Ranbaxy enters pact with Mikart
New Delhi: Ranbaxy Laboratories has joined hands with Atlanta-based Mikart Inc to introduce Midazolam, a drug for central nervous system in the US. The drug -midazolam -is used for curing anxiety and nervous system default.

Ranbaxy has got the approval of US Food and Drug Authority (FDA).

In the US, midazolam has a market of over $200 million. Ranbaxy is confident to notch up a revenue of $12 million in the first year of sales.
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Marrybrown to open outlets in Delhi
New Delhi: Malaysian fast food chain Marrybrown is planning to open outlets in the capital. It will also set up outlets in Coimbatore and Hyderabad.

Marrybrown will also have home-delivery and out-door catering through its outlets in the capital.
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Chambal Fert to bid for NFL stake
Mumbai: Chambal Fertilisers & Chemicals has expressed its intent to bid for 51 per cent equity stake in National Fertilizers.

The CFCL board has recommended to the shareholders for their approval of an investment not exceeding Rs 900 crore for acquiring 51 per cent stake in NFL and other equity shares that may be offered for acquisition.
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Best Western acquires Goa resort
Mumbai: Best Western International has acquired a 185-room resort in Goa, adding to its existing property in India. Resorte Marinha Dourada in Goa has joined the global hotel chain. With the addition of the resort, the companys presence in the country has increased to 23 property.

Globally, Best Western has a network of more than 4,100 hotels in 84 countries.
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Ansaldo to buy out partner's 40% stake
Ahmedabad: Italian infrastructure equipment major Ansaldo Energia is buying out the 40 per cent stake of its Indian joint venture partner, Ansaldo Services Private Limited. Ansaldo Services provides engineering, procurement and construction services to Ansaldo's worldwide projects.
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HFCL arm acquires 28.5 pc in AB Corp
Mumbai: HFCL Trade-Invest Ltd, a subsidiary of Himachal Futuristic Communication Ltd (HFCL), has acquired 28.5 per cent stake in the AB Corp Ltd (ABCL) for Rs 165 crore.

The shares of the unlisted ABCL were acquired by HFCL Trade-Invest from the Ketan Parekh associate company Classic Credit Ltd.

Based on the acquisition cost of 28.5 per cent stake, the total value of ABCL works out to Rs 579 crore.
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Ranbaxy, NIPER sign accord
New Delhi: Ranbaxy Laboratories Ltd and the National Institute of Pharmaceutical Education and Research (NIPER) will launch a collaborative research project on solubility/permeability enhancement studies.

The study will have its application in improving the solubility and permeability of a drug that will help in enhanced safety and efficacy profile of the drug.

The improved solubility/permeability is expected to reduce the dosage in certain cases and thus would also minimise side effects.
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Pizza Hut to set up Taco Bell
New Delhi: Tricon Restaurants International, the promoter of Pizza Hut in the country, is looking at opening its Taco Bell chain of Mexican restaurants in India and other Asian markets.

At present, Tricon Restaurants operates 29 Pizza Hut outlets across 11 cities and a single KFC restaurant, in Bangalore.

The company, which operates as many as 7,111 Taco Bell outlets worldwide, has opened a couple of Mexican specialty restaurants in Singapore and Australia.
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