Monday, October 13, 2008

Bharat Heavy Electricals (BHEL) has announced that it will carry out 38 projects adding up 13,828 Mega Watt in the 11th plan period in the eastern region

Malaysian Biotechnology Corp (BioTech) has informed that Malladi Drugs and Pharmaceutical Ltd envisages to pump US$ 300 million over the coming three to five fiscals to build its worldwide "one-stop shop" in Malaysia.

Country Club (CCIL), operator of a chain of family clubs, has announced that the company is exploring the options to build a miniature version of the chain across leading Indian cities for an investment of Rs 10 billion.

ONGC-Mittal Energy (OMEL), a joint venture (JV) between Country’s major oil company, ONGC and L N Mittal group is proposing to build its first refinery in Nigeria with an outlay of around US$ 4 billion.
Wockhardt Ltd has inked an in-licensing pact with UK based Sinclair Pharma to sell a range of dermatology and dental products.

Aurobindo Pharma has made announcement that the company has got final sanction from the US Food and Drug Administration (USFDA) to sell Fluconazole drug, in the strengths of 50 mg, 100 mg, 150 mg and 200 mg respectively.

Kumars Nationwide has made announcement that the company has agreed to acquire Leggiuno S.p.A, a leading Italian high value shirting fabrics enterprise.

HOV Services Ltd has made announcement that the company has rolled out a new world-class delivery centre in the Xi'an, located in Shaanxi province, China.

Essar Oil has made announcement that the company has inked a product sale, purchase and infrastructure sharing Memorandum of Understanding (MoU) with Indian Oil Corporation.
Oil and Natural Gas Corp (ONGC) has made announcement that the conglomerate has confirmed its interest in acquiring an equity stake in Mangistau Munai Gas (MMG), a Kazakhstan-based oil producer.

Span Diagnostic (Span) has announced that it has formed a new company namely SPAN NIHON KOHOEN DIAGNOSTICS (SNK) under the joint venture (JV) pact inked with Japanese Nihon Kohden corporation. (NKC)

TATA chemicals, has announced that the company has decided to put a soda ash manufacturing plant on hold, which it had proposed to build, in joint venture with the Tanzanian government with an investment of around US$ 500 million.

HDFC Securities Ltd., an arm of HDFC Bank, has made announcement that the company has rolled out India’s first Call Centre for its Marathi speaking customers.
`Nano` is likely to drive out on Ratan Tata`s 71st birthday on December 28 just as the `Indica` was launched a decade ago when he turned 61

Kopran, a healthcare company decided to divest its stake in the joint ventures (JVs) namely, Globalpharma LLC, Dubai and Kampala Pharmaceutical Industries, Uganda at its meeting held on Oct. 11, 2008.


Hindalco Industries may hold the aluminium-maker`s Rs 50.47 billion rights issue considering substantial drop in the share price of Hindalco and the bearish market conditions until the financial markets bounce back,

Hero Honda Motors announced that the company will roll out seven bikes soon. It targets to sell nearly 600,000 bikes and scooters in the October 2008


Apnaloan has tied-up with Reliance Money arm of Reliance Capital, to provide information about personal finance on their website.

Citrix India & Tulip Telecom partner to offer advanced IP solutions

The finance ministry has decided that financial firms in the US and the UK which have recently seen changes in ownership thanks to the bailout package from their respective governments will not be required to take fresh approvals from the Foreign Investment Promotion Board (FIPB) for their existing Indian joint ventures or other investments

Ipca Laboratories announced on Monday that the company entered into a strategic alliance with US-based Heritage Pharmaceuticals.

TCS to provide `Passport Seva`

Sanjivani Paranteral, in order to strengthen the position of the company in solid dosages form in India and abroad, acquired a new pharmaceutical manufacturing plant in Uttarakhand.