Biocon in Pact With Optimer Pharmaceuticals

Biocon has entered into a long-term supply agreement with Optimer Pharmaceuticals, Inc. for the commercial manufacturing of the active pharmaceutical ingredient (API) -fidaxomicin, the latter’s lead product candidate for the treatment of CDI.

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Aban Offshore gets LOI for Deployment of Jack-up Rigs

India’s largest offshore drilling contractor in the private sector, Aban Offshore has received Letter of Intent (LOI) for the deployment of jack-up rig Deep Driller 6 in the Middle East for an 18 firm wells plus 4 optional wells programme.

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Crest Animation to release Alpha & Omega

Crest Animation Studios, one of leading animation companies in India is all set to release its first 3D CGI stereoscopic animated film ‘Alpha & Omega’ out of Asia i.e., on September 17, 2010 in North America. The said film is co-produced by Crest Animation Studios and Lions Gate.

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RIL, ADAG Sign Simpler Non-Compete Pact

Reliance Industries (RIL), led by Mukesh Ambani and Reliance ADA group companies, Reliance Communications ,Reliance Infrastructure, Reliance Natural Resources(RNRL), Relaince capital led by Anil Ambani have approved and signed an agreement cancelling all the existing non-compete arrangements entered into between  the two companies in January 2006, pursuant to the scheme of reorganizations of the Reliance group and entered into a new simpler, non-compete arrangement with respect to only gas based power generation. The agreement was later unanimously approved by boards of RIL and Reliance ADA Group companies.

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Madhucon Projects Wins NHAI Project

Madhucon Projects has won a project from the National Highway Authority of India (NHAI) for 4-laning of Chhapra-Hazipur Section of NH-19 from kilo meter (km) 143.200 to 207.200 in the state of Bihar under National Highways Development Project (NHDP) III on build-operate-transfer (Annuity) basis.

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Central Bank’s Consolidated Net Profit Surges by 83% for FY 10

Central Bank has reported consolidated results for the year ended March 31, 2010.

The Group’s net profit has surged by 82.83% to Rs 1162.55 crore for the year ended March 31, 2010 as compared to Rs 635.85 crore for the year ended March 31, 2009. While, the total Income has increased by 19.75% from Rs 11540.97 crore for the year ended March 31, 2009 to Rs 13820.61 crore for the year ended March 31, 2010.

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Divis Laboratories’ net Profit Spikes up by 71% in Q4

Divis Laboratories has reported results for the quarter & year ended March 31, 2010.

Results for the Quarter ended March 31, 2010: Divis Laboratories’ net profit has spiked up by 70.62% to Rs 184.05 crore for the quarter ended March 31, 2010 as compared to Rs 107.87 crore for the quarter ended March 31, 2009. While, the total Income has slipped by 4.53% from Rs 330.64 crore for the quarter ended March 31, 2009 to Rs 315.67 crore for the quarter ended March 31, 2010.

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Jindal Drilling Gets its Board’s Restructuring Nod

Jindal Drilling & Industries’ board has decided and agreed to approve the scheme of arrangement.

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Godrej Consumer Agrees to Buy Issue Group

Godrej Consumer Products has inked a pact to acquire 100% stake in Laboratoria Cuenca, Consell SA, Issue Uruguay and Issue Brazil (collectively referred to as ‘Issue Group’) for an undisclosed amount.

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Firstobject Technologies Gets Board’s nod to Acquire e-learning Company

Firstobject Technologies has received its board’s approval for acquisition of Pre-school, an e-learning company, subject to legal documentation formalities.

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