INDIA BUSINESS WORLD - 16th April To 30th April - 2009
THE MONTH THAT WAS...
News & important developments from the most prospective of the New World markets. India. Our effort is to provide you with the latest and relevant developments that take place in the Indian business, economic and legal environment.
BUSINESS NEWS
UNITED INDIA INSURANCE BAGS RS 90KCR BHEL COVER : UNITED India Insurance (UII) has bagged a mega cover with a sum assured value of Rs 80,000-90,000 crore........More....
PUNJ LLOYD BAGS RS 308CR ORDERS FROM BMRC : CASH withdrawals from bank will not attract tax from now onwards. This is following abolition of the banking cash transaction tax (BCTT) in the Union Budget 2008-09Engineering and construction firm Punj Lloyd said it has received three orders worth Rs 308 crore from the Bangalore Metro Rail Corporation.......... More....
AHMEDABAD-BASED MARCK BIOSCIENCES GETS MALAYSIAN NOD : Ahmedabad-based Marck Biosciences has said that its manufacturing unit at Kheda in Gujarat..............More....
UNITECH RAISES $325 M VIA A QUALIFIED INSTITUTIONAL PLACEMENT (QIP) TO SERVICE DEBT : UNITECH LTD, the troubled real estate company, has raised Rs 1,620 crore ($325mn) at Rs 38.50 per share......... More....
THREE MORE CREDIT INFORMATION COS GET RBI NOD : RESERVE Bank of India has allowed three more credit information companies to do business. The banking regulator has also permitted the only existing local credit bureau Cibil........More....
USFDA FINDS 9 DEFECTS IN CIPLA'S BANGALORE PLANT : THE US Food and Drugs Administration (FDA) has found nine deviations in Indian drugmaker Cipla's............ More....
GSK-PFIZER HIV PLAN MAY HIT INDIAN GENERIC COS : THE recent move by GlaxoSmithKline (GSK) and Pfizer to jointly float a new company focusing exclusively on research, development and commercialisation of HIV medicines could potentially harm Indian companies........... More....
TECHMAHINDRA ANNOUNCES 20% OPEN OFFER FOR SATYAM : TECHMahindra has announced an open offer to acquire an additional 20% equity in the troubled IT company Satyam Computer Services......... More....
GLENMARK AND ISRAELI GENERIC MAJOR TEVA RESOLVE PATENT ROW : ISRAELI generic major Teva and Mumbai-based Glenmark Pharmaceuticals have settled a patent dispute over various generic versions of Coreg......... More....
TECHMAHINDRA GETS ANTI-TRUST NOD FROM GERMANY : IT services firm Tech Mahindra has got the crucial anti-trust approval from Germany, a pre-requisite for concluding a stake buy in Satyam Computer Services....... More....
SIFY POSTS $16.85-M LOSS : Sify Technologies reported a net loss of $16.85 million for the year ended 31 December 2009, compared to the net profit of $0.50 million......... More....
PIRAMAL HEALTH POSTS 5.3% DIP IN ’08-09 NET : ON THE back of forex losses, Piramal Healthcare announced a 5.3% dip in its net profit for the financial year ended March 31, 2009...... More....
SREI INFRA CONSORTIUM BAGS $800-M PROJECT IN NIGERIA : A CONSORTIUM comprising Kolkata-based SREI Infrastructure Finance, Londonbased investment bank Euromax Capital and Bank of Industries ...... More....
PFIZER LEADS RACE TO BUY RFCL'S ANIMAL HEALTH UNIT FOR RS 250CR : GLOBAL pharma giant Pfizer has emerged as the frontrunner to acquire RFCL Ltd’s animal health unit, Vetnex...... More....
JUBILANT ORGANOSYS NET SLIPS 85% TO RS 12.4 CR : DRUGMAKER Jubilant Organosys’ consolidated net profit dropped 85% to Rs 12.4 crore for the quarter ended March compared with a profit of Rs 84 crore in the same quarter a year ago....... More....
ZYDUS FY09 NET UP18% AT 303 CR : BUOYED by 55% growth in US exports, Ahmedabad based pharma major Zydus Cadila posted 26% rise in its total income with net profit going up 18% to Rs 303 crore, year-on-year...... More....
BIOCON NET DIPS 62% ON MARKET-TO-MARKET LOSSES : BIOTECHNOLOGY firm Biocon posted a consolidated net profit of Rs 24.88 crore for the quarter ended March 31, 2009, nearly 62% decline over the same period a year ago...... More....
|
