The Hindu Business Line : Wednesday, July 23, 2008

CORPORATE

COURTS/LEGAL ISSUES: Price fixing: Ranbaxy UK arm cleared
New Delhi, July 22 The English Crown Court has quashed the six-year long and expensive prosecution against Ranbaxy’s UK subsidiary by the UK Serious Fraud Office ...

OUTLOOK: Maruti: Pressure on margins may remain
Nano launch could add to competition. The 20 per cent growth in net sales in the June quarter for Maruti Suzuki has been backed by a volume growth of about 12 per cent during the period, suggesting that the company has been able to push sales ...

MERGERS & ACQUISITIONS: Bilcare, MeadWestvaco acquire US pharma firm
To help in packaging and streamlining supply chain. Pune, July 22 Bilcare Ltd and US-based MeadWestvaco Corp (MWV) have jointly acquired pharmaceutical packaging company International Labs of St. Petersburg, Florida. The acquisition will ...

OUTLOOK: Chinese biz: Bharat Forge takes a cautious approach
Discussions with manufacturers initiated. Chennai, July 22 Bharat Forge Ltd has said that it will continue to address business opportunities in China but will be cautious in committing capacities to the Chinese market. ...

CORPORATE DISPUTES: RIL gas case adjourned
The division bench of the Bombay High Court on Tuesday adjourned the case between Mr Mukesh Ambani promoted Reliance Industries Ltd and Mr Anil Ambani led Reliance Natural Resources Ltd till Wednesday over the sharing of natural gas from the ...

NEW BUSINESS: Precision Automation bags Chrysler order
Pune, July 22 The Marysville Axle Plant, Chrysler’s new plant in North America, would be utilising the services of the Pune-based Precision Automotation and Robotics India Ltd (PARI) for the assembly of axles for their various vehicles. ...

OUTLOOK: Calcutta Compressions to sell part of converted gas in local market
Kolkata. July 22 After having entered into a firm agreement to buy coal bed methane (CBM) from ONGC’s Jharia field, Calcutta Compressions and Liquefaction Engineering Pvt Ltd (CC&L), which is to convert CBM into compressed natural ...

ANNOUNCEMENTS: ‘Dr Reddy’s Lab not open for sale’
Hyderabad, July 22 Pharma major Dr Reddy’s Laboratories Ltd is not open for sale, according to Dr K. Anji Reddy, its ...

ANNOUNCEMENTS: Reliance Petro Jamnagar refinery ahead of schedule
Mumbai, July 22 For the June quarter Reliance Petroleum Ltd has overshot its budget by Rs 1,390 crore for setting up the greenfield refinery at Jamnagar. ...

NEW PROJECTS: Tata Power to develop hydel project in Bhutan
Mumbai, July 22 Tata Power Company Ltd has announced its partnership with the Government of Bhutan to develop the 114 MW run-of-the-river hydroelectric power project over River Dagachhu in Bhutan. ...

MERGERS & ACQUISITIONS: Salzer Electronics merger meet
Salzer Electronics Ltd has said that the meeting of the sub-committee of the board of directors on merger is scheduled to be held on July 29 to discuss and transact the proposal of merger of Salzer Cables Ltd with Salzer Electronics. ...

FOODS & FOOD PROCESSING: Kohinoor Foods plans own unit
Kohinoor Foods Ltd is planning to put up its own spices manufacturing unit, synergetic to its operational Indian food domain and intends to augment its current manufacturing facility by bringing in chilled foods processing capabilities. ...

NEW BUSINESS: Era Infra bags contract
Era Infra Engineering Ltd has bagged a contract for construction of buildings and associated works at Manesar by National Automotive Testing and R&D Infrastructure Project (NATRIP) valued at Rs.30.98 crore. — ...