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Ranbaxy receives US FDA approval for diabetes drug
New Delhi: Ranbaxy Laboratories has received approval from the US Food and Drug Administration to manufacture and market multiple dosages of diabetes drug Glimepiride tablets in 1mg, 2mg, 3mg, 4mg, 6mg and 8mg doses.

The drug is indicated as an adjunct to diet and exercise to lower the blood glucose in patients with non insulin-dependent (Type II) diabetes mellitus whose hyperglycemia cannot be controlled by diet and exercise alone.

The office of generic drugs, US FDA has determined the company's formulations to be bio-equivalent and have the same therapeutic effect as that of the reference listed drug Amaryl tablets, a registered trademark of Aventis Pharmaceuticals Inc.

The company said it planned to launch Glimepiride immediately and make concerted effort to reach key buyers as quickly as possible.
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KEC International bags $36-million order from Afghanistan
Mumbai: KEC International has bagged two new orders worth $36 million from the ministry for energy and water, government of Afghanistan.

The contract is for the construction of 220kv double-circuit transmission lines from Hairatan to Naibabad to Mazar-I-Sharif covering a distance of 16km and Naibabad to Pul-E-Khumri a distance of 165km.

The project is being funded by the Asian Development Bank, for the transmission lines are being constructed to import power from Turkmenistan for Kabul city, according to the company.
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Daewoo to go ahead with small car; may consider Gujarat plant
New Dellhi: General Motors India said it is determined to bring its small car to India even though it was not able to use the Surajpur plant in UP.

The company now plans to explore other options for its mini car project. It is planning to focus on on optimising on its facility at Halol, Gujarat and also explore other options.

Even though the long drawn process of bidding for the Surajpur plant has delayed the launch of GM's small car in India, the company plans to bring the mini car to India as soon as possible.
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Intel begins trials on internet over power lines
Bangalore: Intel Corporation is planning to start user trials of the internet over power lines technology in India in next few months. Most of the technical problems in delivering internet connectivity over the electric power lines have been solved by the company.

The company says it will link up with its India team in the next eight weeks to begin the trials of the technology.

He said that till date the trials of the 'Home Plug Technology' have been confined to the US and it would expand to other geographies including India.

If the technology proves itself in Indian environment, it would go a long way in addressing the goal of taking connectivity to remotest of areas in the country.

Apart from Intel, other partners in the home plug powerline alliance are Cisco, Comsat, General Electric, Sony and Sharp.

Though the concept of internet over power lines existed for over a decade there were practical difficulties in the way of its implementation which have been now addressed.
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Bharti, VSNL, Rel Info deny allegation of cartel
New Delhi: India's top three private telecom players, Bharti, Reliance Infocomm and VSNL have said that their demand for a level-playing field should not be construed as opposition to new entrants.

A day after communication minister, Dayanidhi Maran accused them forming a cartel, these companies asserted that they were in competition with each other in the market place.

In a joint communication to the government, Reliance Infocomm, AirTel and VSNL have said that "their representations were restricted to the premise of level playing field and no worse off for the existing operators, the principle well recognised and supported by t he government in the past."
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Ashok Leyland Sept sales up 27 per cent
New Delhi: Ashok Leyland has reported a 27.2 per cent growth in total vehicle sales in September 2005.

According to the company, total vehicle sales were at 5,875 units in September as against 4,617 units in September 2004.

While domestic sales were up 26.6 per cent at 5,284 units as against 4,173 units, exports moved up 33.1 per cent to 591 units from 444 units in September 2004.

Cumulative sales between April-September was up 19.6 per cent at 28,215 units in September. said.
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Bharti's September sales figure pushes up stock price
New Delhi: Bharti TeleVentures says that it has added 654,205 mobile users in September, its highest ever monthly addition, boosting its shares in a weak market on Friday.

An official at the Cellular Operators' Association, which represents nine carriers offering services based on the GSM communication platform, said Bharti's wireless user base stood at 14.067 million customers.

Shares of Bharti rose 2.73 per cent compared with a 0.5 per cent fall on the Bombay Stock Exchange index.

Overall, 1.959 million customers signed up for GSM-based mobile services in September, taking their user base to 50.873 million subscribers, the official said.

State-run Bharat Sanchar Nigam, the number two ranked GSM carrier, added 582,129 customers, taking its user base to 11.901 million customers.

Hutchison Essar Telecom Ltd., the Indian wireless operation of Hong Kong's Hutchison Telecommunications International Ltd., added 412,833 customers in September, boosting its user base to 9.708 million customers.

Last month, Hutchison Essar spent $1.16 billion to buy out three Indian mobile services firms in a bid to strengthen its network in the fast expanding market.
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Blaupunkt to have 30 brand shops in India by 2006-end
Chennai: Automobile audio systems maker Blaupunkt, a part of Germany's Bosch Group, has opened its seventh 'brand shop' in India here. It also said it planned to have a total of 30 such shops across India by the end of 2006.

Blaupunkt, is aiming to increase its share of the organised car audio market in India, besides increasing its 'brand recall' through the network of brand shops.

The company currently has about 21 per cent share of the Rs240-crore organised car audio systems market in India.

The company feels that despite the fact that it sales have increased in India from a nominal Rs3 crore in 1997 to about Rs50 crore at present, the brand recall among customers is still on the lower side and it makes sense to open more brand shops.

The brand shop will stock the complete range of Blaupunkt 'in car' entertainment systems such as head units (entry, mid and high end), speakers, amplifiers and other accessories.
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