Business Daily from THE HINDU group of publications
Tuesday, May 27, 2008
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RESEARCH & DEVELOPMENT
GVK Bio, Wyeth sign drug discovery pact
Hyderabad, May 26 GVK Bio has entered into a research agreement with Wyeth Pharmaceuticals, a division of Wyeth, to undertake drug discovery research and generate intellectual property (IP).Based on the research output, the company ... More

NEW BUSINESS
BHEL bags Rs 1,150-cr HPCL-Mittal contract
New Delhi, May 26 State-run Bharat Heavy Electricals Ltd (BHEL) on Monday announced it has bagged a Rs 1,150 crore turnkey contract for setting up an energy-efficient 153-MW captive power plant at Bhatinda in Punjab. The Rs 1,150 -crore order ... More

Hind Dorr Oliver bags Vedanta order
More

CORPORATE BONDS
‘Contractual savings need better tax treatment’
To boost development of corporate debt market, says RBI Governor More

Himalya Intl allots convertible warrants
Promoters, strategic investors get Rs 23.25/share More

RESTRUCTURING
Tata Motors re-jigging manufacturing facilities
To make them vehicle-specific hubs More

MERGERS & ACQUISITIONS
Volvo buys 8.1% in Eicher Motors
More

UTV’s digital arm to invest Rs 120 cr in Internet media space
Acquires 76% stake in IT Nation More

NEW PROJECTS
Avtar Career moves into Coimbatore
More

Repro unit in Surat SEZ
More

REGULATORY BODIES & RULINGS
US nod for Zydus Cadila drug
Ahmedabad, May 26 The Ahmedabad-based pharmaceutical major Cadila Healthcare Ltd (Zydus Cadila) has received an approval from the United States Food and Drug and Administration (USFDA) to market Benazepril tablets in that country. The ... More

TRADE & LABOUR UNIONS
Celebrity Fashions suspends Chennai operations
Chennai, May 26 Celebrity Fashions Ltd, Chennai-based garment exporter, has suspended the operations at its MEPZ-SEZ facility in Chennai, blaming workers’ “non co-operation”. The company had acquired this unit in April ... More

ALLIANCES & JOINT VENTURES
Ashok Leyland, Nissan formalise joint ventures
Producing LCVs, powertrain manufacturing, tech development More

Kiri Dyes venture with HK co
More

RIGHTS ISSUE
Federal-Mogul mulls rights issue
Coimbatore, May 26 Federal-Mogul Goetze (India) Ltd has called for a meeting of the board of directors on June 3 to consider a rights issue. — Our ... More

OUTLOOK
Amara Raja gears up for battery-driven car markets
Chennai, May 26 Amara Raja Batteries Ltd is gearing up for an era of battery-powered cars in India. The company is talking to “a few Indian passenger car manufacturers” to develop batteries for them, the company’s Managing ... More

Saint-Gobain sees rising cost pressure
Chennai, May 26 Saint-Gobain Glass India, which is the sole supplier of automotive glass for the to-be-launched Tata Nano, is studying the impact of the huge increase in raw material costs and how to handle the cost pressure.“I ... More






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Radar: Resources elsewhere
Food: Who pays the price (Video)

ADB World Outlook 2008

ADB's Outlook on India

Union Budget 2008-09

Railway Budget 2008-2009

Economic Survey 2007-2008

In Focus
People's car

P-Note blues

Other Top Stories
Amara Raja gears up for battery-driven car markets

‘Contractual savings need better tax treatment’

Global tea prices increase in Q1

Inflation control — Policies that do not yield results

A gala BJP debut in South

Deposit for new cooking gas connection raised by Rs 400

Looking back
May. 18-May. 24
JK Paper to focus on packaging board

REC to fund debt portion of NTPC’s Chennai project

Sale of German subsidiary boosts Bharat Forge net

Mercator Lines plans to acquire more oil rigs

Process completed for exit of 24,884 defunct companies

Areva T&D to invest Rs 700 cr in 3 greenfield units

Bosch to focus more on non-auto sector

GMR Infrastructure entering corporate jet business

SEC Industries signs pact with Israel Aerospace Industries



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