Country’s leading pharmaceutical firm, Piramal Healthcare Limited alongwith France-based Pierre Fabre group have jointly launched a new dermo-cosmetic range "DUCRAY" in the Indian market.

Three sub-ranges of products have been launched namely Ducray Hair Care, Ducray Skin care & A-derma. Ducray hair care focuses on scalp and hair care solutions, while Ducray skin care focuses on skin comfort and A-Derma focuses on irritated and sensitive skins.

The company expects to make Rs 20 crore in revenue in two years from the sale of 'Ducray' range of skin and hair care products, which will be available on dermatologists’ recommendation and at all organized chemist stores across India.

Fidelity International’s Indian asset management company has launched its Fidelity Flexi Gilt Fund, an open ended gilt scheme that aims to generate sovereign linked returns primarily through investments in securities issued by the Central / State Government or any security unconditionally guaranteed by the Central / State Government.

The NFO for the fund will be open from July 23 – 31, 2008 and thereafter it will open for ongoing purchases and redemptions from August 8, 2008.

The Fidelity Flexi Gilt Fund will offer Growth and Dividend options.  

Bilcare and US-based Meadwestvaco Corp have acquired a pharmaceutical company International Labs, Florida.

The amount of deal and terms and conditions of deal are not disclosed by the companies.

International Labs said that the deal will boost up the packaging business across the globe. It is known for contract packaging for retail pharmacies and large drug manufacturers.

Mumbai-based Global Vectra Helicorp, Country’s largest private sector offshore helicopter company, has entered into a two-year aviation turbine fuel (ATF) contract with Reliance Industries and ONGC to hedge its jet fuel purchases.

The Reserve Bank of India (RBI) had allowed the Indian aviation industry to hedge their ATF price risks as early as May 2007, when crude prices were trading at nearly $70 per barrel.

In the last eight months, crude prices have risen by over 70% to around $135 per barrel.

Of the global population of around 25,000 helicopters, around 200 helicopters are operating in India, of which 150 are in the non-scheduled segment.  

Kolkata-based Energy Development Company Limited has decided to set up a 1.5 MW wind mill energy plant in District - Chitradurg in the state of Karnataka, with a capital investment of Rs 9.5 crore

3i Infotech, a global provider of IT solutions and the fourth largest Indian software product company, has signed an agreement with Public-sector Bank of India, to implement Amlock, 3i Infotech's a