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| Tuesday, April 27, 2004 |

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Aventis bites Sanofi bait

Offer raised to $65 billion, deal to create third-largest drug company

Aventis, the French-German drug company, on Sunday night accepted a sweetened offer from once-hostile bidder Sanofi-Synthelabo, in a deal that values Aventis at €55 billion ($65 billion), sources close to the negotiations said. ... | Read..

Research boost for local arms

In India, the deal between Sanofi and Aventis is expected to leverage on the strengths of a strong research back-up, apart f ... | Read..

Hindalco net profit up 21% at Rs 222 cr

Hindalco Industries has reported a 21.31 per cent rise in net profit at Rs 222 crore for the fourth quarter of 2003-04 comp ... | Read..

Ministry spat rocks ship hiring

A turf war has broken out between the petroleum ministry and the shipping ministry. Senior petroleum ministry officials are ... | Read..

Hind Lever to exit leather, seeds

Hindustan Lever (HLL) is set to pull out of leather exports business. The FMCG major will also sell off its remaining st ... | Read..

Sanofi chairman Jean-Francois Dehecq (left) with Aventis chief Igor Landau in Paris on Monday. (AFP)

Tough bargain on revenue sharing in tea
The tea industry has appealed to the Union commerce ministry against the government’s decision .. | Read..

State Bank on project finance overdrive
State Bank of India (SBI) has drawn up plans to aggressively enter into project financing to fill t.. | Read..

ONGC operations give navy a headache

The Indian Navy is concerned about the expanding operations of Oil and Natural Gas Corporation .. | Read..

Zydus Cadila net jumps 87%

Zydus Cadila Healthcare has posted a 86.68 per cent rise in net profit in 2003-04 to Rs 143 crore a.. | Read..

CMC logs 30% rise in profit

CMC Limited has reported a rise of 24 per cent in revenues to Rs 763.67 crore in the year ended.. | Read..

Moody’s rates Exim Bank stable

Global credit rating agency Moody’s today assigned for the first time a ‘stable outlook’ rating to .. | Read..

Rasna ready to add new flavours to its range

Rasna plans to add local flavours to its product range to penetrate regional markets... | Read..

AROUND THE GLOBE

Boeing launches 7E7 with big order

Boeing said on Monday that All Nippon Airways has ordered 50 of its 7E7 jetliners in the largest co.. | Read..

Bailout plan for textiles