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Venus Remedies, Korean firm sign out-licensing deal
Drug firm Venus Remedies today said it has signed an out-licensing deal with a Korean firm for selling Sulbactomax drug, used in the treatment of pre or post-surgical infection and also for respiratory infections, in South Korea.

Milking it
While housewives across the country are complaining about high inflation levels, Mother Dairy has come up with a great advertising idea. It has put out advertisements saying it has not hiked prices of its toned milk and full cream milk. The move comes at a time when some of its competitors (like Amul) have raised prices. Mother Dairy says the advertisement has been issued in the public interest.

News of the day

Ambani row putting stress on Dhirubhai's legacy: Khurshid
The high-voltage battle between the Ambani siblings -- Mukesh and Anil -- has put under stress the legacy of their father Dhirubhai Ambani, Corporate Affairs Minister Salman Khurshid said today.
Public Relations

Advance tax collections shore up in Q2

Advance tax collection shored up in the second quarter of the financial year indicating expectations of profit for the September quarter. - IOC may shell out Rs 1,100 cr to buy 5% stake in Oil India - Govindraj Ethiraj: The fear of a PSU called Jet Airways">Govindraj Ethiraj: The fear of a PSU called Jet Airways - B-schools to lure more PSUs for placements this year - CIL to commission 19 washeries entailing Rs 3K cr investment - IOC mulls to source 1-mn tonnes of crude from RIL"s KG field - IOC implementing Rs 60,000 cr worth projects, bets on petrochem Public sector lender, State Bank of India (SBI) has paid Rs 1,832 crore in the second quarter of 2009-10 as against Rs 1,068 crore in the corresponding period last year. Other public sector banks like Bank of India paid Rs 470 crore as against Rs 230 crore,Bank of Baroda paid Rs 412 crore compared to Rs 255 crore and Central Bank of India paid Rs 73 crore respectively. Private sector lender Yes Bank paid Rs 58 crore as against Rs 33 crore in the corresponding period last year. Among Tata group firms,Tata Consultancy Services paid Rs 220 crore advance tax compared to Rs 53 crore in the corresponding period last year. During the second quarter BPCL, M&M, Lupin paid Rs 312 crore, Rs 112 crore and Rs 49.7 crore respectively as against Rs 40 crore, 17.5 crore and 11.4 crore in the same period a year ago. Bombay Stock Exchange’s sensitive indices Sensex was up 1.31 per cent or 212.70 points to 16,426 points at 12:34 pm.


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