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Wednesday, April 16, 2008
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Pratibha underpins bilateral trade with Brazil
Ranbaxy settles patent dispute
NEW DELHI: Ranbaxy Laboratories on Tuesday said it had settled a patent litigation withAstraZeneca over ulcer drug Nexium, which would allow it to launch its generic version in the U.S. by 2014. Besides settling the patent litigation, Ranbaxy ...
ArcelorMittal’s new independent director
NEW DELHI: The board of directors of ArcelorMittal on Tuesday announced that Lewis B. Kaden had been nominated to take up the newly established role of Lead Independent Director. ...
Interim wage hike for coal workers
KOLKATA: Coal India Ltd and its eight subsidiaries will have to provide for about Rs. 1,000 crore as payment of interim wages and arrears to its workers on account of the eighth round of the National Coal Wage Agreement (NCWA). Companies which ...
L&T bags major order from Bombay Dyeing
MUMBAI: Larsen & Toubro on Tuesday said it has secured a Rs. 2,000-crore order from the Wadia Group flagship firm Bombay Dyeing for construction related works at its Mumbai-based complexes, the company said in a filing to the Bombay Stock ...
Bajaj Allianz ties up with SKS Microfinance
CHENNAI: Bajaj Allianz Life Insurance and SKS Microfinance have joined hands to launch Swayam Shakti Suraksha, a group insurance product for micro finance organisations. According to a release, the product allows the beneficiary to make ...
ECIL posts Rs. 1,014 crore turnover
HYDERABAD: Electronics Corporation of India Ltd. (ECIL) posted a revenue of Rs. 1,014 crore in the last financial year with a profit before tax of Rs. 160 crore. The public sector unit is targeting a revenue of Rs. 1,500 crore in 2008-09 and ...
Morgan Stanley ups stake in Reliance Energy
MUMBAI: Foreign fund house Morgan Stanley has increased its stake in Anil Ambani group firm Reliance Energy to over 5 per cent for about Rs. 53.10 crore, Reliance Energy said in a disclosure to the ...
Kotak Mahindra Bank launches credit cards
MUMBAI: Kotak Mahindra Bank on Tuesday launched credit cards for its customers. The bank plans to issue 15 lakh credit cards in the next three years and has identified salaried and self-employed youths as primary targets in the segment, Kotak ...
Stanchart AMC reopens Premier Equity Fund
CHENNAI: Standard Chartered Premier Equity Fund launched in September 2005 has now re-opened for subscription through lumpsum investment as well as systematic investment plan. The fund, opened for subscription on April 15, will close after ...
Sify to raise $57 m capital
CHENNAI: Sify Technologies has entered into a subscription agreement with Infinity Satcom Universal Private Limited, an Indian entity, to sell 12.82 million Indian equity shares of the company to it at a purchase price of $4.46 per share. The ...
CCS Infotech bags fresh orders
CHENNAI: CCS Infotech has bagged orders from various government and educational institutions. The company will supply and maintain PCs, high-end servers and laptops to these institutions. — Corporate ...
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