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Wednesday, February 21, 2007

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First major FDI in refining
Mittal picks up 49 p.c. stake in Bhatinda refinery

HLL net profit up 32 p.c.
Recommends Rs. 3 final dividend

Board approves name change
MUMBAI: The board of directors of HLL has approved the change in the name of the company from Hindustan Lever Ltd. to Hindustan Unilever Ltd. The change of name is subject to shareholders' approval at the annual general meeting. The company ...

CGN ties up with TPI

Apollo plans to take over U.K. hospitals
LONDON: The Apollo Hospitals group has drawn up a hit-list of British takeover targets, including Priory's Healthcare and Capio UK. Quoting people with knowledge of Apollo's plans, the media here reported that the Indian company had already ...

Essar Global buys Bermuda-based BPO co.
The deal with Chrys Capital is valued at Rs. 100 crore

Indian Bank opens branch in Dharavi slum
MUMBAI: Indian Bank on Monday opened its first commercial bank branch in Asia's largest slum, Dharavi, here. The branch would help the people of Dharavi to channelise their savings and facilitate easy remittance of funds to the kith and kin of ...

Sensex sheds 150 points
MUMBAI: The stock markets reacted negatively with the Bombay Stock Exchange (BSE) benchmark Sensex on Tuesday shedding 150 points in high volatility caused by approaching expiry of February contract in derivatives. The markets turned weak as ...

Other Stories


DLF fined Rs. 1 cr. for trading in BFSL
MUMBAI: The Securities and Exchange Board of India on Tuesday imposed a fine of Rs. 1 crore on DLF Commercial Developers (DLFCD) for trading in the shares of Bhoruka Financial Services at the de-recognised Magadh Stock Exchange Association ...

Flexibility to ULIPs investment plans
CHENNAI: The Insurance Regulatory and Development Authority (IRDA) has raised with effect from February 20, the maximum share of money market instruments to 40 per cent from 20 per cent of the total fund (for each policy holder) in the case of ...

Ranbaxy to submit bid for Merck (generics)
NEW DELHI: Ranbaxy Laboratories is expected to submit its bid for Merck's generics business by the end of this month as it gives final touches to the formation of a special purpose vehicle (SPV) for the acquisition. ...

AETL gets process patent
CHENNAI: : Advanced Enzyme Technologies Limited (AETL), a manufacturer of enzymes and probiotics, has received a process patent for leather manufacturing. The process, named `Eco-Friendly WET Blue Manufacturing,' will allow for better quality of ...

Sony Pictures picks up equity in FrameFlow
CHENNAI: U.S.-based Sony Pictures Imageworks (SPI) has announced an equity investment in visual effects and animation studio FrameFlow, a company which is based in Atlanta and Los Angeles and has its production operation in Chennai. As part of ...

Maveric Systems ties up with U.K. consultant
CHENNAI: : Maveric Systems, a software testing company, has announced its strategic partnership with Real Consulting Services Ltd. (RCS), a U.K.-based company providing transformation services and solutions to the banking and insurance sectors, ...

IndiGo announces promotional offer
NEW DELHI: IndiGo, the low-fare private domestic carrier, on Tuesday announced a promotional offer on one lakh tickets at Rs. 100, Rs. 500 and Rs. 1,000 (plus taxes and surcharges). These tickets will be available on a first come, first served ...

Nexxoft acquires eZeesoft
HYDERABAD: Nexxoft Infotel Ltd., a provider of advanced manufacturing technology solutions, has acquired 100 per cent of the business of the Mumbai-based software company, eZeesoft (P) Ltd. Nexxoft has its registered office in Hyderabad and ...

Bentley gets DCGI nod for Nasulin Phase II trial
BANGALORE: Biocon announced on Tuesday that its licensing partner, Bentley Pharmaceuticals Inc., a specialty pharmaceutical company, has received approval from the Drug Controller General of India (DCGI) to proceed with Phase II clinical ...

Aurobindo Pharma gets nod for making Lisinopril
HYDERABAD: : The Medicines Control Council of South Africa has granted authorisation to Aurobindo Pharma to participate in the key segment of the medicine market by manufacturing Lisinopril tablets in 5 mg, 10 mg, and 20 mg strengths. Lisinopril ...

Andhra Bank to get `mobile' ATMs
BANGALORE: : Andhra Bank will soon get Automated Teller Machines (ATMs) with biometric access and audio interactivity, having ordered 150 to 200 such ATMs for the coming fiscal. According to L. Ramakrishnan, Chairman and Managing Director, more ...

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