Amara Raja to design products for US partner
Chennai: Talks are on between Amara Raja Batteries Ltd and the company's American partner, Johnson Controls Inc, for an understanding under which ARBL will develop products for Johnson Controls.
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Dr Reddy's gets USFDA final nod for Ciprofloxacin
Hyderabad: Dr Reddy's Laboratories Ltd, the Hyderabad-based pharma major listed on the New York Stock Exchange, has announced that the US Food and Drug Administration has granted final approval for the company's abbreviated new drug Ciprofloxacin.
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Agro Tech plans board meets via video conferencing
Mumbai: Agro Tech Foods Ltd, a subsidiary of the global food major ConAgra, proposes to hold board or committee meetings through video or tele-conferencing. The company intends to amend the articles of association for this purpose.
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Ranbaxy's anti-AIDS drugs on WHO list
Mumbai: Ranbaxy Laboratories Ltd has announced that its anti-AIDS drugs have been approved by the World Health Organisation. The announcement is significant for the company as its anti-AIDS drugs would now be part of WHO's approved list.
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Sahara plans multi-utility smart card
Mumbai: Sahara India Pariwar, the diversified business group which is in to public deposit mobilisation, housing, aviation and media, is planning to introduce a multi-utility smart card for the masses. The group's plans also envisage a large network.
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Siemens to consider Joka plant closure
Kolkatai: Siemens Ltd has said that its board will meet next week to consider the closure of its works/plant located at Joka in West Bengal. The board, which is scheduled to meet on July 16, will consider, among other matters, the closure of the plant.
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Bhoruka gets LAAA rating for Rs 8-crore NCD
Mumbai: The Investment Information and Credit Rating Agency has assigned a conditional LAAA (structured obligation) rating to the Rs 8-crore non-convertible debenture programme of Bhoruka Power Corporation Ltd.
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SWC beer valuation may have delayed SAB deal
Mumbai: Difference over the valuation of Shaw Wallace's beer business are said to have created hurdles to its equity deal with transnational brewer South African Breweries plc, say sources.
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GE Capital to buy stake in TV Today
New Delhi: TV Today Network Ltd has tied up with GE Capital, the wholly-owned subsidiary of the US-based electrical giant General Electric. According to sources, GE Capital will pick up a 6-per cent stake in TV Today Network Ltd at a premium.
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No plans to return cash: Infosys CEO
Bangalore: Infosys Technologies has no plans to return its growing cash reserves to shareholders, the company CEO and managing director Nandan Nilekani said here on Wednesday. "Cash reserves are strategic and adequate," 
Nilekani said.
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Higher foreign stake in SCI to win back bidders
New Delhi: India's disinvestment ministry, in a reversal of its earlier stance, may allow higher foreign investment in Shipping Corporation of India in an attempt to placate foreign companies who were unhappy with restrictions on their investment.
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Clorets, Halls may up for grabs
Mumbai: Popular brands like Halls and Clorets could be up for grabs worldwide and consequently in India, due to a recent decision taken by their owner Pfizer.
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Boeing to pitch for Air-India order
Mumbai: With Indian Airlines having selected Airbus for its Rs 10,000-crore deal involving 43 aircraft, arch-rival Boeing is planning to make an aggressive pitch for orders from Air-India which is planning to buy two dozen aircraft over a period of two years.
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Infosys Q1 topline grows by 25%
Bangalore: Riding on a robust, sequential volume growth of 12.4 per cent and a 25-per cent year-on-year rise, Infosys on Wednesday announced a net profit of Rs 216.85 crore for the first quarter ended 30 June 2002.
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MRF plea against JK Industries turned down
New Delhi: The Advertising Standard Council of India has upheld JK Industries claim of being Indias No 1 tyre-maker in the four-wheeler segment.
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Reliance Communications plans $250-million ECB in September
Mumbai: Reliance Communications, a subsidiary of the Reliance groups new economy vehicle, Reliance Infocom, is planning an external commercial borrowing of up to $250 million in September 2002.
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Chauhan takes Bisleri to American shores
New Delhi: The Bureau of Indian Standard may have ticked it off but that hasn't watered down the ambition of India's oldest water brand, Bisleri. Ramesh Chauhan is taking his last big brand to the foreign shores.
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Bharti, Tata Teleservices share optical network in Delhi
New Delhi: Co-opetition is the mantra of tough times. Two fierce rivals in the basic telephony services arena -- Tata Teleservices and Bharti Telesonics -- will share their backbone network in Delhi.
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Air fare cuts move from local to global skies
New Delhi: If you were still awestruck by the massive discounts in domestic air fares, it's time to turn the focus on international destinations. It is not just Goa, Kochi, Mumbai or Chennai; flying to London, Singapore, Dubai or New York has also become cheaper.
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VSNL cuts US, Europe rates by 40%
Mumbai: The newly-privatised Videsh Sanchar Nigam has joined the Bharti-initiated price war by deciding to cut call rates to the US and Europe by 40 per cent.
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Bhilai steel eyes Rs 700-crore net in 2002-03
Mumbai: Bhilai Steel Plant has enhanced its internal net profit target for the current fiscal (2002-03) to Rs 700 crore from Rs 450 crore set in the annual performance plan of Steel Authority of India Ltd, according to sources in the steel plant located in Chattisgarh.
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JB Chemicals to set up manufacturing unit in Daman
Mumbai: JB Chemicals and Pharmaceuticals has announced plans to set up a manufacturing facility to manufacture its Doktor Mom range of cough lozenges and tablets in Daman, at a project cost of Rs 15 crore.
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CETMA may introduce corporate ombudsman
New Delhi: There are plans to introduce the concept of corporate ombudsman by consumer electronics and home appliances manufacturers in the country.
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Bhel bags Rs 35-crore grid substation project from Rajasthan
New Delhi: Bharat Heavy Electricals Limited has bagged a Rs 35-crore order from Rajasthan Electricity Board for putting up a grid substation.
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Ernst & Young report pegs NPLs at a massive $28 billion
The actual non-performing loans of banks and financial institutions in India are believed to be as high as $23-28 billion, much higher than the official estimates of $16.7 billion.
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