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Morepen
Labs gets patent for cholesterol drug
New Delhi: Morepen Labs has received approval for
the international patent of a new crystalline form (VI)
of Atorvastatin, a cholesterol-lowering drug. Atorvastatin
is the largest selling drug in the world, with a market
size of $10 billion.
This is the second international patent for Atorvastatin
and Morepen received the world patent for the amorphous
form last year. The company is also filing abbreviated
new drug applications (ANDA) for both these molecules
and expects them to fetch a business of approximately
$250 million in the next 10 years.
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Banswara
Syntex to pay dividend
Mumbai: Banswara Syntex Ltd has informed the Bombay
Stock Exchange that the board has recommended a dividend
of Rs 1.20 per equity share for the year ended March 31,
2004.
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BS
Refrigerators to shut down plant
Bangalore: BPL has decided to shut down its refrigerator
plant with the group company, BS Refrigerators Ltd, applying
for closure of the factory under the provision of Industrial
Disputes Act.
The
company has cited working capital constraints as the reason
behind the move to close the plant located at Whitefield
in the outskirts of Bangalore. Sanction for the closure
has to be accorded by the Labour Department, Government
of Karnakata and the same is awaited, the company said
in a statement to BSE.
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Bharti
and Nokia in network management tie-up
Mumbai: Bharti Tele-Ventures and Nokia have announced
a $275-million 'MEGA Networks' initiative to build and
manage networks that would boost the quality of service
offered by the leading Indian cellular service provider.
As part of the initiative and a three-year service contract,
Nokia would provide quality assurance to AirTel networks
in Mumbai, Maharashtra (including Goa) and Gujarat and
the two new circles of Bihar (including Jharkhand) and
Orissa.
The initiative is expected to result in providing congestion-free
networks with seamless coverage and enhanced quality in
over 550 towns and cities across the five circles. Nokia
will also deploy its network optimisation tools such as
Nokia NetAct, a multi-vendor and multi-technology operations
support system on a single platform. In addition, Nokia
would also provide spare part management service for multi-vendor
hardware. The agreement is on the basis of 'capacity on
demand' and 'pay as you grow'. The agreement also provisions
for taking over of close to 100 Bharti employees by Nokia.
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Kale Consultants face dip in revenues
Mumbai: The Pune-based Kale Consultants Ltd has
posted a 5.1 per cent dip in revenues for the year ended
March 31, 2004.
The total revenues have dipped to Rs 48.1 crore for the
2003-04 fiscal compared to Rs 50.7 crore the previous
year. The company has reported a net profit of Rs 3.16
crore against Rs 3.14 crore last year. On future outlook,
the company said that it would focus on consolidating
its position in the travel and aviation sector while "actively
looking at other areas to cross-sell its products".
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HP's
server technology innovation raises work capacity
Bangalore: Hewlett Packard has claimed that it
has achieved a breakthrough innovation in its standards-based
server portfolio by including new features in system design
to increase the workload capacity and cut costs for HP
Integrity server customers.
This new design has been achieved with a new dual processor
module called mx2. This processor module features two
industry-standard Intel Itanium 2 processors on a single
module that can plug into existing systems, delivering
up to 35 per cent lower acquisition costs than similar
IBM systems.
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OSS
to launch Texas Digital products
Bangalore: The Bangalore-based OSS Technologies,
an IT infrastructure consultancy, integration and services
company, has struck a strategic partnership with Texas
Digital System (TDS), an industry leader in visual messaging,
to launch all of its products in the Indian market. OSS
has launched QuickCom Enterprise systems, the latest in
real-time, network attached LED display technology developed
by TDS in India.
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Infinera
plans advanced telecom lab
Bangalore: Infinera, a provider of telecommunications
systems based on breakthrough photonic integration technology,
has announced its expansion plans in India to include
software development and an advanced telecom lab. Infinera
currently has a product development centre in Bangalore,
which performs a strategically critical role in overall
product development.
The company's headcount is expected to reach 90 engineers
by the year-end. Infinera recently announced two key technology
breakthroughs: the first large-scale Photonic Integrated
Circuits, and the first Digital Optical Networking System,
the Infinera DTN. The Indian team contributed significantly
towards the development of breakthrough technology.
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Color
Chips to have subsidiary in Philippines
Hyderabad: Color Chips has informed the BSE that
its board of directors has resolved to open a wholly owned
subsidiary in Philippines. This subsidiary is being established
to locate an overseas production centre to augment its
current development and production capacity for entertainment
software. The board also resolved to make a formal application
to the Reserve Bank of India (RBI) in this regard. During
the last four quarters, the company has bagged several
overseas contracts.
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Intoto
D-Link in security solutions linkup
Hyderabad: Intoto Inc., a provider of security
software, has announced a partnership with D-Link India
to offer its intrusion prevention products based on Intoto's
IntruPro solution to the enterprise segment. As a result
of the collaboration, D-Link India will offer IPS security
appliances optimised for India and suitable for both SME
(small and medium enterprise) and enterprise customers.
Intoto demonstrated the IntruPro IPS solution integrated
in a D-Link India designed hardware platform last week
at the Networld+Interop show in Las Vegas, according to
a company release.
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Gillette
unveils power toothbrush
Chennai: Gillette India Ltd launched a battery-powered
toothbrush, Cross Action Power, in the marketson Tuesday.
The toothbrush market in India is estimated at Rs 500
crore, of which one per cent is under the power brush
category. According to the company, in developed countries
power brushes account for about 35 per cent.
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