CORPORATE
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 ...
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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 ...
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Hind Dorr Oliver bags Vedanta order
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CORPORATE BONDS
‘Contractual savings need better tax treatment’
To boost development of corporate debt market, says RBI Governor
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Himalya Intl allots convertible warrants
Promoters, strategic investors get Rs 23.25/share
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RESTRUCTURING
Tata Motors re-jigging manufacturing facilities
To make them vehicle-specific hubs
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MERGERS & ACQUISITIONS
Volvo buys 8.1% in Eicher Motors
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UTV’s digital arm to invest Rs 120 cr in Internet media space
Acquires 76% stake in IT Nation
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NEW PROJECTS
Avtar Career moves into Coimbatore
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Repro unit in Surat SEZ
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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 ...
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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 ...
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ALLIANCES & JOINT VENTURES
Ashok Leyland, Nissan formalise joint ventures
Producing LCVs, powertrain manufacturing, tech development
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Kiri Dyes venture with HK co
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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 ...
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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 ...
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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 ...
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