CORPORATE
ANNOUNCEMENTS
Watson Wyatt launches sales consulting arm
Bangalore, Dec. 5 Global human consulting firm Watson Wyatt is launching its sales effectiveness and compensation consulting services in the country. Watson Wyatt will help clients develop and implement their sales strategy, roles, structures, ...
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CORPORATE DISPUTES
Novartis drops Exelon patent suit against Sun Pharma
Mumbai, Dec. 5 Sun Pharma’s generic drugs business in the US received a shot in the arm, after Novartis dropped a patent infringement suit against it and Watson Pharmaceuticals Inc over its Alzheimers and dementia drug Exelon. ...
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NEW BUSINESS
Navayuga bags Rs 710 cr order
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AWARDS & HONOURS
HMT International bags award
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INSIGHT
Making impact disclosure mandatory
Climate change and corporates
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RESTRUCTURING
Grasim divests Shree Digvijay Cement stake for Rs 322 cr
Mumbai, Dec 5 Grasim Industries Ltd, an Aditya Birla flagship company, has divested its entire equity holding of 53.63 per cent in Shree Digvijay Cement Company Ltd (SDCC) to Cimentos De Portugal, SGPS, South Africa (Cimpor) through its ...
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MERGERS & ACQUISITIONS
M&A the main driver for value unlocking in Indian pharma
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Blue Star board okays acquisition
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Rapaport group acquisition
The US-based Rapaport Group has acquired a 50 per cent stake in the jewellery magazine The Art of Jewellery. Bangalore-based The Art of Jewellery also organises the annual South India Jewellery Show in Bangalore, ...
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NEW PROJECTS
Johnson Controls sets up unit in Chakan
Pune, Dec 5 Johnson Controls (JC) India Pvt Ltd has commissioned its first production facility in Chakan near Pune to make chillers and customized refrigeration equipment. The entire project, which envisages manufacture of larger ...
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Bio-diesel unit at Vizag
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REGULATORY BODIES & RULINGS
Matrix Lab gets US FDA nod for AIDS drug
Matrix Laboratories Ltd has received tentative approval from the US Food and Drug Administration (USFDA) under the President’s Emergency Plan for AIDS Relief (PEPFAR) for its Abbreviated New Drug Application (ANDA) for Tenofovir Disoproxil ...
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ALLIANCES & JOINT VENTURES
ONGC Videsh, Hindujas to jointly tap oil and gas opportunities in Iran
New Delhi, Dec. 5Hungry for acquiring more oil and gas assets abroad, ONGC Videsh Ltd (OVL) is set to ink an understanding with the Hinduja Group for jointly exploring the possibilities of acquiring acreages overseas. Sources told More
Apar in tech pact with Eni of Italy to produce AGIP brand of lubricants
AGIP brand of lubricants, used for luxury vehicles in Europe, would be available in India by the first quarter of 2008. On Wednesday, Apar Industries announced its technology and licence agreement with Eni of Italy for producing them ...
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Claridges Hotels inks pact with Worldhotels
New Delhi, Dec. 5 Hospitality player The Claridges Hotels and Resorts has entered into an exclusive tie-up for distribution, sales and marketing support with WORLDHOTELS, a Europe-based company, which has numerous regional and international ...
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Enam in pact for greenhouse gas project
Financial services group ENAM and Sindicatum Carbon Capital International Ltd, a turnkey developer of Greenhouse Gas abatement projects have signed a 50:50 agreement which is intended to lead the climate mitigation market in India via the ...
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EVENTS
Warm welcome
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VENTURE CAPITAL
Dish TV to get Rs 250 cr pvt equity
New Delhi, Dec 5 Dish TV, the Direct-to-Home service from the Essel Group, plans to raise Rs 250 crore from Mauritius based PE Fund, Indivision. The amount will be raised in two equal tranches; Rs 125 crore will be raised through a ...
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OUTLOOK
IndianOil Paradip-Haldia crude pipeline may go on stream in Jan
Kolkata, Dec 5 After prolonged delay, IndianOil may be just weeks away from operationlising its Paradip-Haldia crude pipeline. According to sources, the pipeline is expected to transport crude at lower cost to Haldia and Barauni refineries ...
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IMPACT
Apar Industries tie-up to boost earnings prospects
Will help it to foray into high-end lubricants
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IMPACT
Dish TV fund-raising: More in store?
Only marginal equity expansion
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PERFORMANCE
IOC nets Rs 111-cr savings through IBP merger
Rejig brings wide-scale change in marketing network, logistics
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