CORPORATE
MODERNISATION
KSDP being modernised
The State-owned Kerala Drugs and Pharmaceuticals Ltd (KSDP) is set to undergo a modernisation plan costing Rs 20 crore.The modernisation programme features a GMP-compliant building, tablet and capsules sections, vaccine units and allied ...
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RESEARCH & DEVELOPMENT
Suven Life’s drug in Phase I trials
Hyderabad, June 18 Suven Life Sciences Ltd commenced Phase I clinical trials of its drug candidate for treatment of Alzheimer’s disease and other memory disorders at Basle, Switzerland.The drug (SUVN – 502) is the lead ...
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BUYBACK
Buybacks on the rise at domestic, global markets
Cos resort to the option as market valuations are low
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CORPORATE DISPUTES
Settling patent disputes a way out of legal costs
Allows innovator to keep generic cos at bay till patent expiry
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RCom may proceed legally against RIL officials
Reliance Communications (RCom) may initiate criminal proceedings against Reliance Industries (RIL) officials involved in the signing of January 12, 2006 agreement, if RIL continues to assert its ‘right of first refusal’ (to buy a ...
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NEW BUSINESS
L&T-Mitsubishi venture gets its first customer
Pips BHEL to win order worth Rs 1,557 cr
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ICSA bags wind power project
ICSA (India) today announced it has been awarded a 20 MW wind power project in Anantapur district of Andhra Pradesh by Non-Conventional Energy Development Corporation of Andhra Pradesh Ltd (NEDCAP). The Chairman of ICSA (India), Mr Bala Reddy, in ...
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ESOPS
Dr Reddy's allots ESOPs
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COURTS/LEGAL ISSUES
Ranbaxy settles worldwide patent litigations with Pfizer
Gets 6 months exclusive rights to market Lipitor generic version in US in 2011
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MERGERS & ACQUISITIONS
Exide buys controlling stake in Leadage Alloys
‘Own smelting units enable greater control over battery recycling’
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Sujana Towers buys African company
Mumbai, June 18 Sujana Towers Ltd, part of the Sujana Group, has acquired of 51 per cent shareholding in an African telecom infrastructure company, Telesuprecon.Mr S. Hanumantha Rao, Director, Sujana Group, said while the share capital ...
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Ranbaxy promoters’ timely exit
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NEW PROJECTS
CV project: Sunil Munjal meets TN CM
Chennai, June 18 Mr Sunil Kant Munjal, Managing Director, Hero Corporate Services Ltd, today met the Chief Minister of Tamil Nadu, Mr M. Karunanidhi, in connection with the setting up of a commercial vehicles plant in the State. The ...
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Royal Enfield to expand two-wheeler capacity
Launches new model Thunderbird Twinspark
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OVERSEAS INVESTMENTS
Japanese co plans two projects in AP
Hyderabad, June 18 Japan-based ITOCHU Corporation, having subsidiaries and associates in the fields of textiles, machinery, aerospace, metals and minerals etc., has evinced interest to set up two projects in Andhra Pradesh. According to ...
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ALLIANCES & JOINT VENTURES
Hotel Leela in marketing pact
Hotel Leelaventure Ltd, which owns The Leela Palaces, Hotels and Resorts, has entered into a sales and marketing agreement with the Chicago-based Preferred Hotel Group. “The US is the largest source market for The Leela and this alliance ...
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DIVERSIFICATION
Sintex acquires Digvijay Comm
Ahmedabad, June 18 Sintex Industries Ltd, a major player in the plastic and textile segments, on Wednesday announced the acquisition of Digvijay Communications and Networks Pvt Ltd (DCNPL) through its 74-per cent subsidiary Zeppelin Mobile ...
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OUTLOOK
‘Reliance Big, Spielberg’s DreamWorks in talks’
Joint venture deal may be on cards
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Huge spike in earnings seen for Ranbaxy in 2011-12
Stock may move up to factor in unexpected gains
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