Arvind Mills Intends Raising Rs 263 Cr Through Warrants

arvindThrough subscription of preferential warrants allocation, the creators of Arvind Mills Ltd are ready to expand their shareholding in the textiles company by about 13 per cent from the subsisting 33 per cent.

In a statement to the stock markets, the company said that the founders of the company would pay a regular contribution to 50.6 million warrants, transformable into equity within the 18 months at Rs 52 per share.

USFDA Sanctions Ringworm Drug For Younger Kids

FDALos Angeles: The Food and Drug Administration had sanctioned a new version of a ringworm drug to treat tinea capitis, a scalp fungus for children aged 4 years and older.

Tinea capitis is an unrelenting and infectious fungal infection, which generally does not respond to topical treatment. It can result in severe itchiness, dandruff and bald patches.

Bharti Signs Del Monte As Its Strategic Partner For FieldFresh Foods

bhartiBharti Enterprises has declared addition of a second strategic partner in its retail expansion on Friday by adding up Filipino firm Del Monte Pacific Ltd in its business enterprise, FieldFresh Foods Pvt Ltd to sell agricultural products.

Bharti will get hold of Del Monte's Indian manufacturing facilities in Bharti's strategic move from retailing fresh farm produce to making processed goods.

Wajeehudin challenges Musharraf’s candidature in Pak EC

Reliance Power Follows IPO Path

Pak SC’s clearance to Musharraf sparks howls of protest from Opposition

Islamabad, Sep 29 : The Pakistan's Supreme Court go ahead to President General Pervez Musharraf to contest the October 6 presidential polls in uniform, has lead to howls of protest from the Opposition parties.

Terming the verdict as disappointing, the Muttahida Majlis-e-Amal (MMA) has announced that it would file a review petition against the apex court’s decision in Musharraf’s dual office case.

“We will fight (against the decision) in the Parliament, the Election Commission and the SC,” MMA Senator Khurshid Ahmed told reporters.

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