Archive for December, 2008
Bartronics launches extended capability RFID solutions for India
Bartronics launches extended capability RFID solutions for Indian market BIL ties-up with US-based Intelleflex Corporation Hyderabad, December 22, 2008: Bartronics India Limited today re-affirmed its pioneering status in the Automatic Identification and Data Capture (AIDC) technologies Industry by announcing the launch of extended capability Radio Frequency based Identification (RFID) solutions for the Indian market. The [...]
Cement Dispatches rebound in November
SECTOR UPDATE by Sharekhan
Cement dispatches for November 2008 grew by 12% year on year (yoy) to 14.43 million metric tonne (MMT). Cumulative dispatches from April to November 2008 rose by 7.4% to 114.70MMT. The growth for the month under review is mainly on the back of low base effect and end of festive season in [...]
Sharekhan Eagle eye this week on Lupin
Lupin settles with Schering on Clarinex
Lupin has settled with Schering-Plough all ongoing litigations relating to Desloratadine tablets, the generic version of Schering-Plough’s allergy drug “Clarinex”® tablets used in the treatment of allergy. As per the terms of the settlement, Lupin will be licenced under the relevant Desloratadine patents and free to commercially launch its generic [...]
Sun Pharmaceutical Extends Tender Offer for Taro
Mumbai, India: December, 2008: Sun Pharmaceutical Industries Ltd. (Reuters: SUN.BO, Bloomberg: SUNP IN, NSE: SUN PHARMA, BSE: 524715) today announced its subsidiary, Alkaloida Chemical Company Exclusive Group Ltd. (Alkaloida), has extended the Expiration Date of the Tender Offer for the purchase of all outstanding Ordinary Shares of Taro Pharmaceutical Industries Ltd. (Taro). The Offer will [...]
Shoppers Stop extends its option of acquiring 51% of Hypercity
Mumbai, December 20, 2008: The Company, Promoters of Hypercity Retail (India) Limited (Hypercity), has executed an Option Agreement; whereby the Company has an option to acquire upto 51% of the equity share capital of Hypercity from Promoters at any time prior to December 31, 2008. The Company has already acquired 19% stake in Hypercity in [...]
DBS Chola MF launches DBS Chola Tax Advantage Fund – Series 1
NFO Opens: 19th Dec, 2008; Closes: 19th March, 2009
NewDelhi, December 20, 2008: DBS Chola MF today announced the launch of DBS Chola Tax Advantage Fund – Series 1. The fund is a 10 – year close ended Equity Linked Saving Scheme, subject to a lock in for a period of three years from date of [...]
Chanda Kochhar is Managing Director & CEO of ICICI Bank from May 1, 2009
Mumbai, December 19, 2008: Mr. N. Vaghul, non-executive Chairman of the Board of Directors of ICICI Bank Limited (NYSE: IBN) would retire from the Board on completion of his current term on April 30, 2009. The Board has, subject to the approval of Reserve Bank of India (RBI) and the shareholders, decided to appoint Mr. [...]
Upaid Seeks Satyam Top Heads depostion
London – UK based Online and mobile payment services company Upaid Systems announced that, it is filing a motion in US court requesting deposition of Satyam Computer Services Chairman B. Ramalinga Raju, Chief Financial Officer V. Srinivas and Global Head of Corporate Governance G. Jayaraman.
Upaid System has issued a press release in this connection on [...]
Satyam Computer Services: Reputation damage difficult to undo
Kotak Suspend rating and target price
• Reputation damage difficult to undo
• Concerns on cash utilization still remain—US$430 mn lying in current accounts
baffling
• Potential disruption in the IT services business plausible
• Suspend rating and target price
In a bizarre sequence of events, Satyam proposed and then revoked the proposed
acquisition of its affiliated real estate and infrastructure companies. [...]
Glenmark Confirms Patent Challenge of Fluticasone Lotion
Glenmark Generics Ltd’s US subsidiary(GGI) confirmed Nycomed US (”Nycomed”) filed a patent infringement lawsuit on 12 Dec 2008 in the U.S. District Court, Eastern District Court of New York regarding Glenmark’s Abbreviated New Drug Application (”ANDA”) for its Fluticasone Propionate 0.05% Lotion product. Nycomed currently markets its Fluticasone product as CUTIVATE®.
Glenmark filed its ANDA containing [...]
