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SNAPSHOTS
Citibank launches new fixed deposit product
MUMBAI: Citibank on Wednesday announced the launch of a new fixed deposit product, Citibank Protect & Grow. It offers customers the safety of a fixed deposit with the option to channel the interest earned into mutual funds. The product ...

MAN to hike stake in JV with Force Motors
MUMBAI: Force Motors on Wednesday said that it would sell 14.2 per cent stake in its 70:30 joint venture, Man Force Trucks, to its partner Man Nutzfahrzeuge of Germany, for Rs. 300 crore. MAN Force Trucks will acquire additional equity in the ...

Eli Lilly files suit against two Indian cos.
NEW DELHI: U.S.-based pharma giant Eli Lilly and Company has filed a case against Aurobindo Pharma and Lupin, alleging infringement of patent of its anti-depressant drug Cymbalta. The drug, whose patent will expire on June 2013, has a total ...

Ranbaxy inks deal with BioPro Pharma
NEW DELHI: Ranbaxy Laboratories on Wednesday has entered into an exclusive licensing agreement with the U.S.-based BioPro Pharmaceuticals for marketing and distributing its drug ‘Gliadel Wafer’ used for treating brain tumor. The ...

BUSINESS
Terror insurance pool corpus set to increase
Products are bound to be upgraded, says IRDA chief

Vodafone loses tax case


TCS reviewing expenditure plans
Takes cost-cutting measures in terms of travel, communications and energy

Other Stories



Barometer


Briefly
Take Solutions joins hands with Danish firm
CHENNAI: Take Solutions, a leading software solutions provider for life sciences and supply chain management verticals, based in Chennai, has joined hands with BaseCon A/S, a Danish phamacovigilance products company, to launch a new range of ...

OVL to make formal offer for Imperial shares
NEW DELHI: Oil and Natural gas Corporation Videsh Ltd. (OVL), the overseas arm of the Oil and Natural Gas Corporation (ONGC), is likely to make an offer to acquire shares of the U.K.-based Imperial Energy at 1,250 pence a share by December 9. ...

Schwing Stetter launches new concrete pump
BANGALORE: Schwing Stetter India, a 100 per cent subsidiary of Schwing of Germany, launched here SP 1400, a new concrete pump. Managing Director, Anand Sundaresan said the pump had maximum concrete output of 52 cubic metres an hour, which can ...

Volvo to market Shangdong equipment
BANGALORE: Volvo India will be marketing construction equipment made by Shangdong Longong Construction Machinery, China. Volvo acquired a 70 per cent stake in the Chinese company recently, Volvo India’s Chairman, Eberhard Wedekind, said ...

CarWale gets $7 million funding
CHENNAI: CarWale.com , a leading automotive Internet portal, announced the successful completion of a Series A round of financing. The $7 million investment was led by Sierra Ventures, a Silicon Valley-based venture capital ...

CII to organise Energy Summit 2008
CHENNAI: Confederation of Indian Industry (CII) is organising its eighth edition of Energy Summit, an international conference on energy efficiency from December 8 to 10 at Chennai Trade Centre here. The three-day event will witness technical ...

New Southern India Manager for Singapore Airlines
CHENNAI: Singapore Airlines has announced the appointment of David Atkins as its new Manager, Southern India. Based in Chennai, Mr. Atkins will lead the operations of Singapore Airlines in Tamil Nadu and surrounding areas, including ...




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