Page 188 - B2B Connect

IOC appoints Anish Aggarwal as director (pipelines)

Before this, Aggarwal was the executive director (operations) in IOC's pipelines division

Divis Laboratories plans Rs 500-cr facility in Andhra Pradesh

This will be its third facility, which is expected to be located at Kakinada

US FTC grants conditional approval for Sun-Ranbaxy merger deal

Two companies have agreed to divest Ranbaxy's interest in generic minocycline tablets to Torrent Pharmaceuticals in order to seek FTC's final nod for their $4-bn merger deal

Construction chemicals market in US to exceed $12 bn in 2018

Gains will be primarily driven by double-digit increases in building construction expenditures, supported by healthy economic growth and an improved consumer financial outlook

Arkema starts production at thiochemicals plant in Malaysia

The plant, Arkema's first thiochemicals industrial platform in Asia, strengthens its position in this product line

Solvay sells Germany-based refrigerants business to Daikin

This marks the exit of Solvay from the refrigerants market

GSFC to invest Rs 900 cr in melamine project

The company will set up 40,000-MTPA melamine plant, which is expected to be commissioned in the third quarter of FY 2017-18, at Vadodara

Huhtamaki PPL completes Positive Packaging takeover deal

Huhtamaki, the Finland-based manufacturer of specialty packaging, had entered into an agreement to acquire Positive Packaging for Euro 247 mn in July 2014

Sanofi invests Rs 90 cr in Apollo Sugar Clinics

Sanofi-Synthelabo India, a part of pharma major Sanofi group, will invest Rs 90 crore in ASCL through a combination of primary and secondary funding

Weakening of Euro to affect India's exports: FIEO

While most of the economies were contracting and deflation was being witnessed, the Greek verdict has added economic uncertainties in Europe, which account for about 18.5% of India's exports

Strides Arcolab receives USFDA's nod for Bangalore facility

USFDA, which inspected the facility in August 2014, has found Strides Arcolab's oral dosage facility acceptable

Sanofi begins work on Rs 460-cr insulin facility in Hyderabad

This will be Sanofi's second plant aside from its existing Insuman (human insulin) manufacturing plant in Frankfurt (Germany)

'Brain drain' concern from developing countries is misplaced

'Indirect' learning in mature markets crucial to the growth of firms from developing countries such as India, according to a research at Cambridge Judge Business School, UK

Indosolar inks Rs 1250-cr wafer supply pact with Korea's Osung LST

Korean company with supply wafers to Indosolar, which will use it for manufacturing solar photovoltaic cells

Biotech industry to grow to $100 bn by 2025: ABLE

The Association of Biotechnology Led Enterprises (ABLE) seeks extension of 10-year tax holiday for biotech/farming establishments by another 2 years

Packaging equipment makers seek higher dumping duty on Chinese machinery

Indian Printing Packing and Allied Machinery Manufacturers Association (IPAMA) has sought further 10 per cent increase in import duty on second hand machineries from China

IIC seeks recognition, easier financing for social enterprises

Impact Investors Council (IIC), in its representation for Budget 2015, is requesting the Government to help galvanise the impact investment eco-system

Govt proposes SPV for setting up sewerage treatment plants in Ganga cities

A special purpose vehicle (SPV) is expected to help augment STP capacity to meet the growing requirement to treat effluents

India, Germany to collaborate for circular economy & water management

Two countries to set up working groups on water management & circular economy

BHEL commissions 600-MW thermal unit in Odisha

The unit was commissioned at Jindal India Thermal Power Limited's (JITPL) upcoming 2x600 MW thermal power project located at Derang in Angul District of Odisha