The Hindu Business Line : Corporate

Suzlon Wind Energy Corporation, a subsidiary of Suzlon Energy Ltd, signs a contract for 400 MW of wind turbine capacity with PPM Energy of Portland, USA.

Tata Sons Ltd consolidates stake in the company through the conversion of 28.10 lakh warrants into the same number of shares.

May 3: Wockhardt Ltd acquires the Paris-based Negma Laboratories in an all-cash deal worth $265 million or Rs 1,091 crore.

May 5: Cipla Ltd receives a notice from the Centre demanding Rs 193.65 crore inclusive of interest for overcharging on five medicines for the period Aug. 2003 to Mar. 2006.

May 7: Maruti Udyog Ltd unveils its SX4 sedan at an introductory price of Rs 6.18 lakh.

May 8: Tata Tea forms venture with Chinese firm Zhejiang Tea

Holcim picks up 3% more in ACC

May 9: IFC picks up 11.48% stake in Granules India for $6 m

Deccan Chronicle group floats global cargo airline company Flyington Freighters Ltd.

May 10: Cairn India announces 2 new finds in Rajasthan

May 11: The Delhi High Court refuses to grant Nimbus’ request to restrain TataSky and Dish TV from broadcasting live the ongoing India- Bangladesh cricket series.

May 14: A US court upholds an Eisai patent on Dr Reddy’s ulcer drug Aciphex, thus blocking generics from challengers such as Dr Reddy’s and Israel’s Teva Pharmaceutical Industries.

The Ritz-Carlton Hotel Company LLC announces its first hotel in India on Monday — a 250-room, five-star property in Bangalore that is expected to be completed by early 2010.

May 15: Jupiter Bio makes pref offer to Ranbaxy

May 16: UB Group acquires Whyte & Mackay for £ 595 m

May 17: Bajaj forms 2 separate companies for auto, financial services

May 18: Dr Reddy’s Laboratories Ltd emerges as the country’s top pharma company, overtaking Ranbaxy Laboratories, with its turnover crossing a landmark $1.5-billion for the financial year 2006-07.

RBI allows Navratna oil PSUs allowed to invest abroad

May 21: Sun Pharma buys Israel co Taro Pharma for $454 m

Ranbaxy Laboratories receives approval to make and market its branded version of the cholesterol-lowering Pravastatin in Canada.

May 22: Television 18 Group, Viacom ink deal for entertainment company to be called Viacom 18

May 24: Bharat Earth Movers Ltd, Midwest Granite Pvt Ltd and Sumber Mitra Jaya of Indonesia have form a joint venture company.

May 25: Tata Tea agrees to sell its 30 per cent equity stake in the US-based Energy Brands Inc — which owns the Glaceau brands of beverages — to Coca-Cola for $1.2 billion, pocketing a neat profit of about $523 million (about Rs 2,106 crore) in less than a year of its acquisition.

Suzlon Energy Ltd wins the € 1.35-billion (about Rs 7,314 crore) bid to acquire German wind power company REpower, with a cash outflow of € 250 million.

May 26: The week-long standoff between the management of Escorts Heart Institute and Research Centre (EHIRC) and its founder, Dr Naresh Trehan, resolved.

May 28: Hero Honda Motors Ltd launches ‘Splendor NXG,’ a model in the deluxe segment.

Ranbaxy Laboratories Inc, the wholly owned US subsidiary of the Indian pharma major, acquires the rights to 13 dermatology products from Bristol-Myers Squibb (BMS) for a value of $26 million or Rs 105 crore.

Jain Irrigation Systems says it has agreed to buy 50.001 per cent stake in an Israel-based company NaanDan Irrigation Systems for $21.5 million (Rs 87 crore).

May 29: Strides Arcolab Ltd buying Disapa S.p.A’s USFDA-approved fermentation facility near Milan.

DS Constructions Ltd, in a 50:50 per cent partnership with Israel Corporation, wins the rights to acquire a unit of Globeleq International for $568 million.

Tata Steel signs a binding MoU of 10-year timeframe with Vietnam Steel Corporation to form a 65:35 joint venture to set up a 4.5 million tonne per annum greenfield steel complex in Vietnam.

May 30: Reliance Industries Ltd inks the final agreement to transport, supply and market gas with Gail (India) Ltd.

Dr Naresh Trehan joins Apollo Hospitals.

May 31: Mr Vijay Mallya buys a strategic 26 per cent stake in Deccan Aviation that runs the low-cost airline Air Deccan.

Events 2007 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

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