Automobiles
Reva set for Nepal market
BANGALORE: Reva Electric Car Company (RECC) has announced its foray into the export market by entering into a three-year agreement with Ecovisions to facilitate export of Reva to the Nepalese markets, a company release said here on Thursday.
Nippon, Maruti in tie-up
NEW DELHI: Nippon Audiotronix Ltd Thursday said it has tied up with Maruti Udyog Ltd for designing and manufacturing security systems, which would be sold as genuine accessory by the car maker.
Ford's Escape may debut at Auto Expo
FORD India Ltd (FIL) is considering the debut of its sports utility vehicle (SUV), Escape , in India at the forthcoming Auto Expo. The company has applied for the necessary Government approvals to import the vehicle, top sources told Business Line.
Corporate
Complaint against Mistry group filed
MAN-MADE Fibres Pvt Ltd, which has made a counter-offer to acquire the shares of Forbes Gokak Ltd, has complained to the Securities Exchange Board of India (SEBI) that Sterling Investments and others (the Pallonji Mistry group) — the original bidde
rs — have violated the SEBI norms.
Indal MD quits
MUMBAI: Indian Aluminium Company Ltd has said that the company's Managing Director (Operations), Mr N. K. Choudhary, has ceased to hold office as on November 28.
DuPont offers safety expertise to businesses
E.I. DUPONT, a global leader among science-based technology companies, has offered Indian industry its safety expertise to become `champions' in world class safety performance and derive excellence in business performance.
BPCL order for BHPV
VISAKHAPATNAM: State-owned Bharat Heavy Plate and Vessels (BHPV) has bagged a major order from Indian oil major, BPCL, for fabrication and supply of 45 heat exchanges.
Govt may ask CII to run brand equity fund
AS part of the plan to professionalise the working of India Brand Equity Fund (IBEF) - administered by the Ministry of Commerce - for the promotion of Indian brands abroad, the Government is likely to ask the Confederation of Indian Industry (CII)
to take over the responsibility of running the fund.
Balrampur Chini mulls buyback
SUGAR major, Balrampur Chini Mills Ltd, is considering a buyback of its shares. It has also decided to empower its shareholders with the right to cast postal ballots, including the electronic media.
Godrej pact with IIT
GODREJ Industries Ltd and its associate companies today announced the signing of a memorandum of understanding with the Indian Institute of Technology in Mumbai (IIT-B) for facilitating collaboration in a multitude of areas.
Boards approve Graphite, Carbon Everflow merger
THE stage has been set for the merger of Graphite India Ltd with Carbon Everflow Ltd. The board of directors of both the companies approved the proposed merger at separate meetings held here today. The name of the amalgamated company will later be change
d to Graphite India Ltd and it will be registered in West Bengal, according to Mr K.K. Bangur, Chairman of the K.K. Bangur group of companies.
IOC chief meets Bengal CM on Haldia Petro -- TCG told to bring in funds within 15 days
MR M.A. Pathan, Chairman of Indian Oil Corporation (IOC), today met Mr Buddhadeb Bhattacharjee, West Bengal Chief Minister, and the Industry Minister, Mr Nirupam Sen, to discuss Haldia Petrochemicals Ltd (HPL).
HC admits winding-up petition against L&T
THE Bombay High Court on Thursday accepted the winding-up petition filed by three hoarding and advertising agencies against engineering giant Larsen & Toubro Ltd. The court has given L&T three weeks to file an affidavit in reply.
Zuari-Chambal group still in race for NFL
THE K. K. Birla-controlled Zuari-Chambal group has declared that it is still very much in the race for strategic buy-out of the Centres equity in National Fertiliser Ltd (NFL), notwithstanding the Department of Fertilisers recent move to drastically slas
h the retention prices for the urea units of Zuari Industries and Chambal Fertilisers & Chemicals Ltd (CFCL) in Goa and Kota, respectively.
Spectrum MD set free on bail
HYDERABAD: The Managing Director of Spectrum Power Generation Ltd (SPGL), Mr M. Kishan Rao, who surrendered before the court of the 11th Metropolitan Magistrate here on Wednesday, was released on furnishing a personal bond.
Petroleum
Further cost escalation feared -- BPCL awaits Oman decision on Bina
GIVEN a choice, Bharat Petroleum Corporation Ltd (BPCL) would like to go ahead with the implementation of the 9 million-tonne per annum (mtpa) capacity refinery proposed to be set up at Bina in Madhya Pradesh. The indecision on the part of Oman, whose na
tional oil company is to participate in the project, is delaying implementation, according to a spokesman of the company.
Pharmaceuticals
Eli Lilly Ranbaxy name changed
ELI Lilly Ranbaxy Ltd will now on be known as Eli Lilly & Company (India) Pvt Ltd. An approval to this effect was received this week from the Registrar of Companies according to an official statement issued here today.
Bayer to cut royalty for Ranbaxys Cifran
RANBAXY Laboratories royalties and milestone payments for its once-a-day ciprofloxacin drug - Cifran OD - will be cut marginally by Bayer AG.
Ranbaxy gets FDA approval for analgesic combine
RANBAXY Pharmaceuticals Inc, a wholly-owned subsidiary of Ranbaxy Laboratories Ltd, has received US FDA approvals for acetaminophen and codeine phosphate tablets.
Tyres
BIFR notice to Dunlop directors on allegations
THE Board for Industrial & Financial Reconstruction (BIFR) has issued show-cause notices (SCN) to each of the directors on the board of Dunlop (India) Ltd (DIL), seeking material evidence and substantiation of the allegations made against the quasi-judic
ial authority.
