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NEW PROJECTS: Ziemann plant at Pune to make brewery equipment
Its fourth overseas plant after Brazil, France and China. Pune, July 23 German brewery equipment maker A Ziemann GmbH is setting up a greenfield plant at Kondhapuri near Pune to manufacture original equipment to cater to the brewery business ...

PERFORMANCE: Lupin leaps on robust numbers
Strong in both local and overseas businesses. Lupin’s June-quarter consolidated net profit doubled to Rs 112 crore boosted by a strong performance in both its local and international businesses. ...

MERGERS & ACQUISITIONS: Skeletons in M&A cupboards
The Foreign Corrupt Practices Act (FCPA) is a US federal law mostly known for clamping down on bribery of foreign officials. If one would review FCPA enforcements over the last five 5 years, India finds a name mention in over 70 enforcements; and ...

INFRASTRUCTURE: Maytas consortium emerges lowest bidder for Hyderabad Metro project
Special purpose vehicle formed by State Government. Hyderabad, July 23 Maytas Infra Ltd-led consortium has emerged the lowest bidder for the Rs 11,814-crore Hyderabad Metro Rail Project that seeks to construct a 71-km-long elevated railway in ...

PERFORMANCE: Travancore Chemicals performs well on better caustic soda price
Challenges from salt stock shortages remain. Kochi, July 23 State-owned Travancore Cochin Chemicals (TCC) Ltd at nearby Eloor, despite substantial increase in raw material costs, claims to have shown a better financial performance during the ...

MERGERS & ACQUISITIONS: Strides suffers Rs 56-cr net loss
Bangalore, July 23 Strides Arcolab suffered second-quarter loss of nearly Rs 56 crore year-on-year on a standalone basis largely due to currency fluctuations and the MTM (mark to market) impact. In the second quarter of FY07 it had posted a ...

ALLIANCES & JOINT VENTURES: Strides-Aspen in supply pact with GlaxoSmithKline
Bangalore, July 23 Strides Arcolab Ltd’s joint venture with South Africa’s Aspen Pharmacare has struck a global licensing and supply agreement with ...

ANNOUNCEMENTS: Ranbaxy launches hypertension drug in Japan
Mumbai, July 23 Ranbaxy Laboratories Ltd has launched in the Japanese market its generic version of hypertension drug Amlodipine tablets in different strengths. ...

NEW PROJECTS: Dalmia Cement to expand footprint through subsidiary
Chennai, July 23 Dalmia Cement (Bharat) Ltd has floated a subsidiary which will invest over Rs 4,000 crore in the next three years to expand cement ...

ACCOUNTING STANDARDS: ‘Changes in Cos Act needed for IFRS adoption’
New Delhi, July 23 With only 600 days to go before listed and other public interest entities start preparing their first financial information under International Financial Reporting Standards (IFRS), accounting and other advisory firms, ...

CORPORATE DISPUTES: Family settlements
Sibling rivalries are common in family-controlled companies. The family settlement between the feuding Ambani brothers, Mukesh and Anil, hammered out in 2005 far from fully addressing their grievances alas became a source of fresh conflict ...

AWARDS & HONOURS: Cochin Shipyard to get Mini Ratna status
The profit before tax for the year was Rs 149 crore, which is higher by 74 per cent from ...

ANNOUNCEMENTS: Hyundai begins exports to Sudan
Hyundai Motor India Ltd would be exporting cars as disassembled knocked down units to Sudan due to the tax incentives offered by its Government. The company has received an order for more than 2,000 units, of which the first shipment comprised 96 ...

NEW BUSINESS: J. Kumar Infra gets order
J. Kumar Infraprojects Ltd has secured an order for Rs 20 crore from Mumbai Metropolitan Region Development Authority for construction of sky-walk. It has also secured order for Rs 33 crore from the Planning Cell, Engineering Services & ...

ANNOUNCEMENTS: Sadbhav to consider stock split
Sadbhav Engineering Ltd’s board of directors will meet on July 29 to consider the sub division of equity shares of company. —Our ...





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Commodities & currency (July 23)
Gold (per gram) Rs1,192
Silver (per gram) Rs26.55
Brent crude (per bbl) Rs5,484
US Dollar (Buy/Sell)42.09/10

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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
Remembering Ramachander

Ranbaxy-Daiichi deal

People's car

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Looking back
Jul. 13-Jul. 19
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