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ANNOUNCEMENTS: Junior Horlicks biscuits launched
GlaxoSmithkline (GSK) announced the launch of ‘Junior Horlicks Biscuits’ for toddlers. The biscuit, which contains Vitamins B1 B2 and Niacin, is available in two flavours. It is priced at Rs 10 for a 35 grams pack and Rs 35 for ...

IPR: Medicis files suit against Ranbaxy
Medicis Pharmaceutical Corp said on Friday that it has filed suit against Ranbaxy Laboratories Ltd and Ranbaxy Inc. The suit alleges that Ranbaxy has infringed one or more claims of Medicis’ US patents by submitting to the US Food and ...

NEW BUSINESS: Lanco Infra bags Rs 319-cr deal
Lanco Infratech Ltd has bagged two orders worth Rs 319.59 crore from the Maha Vitaran (Maharastra State Electricity Distribution Company). The projects to be executed by the construction wing of Lanco, pertain to the transmission and ...

PEOPLE: Vishal Retail’s independent directors
Retail chain Vishal Retail has announced that the company has appointed two new independent directors. At its board meeting, the company has appointed Ms Seema Kukreja, an advocate and Mr Sandeep Kumar, chartered accountant and company secretary, ...

OUTLOOK: Quippo investing Rs 1,400 cr to enhance onshore E&P, offshore oil services
Kolkata, June 13 Quippo Oil and Gas Infrastructure Ltd, promoted by infrastructure equipment financing company SREI, is investing approximately Rs 1,400 crore to expand its area of operation to onshore exploration and production and offshore ...

OUTLOOK: VA Tech Wabag focuses on emerging markets to grow biz
Chennai, June 13 VA Tech Wabag, the international water management company headquartered in Chennai, has set its focus on emerging markets to grow ...

NEW PROJECTS: Leitner Shriram to invest Rs 80 cr in wind turbine facility expansion
Chennai, June 13 Leitner Shriram Manufacturing Company, the joint venture of Shriram EPC and Leitwind Technologies of the Netherlands, proposes to invest a further Rs 80 crore in expansion of its wind turbine generator manufacturing facility ...

ACCOUNTING STANDARDS: IFRS adoption: It may be tougher for financial companies
The implementation of the International Financial Reporting Standards (IFRS) may turn out to be very challenging and cost consuming for financial companies as it will deal with more complex auditing systems, according to Mr P.R. Ramesh, ...

OVERSEAS INVESTMENTS: Global Green to expand footprint
Bangalore, June 13 Global Green Company Ltd (GGCL), the agribusiness subsidiary of the $3 billion Avantha Group led by Mr Gautam Thapar, will be expanding its operations to Vietnam and the Philippines to enlarge its global ...

DIVIDEND ANNOUNCEMENT: Are dividends worth it?
A friend of mine was gleeful that a 200 per cent dividend had been declared by a company he purchased shares in, a few months earlier. A little while later Rs 4,000 was credited to his ...

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