Business Fwire News - Page 15

Lupin to launch 15 new drug in US by next year

Indian drugmaker Lupin plans to launch at least 15 new generic products in the United States in the current fiscal year ending March 2013

PNB to hire 8,000 people this year

Punjab National Bank today said it will recruit about 6,000 to 8,000 personnel each year for the next few years and open 500 branches across the country in the current year.

Adani Power reports Rs 225 cr loss in Q2

Adani Power today reported a loss of Rs 225 crore for the quarter ended September 30, 2012, on account of rise in imported coal prices.

ING Vysya Q2 net up 30% to Rs 150 cr

Private lender ING Vysya Bank has posted a 30 percent rise in net profit to Rs 150.2 crore in the second quarter of current financial year on the back of sound growth in core income.

Aditya Birla PE to invest Rs 50 cr in Olive Bar & Kitchen

Aditya Birla Private Equity, a part of the Aditya Birla Financial Services Group, today said it has invested in the hospitality firm Olive Bar & Kitchen.

Tata Comm ropes in Rangu Salgame for growth ventures

Tata Communications today appointed Rangu Salgame as chief executive, growth ventures. Salgame was earlier associated with Cisco Systems, Verizon Communications and PwC.

TAM suspends audience measurement reports for 2 months

As the govt pushes towards digitisation of cable services in the four metros, rating agency TAM will suspend bringing out its audience measurement reports for two months fearing that discrepancies could creep in its data during the switchover to digital.

Suspended Ford India worker commits suicide

: Depressed and unable to bear the suspense over his future, a 30-year-old suspended employee of Ford India car company committed suicide by consuming poison in Tamil Nadu

Iata welcomes abolition of airport development fee

At present, ADF is charged at the rate of Rs 200 per domestic and Rs 1,300 per international passenger at Delhi Airport and Rs 100 and Rs 600 respectively at Mumbai.

Lupin gets USFDA approval for hypertension pills

Pharma major Lupin Wednesday said it has got approval from the US Food and Drugs Administration (FDA) to market generic versions of Sanofi Aventis' Avapro tablets, prescribed in the treatment of hypertension and nephropathy in Type-II diabetis.

TDSAT sets aside Qualcomm's plea

Telecom tribunal TDSAT today set aside US-based Qualcomm's plea opposing reduction in the validity of licence period for the wireless broadband spectrum allotted to the company and changes in the service roll-out obligations.

Royal Enfield eyes overseas markets

Premium motorcycle manufacturer Royal Enfield, a part of Eicher Motors, is looking to expand its overseas presence on the back its recent launch the 'Thunderbird 500cc', a top official said today.

Need to encourage competition in public procurement: CCI chief

Competition Commission Chairman Ashok Chawla today emphasised on the need to encourage competitive practices as well as transparency in public procurement activities.

Dr Reddy's expands operations in UK

Pharma major Dr Reddy's Laboratories (DRL) today said it has expanded its manufacturing operations in the United Kingdom.

'US economy would prevail over Chinese model'

"Despite cheaper labour abroad, currency manipulation, intellectual property theft, and subsidies to foreign competitors, these American manufacturers are winning," writes Khanna in his book.

OIL, IOC buy 30% stake in US firm Carrizo for $82.5 mn

State-owned Oil India Ltd (OIL) and Indian Oil Corp (IOC) today announced the acquisition of 30 percent stake in US firm Carrizo Oil and Gas Inc's shale gas assets in Colorado for $82.5 million (about Rs 428 crore).

BSNL data shows Chennai still wants landlines

BSNL's Chennai Circle has witnessed growth in landline connections in contrast to the trends in other circles, a senior official said on Wednesday.

RBNL forays US market with Big Magic International channel

Reliance Broadcast Network (RBNL) today said it has forayed into the US market with the launch of its channel Big Magic International in the country.

Green IT spendings to reach $ 70bn by 2015, says Gartner

With green IT and sustainability emerging as key concerns for businesses across industries and policymakers, the country's spendings on these initiatives would reach $70 billion by 2015, a recent survey said.

Dubai gives Air India's Dreamliner water canon salute

The aircraft would ultimately become the mainstay of Air India's global operations and is key to its turnaround plan.

Industry bodies favour criminalising corruption in private sector

The country's industry bodies have supported a proposed law to criminalise private sector bribery saying such an attempt would help in checking corruption.

India slips to 7th spot in coffee production in world

Even as India remains upbeat on surging demand for its coffee beans in the global market, its planters have reasons to worry as their share in the world production slipped to seventh position in 2011-12.<br /><br />

French agency to train air crash investigators

The Civil Aviation Ministry has joined hands with Bureau d' Enquetes et d' Analysis (BEA) of France to develop skills of Indian air crash investigators for making their probe methodology more credible and world class.

Hyundai Motor India sales drop 7.3% in September

The country's second-largest car maker Hyundai Motor India Ltd (HMIL) today reported 7.3 percent decline in total sales at 53,558 units in September.

M&M sales up by 10% in September

Auto major Mahindra & Mahindra reported 10 percent increase in total sales at 48,342 units in September.

Future Group to invest Rs 2500 crore in Madhya Pradesh

Future Group plans to invest Rs 2500 crore in food processing infrastructure development in Madhya Pradesh, official sources said today.

Venture capital firm Kalaari Capital closes $150 mn fund

Venture capital firm Kalaari Capital today said it has closed a $150 million fund, which will be invested in areas like software products and services, e-commerce, mobile and telecom services, education and healthcare.

Mah Satyam to invest Rs 800 cr on raising campus capacity

IT services firm Mahindra Satyam today said it has earmarked Rs 800 crore for creating additional capacity of 15,000 seats at its campuses over the next two years.

Aurobindo Pharma gets US nod for sleep disorder drug

The product is generic equivalent of Cephalon Inc's Provigil tablets and is ready for launch, it added. <br /><br />