Ion Exchange to tie up with washing machine companies
New Delhi: Industrial water solutions company, the Rs 180 crore Ion Exchange Ltd is tying up with a large player in the Indian washing machine market to produce automatic water softening units.
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TPC plotting to lure more of our customers, says BSES
Mumbai: BSES Ltd has alleged that Tata Power Company has hatched a gameplan to constrain it to raise tariff and thereafter aggressively lured away even more consumers.
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TFL files rejoinder in Pendse case
Mumbai: Tata Finance Ltd filed its rejoinder with the Mumbai High Court for the civil suit against former TFL managing director Dilip Pendse, earlier this week.
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Emirates Airlines launches DSF tour package
New Delhi: Emirates Airlines in association with SOTC, the outbound travel division of Kuoni Travel India Ltd, has unveiled a tour-package for Dubai Shopping Festival 2003 for the Indian tourists at a throw-away price.
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Banks' rating criteria may be diluted
New Delhi: The Ministry of Finance is planning to dilute the criteria for rating banks in terms of their financial health. Currently, banks are classified as weak when 10% of their assets are non-performing. This proportion is being raised to 15% of total assets over three years.
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DCM exits Shriram group firms
Mumbai: The Ajay and Vikram Shriram-owned Rs 1,100-crore DCM Shriram Consolidated (DSCL) has sold off its stake in all Shriram group companies.
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AVB top brass to retire at 62
Mumbai: The Aditya Birla group, country's second largest conglomerate by sales, could see some top level changes in the coming months. The group has put in place for the first time a retirement age for all its directors and business heads.
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Ranbaxy ties up with Chinese major to market its cancer drug
New Delhi: Even as the spat between Nicholas Piramal India (NPIL) and Dr Reddy's Labs over the latter's indigenous anti-cancer biotech drug Granulocyte Colony Stimulating Factor (G-CSF), Grastim, is yet to be settled, Ranbaxy is all set to make an entry into this fast-growing segment through an outsourced product from China.
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Chinalco plans to invest Rs 1,750 cr in India
Ahmedabad: The Chinese investment gates are opening up. After a handful of electronic companies, the largest Chinese aluminium company, China Aluminium Corporation (Chinalco) is looking at a toehold in the country.
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Baxter India kicks off operations at Manesar unit
Bangalore: Baxter India, a manufacturer of medical disposables, has commenced operations at its Manesar plant, near Gurgaon. The Manesar plant is designed to manufacture continuous ambulatory peritoneal dialysis (CAPD) therapy systems and IV fluids in viaflex flexible bags, using Baxter's patented technology.
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Ford identifies 3 domestic companies for global sourcing
Mumbai:Tata Auto Plastics, Rico Auto Industries and Synergies Dooray have all the three companies have started supplying components to Ford, Europe.
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Intrepid Capital to invest $100m in BPO sector
New Delhi: Intrepid Capital Partners, a privately owned investment fund formed this year by the US-based Safeguard Scientifics founder Warren V Musser and American-India entrepreneur Cyrus Vandrevala, will invest $100m in the Indian business process outsourcing (BPO) sector over the next three years.
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Liberty Alliance wants local companies on board
Mumbai: Liberty Alliance, a collection of over 100 corporations looking to frame a common network identity, is looking to get Indian firms onto its platform.
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SBI's recovery notice on Modi Rubber
New Delhi: The State Bank of India has issued a recovery notice to Modi Rubber under the newly promulgated NPA ordinance for recovery of its dues.
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SCI opens office in Shanghai
Kolkata: Encouraged by the success of the two services covering, among other ports, Chinese destinations, Shipping Corporation of India (SCI) has opened for the first time one representative office in Shanghai and deputed one official, K.N. Nair, of the rank of Deputy General Manager to run it.
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Millipore plans process development lab
Bangalore: Millipore, the pharma technology and services major, plans to set up a process development lab in Bangalore to train upcoming biotechnology professionals and post-graduate students in pharma manufacturing processes.
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Coffee Day gets more funds
Bangalore: Amalgamated Bean Coffee Trading Company Ltd announced that it had closed a commitment of up to $15 million from AIG Asia Opportunity Fund.
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Lanco MoU with Reliance for gas supply
Hyderabad: The city-based Lanco group has entered into a memorandum of understanding with Reliance for the supply of 3.5 million cubic metres per day (MCMD) of gas for the expansion of its existing 368 MW Lanco Kondapalli Power Plant by another 740 MW, taking it to 1108 MW at an estimated cost of
Rs 2,200 crore.
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Dr Reddy's to present research findings at Atlanta meeting
Hyderabad: Dr Reddy's Laboratories Ltd, the Hyderabad-based pharma major, has said that it would present some of its novel drug discovery research findings out of its Atlanta Centre at the American Heart Association's (AHA) ) annual scientific sessions to be held in Chicago between November 17 and 21.
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Orchid equity shares for IFC
Chennai: Orchid Chemicals and Pharmaceuticals will be issuing equity shares to convert the foreign currency bonds worth $20 million issued to the International Finance Corporation (IFC) of the World Bank.
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NeST group co wins award for R&D efforts
Kochi: Saba Powerdex Pvt Ltd, a NeST group company in the Cochin Special Economic Zone, has been chosen for the National Award by DSIR, Union Ministry of Science and Technology in the area of outstanding R&D achievement for technology absorption.
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PepsiCo buys out two bottling units
New Delhi: Soft drinks major PepsiCo India Holdings is buying out two units of its franchisee bottler, the Chandigarh-based Dhillon Kool Drinks and Beverages Ltd, according to industry sources.
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Aurobindo board okays merger of Ranit, Calac
Hyderabad: The board of directors of Aurobindo Pharma Ltd (APL), the city-based Rs 1,050-crore pharmaceuticals major, has approved the proposal of amalgamation of two of the group companies - Ranit Pharma Ltd and Calac Pvt Ltd - with the company.
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Infosys in pact with Chandigarh Govt
Hyderabad: Software major Infosys Technologies announced on Friday that it has signed a memorandum of understanding (MoU) with the Union Territory of Chandigarh Administration (UTCA) to buy 20 acres of land at the Chandigarh Information Services Park.
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