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DRL
wins dispute on generic Norvasc sale
Hyderabad: Dr Reddy's Laboratories said on Wednesday
it won a patent dispute in a US court, paving the way
to market a modified version of Pfizer's blockbuster hypertension
drug Norvasc.
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Max
Healthcare bags Rs 98-crore ADB loan
Mumbai: Max Healthcare Institute Limited was sanctioned
the first ever private sector healthcare loan of $ 20
million (Rs 98 crore) by the Asian Development Bank on
Tuesday. This loan will support Max Healthcare’s
vision of creating an integrated healthcare system in
India.
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Reference
date for Bajaj Auto valuation holds key to talks
Mumbai: The reference date for the valuation of
Bajaj Auto may play a crucial role in the negotiations
between the two factions in the Bajaj family.
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Ranbaxy
Labs to receive CiproR royalty
New Delhi: Ranbaxy Laboratories Ltd will soon start
receiving royalties on sales of CiproR XR 500 mg tablets
after the US Food and Drug Administration approved Bayer’s
antibiotic product CiproR XR.
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Ford
plans to pep up Ikon, hike prices
Mumbai: To add some fizz to the domestic sales
of Ikon, Ford has decided to inject extra josh into the
mid-size car with new colours, interiors and feature options
in its '03 models.
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Steel
majors to complete revamp by Jan
New Delhi: The restructuring of the three private
steel companies Essar Steel, Jindal Vijaynagar (JVSL)
and Ispat Industries is likely to be completed by the
end of January.
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Idea
Cellular to place $100m quasi-equity
Mumbai: Idea Cellular is making a quasi-equity
issue of $100m (Rs 480 crore) through the issue of 10-year
preference shares with a put and call option at the end
of three years.
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Shapoorji
leases out 40 per cent of AP biotech park
Mumbai: Shapoorji Pallonji Biotech Park in Hyderabad
has marketed about 40% of phase I of the project by entering
into agreements with seven biotechnology manufacturers.
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Italian
retail chain, church to create jobs for women in Kerala
New Delhi: In a unique two-way partnership, a Franciscan
order and a retail chain, both of Italian origin, are
joining hands to set up an apparel unit in Kerala.
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Zensar
Tech acquires Suntech for foray into BPO space
Pune: Software service company Zensar Technologies
has acquired 50 per cent stake in Lalit Ahuja's Suntech
Data Systems in an attempt to get a foothold in the lucrative
business process outsourcing business.
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MoF
asks ONGC to get PIB okay for MRPL deal
New Delhi: The ministry of finance has thrown the
rule book at the Oil and Natural Gas Commission (ONGC)
on the take-over of the 37.5 per cent Aditya Birla stake
in MRPL (Mangalore Refineries and Petrochemicals), insisting
that the proposal be whetted by the public investment
board (PIB).
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HCL
arms plan closer ties to exploit synergies
Mumbai: The boards of the Shiv Nadar-promoted software
services company HCL Technologies and hardware and system
integration company HCL Infosystems may consider closer
co-ordination and integration between the two companies
when they meet on Wednesday.
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Indian
Oil plans to tap S-E Asian markets
New Delhi: Indian Oil Corporation plans to introduce
its products in the South-East Asian markets, including
Thailand and the Philippines, after ``stabilising'' in
Malaysia, according to a senior company official.
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Polaris
says dispute is commercial, not criminal
Chennai: Polaris officials claim that the dispute
between Polaris and its Indonesian customer, Bank Artha
Graha, is commercial and that there is no criminal offence
involved. The company has appointed Lucas Partners, an
international law firm, as its legal representatives in
Indonesia to secure the release of the prisoners.
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NFCL
bags environment award
Chennai: Nagarjuna Fertilisers & Chemicals
Ltd (NFCL), Kakinada, the flagship company of the Nagarjuna
Group, has bagged the Environment Protection Award in
the nitrogenous fertiliser plants category for the year
2001-02.
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Pepsi
plans foray into bulk water segment
New Delhi: As if the battle over market shares
in the retail packaged water segment was not enough, the
stage seems set to shift to the bulk water segment.
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Cos
Bill aims at reviving sick units
New Delhi: Parliament on Tuesday approved the Companies
(Amendment) Bill, 2002. The Rajya Sabha gave its nod to
the Bill, which aims at integrating the procedure relating
to restructuring and winding up of companies.
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BIFR
pulls up Montari Leather for violating SICA provisions
New Delhi: The Board for Industrial and Financial
Reconstruction (BIFR) while confirming its prima facie
opinion of winding up Montari Leather Ltd (MLL) has pulled
up its promoters for misusing the provisions of Sick Industrial
Companies Act, 1985.
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Wipro
sees energy practice chipping in 30 per cent to enterprise
Bangalore: The energy and utilities division is
likely to contribute close to 30 per cent of revenues
to the enterprise solutions business of software major
Wipro Ltd in the current financial year, the President-Enterprise
Solutions, Sudip Banerjee, said here.
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JK
sees China as global base for tyre exports
New Delhi: JK Industries Ltd (JKI), manufacturer
of JK Tyres, plans to cash in on the opportunities thrown
up by China on a multi-fold basis. JKI sees China emerging
as a major sourcing base for truck tyres in the coming
years.
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BPL
home gadgets biz sees higher sales this season
Kolkata: The Home Appliances Business Group (HABG)
of BPL Ltd has recorded a volume growth of 92 per cent
year-to-date for the current financial year (2002-2003)
of around 1.25 lakh appliances, according to a press release.
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M&M
unveils Bolero Sportz
Mumbai: Mahindra and Mahindra Ltd (M&M) introduced
its latest multi-utility vehicle - Bolero Sportz - in
the Kerala market on Tuesday.
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