Business Daily from THE HINDU group of publications
Thursday, May 21, 2009
ePaper | Mobile/PDA Version | Audio | Blogs
Business Daily from THE HINDU group of publications Thursday, May 21, 2009 ePaper | Mobile/PDA Version | Audio | Blogs |
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INTERVIEW: Coimbatore textile mills battle the odds ‘Recession a wake-up call to review financial strength’. Coimbatore, May 20 The textile industry in Coimbatore, the backbone of the economy in the region, is at a crossroad. It’s been hit by a series of negative developments ... ALLIANCES & JOINT VENTURES: Claris partners Pfizer to strengthen regulated market presence To commercialise off-patent injectable drugs. Ahmedabad, May 20 Pharmaceutical major Claris Lifesciences Ltd today announced a partnership with global giant Pfizer Inc to commercialise sterile injectable drugs that are off-patent and have lost ... NEW BUSINESS: Jain Irrigation bags Rs 65-cr order Jain Irrigationhas bagged Balh Valley Medium Irrigation Project in Himachal Pradesh. The total value of the project is Rs 65 crore. The Department of Irrigation and Public Health has selected the company through global competitive bidding. ... ESOPS: Dr Reddy’s grants stock options The board of directors of Dr Reddy’s Laboratories Ltd approved the grant of 9,000 stock options, exercisable at par value of Rs 5 to the independent directors of the company under employees’ stock option scheme. It also granted ... ANNOUNCEMENTS: Unitech sells office complex for Rs 500 cr In a boost to the company’s plans to lower debt obligation, real estate firm Unitech Ltd has sold an office complex in Saket, New Delhi, to an high networth individual (HNI) for about Rs 500 crore. The company is hoping that the ... NEW PROJECTS: Surya Roshni to complete Rs 600-cr expansion by fiscal end To recruit 3,000; campaign against spurious pipes. Hyderabad, May 20 Surya Roshni is poised to complete its Rs 600-crore expansion plan by the end of this fiscal, covering both the steel pipes division and lighting, thereby helping in boosting ... OUTLOOK: Raheja may co-develop factories, housing units at Gurgaon SEZ New Delhi, May 20 Delhi-based Raheja Developers Ltd said it may soon create a Special Purpose Vehicle within its Gurgaon engineering SEZ project, and rope in an industrial house for co-development of the space for factories and affordable ... FINANCIAL PERFORMANCE: Lakshmi Machine hit by demand dip, liquidity crunch Net profit in 2008-09 down by over 50%. Coimbatore, May 20 A combination of negative developments such as fall in demand and tight monetary conditions has had an adverse impact on the performance of textile machinery manufacturing major Lakshmi ... NEW PROJECTS: RPTL achieves financial closure for 2 transmission projects Projects to come up in Maharashtra, Gujarat. Kolkata, May 20 Reliance Power Transmission Ltd, a wholly-owned subsidiary of Reliance Infrastructure Ltd (RInfra), has achieved financial closure of the two transmission projects in Maharashtra and ... FINANCIAL PERFORMANCE: Bharat Forge Q4 net down 27% on auto sector downturn Pune, May 20 The weakness in both the global and domestic automotive industry took its toll on the results of forgings major Bharat Forge Ltd (BFL) which posted a net profit of Rs 61 crore during Q4 2008-09 despite a gain of Rs 98.78 crore ... NEW BUSINESS: Texmaco bags 3,455 wagon orders from Railways Kolkata, May 20 Texmaco turned out to be the largest winner of rolling stock orders from the Indian Railways in ... MERGERS & ACQUISITIONS: Telenor hikes stake in Unitech Wireless to 49% New Delhi, May 20 Norway’s Telenor has raised its stake in Unitech Wireless to 49 per cent from 33.5 per cent, by infusing the second tranche of the funds (Rs 1,130 ... NEW PROJECTS: Everest sprucing up unit to tap southern market Bangalore, May 20 Everest Industries Ltd, a leading North-based construction component manufacturing company, expects its new business of pre-engineered factory buildings and warehouses to further strengthen its Southern market, which ... RESEARCH & DEVELOPMENT: Piramal Life starts Phase I trial on diabetes drug Mumbai, May 20 Piramal Life Sciences Ltd has commenced the first phase of human trials on a new experimental drug molecule (P2202) for diabetes-metabolic syndrome, in ... VENTURE CAPITAL: K S Oils to get Rs 450-cr funding Chennai, May 20 K S Oils, a listed integrated edible oil firm based in Morena in Madhya Pradesh, will receive Rs 450 crore of fresh private equity, global depositary receipts and promoter funding for development, expansion and acquisition ... NEW PROJECTS: Lonza to set up bio-pharma facility in Hyderabad Hyderabad, May 20 Basel-based bio-pharmaceutical major, Lonza Group, will set up its facility in the Genome Valley here with $150 million. This was announced by Mr B.P. Acharya, Chairman and Managing Director of Andhra Pradesh ... Columnists: • C Gopinath • Harish Bijoor • Ramanujam Sridhar • Radhika Chada • K Srikrishna Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
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