Archive for July, 2008
Lupin buys Hormosan Pharma to enter German market
Yahoo! India News
Pharma major Lupin Limited has acquired Germany-based medicine marketing company Hormosan Pharma (Hormosan), to cater to the German market that is veering towards low-cost, insurance payout-controlled medicine. Hormosan specialises in the supply of medicines for nerve-related illnesses (CNS) and reported sales of Rs 45 crore for the year ended December 2007.
It develops, licences [...]
ITC to pump in Rs 8,000 crore for business growth
The Financial Express
Chairman YC Deveshwar said ITC would be looking for growth in every business that it is in, including some new ones.
Meanwhile, the company reported an 18% growth in net turnover to Rs 3,900 crore for the quarter to June 30, 2008, with the main driver being the non-cigarettes business as the company continued [...]
Fertiliser firms to invest $5 bn in JVs abroad
Business-Standard
Indian fertiliser companies are planning to invest around $5 billion (Rs 21,000 crore) in overseas joint ventures over the next three years. These companies are in negotiations for 19 such ventures, said government officials. These joint ventures are aimed at sourcing nitrogenous, phosphatic fertilisers and other raw materials.
The companies involved in the talks include domestic [...]
Brazil should seek bilateral deals after WTO failure – exporters
Forbes.com
The collapse of the Doha Round talks in Geneva on Tuesday was felt like a shock of cold water in Brazil, which had been hoping for greater access to U.S. and EU markets for its many agricultural exports.
Now, the country ‘will have to revise all its priorities,’ said Zoraya Rosar, the international coordinator for the [...]
Arcor: Sweet Expansion
Maybe Sr. Pagani can put India on his itinerary next time. There’s profit in catering to the sweet tooth of Indians. Indian sweets like gulab jamuns go waaaaaaaaaaay beyond any sweetness index conceived.Latin Business Chronicle
Argentina is well known for its beef but less so for its candy. Yet it is home to one of the [...]
Algae Based Biofuels in Plain English: Why it Matters, How it Works
Triple Pundit
You’ve probably heard the term tossed around, and have maybe even said it in a sentence or two yourself. But have you ever really understood what it means, what the implications are, and on a basic level, how it works and if it has even the slightest chance to be a viable large scale [...]
Taj Hotels forays into high-end business globally
It’s only a matter of time before they run hotels in Buenos Aires, Sao Paulo and Mexico City.Business Standard
The Taj Group of Hotels, owned by the Tata Group, is foraying into high-end business and luxury segments globally. “Spas have EBITDA margins as high as 30 per cent, making them highly lucrative,’’ Amol Rao, a hotel [...]
Indian biotech firms aid global players in drug discovery
Business Standard
Indian biotechnology firms are steadily moving up the value chain by offering research and development (R&D) services for global pharma companies to aid drug discovery and manufacture.
Companies are offering services in drug discovery and validation based on pathway analysis (that is, analysis of how toxic or radioactive substances reach humans), genomics (study of gene [...]
Volcker’s best apprentice
Asia Times Online
Brazil, … Foreign debt has halved as a percentage of GDP since 2002, while the government’s finances are in only modest deficit. Foreign investment is encouraged and its rights protected. Most impressive, while inflation is around 6%, because of high commodity prices, the benchmark Selic interest rate has just been raised to 13%. [...]
Brasilia seeks Indian firms to produce generic meds in Brazil
Therapeutics Daily
Brazil’s health minister said here Tuesday that the South American country is seeking out Indian companies that will produce cheaper generic versions of prescription drugs in Brazil.
In an interview with Efe, Jose Gomes Temporao said that one of the objectives of his government is to ease Brazil’s dependence on the importation of pharmacological-chemical technology, [...]
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