Eli Lilly plans to launch osteoporosis drug soon
New Delhi: Eli Lilly India plans to introduce its severe osteoporosis treatment drug Forteo in India this year. An application for regulatory approval for the drug, launched in the US in November last year, will be filed within a few weeks.
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VMSRF files patent infringement injunction order against nine firms
Bangalore: The city-based Vittal Mallya Scientific Research Foundation, belonging to the UB Group, has filed a permanent injunction order to restrain three US-based companies and six Indian companies from manufacturing and selling soluble double metal salts of HydroxyCitric Acid from Garcinia rind also known as Malabar tamarind.
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Jindal Strips seeks single window clearance for Orissa steel project
New Delhi: Jindal Strips Ltd is seeking a single window clearance from the Orissa government for its 1.8 million tonne per annum stainless steel project.
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Pathnet to expand operations in India
Hyderabad: Pathnet India (Pvt) Limited, a joint venture company between Gribbles Pathology Laboratory of Australia and Dr Reddy’s Laboratory, is planning to expand its operations in India.
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NTPC’s Orissa Thermal project To be comissioned on February 21
Mumbai: National Thermal Power Corporation’s 500 mw unit of Talcher super thermal project in Orissa will formally be commissioned on February 21 in the presence of Union minister of power Anant Geete and his deputy Jayavantiben Mehta.
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IBM takes the cue from GE & Amex, plans BPO unit
Bangalore: Big Blue IBM is firming up plans to set up a captive BPO (Business Process Outsourcing) division in India, joining global giants such as GE and American Express, who run similar operations in India.
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Telecom licences can be sold now
New Delhi: Telecom licences can now be sold. The Telecom Commission has approved this in principle and the department of telecommunications (DoT) will move a Cabinet note to this effect. Back to News Review index page  

Kinetic may roll out bikes for Hyosung
Pune: Kinetic Engineering Ltd, the leading two-wheeler manufacturer, is in talks with its technology collaborator Hyosung Motors, Korea to produce two-wheelers on behalf of the latter to be sold in Korea and other countries under the Hyosung brand.
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ITC travel arm eyes big pie in car rental biz
Kolkata: ITC is buying a few latest Mercs and also a fleet of Opel, Ford, Honda, Lancer and Esteem. With 32 glamorous buys scheduled by April this year, ITC group company International Travel House Limited (ITHL) is working on strategies to grab the biggest pie in the domestic car rental business and also position itself as a global travel management company.
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LNM group closes in on steel crown
New Delhi: The Lakshmi N Mittal-controlled LNM Group is fast catching up with the world's largest steel group, Arcelor, after racing ahead of JFE, Posco and Nippon Steel to become the second-largest steel maker in the world.
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After banks & FIs, Ispat tries to make peace with Sebi
New Delhi: After making peace with banks and financial institutions, Ispat Industries is now trying to meet Sebi norms. The PK Mittal promoted steel company has recently inducted a new director on its board, in a bid to meet Sebi norms on corporate governance.
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Orchid to transfer Tata Infomedia stake to parent
Mumbai: Tata Sons subsidiary Orchid Print India will transfer its stake in publishing company Tata Infomedia to its parent. This transfer of stake, which does not involve any change in control, will take place as Tata Consultancy Services (TCS), a division of Tata Sons, will soon be merged into Orchid
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Hero Honda to up product spend
New Delhi: In an attempt to take on competition from relative newbikes to the bike party like Bajaj and TVS, motorcycle market leader Hero Honda is planning to increase its product spend next fiscal by 30 per cent from Rs 85 crore this year to Rs 110 crore in '03-04.
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Vivaldi to be sold under Proline brand
Mumbai: Bombay Dyeing has decided to overhaul its wardrobe. It is in the process of re-vamping and consolidating its entire apparel business under Proline India, in which it recently bought a major stake.
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120 cos to participate in Cidex trade shows
Hyderabad: Cidex Trade Fairs,the joint venture between Messe Dusseldorf and KolnMesse International, is holding three international trade shows of Tube India International, Sheet Metal India and International Welding Symposium from February 21 to 23 in the city.
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Belgian solid tyre major scouting for space
Kolkata: The Belgium headquartered Solideal, counted among the global players in design and manufacture of a complete range of heavy-duty industrial pneumatic tyres, mainly for forklift operations, is looking for distributors in India for the company's exclusive range of products.
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Shriram group forays into education sector
Chennai: Chennai-based Shriram group has set up a company called Shriram Centre for Learning Pvt Ltd, which marks the group's first commercial foray into education.
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Daewoo net worth erodes 90 per cent — AGM on February 25 to appoint new auditors
Hyderabad: Daewoo Motors India Ltd (DMIL), a subsidiary of Daewoo Corporation of Korea, has suffered an erosion of more than 90 per cent in its net worth for the fiscal year ended March 31, 2002. For the last fiscal, its accumulated losses stood at Rs 715.72 crore on the net worth of Rs 792.78 crore, accounting for an erosion of 90.3 per cent.
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Kinetic earmarks Rs 4 cr for promos — To push special Boss variant
Pune: Kinetic Engineering Ltd has earmarked Rs 4 crore for promos and advertisements that are aimed at selling 5,000 units of a special variant of the `Boss' motorcycle within the next two months.
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