridge Tech to hike capital
Cambridge Technology Enterprises Ltd is set to increase its authorised capital from Rs 20 crore to Rs 30 crore by creation of additional shares. This move is part of the company’s effort to offer fresh equity to part-fund its ... More

RESTRUCTURING
Shasun Chem may split research, manufacturing operations
Chennai, October 10 The management of the Chennai-based Shasun Chemicals and Drugs Ltd is considering splitting the company into two entities — one for manufacturing and the other for research — own and contract, it is ... More

MERGERS & ACQUISITIONS
Lupin takes majority stake in Japanese generic co
Mumbai, Oct 10 Lupin Ltd has acquired close to 80 per cent stake in Japanese generic company Kyowa Pharmaceutical Industry Co Ltd, for an undisclosed amount. The Mumbai-based drug-maker is set to pick up the remaining 20-odd per cent equity as ... More

Nucleus Software to sell its 25% stake in GMAC Finanical
New Delhi, Oct. 10 Software products company Nucleus Software on Wednesday decided to sell its 25.1 per cent holding in GMAC Financial Services India Ltd, to GMAC, at a price to be worked out on the basis of fair market value.“The ... More

Buyout: No short-term benefits for Lupin
But will add significant value to its R&D More

NEW PROJECTS
Donear on expansion spree; setting up new plant in Surat
To enter apparel retailing with DCot brand More

Madurai getting mega dairy unit
Madurai, Oct. 10 Madurai will have a mega dairy unit, capable of handling five lakh litres of milk by 2010.Funded partly by banks and own resources of the Madurai District Milk Producers Cooperative Union, also known as Aavin, the new ... More

TCC in expansion mode
To invest Rs 55 crore in capacity addition More

OVERSEAS INVESTMENTS
IOC in talks with RIL for joint exploration
Looking at opportunities in East Timor block More

S Kumars foraying into West Asia
Mumbai, Oct. 10 S Kumars is to launch its first overseas retail stores in West Asia within the next six months, Mr Nitin S. Kasliwal, Vice-Chairman and Managing Director, told Business Line. They will be exclusive brand ... More

REGULATORY BODIES & RULINGS
Sun Pharma gets US nod for Trileptal
Chennai, Oct 10 Sun Pharmaceutical Industries Ltd has announced that the USFDA has granted final approval for the company’s abbreviated new drug application to market its generic version of Novartis Trileptal oxcarbazepine tablets, used ... More

ALLIANCES & JOINT VENTURES
‘Marketing tie-ups between hotel chains enhance brand awareness’
More

DIVERSIFICATION
Mahindra joins the retail bandwagon
To operate through fully owned subsidiary Mahindra Intertrade More

SICK UNITS
Bharat Gold Mines to be revived
Bangalore, Oct. 10 The talk of reviving the famed Kolar gold mines is still on, six years after the defunct mines were ordered closed. At Tuesday’s inauguration of BEML’s rail coach unit at Kolar Gold Fields, nearly 100 km ... More

OUTLOOK
PowerGrid plans Rs 16,500-cr investments
To fund slew of transmission projects More

Godrej SED sets eyes on export market
Upbeat on the prospects of a growing market for security systems, the Rs 300-crore Godrej Security Equipment Division (Godrej SED) is confident of reaching Rs 1,000 crore in the next six ... More