CORPORATE
ANNOUNCEMENTS
‘ONGC to shut down 2 facilities off Mumbai’
New Delhi, Dec. 6 ONGC plans to shutdown two key facilities at its gas field off the Mumbai shore. Sources said, “There is a proposal to shut down two production facilities at the Bassein field early next year (January-February ...
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GE Health launches new ultrasound systems
Hyderabad, Dec. 6 GE Healthcare, the $17-billion healthcare and life sciences solutions arm of General Electric, has launched two breakthroughs for its Vivid e and Vivid 7 Dimension cardiovascular ultrasound systems here. ...
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Ranbaxy gets marketing nod for paediatric anti-retrovirals
New Delhi, Dec 6 Ranbaxy says it has received approval to market two anti-HIV combination paediatric drugs. Coviro-LS kid and Coviro-LS kid DS, both double Anti-Retroviral (ARV) and fixed dose combinations, dispersible tablets for children, ...
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ACCOUNTING STANDARDS
‘Green accounting standards vital for development projects’
Kochi, Dec. 6 Appraisal of development projects and ‘green’ accounting standards are important as appraisal from the environmental angle has assumed a major significance.Speaking on Management Accounting — Driving ...
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PRIVATE PLACEMENT
Electrosteel Castings set to raise $25 m
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MERGERS & ACQUISITIONS
Sintex to acquire 3 cos by next year
Plans investments worth Rs 600 crore in 2008
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Taro to vote on Sun Pharma merger soon
Mumbai, Dec. 6 After being postponed twice over, Taro Pharmaceutical has said that it expects to hold its shareholder meeting to vote on the proposed merger with Sun Pharmaceuticals during the first three months of 2008. This takes Sun ...
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House of Pearl buys 50% in UK co
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DP Jindal buying Romanian co
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NEW PROJECTS
Neel Metal files draft prospectus
Mumbai, Dec 6 Neel Metal Products Ltd, manufacturer of steel blanks and such other products for the automotive industry, has filed its draft red herring prospectus to enter the capital markets. The JBM group company is expected to raise Rs 107 ...
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ALLIANCES & JOINT VENTURES
Kuwait Petro in talks with RIL, IOC for refinery, petrochem projects here
Kuwait Petroleum Corp (KPC) is in talks with Indian private and public sector undertakings to build large-scale refinery and petrochemicals projects in the country. The company is in talks with Reliance Industries Ltd (RIL) and others, ...
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GM, IIT-Kharagpur to do jt research
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Jubilant arm teams up with Forest Lab
New Delhi, Dec. 6 Jubilant Biosys will be developing a small molecule drug candidate to treat a novel metabolic disorders target for the US-based Forest Laboratories Holdings. The subsidiary of Jubilant Organosys Ltd will receive ...
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DIVERSIFICATION
IMPACT
Autoline Ind to benefit on diversification, new clients
Acquisition of US co Dura Automotive
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OUTLOOK
Skoda Power scouts for nuclear biz in India
Hyderabad, Dec. 6 Czech major Skoda Power is keen to pitch for a pie of the nuclear power business in India, as and when opportunities for private sector are opened up. In preparation for this, Skoda Power has joined hands with ...
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ONGC relinquishes water block in Mahanadi basin
Rig shortage delays drilling in prospective acreages
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Robert Bosch to invest Rs 850 cr more in India
All subsidiaries including MICO to be renamed Bosch Ltd
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Bhuwalka Steel to relocate Hoskote plant
To develop the property into commercial complex
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IMPACT
Pact: Sun Pharma to save on legal costs
Possible upside from Exelon drug launch
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