The Hindu Business Line : Friday, September 26, 2008

CORPORATE

STANDARDS & BENCHMARKS: New Zealand to quarantine Ranbaxy drugs
New Delhi, Sept. 25 Ranbaxy Laboratories Ltd’s woes continued with New Zealand’s health ministry saying that three drugs imported into that country will be voluntarily quarantined by the suppliers till further tests are done. ...

INSIGHT: Ranbaxy’s Achilles heel
When charting the growth of home-spun drug-maker Ranbaxy Laboratories, its performance in the United States market has most often stood out like a prized pin on a decorated soldier. And helping script this growth in the world’s ...

ALLIANCES & JOINT VENTURES: ONGC plans operations pact with foreign partners
Seeks access to technological and logistic backup for three blocks. Kolkata, Sept. 25 ONGC may enter into a joint operations agreement with its foreign strategic partners at three deepwater blocks — Krishna-Godavari, Mahanadi and Cauvery ...

OVERSEAS INVESTMENTS: IFFCO may pull out from Egypt joint venture
Finds constantly changing regulatory norms in that country irksome. Upset with the Egyptian Government changing rules frequently and that too with retrospective effect, Indian Farmers’ Fertiliser Cooperative Ltd (IFFCO), the largest ...

OUTLOOK: Honda Motor proposes to roll out a car smaller than Jazz
New Delhi, Sept. 25 Honda Motor Company on Thursday said that with oil prices rising there was a need to produce cars smaller than ...

MERGERS & ACQUISITIONS: Autoline acquires Italian design cos
Mumbai, Sept. 25 Pune-based Autoline, metal sheet component makers for automobile manufacturers, is in the process of acquiring a majority stake in Italian automotive design companies SZ Design and Zagato ...

NEW PROJECTS: Rashtriya Chemicals puts capex plan at Rs 600 cr
Mumbai, Sept. 25 Fertiliser major, Rashtriya Chemicals and Fertilizers Ltd (RCF) has a capex plan of Rs 600 crore for the financial year 2008-09. It would be used for debottlenecking the fertiliser capacity, Mr U.S. Jha, Chairman and ...

RESEARCH & DEVELOPMENT: Suven Life gets DCGI nod
Suven Life Sciences Ltd has received permission from the Drug Controller-General of India (DCGI) to conduct phase I clinical trials for its compound for the treatment of Alzheimer’s disease. The Hyderabad-based company is also in ...

ANNOUNCEMENTS: Volvo adds Hyderabad to network
Volvo Car India on Thursday announced its entry into the southern region with opening of its dealership in Hyderabad in partnership with Talwar Cars. This dealership will open the doors for the consumers in South India in the last quarter of ...

NEW BUSINESS: MAN Ind secures Rs 1,100-cr orders
MAN Industries (India) Ltd said it has secured orders worth Rs 1,100 crore in the current quarter. The company has received domestic orders from GAIL Ltd for over Rs 325 crore, besides orders from West Asian countries. MAN Industries ...

OUTLOOK: Maruti looking to introduce CNG variants
Mumbai, Sept. 25 Maruti Suzuki is mulling CNG variants for its offerings in the compact car ...

OUTLOOK: Maruti A-Star to be launched in Nov
Bangalore, Sept. 25 The latest passenger car from Maruti Suzuki, the onelitre A-Star model is expected to cost about Rs 4 lakh (ex-showroom) and will be launched ...

NEW PRODUCTS & SERVICES: Singur: Bengal Cabinet seeks opposition help on rehab plan
Requests Tatas not to withdraw Nano project. Kolkata, Sept. 25 The West Bengal Cabinet has appealed to the Opposition in the State to agree and help in the implementation of the rehabilitation plan proposed by the State government for farmers ...

OPEN OFFERS: SAT declines to stop Emami’s open offer
Preliminary hearing on Nov 18. Mumbai, Sept. 25 Emami’s open offer for Zandu Pharmaceuticals’ shares will open as scheduled on Friday, after the Securities Appellate Tribunal (SAT) decided not to pass any order restraining the ...

MERGERS & ACQUISITIONS: Saksoft scouts for US-based testing co
Chennai, Sept. 25 Saksoft Ltd, the Chennai-based software company, plans to acquire a US-based software testing company to expand its presence in the US. It has appointed Avendus, a Mumbai-based investment bank, to look out for a target ...

MERGERS & ACQUISITIONS: Global Green acquires Hungarian co
Bangalore, Sept. 25 Global Green Company Ltd, the foods division of the $3-billion Avantha Group, on Wednesday announced the acquisition of Hungarian company Puszta Konzerv Kft for an undisclosed amount. Based in Balmazujvaros, near Debrecen ...

ANNOUNCEMENTS: Dr Reddy’s enters inhaler segment
Hyderabad, Sept. 25 Pharma major Dr Reddy’s Laboratories Ltd has forayed into the inhaler segment by launching Combihale, a steroid and a long-acting broncho-dilator used in the treatment of ...

NEW BUSINESS: Danish co bags Rs 203-cr order from Prism Cement
Mumbai, Sept. 25 Prism Cement Ltd, part of Rajan Raheja Group, has placed order worth DKK 225 million (Rs 203.5 crore) with Danish cement and minerals technology supplier FLSmidth & Co for supply of machinery and equipment for a new ...

AWARDS & HONOURS: VSP may get navaratna status
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NEW BUSINESS: Shriram EPC order win proves it’s in big league
Shriram EPC has won two orders worth Rs 315 crore from SAIL for its Rourkela plant. The first order, which involves the complete designing to erection and commissioning of coal chemical plant, would be executed in consortium with ...

OVERSEAS BORROWINGS: Move to relax ECB cap ‘positive’
The increase in upper limit in external commercial borrowing will help infrastructure companies to source long term funds from global financial investors, said Mr Y.D. Murthy, Vice-President (Finance) of Nagarjuna Construction Company (NCC). ...