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| Pharmaceutical
industry |
- The
US FDA has approved Ranbaxy Laboratories' cholesterol
lowering drug pravastatin sodium tablets in 10mg, 20mg,
40mg and 80mg dosages for to manufacture and marketing
in the US. The 80mg tablets have been granted 180-day
market exclusivity in the US.
- Vical
Incorporated has said that an influenza vaccine formulated
with Vaxfectin generated up to 60-fold higher antibody
responses than an unformulated vaccine at the same dose
in a recently completed study.
- DiaMedica
has completed enrollment in its phase II study evaluating
its lead product for the treatment of type 2-Diabetes.
- Rigel
Pharmaceuticals has presented data on its inflammatory
drug showing it raised platelet counts in a number of
patients in a phase II trial and patients have also
begun enrollment in a new mid stage trial.
- Cell
Therapeutics has reported that Xyotax, a biologically-enhanced
version of the cancer drug, Taxol, has qualified for
fast track designation for the treatment of PS2 or poor
performance status women with first-line advanced non-small
cell lung cancer.
- An
influenza vaccine has been produced inside the cells
of an insect and appears safe indicating that an alternative
to the traditional egg based method could be used to
develop vaccines.
- Pharmaceutical
industry: growth slowdown calls for new R&D strategies
Across the US healthcare market, R&D spend continues
to rise, totaling more than $50 billion during 2006.
Meanwhile, forecast growth for the biotech market is
markedly higher at 10.1% CAGR.
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| Aviation
industry |
- Jet
Airways will operate Air Sahara as a separate airline
under a new brand Jet Lite. The airline will be positioned
as a value carrier, which is a not fully low-cost but
positioning fare lower than full service airlines.
- The
Reliance ADAG group’s MF arm, which held 3.43%
in Air Deccan, has recently increased it to 4.65%.
- Sun
TV, a leading broadcaster with a bouquet of 20 regional
television channels and with a large presence in FM
radio, is set to tap the opportunities in the aviation
business.
- Terminals
at five major airports - Mumbai, Kolkata, Delhi, Chennai
and Thiruvananthapuram - have recorded an unprecedented
42.9% growth in passenger traffic during April-June
2006, compared with 19.8% in the year-ago period
- Germany-based
MRO service provider Lufthansa Technik will set up a
facility in India with an initial investment of Rs 100
crore to support the growing aviation sector in the
country. The new facility will be located at Shamshabad
in Andhra Pradesh - site of the upcoming Rajiv Gandhi
Hyderabad International Airport.
- GoAir,
part of the diversified Wadia group, has planned to
expand its 5-strong fleet to 18 planes by December 2008
and 34 by 2011.Airlines such as Deccan Aviation, Spicejet
and Jet Airways have managed to book profits of USD$3
million - USD$6 million on each aircraft under the lease
back route.
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| Automobile
Industry |
- Tata
Motors has launched its popular mini-truck Tata Ace
in Nepal. The 700 cc diesel engine mini-truck has been
powerfully engineered to acclimatize to the hilly terrain
of Nepal. Tata Motors has tied-up with Nepal's Sipradi
Trading to distribute and market the truck in the country.
Tata Ace's post-sales servicing would be backed by 20
centres spread across Nepal.The company has so far sold
96,000 units of Ace in India and Sri Lanka since its
launch in 2005.
- Maruti
net jumps 24% in Q4. Speaking to analysts after the
board meeting, Mr Jagdish Khattar, Managing Director,
said, "Sales has been propelled by compact cars."
The country's rapidly expanding economy has created
a more affluent middle class that has spurred demand
for cars.The increased sales is a result of its newly
introduced Zen Estilo and Swift diesel, Maruti Udyog
Ltd (MUL) on Tuesday reported a 24.3 per cent jump in
net profit for the fourth quarter ended (January-March)
March 31, 2007 at Rs 448.6 crore against Rs 360.9 crore
in the corresponding quarter the previous fiscal (January-March
2006).
- Tata
Motors today announced the launch of an upgraded range
of its entry-level utility vehicle, Tata Spacio. The
upgraded vehicle, Spacio Gold Plus, is priced between
Rs5.1 lakh and Rs5.4 lakh . The Spacio range is the
entry-level variant of the popular Tata Sumo and is
said to provide a fuel-efficiency of 15kmpl.
- Eicher
Motors buys US compay for $3.5 million. Commercial vehicle
maker Eicher Motors has acquired 100 per cent stake
in US-based Hoff and Associates, along with its two
subsidiaries in Beijing and Shanghai, for $3.5 million
(Rs 14.70 crore).
- After
setting up auto training institutes and manufacturing
plants in Jamshedpur, Lucknow and Pune, Tata motors
is heading towards establishing an auto-training institute
at Singur, West Bengal, the site for the company’s
Rs 1-Lakh small car project. The training will come
up within six months; will impart training to members
of families who have lost their land for the Tata car
project.
- Indian
automobile companies made nearly 1.14 million cars in
the financial year that ended in March 2006, and analysts
forecast the market to reach 2 million units by 2010
as a boom in Asia's fourth-largest economy spurs consumer
spending. Domestic car sales in the financial year that
ended March 31 rose 22 percent from the year before
to 1,076,408 from 882,208 in 2005/06.
- During
GM chief Rick Wagoner’s visit to India, he formally
launched GM’s much-awaited small car, the Chevrolet
Spark, followed by a meeting with the dealers in India.
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| Information
Technology News |
- Juniper
Networks, Inc. announced new solutions driven
by expanded industry collaboration within its
Open IP Service Creation Program (OSCP). Acme
Packet and BitBand are the newest companies to
participate in the program and develop solutions
that deliver enhanced next-generation network
service management capabilities enabled by integration
with Juniper’s open portfolio of routing
and Session and Resource Control solutions.
- Shares
of Cognizant Technology Solutions Corporation,
a computer services company, fell the most in
four weeks after Piper Jaffray & Co. analyst
Mark Marostica downgraded the shares because of
``wage inflation’’ in India.
- ASUS
Technology introduced the WL-600g, which is an
all-in-one device that incorporates ADSL modem,
wireless router, ftp/printer server functions.
- SAP
AG and Adobe Systems Incorporated announced their
collaboration on a new product, SAP Enterprise
Learning environment, designed to help companies
drive continuous employee education more efficiently
and cost effectively than with traditional in-person
training.
- Gigabyte
Technology, one of the profound names in the IT
market, is growing rapidly in the motherboard
products category.
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