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CCD
okays sale of 10% equity each in ONGC, GAIL
New Delhi: The Cabinet Committee on Disinvestment
has approved the sale of 10 per cent of the total equity
in ONGC and GAIL through domestic offering.
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Ranbaxy
set to defend UK arm against price-fixing charge
New Delhi: The bogey of financial irregularities
in the UK came back to haunt pharma-major Ranbaxy Laboratories
Ltd — with the UK authorities naming Ranbaxy UK Ltd
(RUKL) as one of the seven companies that was likely to
be sued by the State-funded National Health Service (NHS)
for allegedly fixing the price of antibiotic amoxicillin.
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Hind
Latex in pact with Chinese healthcare company
Mumbai: Public sector contraceptives major Hindustan
Latex has entered into a memorandum of understanding with
Zizhu Pharma Beijing, a Government of China undertaking,
for introducing new generation contraceptives and healthcare
products in India.
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Wockhardt
granted marketing rights for antibacterial drug
Mumbai: Wockhardt Ltd has been granted five years
of exclusive marketing rights for its topical antibacterial
drug Nadoxin (nadifloxacin) by the Indian Controller General
of Patents and Trademarks.
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M&M
plans third plant in US
Mumbai: Mahindra & Mahindra, which has carved
a significant niche in the United States tractor market,
is now planning a third plant in the country. The plant
will be located on the west coast, near Las Vegas.
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Amalgamated
Bean Coffee to buy back American International's 30 per
cent stake
Chicmagalur (Karnataka): Amalgamated Bean Coffee
Trading Company Ltd (ABCTCL) is in the process of buying
back the 30 per cent strategic stake that the private
equity player American International Group (AIG) had picked
up in the coffee major in 2002, Mr V.G. Siddhartha, Chairman,
ABCTCL, said.
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BIFR
okays Tata Steel's takeover of Indian Steel
Mumbai: The much-awaited takeover of Indian Steel
and Wire Products Ltd (ISWPL) by Tata Steel has come through.
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Jindal
Thermal power project hits roadblock
Bangalore: The Jindal group's move to locate its
power plant near Mangalore has come a cropper faced with
the Karnataka Government's reservations.
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Perot
Systems plans to expand BPO unit's operations
Bangalore: The US-based Perot Systems wants its
Indian BPO outfit, Vision Healthsource, to diversify into
the investment banking and the insurance space even as
the subsidiary is doubling its seat capacity by setting
up another centre in Chennai.
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Satyam
bags IBM Lotus award
Hyderabad: Satyam Computer Services has announced
that it has been awarded the IBM Lotus award in the Knowledge
and Content Management Solution category for the 10th
Annual IBM Lotus Awards, formerly Lotus Beacon Awards.
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Tyco
introduces new system
Bangaore: Tyco Electronics has introduced AMP NETCONNECT
EtherSeal Connectivity System, a system that will protect
critical data communication in harsh environment against
temperature and moisture extremes, dust, vibration, EMI
noise and chemical exposure while providing protection
against accidental disconnects. The EtherSeal Connectivity
System
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