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Bharat Forge Ltd has informed that the Board of Directors of the Company at its meeting held on February 27, 2008 approved a Preferential Issue of Convertible Warrants subject to requisite approval by the Shareholders and the applicable guidelines to the Promoters Group.
Pricing of the issue will be governed by the Guidelines for Preferential Issue [...]

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Microsoft has launched a digital advertising platform in partnership with four leading portals to simplify digital advertising by bringing the advertisers and portals on the same platform. Microsoft’’s digital advertising platform will provide display, contextual and video advertising solutions for its partners. NDTV Media, the sales partner for the Microsoft Digital Advertising Solutions, will bring [...]

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GlaxoSmithKline Pharmaceuticals Ltd has announced the Audited Results for the quarter & year ended December 31, 2007:
The results for the quarter ended December 31, 2007
The Company has posted a net profit of Rs 809.00 million for the quarter ended December 31, 2007 where as the same was at Rs 677.90 million for the quarter ended [...]

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The Coimbatore Region unit of the General Insurance Employees” Association has demanded the merger of four public sector general insurance companies and condemned the move of the Central Government to increase foreign direct investment in the insurance sector. These were among the resolutions passed at the 14th conference of the women’’s sub-committee of the regional [...]

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Sun Pharmaceutical Industries Ltd has announced that USFDA has granted tentative approval for the Companys Abbreviated New Drug Application (ANDA) for generic Depakote® , divalproex sodium delayed release tablets.
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Wockhardt Hospitals have withdrawn their IPO due to poor response form the investors. The authority of the hospital said that they would refund the IPO money in 15 days.Sources said that the IPO has been withdrawn in the larger interest of investors and will be taken up again at an appropriate time.

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Dr Reddys Laboratories Ltd on February 08, 2008 has announced that it has entered into an agreement with SkyePharma PLC (LSE: SKP) to undertake a feasibility study of a product utilizing two of SkyePharmas proprietary drug delivery systems. The costs of this study will be paid by Dr Reddys. SkyePharma will also receive an upfront [...]

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Ranbaxy Laboratories Ltd on February 06, 2008 has announced that the Company has received approval from the U.S. Food and Drug Administration to manufacture and market Cefuroxime Axetil for Oral Suspension USP, 125 mg/5mL and 250 mg/5mL, which will be the first generic formulation on the market. The Office of Generic Drugs, U.S. Food and [...]

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Cadila Healthcare Ltd has announced that the Company and Karo Bio of Sweden, a drug discovery and development Company specialising in nuclear receptors have initiated a three year strategic collaboration in the area of drug discovery and development. Both Companies will collaborate to discover and develop novel, selective glucocorticoid receptor (GR) modulators for the treatment [...]