18-02-2011

                                                                     

Lupin wants faster, easier regulatory nods from Japan

Lupin said it wants Japan to fast track and ease regulatory approvals to facilitate the entry of Indian generic drugs into the world's second largest pharmaceutical market. The company hopes that the Japanese government fast tracks regulatory approvals and time-lines for the same, and see some meaningful relaxation in regulatory norms. (Source: Bussiness Standard)

Marico may restructure portfolio, divest brands

Marico, speculated to be selling its edible oil brand Sweekar, will look at restructuring its portfolio, including divestment of some of brands as part of its growth strategy. All growth-oriented companies, including Marico, do scrutinise their portfolio from time to time and explore opportunities of restructuring. (Source: Bussiness Standard)

RCom signs pact with Radio Netherlands Worldwide

RCom announced signing an agreement with broadcast company Radio Netherlands Worldwide. Under the agreement, R World -– the mobile portal from RCom -- would offer 24/7 live streaming of Radio Netherlands Worldwide and will showcase its RNW WAP news feed on RWorld which includes regularly updated international news.  (Source: Bussiness Standard)

Satyam preparing to sue Price Waterhouse, Ramalinga Raju

Satyam Computer Services is now gearing up to sue others. The fraud-hit software company is evaluating the option of suing its former auditor Price Waterhouse over the accounting fraud inflicted on the company by its founder B Ramalinga Raju and aides. Though a formal decision to sue PW is yet to be taken, Satyam officials are internally debating the matter. (Source: DNA Money)

Gujarat NRE raises Rs 320 cr, to expand capacity in Australia

Gujarat NRE Coking Coal, an Australian subsidiary of Gujarat NRE, has raised Rs 320 crore through an institutional placement and will use the proceeds to expand capacity at two of its hard coking coal mines in Australia. The company has raised its capacity at the Australian mines in the past year from one to two million tonnes.                      (Source: Economic Times)