Kammas World

Former ICICI Venture investment director Aluri Srinivasa Rao will head the soon-to-be set-up private equity arm of Morgan Stanley in India. Morgan Stanely already has an investment bank and an asset management arm in the country. It had parted ways with JM Financial last year to go solo in India. The new private equity arm is to be launched on May 1. Rao had quit ICICI Venture early this month. He was an investment director there mainly doing deals in healthcare and life sciences space. Morgan Stanley has been investing in India through its Asia-dedicated private equity fund. It had closed a $1.5 billion fund in the third quarter of 2007.The other global investment banks such as Merrill Lynch and Goldman Sachs already have very active proprietary private equity arms in India.

Doddapaneni Kalyankrishna Full name: Doddapaneni KalyankrishnaBorn December 16, 1983, Vijayawada Current age 24 years 115 days. Major teams Andhra. Batting style Right-hand bat. Bowling style Right-arm medium-fast. Now playing for Deccan Chargers in IPL (bought for 25 lakhs) Kalyankrishna took the crucial wicket of Yusuf Pathan ( Rajasthan Royals) at a crucial period of match in the IPL 20-20 match on 24-April..

SINGAPORE (Dow Jones)--RAK Minerals & Metals Investments, a Ras Al Khaimah-based investment company jointly promoted by the Ras Al Khaimah government (Ras Al Khaimah is one of seven emirates in the United Arab Emirates) and Trimex Group, has acquired Armenian mining company TSCC Armenia for $200 million, Managing Director Madhu Koneru said. Speaking to Dow Jones Newswires on the sidelines of Asia Mining Congress 2008, Koneru said the investment includes the cost of acquiring existing assets of TSCC Armenia as well as setting up a greenfield concentrate plant as part of the project. An official announcement on the deal is expected shortly. The acquisition involves three mining complexes spread across North and South Armenia and includes copper and other polymetallic minerals, Koneru said. In the next two years, RMMI plans to build a concentrate plant in South Armenia's Larneshan region to process copper and polymetallic ores into concentrates. RMMI's ownership of natural re...

Lanco Infratech Ltd has now proposed to set up its 1,200 Mw power project in Balaghat and not in Chhindwara. The company inked a deal with the Madhya Pradesh government on January 17 at Khajuraho for the project (1,200 Mw plus or minus 200 Mw). The firm dropped the idea of setting up its unit in Chhindwara because it had not been allocated coal blocks. The company will invest Rs 5,000 crore in the project. It has been given “in principle” sanction for land acquisition and water supply. A state power department source told Business Standard: “The project will now come up in Balaghat.” The company had asked the Centre for supply from the Mandla North coal block in the Pench Kanhan coal-mining area. However, a state government’s supplementary recommendation to the JP group watered down the company’s plan to get coal from the Chhindwara mines. “Lanco has asked for coal and environment clearance, and has been given ‘in principle’ sanction for land acquisition and water supply. We hope the f...

BANGALORE: Floriculture company Karuturi Global (formerly Karuturi Networks) is expected to complete the acquisition of a Dutch firm this quarter as it seeks to expand its global distribution network. The acquisition of Florinex, with a top line of $500 million, would provide Karuturi access to wholesale and retail customers across 38 countries. “All I can say is that we are keen to expand our distribution strength and are looking various options,” CMD Karuturi Ramakrishna said when asked about the development. The value of the deal could not be ascertained. Florinex is reported to have a network of cold stores, reefer vans and shop-in-shops in some of the major flower-consuming nations such as Japan, the UK, Ukraine and the Czech Republic. Beefing up its distribution network is crucial for Karuturi, which is also stepping up activities in horticulture. With the acquisition of Kenya-based rose producer Sher Agencies, the company has an annual production capacity of over 600 million ste...

New Delhi: Infrastructure major Lanco today bagged two power projects with a total capacity of 3,300 megawatt, envisaging an investment of 14,000 crore, after outbidding Anil Ambani group's Reliance Power. Other firms like NTPC and Jindal Steel Power were also in the fray for these two projects in Uttar Pradesh. "The group needed to invest around Rs 14,000 crore for developing the two projects in Uttar Pradesh. With the addition of two projects, Lanco would now have a total capacity of around 13,000 MW, covering both operational and those under implementation and development," Lanco Infratech Chairman Lagadapati Madhusudhan Rao said in a release. The projects -- Prayaraj and Sangam -- would generate 1,980 MW and 1,320 MW power respectively, the release stated. The company had bid Rs 2.88 per unit for the Prayaraj project and Rs 2.838 per unit for the Sangam project. Reliance Power was the second-lowest bidder at Rs 2.94 per unit and Rs 3.051 per unit respectively. Uttar P...

Hyderabad, March 31: Suven Life Sciences Ltd has secured product patents in Mexico and Korea for two of its new chemical entities (NCEs). These NCEs are developed for the treatment of disorders associated with neurodegenerative diseases. “We are very pleased by the issue of these patents to Suven for our drug candidates that are being developed for central nervous system disorders which targets an $18 billion potential market opportunity globally,” Mr Venkat Jasti, CEO of Suven, said in a release. The patents, valid until 2023, were the exclusive intellectual property of Suven and had been achieved through the exclusive internal discovery research efforts. Products out of these inventories, which were in pre-clinical development, may be out-licensed at the clinical phase-I or phase-II stage, he added. The granted claims of the patents included the class of selective 5-HT compounds discovered by the Hyderabad-based company, which were being developed as therapeutic agents to be useful i...

Dr D Ramanaidu is given Raghupathi Venkayya Award for the year 2006. The announcement is done today and the date for giving away of award is yet to be announced. Ramanaidu needs no introduction and he is well known as Movie Mughal of AP. He made several films in almost all Indian languages. He started his career with 'Ramudu-Bheemudu' and shot to fame with 'Premanagar'.