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Kenya
bill to help Indian pharma firms
In a move that is expected
to cause a domino effect, the Kenyan parliament has passed a bill allowing
imports and manufacture of cheaper drugs, including anti-AIDS medicines,
opening up a huge window of opportunity for Indian pharmaceutical companies
like Cipla and Hetero Drugs.
NPIL
shareholders vote on scheme of arrangement
The shareholders of Nicholas Piramal India Ltd cast their votes at the
court-convened meeting on Thursday on the scheme of arrangement between
Rhone-Poulenc (India) Ltd, NPIL Finvest Ltd, Super Pharma Ltd and Nicholas
Piramal India Ltd.
CMS
threatens to pull out of Ennore project
Even as the $2 billion Dabhol Power Project of the US energy major
Enron hangs in fire, another US-based power firm, CMS Energy, has threatened
to pull out of the $1.4 billion-1,600-MW Ennore power plant project, citing
lack of “cooperation and support”.
Copper
users cry foul over new pricing mechanism
The downstream copper-consuming industry, especially
small manufacturers of electrical equipment, are crying foul over the
revision in the copper pricing mechanism for CC rods and cathodes effective
June 1, 2001.
Corporate
scorecard: CI net up 16%
The Transport Corporation of India has recorded a turnover of Rs 499 crore
in 2000-01 as against Rs 436 crore in 1999-2000. The net profit of the
company has grown by 16 per cent (Rs 7.55 crore in 2000-2001 against Rs
6.51 crore in 1999-2000. The operating profits stood at Rs 27.10 crore
has also shown a 13 per cent over the last year figure of Rs 24.03 crore.
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