Beleaguered drugmaker Wockhardt has a new management team in place to implement a three-year strategic plan to get back on track. The company has seen at least four senior-level exits in the last few months.
The Reliance-Anil Dhirubhai Ambani Group has picked up a 15 per cent stake for Rs 225 crore (Rs 2.25 billion) in a new international airport coming up at Aranmula in Pathanamthitta district of central Kerala.
Major Indian drug companies such as Ranbaxy Laboratories, Lupin, Dr Reddy's Laboratories and Glenmark have gone off the beaten track in overseas markets.
Major drug discovery outsourcing deals have almost dried up in the past 18 months for almost all prominent players in the area
An increase in the number of outsourcing deals between domestic drug companies and pharmaceutical multinationals has triggered huge capacity expansion programmes in the drug manufacturing sector.
Indian pharmaceutical companies may have spread their wings far and wide, but they have been hitting the wall in China.
Three Indian companies are among the six shortlised to bid for the privatisation of the Male International Airport in Maldives.
Last week, scientists working with the Institute of Genomics and Integrative Biology (IGIB) in New Delhi decoded the genome of a 52-year-old man from Jharkhand after nine weeks of study -- a first in the country. The feat has helped India join a select club of countries -- the US, UK, Canada, Korea and China.
The share prices of power transmission and distribution company Areva T&D rose 2.8 per cent on the Bombay Stock Exchange on Tuesday in anticipation of a possible open offer. A combine of Alstom and Schneider Electric have bought the entire stake in it of its majority holder, French nuclear major Areva.
Idea joins Vodafone to use the fun route on the Net.
This was the most serious cable disruption since 2001, when a submarine cable connecting the mainland with the US was cut off.
European wind turbine makers interested; deal could be $1 billion. The company aims to raise about $1 billion from the sale of a 61.28 per cent stake, said two banking sources.
For example, Idea Cellular posted a 0.7 per cent decline in the average minutes of use per subscriber in the first quarter of the current financial year, partly because of the increasing use of multiple SIM cards. So, too, with Vodafone-Essar. The company admits a fall in usage per subscriber, as an increasing number utilised SIMs of more than one operator, particularly in the new circles.
Samsung Electronics and Motorola are gearing up to launch handsets based on Google's Android operating system in India.
India emerging as a big global destination for contract manufacturing, unlike R&D outsourcing.
The restrictions may include an additional licence fee a foreign operator has to foot on, infrastructure hurdles and lack of a brand identity in the country, unlike in the case of a 2G operator.
The central government's decision to continue controlling supply of the swine flu drug, oseltamivir, will help the drug innovator, Swiss multinational Hoffmann-La Roche, and its Indian licencee, Hetero Drugs, maintain their effective monopoly in the country, even as the drug lacks patent protection in India, fear domestic industry circles.
If the deal goes through, this would be the second largest deal for Wipro in the telecom space. Earlier in April, the IT major bagged a Rs 2,500-crore (Rs 25 billion) contract from another new operator, Unitech Wireless. Importantly, Wipro will be pipping seven other IT vendors, including IBM and Tech Mahindra, who were also in discussions with Etisalat, according to sources.
The US-based aircraft manufacturing giant will expand its manufacturing presence, launch subsidiaries and strengthen research and development (R&D) programmes in the country. Jeppesen, a subsidiary of Boeing, is close to setting up an office in Hyderabad, while another, Aviall, the company's spare parts subsidiary, already has operations from Noida.
Bharat Sanchar Nigam Ltd chairman Kuldeep Goyal has been trying to get a foothold in Africa since February this year when the government allowed the state-owned giant to pursue business opportunities in that continent. The five-month old search continues; Goyal says BSNL is looking at acquiring stakes or licences in African markets as and when they are put up for sale.
© 2025 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances