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| Aurobindo gets final USFDA nod for mirtazapine tablets NEW DELHI, Dec 14: Domestic drug company Aurobindo Pharma Ltd today said it has............more Lyka Labs
GDRs listed MUMBAI, Dec 14: Lyka Labs Ltd today said its Global Depository Receipts (GDRs) have ......more IDS opens
Global BANGALORE, Dec 14: International Decision Systems (IDS), the standard-setting ........more Hindustan
Lever signs GUWAHATI, Dec 14: Hindustan Lever Limited (HLL) and Mcleod Russel India Limited(MRIL) have signed a ......more |
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VAT exempted for industrial units in
Mizoram AIZAWL, Dec 14: In a bid to encourage the entrepreneurship in the region, the Mizoram Government has decided to exempt Value Added Tax (VAT) for the local industrial units..........more ACC
acquires 98 pc stake MUMBAI, Dec 14: Associated Cement Companies Ltd (ACC) today said it has acquired TARMAC India Pvt Ltd (TIPL), a company engaged in ready mix concrete business, for Rs 12.4 crore.......more Indian Hotels acquired Australian hotel for $ 36 mn NEW DELHI, Dec 14: Indian Hotels Company, owner of the Taj chain of hotels, today announced the acquisition of Sydney-based 'W' Hotel, of the Harilela Group of Hong Kong and managed by Starwood Pacific Hotels Pty Ltd for 36 million dollars............more |
Aurobindo gets final USFDA nod for mirtazapine tablets NEW DELHI, Dec 14: Domestic drug company Aurobindo Pharma Ltd today said it has received the final approval from the US Food and Drug Administration (USFDA) for mirtazapine orally disintegrating tablets. The tablet is a generic version of Organon's Remeron SolTabs antidepressant. Organon is the pharmaceuticals unit of Dutch chemical group Akzo Nobel. The Company will be able to sell Mirtazapine orally disintegrating tablets (ODT) 15 mg, 30 mg immediately and 45 mg after the expiry of 180 days exclusivity period, which is expiring in February 2006. Annual US sales of Mirtazapine ODT tablets are approximately 100 million dollars. Many generic players in spite of having approval for Mirtazapine tablets, find it difficult to develop Mirtazapine orally disintegrating tablets. The Company is among very few which has shown it's R&D capability by developing this complicated product. With this approval, the Company's product portfolio for the US market has widened, further and is expected to have significant share in the premium market. Mirtazapine ODT is the generic version of Organon's Remeron SolTab(R) and is indicated for the treatment of major depressive disorder. (UNI) |
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Lyka Labs GDRs listed on Luxembourg Stock Exchange MUMBAI, Dec 14: Lyka Labs Ltd today said its Global Depository Receipts (GDRs) have been listed on the Luxembourg Stock Exchange. The listing is effective from December 13, 2005, the company informed the Bombay Stock Exchange. The GDR issue had opened for subscription on November 29, 2005 at London. The issue has been subscribed to the extent of 5 million dollars and the issue was closed on December 07, 2005. The GDR were issued at a
subscription price of 6.25 dollar each with one GDR
representing five equity shares of Rs l0 each, it said.
(PTI) |
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IDS opens Global Product
Development BANGALORE, Dec 14: International Decision Systems (IDS), the standard-setting market leader in equipment financing software and service solutions, today announced the opening of its Global Product Development Center in Bangalore. The Center, headed by Srikanth Sundarajan, Executive Vice President for Worldwide Product Development and Managing Director, would be critical to IDS for a global perspective, for the continued development of world-class leasing and loan accounting and portfolio management solutions, according to a release here. IDS COO Todd Davis said '' Bangalore center will further technology innovation as well as enhancement initiatives for the company's product offerings. ProFinia, the recently implemented modern back-office platform will be a major initiative in Bangalore as will Rapport, the industry's most popular solution for origination and booking. Over time, the Bangalore Center will also provide development for the IDS legacy product, InfoLease''. (UNI) |
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Hindustan Lever signs MoU with
MRIL for GUWAHATI, Dec 14: Hindustan Lever Limited (HLL) and Mcleod Russel India Limited(MRIL) have signed a memorandum of understanding (MOU) for transfer of HLL's 100% shareholding in Doom Dooma Tea Company Limited (DDTCL) at Mumbai yesterday. Official sources said here today the agreed consideration was Rs 69 crore plus net current assets as on December 31, 2005. The existing terms and conditions of services of all DDTCL employees will be fully protected in accordance with applicable laws and terms of their employment, the sources added. Sources in the HLL management said the proposed transfer to MRIL, a leading player in tea plantation, was in the best interests of the business and its stakeholders. The transaction was expected to be completed by January 2006. HLL had transferred its tea plantation business in Assam to DDTCL in April this year.(UNI) |
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VAT exempted for industrial units in Mizoram AIZAWL, Dec 14: In a bid to encourage the entrepreneurship in the region, the Mizoram Government has decided to exempt Value Added Tax (VAT) for the local industrial units. The VAT is exempted for any processing and manufacturing industrial unit holding a permanent registration granted by the state industries department, the taxation officials said here today. The goverment has already issued a notification to this effect. The exemption period is seven years, which would commence from the date of actual commercial production by the listed units. However, in the case of industrial unit set up in the thrust area such as electronics and information technology, bamboo and timber bawsed products, food and fruit processing, textile, handloom and handicraft, plantation fibre and hill brooms, tung oil and non-edible oil extration, tea, rubber and coffee, mines minerals and tourism shall extend upto ten years commencing from the date of commercial production. A district level committee
would be formed headed by the deputy commisioner of the
district and assistant commissioner of taxes and
representative of the state's owned Zoram industrial
would be the members, where they would issue the grant of
eligibility certificate for exemption from payment of tax
to the industrial units, the officials added.(UNI) |
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ACC acquires 98 pc stake in TIPL for Rs 12.4 cr MUMBAI, Dec 14: Associated Cement Companies Ltd (ACC) today said it has acquired TARMAC India Pvt Ltd (TIPL), a company engaged in ready mix concrete business, for Rs 12.4 crore. The company has acquired 98.84 per cent of the equity shares of TIPL and the acquisition is with immediate effect, on 'going concern' basis, it informed the Bombay Stock Exchange. TIPL was a subsidiary of Tarmac UK - which is part of Anglo American plc Group and will now be a subsidiary of the company, it said. It has two Ready Mix Concrete plants located in Mumbai and Navi Mumbai, it added. (PTI) It tackles the opportunistic invasive mycoses by increasing morbidity and mortality in patients suffering from cancer and AIDS and in patients who have undergone organ transplants. A triazole antifungal, Vorizol is effective against Amphotericin B, Itraconazole anmd Fluconazole resistant pathogens, it said. Vorizol has been priced most economically, it added. (PTI) |
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Indian Hotels acquired Australian hotel for $ 36 mn NEW DELHI, Dec 14: Indian Hotels Company, owner of the Taj chain of hotels, today announced the acquisition of Sydney-based 'W' Hotel, of the Harilela Group of Hong Kong and managed by Starwood Pacific Hotels Pty Ltd for 36 million dollars. Early this year, Indian Hotels had entered into a 30-year management contract to operate and manage Pierre, a luxurious hotel in New York. W Sydney will be the Tata Group's first hotel buy in Australia and is part of its long-term strategy to establish a global presence. The company has already earmarked an investment of Rs 565 crore for acquisitions in this financial year. Tata group Chairman Ratan Tata had announced at the company's last annual general meeting that out of this kitty, Rs 500 crore would be utilised for expansion and the balance for upgrading existing properties. W Sydney Hotel is located in the Woolloomooloo area of Sydney -- the central business district of the city. The 104-room boutique hotel is managed by Starwood Hotels and Resorts. Indian Hotels is also looking for opportunities in China. Sources tracking the Tata group company said the firm was keen on entering China through acquisition of stand-alone properties or hotel chains as the country was set to emerge as a dominant force in world hospitality in the next five years. Indian Hotels currently has 17 international hotels, including those in the Maldives, Mauritius, Malaysia, Seychelles, the UK, the US, Bhutan, Sri Lanka, Africa and west Asia. (UNI) |
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