Page 92 - B2B Connect
All India Institute of Ayurveda to come up in New Delhi
The institute has been conceived as an apex institute of ayurveda with 200 bedded referral hospital and to impart education in the field of ayurveda at MD and PhD level
Arbitration court asks former Ranbaxy owners to pay Rs 3,500 cr to Daiichi Sankyo
The court in Singapore ordered Malvinder Singh and Shivinder Mohan Singh to pay the fine for concealing key facts during the sale of Ranbaxy to Daiichi Sankyo in 2008
 "Arbitration court asks former Ranbaxy owners to pay Rs 3,500 cr to Daiichi Sankyo")
ICGEB and Sun Pharma to co-develop botanical drug for dengue
Sun Pharma to fund development programme as well pay royalty to International Centre for Genetic Engineering and Biotechnology (ICGEB), following commercialisation of the drug
 "ICGEB and Sun Pharma to co-develop botanical drug for dengue")
Sun Pharma's mobile app to track treatment compliance among asthma patients
The company has rolled-out India's first asthma monitoring mobile app, RespiTrack, to connect doctor & patient
 "Sun Pharma's mobile app to track treatment compliance among asthma patients")
APL Apollo Tubes to set up manufacturing plant in Chhattisgarh
To be built with an investment of Rs 75 crore, the plant will manufacture galvanised steel tubes, hollow section and galvanised sheets having a total capacity of 60,000 MTPA
 "APL Apollo Tubes to set up manufacturing plant in Chhattisgarh")
DyStar buys specialty chemical businesses from Emerald Performance Materials
In a separate transaction, DyStar will sell Emerald's polymer additives and nitriles businesses to Sinochem subsidiary. As a result, DyStar will retain the specialties businesses
 "DyStar buys specialty chemical businesses from Emerald Performance Materials")
Solvay sells stake in Solvay Indupa to Brazil's Unipar Carbocloro
Divestment of Indupa follows Solvay's exit from its European PVC joint venture as Solvay is transforming into a specialty chemicals group
Evonik acquires Air Products' specialty & coating additives business for $ 3.8 bn
Acquisition will strengthen Evonik's position in the high-margin specialty & coating additives market
 "Evonik acquires Air Products' specialty & coating additives business for $ 3.8 bn")
Tata Chemicals selects Metso to upgrade soda ash plant in US
As per the contract with Tata Chemicals (Soda Ash) Partners, Metso will repair, rebuild, and service existing pyro-processing equipment and systems in its Green River (USA) operation
 "Tata Chemicals selects Metso to upgrade soda ash plant in US")
Total to buy advanced batteries maker Saft for Euro 950 mn
The acquisition of Saft is part of Total's ambition to accelerate its development in the fields of renewable energy and electricity, initiated in 2011 with the acquisition of SunPower
 "Total to buy advanced batteries maker Saft for Euro 950 mn")
Govt to draw framework for hydropower development in India
Arunachal Pradesh to provide single-window clearance for hydropower generation
BHEL commissions 500 MW thermal power plant in Jharkhand
The company has executed the contract of setting up the 500 MW coal-based unit on engineering, procurement & construction (EPC) basis
 "BHEL commissions 500 MW thermal power plant in Jharkhand")
India can save $50 bn if logistics costs are brought down to 9% of GDP
Access to cheap capital should be made available to logistics service providers for investments in infrastructure, says an Assocham-Resurgent India joint study
 "India can save $50 bn if logistics costs are brought down to 9% of GDP")
Tyre market to propel demand for specialty silicas
The global specialty silicas market is expected to reach 3.5 million metric tonnes in 2020, valued at $8.8 billion, according to Freedonia
 "Tyre market to propel demand for specialty silicas")
Rama Phosphates increases SSP capacity at Indore plant
The company has raised the single super phosphate (SSP) capacity from 1.65 lakh tonne per annum (TPA) to 2.5 lakh TPA at the plant
 "Rama Phosphates increases SSP capacity at Indore plant")
Water shortage forces chemical units to cut production in Dakshina Kannada
MRPL and MCF announce disruption of production following the stoppage of water supply to their production sites
 "Water shortage forces chemical units to cut production in Dakshina Kannada")
Ion Exchange eyes GCC region for growth of water treatment solutions
The company opens chemical blending facility in Bahrain that will serve as export hub for the GCC region
 "Ion Exchange eyes GCC region for growth of water treatment solutions")
Pidilite forms JV with Italy's ICA for wood finish
As per deal, Pidilite will hold 50 percent of the shareholding in the JV, Wood Coat Pvt Ltd, while the remaining 50 percent will be held by ICA and Italcoats
 "Pidilite forms JV with Italy's ICA for wood finish")
MSR India enters into forging to tap aerospace & defence industry
The company will produce special purpose components for aerospace & defence industry
 "MSR India enters into forging to tap aerospace & defence industry")
Reliance Defence signs partnership deal with Ukrainian firms
Collaboration includes assembly, manufacture and maintenance of Antonov class of aircraft in India, and upgradation of BMP 2 and armoured vehicles, marine gas turbines and UAV
 "Reliance Defence signs partnership deal with Ukrainian firms")