Archive for July 31st, 2008

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Lupin buys Hormosan Pharma to enter German market

Posted by Dave
July 31, 2008

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 [...]

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ITC to pump in Rs 8,000 crore for business growth

Posted by Dave
July 31, 2008

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 [...]

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Fertiliser firms to invest $5 bn in JVs abroad

Posted by Dave
July 31, 2008

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 [...]

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Brazil should seek bilateral deals after WTO failure – exporters

Posted by Dave
July 31, 2008

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 [...]