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Ajit Ranade: The Coming Capital Famine
Ajit Ranade / January 26, 2010, 0:35 IST

Customs duty cut for brownfield power projects
A Union finance ministry notification has extended the basic customs duty concession applicable on equipment for entirely new (‘greenfield’) power projects to expansion (‘brownfield’) of existing units, too.

News of the day

ITC posts 26% rise in PAT at Rs 1,009 cr
ITC has posted a 26 per cent rise in net profit after tax (PAT) of Rs 1009.91 crore for the quarter ended September 30, 2009 as compared to Rs 802.7 crore for the quarter ended September 30, 2008.
Business Ideas

Aurobindo Pharma receives Swissmedic approval for cefepime for injection

Hyderabad-based Aurobindo Pharma Limited received approval from Swissmedic, an agency of Switzerland government for therapeutic products, for the licence of Cefepime APL for injection 1g and 2g. - Ranbaxy receives final USFDA approval for Glycopyrolate - SC pulls up Ranbaxy for delayed raising of refund issue - Sun Pharma invalidates Eli Lilly"s Gemzar patent - Glenmark"s drug fails clinical trials - Aurobindo Pharma up 2.4% - Aurobindo to acquire Trident Life This is used for moderate to severe pneumonia, septicaemia, skin and intra-abdominal infections. This is Auorbindo"s second product approval from Swissmedic, according to a press release. The company scrip was trading at Rs 730 on BSE, down 0.35 per cent compared to the previous day"s close of Rs 715.5.


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