Ranbaxy in research pact INMAS
New Delhi: Ranbaxy Laboratories Ltd has signed an agreement with the Institute of Nuclear Medical and Allied Sciences for screening and evaluation of formulations and New Drug Delivery Systems using Gamma Scintigraphy.
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Kinetic Engineering to launch Italjet scooters
Chennai: Kinetic Engineering will launch scooters of Italjet design next year. The company recently acquired rights to manufacture and sell seven scooters from the stable of the Italian scooter maker, Italjet.
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ABB plans Rs 50 crore capacity addition
Bangalore: Enginering major ABB Ltd plans to spend close to Rs 50 crore as capital expenditure for the current financial year 2004 as it adds capacity and product range to meet the growing demand, the Chief Financial Officer, Mr K. Rajagopal, said.
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Moving Picture to launch TV channel
Visakapatnam: Moving Picture Company is planning to launch a satellite channel in New Delhi shortly and has applied for uplinking.
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Samsung India to go for CTV designing
New Delhi: Samsung India's research and development centre is set to take up colour television design later this year.
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Meat Products to expand operations
Kochi: Meat Products of India Ltd is modernising its plant at nearby Koothattukulam apart from launching organic meat products.Modernisation of the plant would be completed in three months
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Govt orders probe against Ispat
New Delhi: Government has ordered a probe against steel giant Ispat Industries for alleged exposure to Rs 8,500 crore of public funds, erosion of networth and high accumulated losses, highly-placed official sources said here today.
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FACT lifts ceiling on VRS compensation
Kochi: Fertilisers and Chemicals Travancore Ltd, in a bid to lure more of its workers for voluntary retirement, has removed the ceiling of Rs 5 lakh towards compensation and allowed the employees to choose one of two proposals originally offered by the Government.
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Elder Pharma to increase manufacturing capacity
Mumbai: Elder Pharmaceuticals Ltd as it sets out to establish more manufacturing facilities, get active in the export market and foray into categories like `cosmoceuticals.'

LG plans sales of 4 lakh ACs
New Delhi: LG Electronics India Pvt Ltd is targeting a sales of four lakh units of air-conditioners in 2004, amounting to a turnover of Rs 850 crore, on the back of encouraging growth in the previous year.
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Pantech enters GSM market
Mumbai: Pantech, has announced its entry into the Indian market where it has put out two GSM phones - one targeting the female subscriber and the other "featuring the latest in mobile phone technology."
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BSNL to invest Rs 130 crore in TN
Chennai: Bharat Sanchar Nigam Ltd will invest Rs 130 crore in the Tamil Nadu circle by mid-April to provide two lakh more cellular connections, according to Mr K. Mahadevan, Chief General Manager, Tamil Nadu Telecom Circle, BSNL.
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Color Chips in pact with German firm
Hyderabad: Colour Chips India Ltd has signed up with BKN International AG, Germany, for a 2D-animation project. The company claimed that the deal is valued at $2.5 million .
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