Business Daily from THE HINDU group of publications
Friday, May 22, 2009
ePaper | Mobile/PDA Version | Audio | Blogs
Business Daily from THE HINDU group of publications Friday, May 22, 2009 ePaper | Mobile/PDA Version | Audio | Blogs |
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RESEARCH & DEVELOPMENT: Dr Reddy’s revamps drug discovery research To shut down research facility in Atlanta. Aurigene, an arm of the Hyderabad-based Dr Reddy’s Laboratories Ltd, will be the nodal organisation for the company’s drug discovery research. This is part of the restructuring of its drug ... PERFORMANCE: Wage bill burns up Coal India profits Price hike vital to maintain margins, says Chairman. Kolkata, May 21 A Rs 7,856-crore impact on account of wage revision and the related incremental actuarial liability have led Coal India to end 2008-09 with a marginal Rs 96 crore net profit on ... OUTLOOK: Bajaj draws up China strategy for bikes Mumbai, May 21 Bajaj Auto is working towards a long-term plan for China, which will see the country emerge as a key manufacturing hub for ... NEW PROJECTS: Taj group opens another premium hotel in Goa Taj Hotels Resorts and Palaces inaugurated their new premium hotel, ‘Vivanta by Taj-Panaji, Goa’, slotted in the “upper upscale” segment in the city on ... OUTLOOK: Varun Shipping net up 51% on forex gains Mumbai, May 21 Varun Shipping Company reported a 51 per cent rise in net profit at Rs 122.8 crore for the year ended March 31, 2009, against Rs 81.5 crore in the ... PEOPLE: Top-level changes at ICI Paints major ICI India Ltd will see a change of guard shortly. Mr Rajiv Jain will step down as Managing Director from June 1. Mr Amit Jain will ... MERGERS & ACQUISITIONS: DoT puts 3G, TCIL stake sale on Cabinet panel’s agenda New Delhi, May 21 The Department of Telecom has listed five issues on the agenda for the new Cabinet Committee on Economic Affairs including finalising the reserve price for 3G auction and sale of stake by Telecommunications Consultant of ... OVERSEAS INVESTMENTS: Exim Bank loans for overseas expansion decline last fiscal Mumbai, May 21 Export-Import Bank of India’s overseas investment programme declined by 42 per cent in 2008-09, as Indian corporates slowed down their foreign expansion and ... MERGERS & ACQUISITIONS: Steer acquires Chinese pipeline firm Bangalore, May 21 Steer, a leading player in polymer processing machinery, has acquired Zheng Feng of China, a single screw pipeline manufacturer, to strengthen its position as a leading extruder designer and ... VENTURE CAPITAL: Alexandria to invest in Genome Valley Alexandria, the world’s largest lab space provider, will invest around $200 million in Genome Valley, Hyderabad in a phased manner. This US-based life science infrastructure company will create a ‘plug and play’ lab space ... OUTLOOK: Indoco to supply diabetes tablets to Germany Mumbai, May 21 Drug maker Indoco Remedies is set to supply 500 million anti-diabetics Metformin tablets a year to Germany for the next two years towards the AOK ... COURTS/LEGAL ISSUES: We do not foresee much implication of Toshiba suit: Moser Baer New Delhi, May 21 The Moser Baer India Chairman, Mr Deepak Puri, said Thursday that he does not foresee much implication of the Toshiba lawsuit and that as per his preliminary reading, the infringement allegations pertain to optical media ... TRADE & LABOUR UNIONS: MRF blames intra-union rivalry for lockout Chennai, May 21 MRF has blamed intra-union rivalry for the lockout at its Arakkonam factory where workers have been agitating against a long-term ... ALLIANCES & JOINT VENTURES: Pfizer acquires rights to 60 products of Aurobindo Aurobindo Pharma Ltd has expanded its existing licensing and supply agreements with Pfizer Inc by entering into new pacts for several solid dosage and sterile products for ... ANNOUNCEMENTS: Ranbaxy buys Ochoa Labs’ skin care range New Delhi, May 21 Ranbaxy Laboratories Ltd announced that it has acquired trademarks, product dossiers and marketing rights from Ochoa Laboratories Ltd (Ochoa) for its entire range of dermatological and lifestyle ... OVERSEAS BORROWINGS: Apollo Hospitals gets notice on GDR end use Chennai, May 21 Apollo Hospitals Enterprise has received a show cause notice from the Directorate of Enforcement asking it to explain the end uses of Global Depositary Receipts (GDR) issue made in ... NEW BUSINESS: Akriti City bags Gujarat deal Pune, May 21 Real estate developer Akriti City has been awarded a contract by the Gujarat State Road Transport Corporation to revamp four bus terminals in two cities in Gujarat. The project, which is being undertaken as a pilot, involves ... NEW PROJECTS: Hyundai’s LPG variant for Accent New Delhi, May 21 Hyundai Motor India Ltd on Thursday launched LPG variant of its sedan ... PERFORMANCE: Success of launches crucial for Bajaj Auto’s growth Notwithstanding a 20 per cent drop in sales volume compared with year-ago numbers and a 10 per cent decline in standalone net sales in the last quarter of FY-09, Bajaj Auto has managed to end the March quarter with an 8 per cent increase in ... 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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