CORPORATE
ANNOUNCEMENTS
Glenmark ends drug deal with Merck
Regains global rights on diabetes molecule
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GSK Pharma launches two new vaccines
Mumbai, Feb. 1 GlaxoSmithKline Pharmaceuticals Ltd (GSK) has brought into the country Boostrix and Infanrix, two of its new innovative vaccines indicated for Diphtheria, Tetanus and acellular Pertussis (DTP). Unlike traditional ...
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CORPORATE DISPUTES
TVS, Bajaj patent hearing continues
Chennai, Feb. 1 Hearing on the intellectual property row between TVS Motor Company and Bajaj Auto over the use of digital twin spark plug engine technology entered the fourth day on Friday with counsel of both the companies putting forth their ...
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OVERSEAS BORROWINGS
$7.7 b raised via FCCBs in 2007, despite curbs
New Delhi, Feb. 1 Curbs on overseas borrowings notwithstanding, Indian companies ended up raising $7.72 billion in the form of Foreign Currency Convertible Bonds (FCCBs) in 2007, more than 43 per cent higher than the previous ...
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CREDIT RATING
Moody’s puts Tata Chem on watch
Moody’s Investors Service has placed the ‘Baa3’ foreign currency issuer rating of Tata Chemicals Ltd on review for possible downgrade. The rating action follows the company’s announcement that it has entered into ...
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MERGERS & ACQUISITIONS
Technopak ties up with Vertebrand
Bangalore, Feb. 1 Delhi-based management consulting organisation Technopak Advisors has picked up a “significant” equity stake in Bangalore-headquartered brand consulting firm Vertebrand. Technopak will also invest financially in ...
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NEW PROJECTS
Lanco achieves financial closure for 2 road projects
Hyderabad, Feb. 1 Lanco Infratech Ltd, the Hyderabad-diversified infrastructure company, on Friday announced financial closure for two major road projects.According to a statement from the company Chief Financial Officer, Mr J. Suresh ...
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REGULATORY BODIES & RULINGS
Aurobindo drug gets US FDA nod
Aurobindo Pharma Ltd has received tentative approval from the US Food & Drug Administration (USFDA) to manufacture and market Sumatriptan Succinate tablets in 25mg, 50mg and 100mg. The approval was 63rd Abbreviated New Drug Approval (ANDA) ...
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ALLIANCES & JOINT VENTURES
ONGC may tie up with Norwegian co for green tech
New Delhi, Feb. 1 Oil & Natural Gas Corporation (ONGC) is likely to ink an agreement with Norway’s StatoilHydro for carbon capture and sequestration (CCS) technology. “Use of CCS technology will help in reducing ...
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INTERVIEW
Corus buy: ‘Innovations in funding saved millions of dollars’
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