News - Business Services

Intas Biopharma joins hands with Canadian firm

City-based Intas Biopharmaceuticals Ltd (IBPL) has inked a pact with Canada's Apotex Inc for co-development and supply of its filgrastim brand, Neukine, in North America.

Murugappa Group plans Rs.13 bn investment

The $2.4 billion Murugappa Group Monday announced it would invest around Rs.13 billion ($325 million) in capacity build-up in the current fiscal.

Mitsubishi to make cell phones in Bengal

With India adding eight million mobile phone connections every month, Japan's Mitsubishi Corporation will set up a cell phone making unit in West Bengal by 2010.

Lufthansa launches Mumbai-Munich direct service

Premier German airlines Lufthansa announced the launch of three new non-stop flights between Mumbai and Munich starting Sunday.

Cybernet-SlashSupport in partnership with South African IT firm

City-based offshore technology operations major Cybernet-SlashSupport (CSS) announced Monday it has signed a partnership agreement with mySolutions, a Pretoria-based IT solutions company, for its expansion into technology services and support market in Africa.

Three killed in Gujarat pharma unit blast

At least three workers were killed in a blast in pharma major Wockhardt Limited's unit at Ankleshwar in central Gujarat Monday.

Government to set up Indian Institute of Corporate Affairs

The government is to set up an Indian Institute of Corporate Affairs to serve as an independent think tank to suggest corporate social responsibility (CSR), it was announced Monday.

Aircel to invest $4-5 bn to beef up network in India

Malaysia-based leading telecom services major Maxis Communications plans to invest $4-5 billion by 2010 to strengthen its network in India, a top company official here said.

HCL's Shiv Nadar receives Padma Bhushan

Shiv Nadar, founder of $4.5 billion HCL, one of India's leading IT firms, was presented the Padma Bhushan, the country's third highest civilian honour, by President Pratibha Patil Monday.

Government asked to consider keeping old Bangalore airport open

The Supreme Court Monday asked the central government to consider keeping Bangalore's old airport open taking into account possible problems citizens might face as the new airport is 40 kilometres away from the city.

Inox, Fame screen 'Tashan', get bonus four films

The multiplex chains Inox and Fame have finally started screening Yash Raj Films' (YRF) latest offering 'Tashan' here after receiving a written assurance from the banner that it will give prints of their other four releases of this year from the first-day-first-show.

Regulator for aviation industry deferred

Owing to pressures from the aviation industry, the central government has once again deferred decision on the Airports Economic Regulatory Authority (AERA) Bill, 2007, which was scheduled to come up for approval in parliament during the budget session, sources said Monday.

Deccan teams up with Periyar Tiger Reserve

India's low cost airline Deccan has decided to promote eco-tourism in the Periyar Tiger Reserve in Thekkady, Kerala in an attempt to help preserve its tiger population and biodiversity.

Adlabs acquires majority stake in Malaysian Cinema chain

Adlabs Films Limited, part of the Reliance Anil Dhirubhai Ambani Group, has entered into an agreement for acquisition of majority and controlling interest in Malaysia-based Lotus Five Star Cinemas.

Volatile equities markets end in the red

The Indian equities market closed in the red Monday after a volatile day of trading that finally saw sustained selling pressure on key sectoral indices. Barring realty, metal and public sector undertakings, all the sectoral indices ended the day at a loss.

Sensex ends over 100 points in the red

The Indian equities market closed in the red Monday.

Telecom regulator starts discussion on permitting virtual networks

The Telecom Regulatory Authority of India (TRAI) Monday initiated a discussion among all stakeholders of the industry on allowing mobile virtual network operators (MVNOs) in India.

Glaxo get Indian market rights for Japanese medicine

Pharma major GlaxoSmithKline (GSK) has bagged a deal to sell Japan based Astellas Pharma Inc's popular injectible anti-fungal agent Micafungin in India.

Edelweiss to start mutual fund operations

Mumbai based Edelweiss Capital Limited, a financial services company, Monday said it had received approval from the market regulator Securities Exchange Board of India to start its mutual fund business.

Sensex bounces back in early afternoon trade

The 30-share benchmark index of the Bombay Stock Exchange (BSE), the Sensex, bounced back in early afternoon trade Monday and moved to positive zone on the back of sustained buying in realty and capital goods stocks. The market had opened in the green and but slipped into the red in early trade.

L and amp;T secures Rs.3.44 billion project from Power Grid

Engineering and construction major Larsen and amp; Toubro Limited (L and amp;T) has bagged orders worth Rs.3.44 billion from the Power Grid Corporation of India for the construction of transmission lines in Maharashtra.

Indian stock markets slip into red in early trade

The Indian equities markets, which opened in the green Monday, soon slipped into the red due to selling pressure in metal, IT and oil and gas sectors.

Now own your studio apartment in Kolkata's IT township

Well-earning young professionals with a grungy lifestyle and seeking a place to unwind would soon be able to own a studio apartment in this eastern metropolis.

Indian equities start in positive zone

Indian equities opened with a positive gap Monday, despite mixed global markets.

Javed Akhtar mixes poetry with management

Though he was there to release a book on management, well-known Hindi film lyricist and poet Javed Akhtar gave in to the request of the audience and recited some of his poems here Sunday.