ORG Informatics to acquire Indian and overseas cos worth $20mln

Tuesday, December 26, 2006, 9:34 [IST]

New Delhi, Dec 24 (UNI) ORG Informatics Ltd, service provider in remote sensing, photogrammetry and software development, has said it is in the process of finalising various acquisition proposals in India and abroad worth 20 million dollars.

The Board of Directors have authorised Mr Ajoy K Khandheria, Managing Director and Chief Eexcutive Officer (CEO), to negotiate and finalise the acquisitions, against consideration of up to 20 million dollars in cash and or cash equivalents.

The company also postponed considering the proposal for issuance of six lakh convertible equity warrants at Rs 170 to Albrireo Enterpirses, US and Tulip Biochem Pvt Ltd.

''The proposal shall be considered at a separate meeting of the shareholders in the light of the upcoming new opportunities, if need arises,'' a company statement has said.

The move was unanimously approved by all members present at the meeting.

UNI CS DKS HT1240

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Farmers' suicide cases on rise in K'taka: Congress

Tuesday, December 26, 2006,9:34 [IST]

Bangalore, Dec 26: Former Karantaka Deputy Chief Minister and senior Congress leader S Sidharamaiah today accused the JD(S)-BJP coalition government of failing to check the incidents of farmers suicide ever since it came to power in Karantaka. Speaking at a felicitation ceremony of former Karnataka Chief Minister N Dharam Singh, on his 70th birth day, here today Mr Sidharamaiah said the Congress led coalition government in the state had initiated several pro-farmers programmes resulting into reduction of farmers suicide.....

Koutons to raise Rs 140 cr, plans to double outlets by mid-07

Tuesday, December 26, 2006,9:35 [IST]

New Delhi, Dec 24 (UNI) Apparel maker Koutons Retail India Ltd will raise Rs 140 crore through initial public offering (IPO) in the next year, as it plans to double its presence in year's time. ''We will ramp up to 500 Koutons stores and 500 Outlaw's store by mid-2007,'' Koutons Chairman D P S Kohli said. Currently, the company is operating more than 400 franchisee stores under the brand name Koutons and more than.....

FICCI proposes seven-point package to promote biotech

Tuesday, December 26, 2006,9:35 [IST]

New Delhi, Dec 24 (UNI) To promote innovation in biotechnology, and effect a five-fold increase in revenue generation in the sector to five billion dollars along with creation of one million jobs by 2010, industry chamber FICCI today suggested a seven-point package to the government. Under the package, FICCI recommended that tax benefit should be extended to expenditure incurred on clinical trials for all companies since expenditure incurred on scientific research is allowed. The chamber.....