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Dunlop
to take up conversion jobs for other tyre majors
Dunlop India Ltd (DIL) is gearing up to play a major role
as converter of tyres for other established tyre companies.
The conversion job is being taken up to ensure existing
installed production facilities at DIL's two factories
will do more work.
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Novo
Nordisk too cuts prices
Novo Nordisk has reduced the price of human insulin by
almost 25 per cent for human insulin vials filled in India,
according to Dr Anil Kapur, Managing Director and Vice-President
(International Operations), Novo Nordisk India Private
Ltd.
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Eli
Lilly slashes price of human insulin
ElI Lilly and Company (India) Pvt Ltd has slashed prices
of its human insulin brand — Huminsulin. After the
price reduction, a 10-ml human insulin vial will cost
Rs 145 against the earlier price of Rs 218, the company
today said.
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Reliance
Infocomm alerts customers
Reliance Infocomm has cautioned subscribers and customers
not to make any payments in cash or cheque to anyone except
authorised `Point of Sales Agents' and `Dhirubhai Ambani
Entrepreneurs'.
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Dr
Reddy's ships generic Ibuprofen to
America
Dr Reddy's Laboratories Ltd, the Hyderabad-based pharmaceuticals
major has announced that it has commenced shipment of
prescription Ibuprofen tablets in the dosages of 400mg,
600mg and 800mg to the US market.
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Accounting
norms for ESOPs by mid-Feb
The Institute of Chartered Accountants of India (ICAI)
hopes to lay down comprehensive accounting norms for Employee
Stock Option Schemes (ESOPs) by mid-February.
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Auditors
`qualify' Siris accounts
The statutory auditors of Siris Ltd, the Hyderabad-based
ailing pharmaceutical company, have qualified the accounts
of the company for the year ended March 31, 2002.
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Readers
Digest sale stuck over royalty
Royalty payment to the US parent is believed to be the
main issue holding up the Tatas' plan to sell the Indian
Reader's Digest to the Living Media group. Indian Reader's
Digest is published by RDI Print & Publishing Ltd.
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Accountability
must be built into corporate governance: Viren Shah
Creating wealth and maintaining a free and just society
are essentially two sides of the same coin. Both require
broad-based systems of accountability that need to be
built into the governance structures of corporations,
according to industrialist Viren J. Shah.
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Alind
units put up for sale
The process for sale of the various divisions of the ailing
Aluminium Industries Ltd (Alind) has been set in motion
with tenders being floated inviting bids for take-over
of the company's Relays Division and the Switchgear Division.
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SAIL
output up 7 per cent in April-Dec
Steel Authority of India Ltd (SAIL) produced 7.34 million
tonnes of saleable steel, a growth of 7 per cent during
April-December 2002 over the corresponding period last
year, according to a company release.
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Nicholas
Piramal launches new anti-allergic drug
Nicholas Piramal India Ltd (NPIL) plans to launch 10 new
products through its newly-formed respiratory division,
ACTIS. The company, which recently acquired Rhone-Poulenc,
expects a revenue worth Rs 325-330 crore through ACTIS.
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DD
Sen quits Reliance to join Dutch company Petroplus
One of Reliance's key crude oil sourcing people, DD Sen,
has quit the company for greener pastures. Sen, who as
senior vice-president (supply and trading) was largely
responsible for setting up the desk that sources crude
worth roughly $5bn every year, is joining Dutch oil company
Petroplus. He will head their crude oil sourcing out of
Dubai.
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Shreya
Life seen in talks to buy Plethico Pharma
Drugmaker Shreya Life Sciences is said to be in talks
with Plethico Pharmaceuticals for a deal involving the
purchase of a whole or part of Plethico's business. The
Rs 135-crore Shreya acquired Tata group firm Rallis India's
pharma business in '01 to foray into the Rs 17,000 crore
Indian pharmaceutical market.
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State
online lottery offers Rs 50-cr jackpot
E-cool Gaming Solutions, an Essel group company, in association
with the Maharashtra government, on Friday launched the
country's biggest online lottery game with a prize money
of Rs 50 crore in an effort to expand its lotteries business.
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Lacoste
plans to become 'friendlier'
The famed French apparel brand, Lacoste, is revamping
its Indian operations. The company is looking at significant
investments to make the brand more accessible to the Indian
consumer and cultivate a friendlier image for Lacoste.
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LG
to launch low-priced audio systems
LG Electronics India (LGEIL) is planning to market low-end
audio products in the country to get a better grip of
the market after its high-end products failed to make
much headway.
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DRL
passes purity test on Grastim
In what could be a second-coming for Dr Reddy's Labs,
the final report of the Ganguly Committee, set up to look
into the allegations of efficacy and purity of Dr Reddy's
DNA biotech drug Grastim, has said that the purity profile
of DRL's drug is “almost similar” to Swiss major
Roche's Neopogen (Filgrastim), marketed in India exclusively
by Nicholas Piramal India.
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Non-tech
companies stir up Chennai realty market
Chennai's commercial property scene is looking up. The
metro is set to witness slew of major deals soon involving
leading corporates like Reliance, Ashok Leyland, Hyundai
Motor, ICICI, HSBC and Philips. These are in addition
to deals being finalised between the Binny, Kalpathi and
Reddy families.
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