GlaxoSmithKline Plc (GSK.L) will share over 800 of its patents with researchers trying to make new medicines for tropical diseases, including malaria, and HIV/Aids.
The world's second-largest drug manufacturer also said that it will lessen the price of its drugs in poor nations from next week.
GlaxoSmithKline declared the moves on Tuesday during its annual corporate responsibility report, following a promise by Chief Executive Andrew Witty in an address at Harvard in February 2009 to do more to aid the developing world.
L&T and Spice Group have emerged as front runners among seven other players for acquiring 51 per cent stake in the tainted Satyam Computer Services.
The company has been in limelight following the disclosure of largest ever corporate auditing fraud by its founder chief B Ramalinga Raju and other top executives of the Indian outsourcer.
The country's largest pharmaceutical company, Ranbaxy Laboratories Ltd has managed to get Good Manufacturing Practice (GMP) certificates from the concerned departments in the UK and Australia for its Paonta Sahib plant.
The authorities from both countries investigated the utility as per respective principles and guidelines of GMP in 2006 and finally gave nod to drug manufacturing after re-examining the plant in 2008.
Geneva - Holcim, a Swiss cement supply company, said Monday it had opened international arbitration proceedings against Venezuela, after the South American government failed to pay compensation for the nationalization of its branch there last year.
Along with two other foreign-owned cement companies, Holcim's assets were seized by Caracas in the summer, the company said in statement.
In violation of an agreement between the company and Venezuela, the Swiss firm was never compensated and the government cut off all contact by October.
Adani Wilmar, famous for its best-selling edible oil brand Fortune, would double the capacity of its Haldia based utility to 1,600 tonnes per day by December 2009. The company, with total worth of Rs 6,000 crore, would invest Rs 100 crore for the project to complete it by 2012.
Adani Wilmar CEO, Atul Chaturvedi said, "We are in the process of enhancing the Haldia unit's capacity from the existing 800 tonnes per day. We acquired nearly 8 acres of additional land adjacent to the existing unit spread over 9 acres for the same."
Essar Steel started a new steel processing facility at Oragadam near Chennai investing Rs 75 crore in a bid to enhance its steel service center capacity to satisfy growing demand of steel from clients.
The new facility, located at the SIPCOT Industrial Growth Centre at Oragadam, was inaugurated by Mr. TS Narayanasami, CMD of Bank of India in the presence of Essar Group Chairman Mr. Shashi Ruia.
GlaxoSmithKline Plc (GSK.L) will share over 800 of its patents with researchers trying to make new medicines for tropical diseases, including malaria, and HIV/Aids.
L&T and Spice Group have emerged as front runners among seven other players for acquiring 51 per cent stake in the tainted Satyam Computer Services. 
The country's largest pharmaceutical company, Ranbaxy Laboratories Ltd has managed to get Good Manufacturing Practice (GMP) certificates from the concerned departments in the UK and Australia for its Paonta Sahib plant. 
Geneva - Holcim, a Swiss cement supply company, said Monday it had opened international arbitration proceedings against Venezuela, after the South American government failed to pay compensation for the nationalization of its branch there last year.
Adani Wilmar, famous for its best-selling edible oil brand Fortune, would double the capacity of its Haldia based utility to 1,600 tonnes per day by December 2009. The company, with total worth of Rs 6,000 crore, would invest Rs 100 crore for the project to complete it by 2012.
Essar Steel started a new steel processing facility at Oragadam near Chennai investing Rs 75 crore in a bid to enhance its steel service center capacity to satisfy growing demand of steel from clients.
