The Hindu Business Line : Tuesday, October 21, 2008

CORPORATE

MERGERS & ACQUISITIONS: Ranbaxy promoters sell stake off-market to Daiichi Sankyo
Singh family has to pay transaction tax of Rs 1,000 cr. New Delhi, Oct. 20 Putting to rest all speculation on the status of its deal with Daiichi Sankyo, Ranbaxy Laboratories Ltd on Monday announced that the Japanese pharma company has acquired ...

OUTLOOK: Meltdown not to slow Indian Hotels’ expansion
Bangalore, Chennai hotels to come in current quarter. Mumbai, Oct. 20 Indian Hotels Co Ltd, a Tata Group firm that runs the chain of Taj Hotels, does expect a slowdown in room occupancy levels in the ensuing quarters in the wake of the global ...

CORPORATE DISPUTES: Termination of serial by Star weakens Balaji Telefilms
Producer to go to court against order. New Delhi/Chennai, Oct. 20 The stock of Balaji Telefilms tumbled 11.42 per cent to Rs 96.20 on the BSE on Monday after Hindi entertainment channel Star issued a notice for the termination of a long running ...

ALLIANCES & JOINT VENTURES: Future Group partners Axiom Telecom for mobile retail
Plans to operate in over 500 stores, set up service centres. New Delhi, Oct. 20 Future Group has joined hands with Axiom Telecom, a mobile retail company from West Asia, to form a joint venture company called Future Axiom ...

IPOS: Market meltdown forces GSPC to put off IPO plans
Kolkata, Oct. 20 Gujarat State Petroleum Corporation (GSPC) plans to raise equity finances for development of Deendayal gas field (KG-OSN-2001/3) in India’s KG Basin have come a cropper once ...

RIGHTS ISSUE: Tata Motors rights issue closes; shares end flat
Mumbai, Oct. 20 The closing day of Tata Motors’ Rs 4,200-crore rights issue saw the company’s share price touching the 52-week low of Rs 232.65 before settling at Rs ...

PERFORMANCE: RINL posts 26% growth in turnover
Visakhapatnam, Oct. 20 The Rashtriya Ispat Nigam Limited (RINL) has registered a record turnover of Rs 5,282 crore during the first half of the year, a growth of 26 per cent over last year’s figure, according to a press release ...

NEW PROJECTS: L&T to retain medical equipment business
Mumbai, Oct. 20 Engineering and construction major Larsen & Toubro Ltd has decided to continue with the operations of its Mysore-based Medical Equipment & Systems (MED) ...

NEW PROJECTS: Max Hypermarket plans expansion
Hyderabad, Oct. 20 Max Hypermarket India Pvt Ltd, a subsidiary of the Dubai-based Landmark Group and promoter of the Spar food retail chain, is looking at investing Rs 100 crore in developing supermarkets and hypermarkets in three ...

NEW PROJECTS: Iffco plans expansion in Kalol
Indian Farmers Fertiliser Cooperative Ltd (Iffco) on Monday announced plans to set up a 1.3 million-tonnes a year single stream urea plant along with a 2,200 tonnes a day ammonia plant at Kalol. The cooperative already has an existing urea ...

REGULATORY BODIES & RULINGS: Cadila gets USFDA nod for Risperidone
Pharmaceuticals major Cadila Healthcare Ltd (Zydus Cadila) has received an approval from the US Federal Drug Administration to market Risperidone tablets in that country. Risperidone falls in the CNS segment and the estimated sales in 2007 was ...