Merz Pharma to launch drug for Alzheimer's dementia
ONCE the product patent regime is in place, Germany's Merz Pharmaceuticals GmbH is planning to increase its presence in India by launching new products. And on the horizon is a drug used for treating moderate to severe Alzheimer's ...
BHEL to pay 35 pc interim
NEW DELHI: Bharat Heavy Electricals Ltd has declared an all-time high interim dividend of 35 per cent for fiscal 2004-05 as against 30 per cent interim dividend last year. The full dividend payout last fiscal stood at 60 per cent, ...
Lodha caveat: Hearing on Tapuria plea begins
THE hearing of an application filed by Mr K.N. Tapuria seeking discharge of the caveat filed by Mr R.S. Lodha in the 1982 will of the late M.P. Birla and the late Priyamvada Birla began in the Calcutta High Court on Wednesday. Mr S. Sarkar, ...
Ranbaxy gets FDA nod for anti-depressant
RANBAXY Laboratories Ltd has received approval from the US Food and Drug Administration (FDA) to manufacture and market Fluoxetine 40 mg capsules used for treating depressions. Ranbaxy's formulation was found to be bioequivalent and has the ...
Haldia Petrochemicals IPO likely in Feb
THE proposed initial public offer (IPO) of Haldia Petrochemicals Ltd has been delayed by over a month. Instead of December, the issue is likely to hit the market some time in February. According to a senior official of Haldia Petrochemicals, ...
Ministry to notify panel accounting norms by March 31
THE Centre hopes to notify the accounting standards recommended by the National Advisory Committee on Accounting Standards (NACAS) before the end of the current financial year. "The Law Ministry is currently examining the recommendations of the ...
Britannia management gets a facelift
THE Britannia Industries Chairman, Mr Nusli Wadia, and the new Chief Executive Officer, Ms Vinita Bali, are imparting a facelift to the company's top management. The company, with interests in the domestic bakery and dairy businesses, has ...
GlaxoSmithKline contests patent plea rejection before HC
GLAXOSMITHKLINE plc, the pharmaceuticals major, on Wednesday moved an application before Mr Justice Pinaki Chandra Ghose of the Calcutta High Court, contesting the refusal of a patent application by the office of the Controller of Patents & ...
MERGERS & ACQUISITIONS
IOC to buy 50% stake in Iranian gas block
INDIAN Oil Corporation Ltd has said that it has committed a $1-billion investment to buy 50 per cent equity stake in a 9-million tonne Iranian liquefied natural gas (LNG) block. IOC, which will ally with Oil India Ltd for investing in the ...
Sun Pharma looking at acquisition in US
Sun Pharma has invested about Rs 60 crore in infrastructure and equipment in the R&D centre , a company official said. An additional Rs 50-crore worth of equipment had also been shifted to the new research centre
Sundram Fasteners to set up tool room, machining facility
SUNDRAM Fasteners Ltd (SFL) proposes to spend about Rs 7 crore next year in setting up a new tool room and a machining facility. But the investments will be done in its new subsidiaries, Upasana Engineering Ltd and Upasana Components Ltd. Both ...
CCEA clears Rs 1,000-cr package for ITI
THE Cabinet Committee on Economic Affairs (CCEA) on Wednesday approved a Rs 1,001-crore revival package for Bangalore-based Indian Telephones Industry (ITI) Ltd. According to the plan, the government will provide Rs 601.53-crore interest free ...
Bestavision fails to get shelter under BIFR
The BIFR Bench was informed that the Possession Notice was issued and possession of the property was taken in exercise of powers conferred under Securitisation Act on September 18.
Spat may hit Reliance's strategic direction: S&P
THE ongoing spat between Reliance Industries Chairman, Mr Mukesh Ambani, and Vice-Chairman, Mr Anil Ambani, could affect the group's strategic direction, according to international credit rating agency Standard & Poor's. The differences could .
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