Wockhardt gets nod for sale of painkiller in US
Wockhardt Ltd has announced that it has got approval from the United States Food and Drug Administrator to sell its painkiller tablets in the US.
India Steamship, Korean co in pact for Aframax tanker
India Steamship (ISS), the shipping arm of Chambal Fertilisers & Chemicals Ltd belonging to the K.K. Birla Group, signed an agreement with Hyundai Heavy Industries Co Ltd of Korea to acquire an Aframax tanker.
Vascon, InterContinental tie-up for biz hotel at Balewadi
Vascon Engineers is constructing a four-star business hotel at Balewadi near Pune and has tied up with the InterContinental Hotels Group to manage it as a Holiday Inn hotel property.
German team looking for tie-ups with SMEs
A 19-member business delegation from North Rhine Westphalia in Germany scouting for investment opportunities and at possible joint ventures with small and medium-sized businesses.
Belgium seeks Indian investment in Flanders
Direct flights between New Delhi and Brussels and Mumbai and Brussels are likely to commence later this year.
TN signs pact with Irish co for power plant, coal port
Tamil Nadu Government and the Ireland-based McNamara International
Pvt Ltd have entered into an agreement that provides for McNamara
International to set up a 2,000-MW power plant and a coal-handling
port in Nagapattinam district.
Cabinet clears 74% FDI in telecom
The Cabinet today approved amendments to Press Note 5 of 2005 that impose stiff monitoring needs for telecom service providers, increasing foreign direct investment from 49% to 74%.
RIL, Rohm and Haas sign MoU for acrylic unit
Reliance Industries (RIL) and Rohm and Haas Company have signed a memorandum of understanding (MOU) to explore the joint construction of a world-scale acrylic-monomer complex in Jamnagar, India.
Govt expects Rs 24,000cr inflow in chip making
The government expects to attract an investment of around $6-10 billion by luring two-three fabrication units with at an investment of $2-3 billion each by 2010 .
Khanduri govt to favour small hydel projects
The new Uttarakhand government is likely to give preference to small dams over big ones like Tehri in its new policy guidelines for the power sector.
EU expects USD 25 bn FDI from India in 2007
The Foreign Direct Investment (FDI) outflow from India to the European Union (EU) can cross the 25 billion dollar (Rs 1,12,500 crore) mark this year.
ADB OKs infrastructure support loan for India
The Asian Development Bank said on Thursday it has approved a $50 million loan to India's Infrastructure Development Finance Company Ltd to support the country's huge development needs.
Aftek unit in licensing pact with Germany's BDT
Software firm Aftek Ltd said on Thursday its wholly-owned subsidiary has entered into a deal to licence its search technology to Germany's BDT AG.
France's Thomson mulling R&D centre in India
French technology group Thomson, which has eight research and development centres worldwide, wants to locate a ninth centre in India in coming years.
Tatas eyeing Deutsche Telekom's German IT unit
In line with its strategy of global expansion through acquisitions, corporate giant Tatas are reported to be in advanced stages of talks for buying the IT business unit of German telecom giant Deutsche Telekom.