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View Article  Apollo Hospitals to invest Rs 350 cr to add 1,800 beds

Chennai-based Apollo Hospitals Group on Monday said that it would invest Rs 350 crore to add 1,800 beds in the next 18 months through acquisitions and creation of green-field facilities.

Click the following link http://ww4.6URL.com/06M2 to read the complete article.

 

 

View Article  Paramount Airways plans private equity placement

Private equity continues to chase aviation companies in India. The Coimbatore-based Paramount Airways is the latest in the string of Indian carriers heading for private equity placement. The all-business class airline that started operations last month has been valued at $100m, according to sources close to the deal.

Click the following link http://ww4.6URL.com/06LI to read the complete article.

View Article  Govt unfazed by Left, to widen its FDI plans

The government’s ambition to open up the economy to FDI is growing by the day despite Left opposition. The current FDI review, which has been entrusted to the GoM, will look at food retail, breweries, cold chains.

Click the following link http://ww4.6URL.com/06LG to read the complete article.

View Article  Global retailers gear up for Indian entry

Though the FDI policy in the retail sector remains unclear, overseas players are bracing themselves for an entry and are firming up plans for the Indian market.Close on the heels of the Wal-Mart Chief's visit to India earlier this year, UK-based retailer Tesco's CEO, Terry Leahy, is slated to make his first visit to the country next week.

Click the following link http://ww4.6URL.com/06LF to read the complete article.

 

View Article  Aurobindo gets U.S. FDA approval for Cephalexin

Aurobindo Pharma Ltd has announced that U.S. Food Drug Administration (US FDA) has approved its Cephalexin capsules USP 250 mg & 500 mg.The company has achieved another major milestone by obtaining the first product approval from the dedicated Cephalosporin facility (Unit VI, situated in Medak District, Andhra Pradesh, India).

Click the following link http://ww4.6URL.com/06LE to read the complete article.

 

View Article  InfoStep sets up centre in Hyderabad

InfoStep, a technology solutions provider for enterprises, has announced the setting up of its Indian offshore development centre in Hyderabad wherein the company plans to invest up to $5 million within the next two years.

Click the following link http://ww4.6URL.com/06LC to read the complete article.

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View Article  India, world’s biggest food market

Influenced by the changes in the consumer demand, supply-chain dynamics and marketing interventions, India is emerging as a major world market for retail sales of foods, a CII-AC Nielsen ORG-MARG report has said .

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View Article  PSU banks' foreign operations to be merged

The Union finance ministry may soon rationalise and consolidate public sector banks’ (PSBs) overseas operations under the banner of just a few big banks. Consequently, the government may soon take a decision to allow only a limited number of PSBs to expand abroad.

Click the following link http://ww4.6URL.com/06LA to read the complete article.

 

View Article  "India will not succumb to pressure"

India will not succumb to pressure from any country at the coming World Trade Organisation Ministerial Conference in Hong Kong next month, Commerce and Industries Minister Kamal Nath has assured the Left parties.

Click the following link http://ww4.6URL.com/06L9 to read the complete article.

View Article  Ficci seeks cut in tax rates, lower fiscal deficit

Displeased with this year's tax reforms, industry chamber Ficci proposed on Sunday further cuts in tax rates, and yet target a lower fiscal deficit of 4 per cent of GDP in the budget for 2006-07.

Click the following link http://ww4.6URL.com/06L4 to read the complete article.

 

View Article  Crude prices still high: FM

Union finance minister Mr P Chidambaram has ruled out any immediate reduction in domestic petrol and diesel prices in the wake of the steep drop in international crude prices, saying the present rate of $56 per barrel is still high.

Click the following link http://ww4.6URL.com/06L1 to read the complete article.