The introduction of Shantha’s vaccine to fight the dreaded liver disease forced SmithKline Beecham to slash prices of its vaccine brand Engerix-B, after enjoying a monopoly market in India.
State-owned telecom firm BSNL is looking to mop up Rs 1,000 crore by sharing infrastructure — mostly towers — with other telecom firms.
Jalgaon-based Jain Irrigation Systems expects its micro irrigation systems (MIS) to grow by 40-50% and food processing vertical by 30-40% this fiscal despite deficient rains, MD Anil Jain said.
Coal India Limited (CIL) will invite tenders for proposed joint ventures to extract coal from abandoned mines by the end of August. It has shortlisted 10 parties for participating in the tenders.
Great Eastern Shipping is looking to cancel more vessel orders, to reduce the load on its order book. The company has placed orders worth around $1 billion.
The menu for these 10,000-square-feet Barista Lavazza joints will sport a fusion of desi and western items including paratha, idli and vada, along with cappuccinos and doughnuts.
DLF Assets (DAL), fully owned by the promoters of DLF, may allow one of its investors, D E Shaw, to stay on as the situation in the real estate market has improved.
The markets may have stabilised somewhat, but companies are still struggling to recover from the financial market meltdown last year that took down many a boat.
Reliance Communications Ltd, India’s second-largest mobile-phone company, reported an unexpected increase in first-quarter profit after adding subscribers.
It’s raining new mutual fund schemes this monsoon. That’s exactly the bad thing, from a purely statistical point of view.Each time there has been a groundswell of new schemes, the stock market has tended to fall.