Tata Indicom, the fastest growing telecom service provider, has announced the launch of the first ever CDMA AM/FM enabled mobile phone in the market.
 
The newly launched handset comes with a unique radio-inspired design with volume boosters for clarity of sound even in noisy environments. Other than FM frequency channels, the handset comes equipped with AM too, a first amongst CDMA phones. 

Country's leading credit rating agency ICRA Limited (ICRA) has signed a Memorandum of Understanding (MoU) with Andhra Bank.

Under the arrangement, ICRA will assign Bank Loan ratings to the Bank's loans and its other exposures under the standardized approach of RBI's New Capital Adequacy Framework for Basel-II. 

ICRA's ratings for the standardized approach would be carried out under its "Line of Credit" rating service and would enable Andhra Bank to assign the new risk weights applicable to its borrowers under Basel-II. 

Kirloskar Brothers Ltd has informed that its joint venture christened SCL-INDU-KBL-WEG, has received a contract worth Rs 1446 crore from the Government of Andhra Pradesh Irrigation and CAD Dept. for Pranahitha - Chevella lift Irrigation Scheme-Link VII-Package No.22. 

The scope of work involves Investigation, Designs, Execution of Lift Irrigation Scheme for drawal / Lifting of 11.5 TMC of water in 120 days from foreshore of Kondam Cheruvu near Manchippa Village, Nizamabad (M), Nizamabad District by water conveyor system with all associated components.

Maneesh Pharmaceuticals Ltd, one of the leading pharmaceutical company, has joined hand with Disney Consumer Products (DCP) to market its Smyle range of baby care products under the Disney Baby brand. 

Mumbai-headquartered firm has entered into an exclusive licensing pact with DCP to develop, manufacture and market entire Disney Baby care range of products for South Asia and India. 

Maneesh Pharmaceuticals will enter the niche market of baby care products under its marketing division of Svizera Health Remedies, primarily cater to personal care needs of infants. The firm will market Disney Baby care product range which includes Baby Massage Oil, Soap, Bath, Shampoo, Talc Powder, Lotion and Wet Wipes.

Glenmark Pharmaceuticals has decided to quit clinical trails for its experimental Osteoarthritis molecule development. 

Further, its partner Eli Lilly has also suspended further clinical development for GRC 6211, used in Osteoarthritis pain. The Glenmark deal with Eli Lily on GRC6211 was potentially worth USD350 million.

Last October, Glenmark had agreed to sell the marketing rights for its experimental pain treatment molecule to Eli Lilly for an upfront fee of 45 million dollar. 

Bangalore-based Phoenix Group Global, a multinational conglomerate, is planning to spend over Rs 500 crore in various hotel, real estate and floriculture projects throughout the country. 

The company plans to fund the proposed investment through debt (70%) and equity (30%).

According to sources, the company would launch hotel projects under its new brand Zuri Hotels and Resorts in Bangalore, Chennai, Ahmedabad, Kochi, Nagpur and Visakhapatnam.