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| • GSK back to differential price for drugs in mid-income nations |
| If high medicine prices have been the Achilles heel for drug majors in developing countries, GlaxoSmithKline has sought to tackle the challenge through “customised” pricing in middle-income countries such as |
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| • Daimler confirms sale of Tata Motors stake |
| Daimler, the German maker has finally confirmed it had sold all of its 5.34 per cent ordinary shares of Tata Motors to various investors, bringing it in a tidy cash inflow of €300 |
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| • Ford gets aggressively with Figo pricing |
| Ford India said on Tuesday that with the launch of its much-awaited compact car Figo at a highly competitive price point, it aims to became a major player in the rapidly growing Indian auto |
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| • Honda Motorcycle to set up second plant in Rajasthan |
| Honda Motorcycle & Scooter India will set up its second plant near Bhiwadi, Rajasthan at an investment of Rs 470 crore. It is less than 50 km from its existing unit in Manesar, |
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| • L&T's foray into power will generate revenues in long term |
| Larsen & Toubro's move into the power generation segment is likely to provide a steady stream of revenues with lucrative profit margins over the long |
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| • India is our future market: Audi chief |
| The Audi Chairman, Mr Rupert Stadler, calls India the future market for the German luxury carmaker. The company is expecting a 10-fold leap in sales in India in the next 10-15 |
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| • Indian Hotels for stronger push to Vivanta brand |
| The rebranding exercise undertaken by the Indian Hotels Company Ltd (IHCL) about three-to-four years ago seems to have gone a step forward with the company now mulling the possibility of completely doing away with its Residency brand luxury |
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| • Bosch declares ‘lock-out' at Naganathpura plant |
| Bosch Ltd has declared a ‘lock out' with effect from March 8, at its Naganathpura plant in |
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| • Sony launches Net-enabled LCD TVs; plans 3D sets |
| YouTube fans will no longer need a computer. With the aim of becoming the market leader in the flat panel TV segment, Sony India on Tuesday launched the Bravia NX series with in-built |
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| • IOC not to participate in Barmer project |
| The Minister of State (MoS) for Petroleum and Natural Gas, Mr Jitin Prasada, said that Indian Oil Corporation Ltd (IOC) has “regretted its participation” as equity partner in the proposed Barmer refinery due to financial |
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| • Scathing attack on Corus plant closure |
| A group of British Members of Parliament launched a scathing attack on the mothballing of Corus's Teeside Cast Products plant in northern |
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| • CA institute wants flexibility to cos on depreciation rates |
| The CA institute favours a regime where depreciation rates for company law purposes are based on the useful life of an |
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| • Everest Ind sees signs of rebound |
| After seeing a virtual stoppage of production till April–May 2009, Everest Industries, according to its Director and Chief Operating Officer, Mr Manish Sanghi, ‘is improving every |
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| • Low pay hikes likely from R&D multinationals |
| R&D multinationals in India that slashed salaries significantly for mid and junior level employees in 2009 are likely to give out low hikes (6-10 per cent) this year. Salary changes across functions such as associate engineers, engineering |
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| • GE Healthcare exploring distribution tie-ups |
| Medical equipment major GE Healthcare India plans to ride on novel distribution partnerships with pharmaceutical companies, surgical companies and even large pharmacies, its top official |
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| • Patel Engg gets coal linkage for TN project |
| Construction and infrastructure major Patel Engineering said it has received coal linkage for its proposed 1,050 MW (3X 350MW) thermal project at Nagapattinam, Tamil |
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| • MSN Labs bags award |
| MSN Labs has bagged a silver rolling trophy of the Federation of Andhra Pradesh Chamber of Commerce and Industry (Fapcci) for excellence in research and development for 2008-09. The award has been instituted by Spectra Shares & Scrips Ltd. |
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| • New Pennar Ind facility |
| Pennar Industries Ltd announced on Tuesday that it has commissioned a Rotary Compressor Housing manufacturing line at its plant in Isnapur near Hyderabad. In a statement to the stock exchanges, the Chief Financial Officer, Mr R.Ravi, said the new |
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| • Ramky Infra bags Rs 1054-cr orders |
| Ramky Infrastructure Ltd , part of the Ramky Group, has bagged projects aggregating Rs 1,054.46 crore recently, including a deal from IL&FS Transportation Networks Ltd., and covering earthwork excavation, formation of embankment, underground |
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| Updated: 354 minutes ago |
