The US Food and Drug Administration (FDA) can take more time to approve Ranbaxy's generic version of GSK's anti-migraine medicine, Imitrex. The delay may cause potential loss of Rs 300 crore to the drug major. Research Analyst Ranjit Kapadia said, "Since, Ranbaxy has not been able to launch the drug in the US and patent for the drug is also going to expire in February 2009, the company may have to suffer a potential revenue loss of Rs 240-250 crore in the current year."
Vijay Mallya-promoted Kingfisher Airlines has finally slashed its domestic basic fares by up to 65 per cent, indicating an average reduction of around 20 per cent in overall fares.
Last week, Kingfisher had declared a range of fare cuts without indicating the quantum of cuts across sectors.
The company's announcement follows moves by rival Jet Airways and Air India, the country's national carrier to trim their basic fares by an average of 50 per cent and 40 per cent respectively.
Vodafone has made announcement about the launching of its new service, named ‘Vodafone Friends Circle’ permitting customers to make local calls to family and friends more frequent and long.
The offer is for both pre paid and post paid users.
The facility allows users to add up at least 5 numbers and enjoy extra talk time to local calls at just 20 paise per min.
This service can easily be activated by sending an SMS ‘FRIENDS’ to a toll free number 144.
The Cabinet Committee on Economic Affairs (CCEA) has exempted PepsiCo from the divestment clause, paving a way for the infusion of $50-million (about Rs. 250 crore) foreign direct investment (FDI) from Pepsico Holdings to its Indian operations. The Union Government has already allowed 100% foreign direct investment (FDI) in the food processing sector.
Addressing reports, Union Science and Technology Minister, Kapil Sibal said, "When Pepsico India Holding first invested in India, guidelines for investment were different. The guidelines have changed now."
On the very first day of the 2009, Nokia launched its ‘Take Back’ campaign with the aim to encourage the users of mobile phone to dispose off their used handsets and accessories at any of the recycling bins set up across Nokia priority dealers and Nokia care centres, no matter what brand they belong to.
Nokia would plant a tree for each handset dropped into the recycling bins and would also be gifting presents to the people participating in its campaign.
The US Food and Drug Administration (FDA) can take more time to approve Ranbaxy's generic version of GSK's anti-migraine medicine, Imitrex. The delay may cause potential loss of Rs 300 crore to the drug major. Research Analyst Ranjit Kapadia said, "Since, Ranbaxy has not been able to launch the drug in the US and patent for the drug is also going to expire in February 2009, the company may have to suffer a potential revenue loss of Rs 240-250 crore in the current year." 
Vijay Mallya-promoted Kingfisher Airlines has finally slashed its domestic basic fares by up to 65 per cent, indicating an average reduction of around 20 per cent in overall fares. 
Vodafone has made announcement about the launching of its new service, named ‘Vodafone Friends Circle’ permitting customers to make local calls to family and friends more frequent and long.
The Cabinet Committee on Economic Affairs (CCEA) has exempted PepsiCo from the divestment clause, paving a way for the infusion of $50-million (about Rs. 250 crore) foreign direct investment (FDI) from Pepsico Holdings to its Indian operations. The Union Government has already allowed 100% foreign direct investment (FDI) in the food processing sector.
On the very first day of the 2009, Nokia launched its ‘Take Back’ campaign with the aim to encourage the users of mobile phone to dispose off their used handsets and accessories at any of the recycling bins set up across Nokia priority dealers and Nokia care centres, no matter what brand they belong to. 
