Corporate News
Satyam Objects to World Bank Statements, seeks apology
Hyderabad, India, December 25, 2008: After facing brick bats for 10 days, Satyam Computer Services Ltd finally came out with its own defense. On Thursday, the company has vigorously objected the statements made by World Bank representatives reported recently in the press. Satyam formally requested today that the World Bank immediately withdraw those statements, that [...]
Dr. Reddys Laboratories settles patent case with 2 US companies
announces settlement of Clarinex® (Desloratadine) ANDA patent litigation with Schering Corporation and Sepracor Inc.
Hyderabad, India, December 23, 2008 – Dr. Reddy’s Laboratories today announced that it has entered into agreements with Schering and Sepracor which will allow Dr. Reddy’s to manufacture and market generic versions of the CLARINEX-D®-12 Hour and CLARINEX-D® -24 Hour products, with [...]
Ybrant’s Oridian announces Integrid Media as its exclusive distributor in India
Hyderabad, December 22nd , 2008 : Oridian, the leading brand of the Hyderabad-based Ybrant Digital Limited, the top-notch global ad network operating in the United States, the United Kingdom, Australia and 40 other countries, announced that India-based Integrid Media, an organization serving as a one-stop shop for integrated media solutions, will be its exclusive seller [...]
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 [...]
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 [...]
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 [...]
Raju bows Investors uproar, Satyam Calls of Maytas cos buying plans
HYDERABAD, India, Dec 17, 2008: In a dramatic move, Satyam Computer Services Ltd Chairman Ramalinga Raju withdrawn his plans to acquire his own companies run by his both sons, Maytas Infra and Maytas Properties.
Investor community across the globe questioned the Raju’s move, saying its in the interests of promoters family and no way add value [...]
Satyam Computers Calls off 2 Maytas cos acquisition plans
HYDERABAD, India, Dec 17, 2008—Satyam Computer Services announced that it is not going
ahead with its proposed acquisition of Maytas Properties and Maytas Infra, in light of the
feedback received from the Investor community.
Commenting on this decision, Satyam Chairman, Mr.Raju said, “We have been surprised by the
market reaction to this decision even though we were quite positive [...]
Kotak Securities Launches Smart Order to provide Best Buying & Selling Rates on both BSE & NSE
10 December 2008, Mumbai: Kotak Securities, the stock broking arm of the Kotak Mahindra group today announced the launch of Smart Order, a new service from, Kotak Securities that will help clients buy and sell stocks at the best possible rates from either of the stock exchanges – BSE or NSE.
Prasanth Prabhakaran, Senior Vice President [...]
Dr Reddys (Betapharm) receives preliminary results on AOK tender in Germany
Hyderabad, India, December 10, 2008: Dr. Reddy’s Laboratories (NYSE:RDY) today announced that Betapharm AG, its wholly owned subsidiary, has received complete information on the preliminary result of the tender by the Allgemeine Ortskrankenkassen (AOK) for discount agreements for 47 of the 48 products pertaining to Betapharm, pursuant to § 130a SGB V. betapharm has been [...]
