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Colgate's Aurangabad factory hit by strike
FMCG player Colgate Palmolive today said production at its Aurangabad factory has been disrupted as workers have gone on strike since Saturday.

Top drug firms take in-licensing route to up sales
Leading Indian drug majors, such as Ranbaxy Laboratories, Dr Reddy’s Laboratories, Piramal Healthcare and Wockhardt, are in-licensing popular products from overseas drug makers to boost their domestic sales. They introduce the in-licensed drugs — which are mostly in the premium skin care segment — on payment of an upfront fee to the brand owners, who also get a share of the sales revenue.

News of the day

IATA wants AERA to rationalise airport user charges
The International Air Transport Association (IATA) has put India on the "Wall of Shame" for hiking airport user charges by over 200 per cent, but hopes that the Airports Economic Regulatory Authority (AERA) would play a role to rationalise these charges paid by airlines and passengers.
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Suzlon's REpower gets 954 MW wind turbines order

Suzlon Energy unit REpower today said it has bagged an order to supply up to 954 MW wind turbines for five projects in Canada. - Suzlon inks 42 MW contract with Australian firm - Suzlon shifts global HQ ops back to India - Suzlon Energy"s three promoters pledge 2.8 cr shares - Suzlon sells 35% stake in Hansen - Suzlon subsidiary to sell 35% stake in Hansen - Suzlon opens wind farm in Australia REpower Systems AG has signed a contract with EDF Energies Nouvelles and RES Canada which comprises of delivery of turbines with a capacity of 748 MW, with an option to supply an additional 206 MW capacity, Suzlon Energy said in a filing to the Bombay Stock Exchange. "This is a historic order, one of the largest in the North American market. It underlines the REpower value proposition not just as the world leader in the offshore with technology, but onshore as well," Suzlon Energy Chairman, MD and Chairman of Supervisory Board of REpower Systems Tulsi Tanti said. The contract guarantees a minimum purchase capacity of 748 MW for deliveries between 2011 and 2015, the filing added. Suzlon Energy holds 91 per cent stake in Germany-based REpower. "This is a giant leap forward for REpower towards our establishment in Canada, and bolsters our intentions of further growth in the whole of North America -- Canada and the US," REpower Systems AG CEO Per Hornung Pedersen said. France-based EDF Energies Nouvelles, is a major player in wind power and renewable energy market and Renewable Energy Systems Canada (RES) is renewable energy company.


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