For the year ending March 31, 2009, the turnover of the Power Sector Southern Region (PSSR) division - which is the engineering, procurement and construction wing of the state-managed Bharat Heavy Electricals Ltd (BHEL) - has crossed the Rs. 1,000-crore mark! The precise turnover figures stand at Rs. 1,000.40 crore as compared to the earlier year figures of Rs. 675 crore.

The stu

Bangalore-based Strides Arcolab, a global pharmaceutical company, has announced that it has got tentative approval from the U.S. Food and Drug Administration for a combination drug containing Lamivudine and Stavudine, which is used in the treatment of AIDS.

In an announcement, the company said that the sanction for lamivudine and stavudine in 150-milligram/30-mg dosages in tablet form, was expedited under the provisions of the President`s Emergency Plant for AIDS Relief (PEPFAR).

In a latest development, Hyderabad-based drug developer Suven Life Sciences has informed that its molecule for Alzheimer's disease will soon enter phase two trials.

According to sources, the phase two trials will cost the company $20 million. The company is presently in the process of raising funds for the trials through a combination of debt, equity and strategic partner.

Last week, the company announced that more than half-a-dozen companies have shown interest in partnering the company for developing 'SUVN 502' molecule.

Reliance Communications informed on Tuesday that it will open 82 new exclusive mobile stores in Punjab under its expansion programme.

Under the arrangement, the company would undertake expansion drive across several districts of state including Amritsar, Bhatinda, Chandigarh, Jalandhar, Ludhiana and Patiala.

According to company officials, the latest move is to bring affordable services closer to the people of Punjab and provide easier and faster access to world class telecommunications solutions.