Plethico Pharmaceuticals to raise $10 million through equity offerings

Plethico-PharmaceuticalsPlethico Pharmaceuticals said on Thursday that it is planning to raise as much as $100 million through equity offerings. It would be considering all the possible routes. This would include Qualified Institutional Placement (QIP), American Depository Receipts (ADRs) and Depository Receipts (GDRs).

The drug company is also considering Foreign Currency Convertible Bonds (FCCBs). It has also not negated the fact of raising money from the share market.

Food inflation comes down to 16.22%

Food-InflationAfter staying on very high level for months, the food inflation of India has come down to 16.22 per cent. This is for the third consecutive week that the rate has come down.

The fuel inflation, however, has maintained a steady rate in the given period. The fuel price index was at 12.68 per cent for the week ending March 13.

This has happened because of the oil prices in the world market have continued to go up.

TB is a big threat to the World; more action required from Indian Authorities

World-Health-OrganizationWorld Health Organization has revealed a fact that TB is more popular in developing countries and majority of poor are suffering from this infection. India alone contributes one fifth of the world TB cases.

South-East Asia regional director of WHO, Samlee Plianbangchang, said on World Tuberculosis Day, India has high mortality and morbidity rate due to TB, but by the end of 2009, it was recorded that mortality rate has been reduced by one third and infection caused by TB has also reduced by half in India.

ONGC’s plant meets target as it goes for acquisitions

ONGCOil and Natural Gas Commission's (ONGC) Tripura unit has crossed all the records in producing and selling of gas and well drillings. The unit has been able to do so in just nine months of the financial year of 2009-19. This was declared by the officials of ONGC on Thursday.

ONGC has also made a discovery of gas pool in Sundalbari in South Tripura.

The actual production of gas by Tripura unit was 421.038 Million Metric Standard Cubic Metre (MMSCM) as against the set target of 368.805 MMSCM from the time period between April 1 and December 1 of 2009.

DB Corp to come up with new editions

DB-CorpPrint media company, DB Corporation has declared that it will come up with new editions. This extension would be done under the flagship brand name of Dainik Bhaskar.

DB Corporation has popular newspapers like the Divya Bhaskar, Business Bhaskar, Saurashtra Samachar and DB Star in its portfolio. It currently owns 7 main newspapers, 48 edition newspapers and 128 sub-editions.

The newspapers are available in only three languages- Hindi, Gujarati and English.

Saab makes it official, Saab-9-5 @ £26,495

SAAB-9-5In a bid to pose threat against the arch rival, BMW, Saab, the Swedish car maker has released the price of its latest offering Saab 9-5 at £26,495 to £37,995.

With the pre-orders initiating from today, the production has taken a lift from its Trollhatten plant in Sweden. It is supposed to hit showrooms of UK by summer.

It will feature itself in three engines i. e. 160bhp 2.0-litre diesel, 220bhp 2.0-litre and 300bhp 2.8-litre petrol engines. In due time 190bhp 2.0-litre diesel and 180bhp 1.6-litre petrol engine will join the league.

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