Thursday, October 1, 2009

Corporate News


􀂄 Dr Reddy's Laboratories (DRL) stated that it is recalling four
of its drugs used in the treatment of ailments such as allergy,
depression and high cholesterol from the US market. - BS

􀂄 ONGC-Hinduja Group alliance has lost the rights to develop
Iran's South Azadegan oilfield to CNPC of China. - BS

􀂄 Siemens announced that it has bagged two orders worth
Rs 360 crore from state-run Power Grid Corp (PGCIL) for
commissioning of power substations. - BS

􀂄 Israeli drug firm Taro Pharmaceuticals has filed a law suit
in a US district court against Mumbai-based Sun
Pharmaceutical Industries alleging violation of nondisclosure
agreement and misleading shareholders. - BS

􀂄 Hindustan Construction Company (HCC) has signed an
memorandum of understanding (MoU) with the international
engineering and project management company AMEC plc
to jointly explore the application of consulting and EPC
services for the establishment of nuclear power plants in India. - BS

􀂄 Tata Consultancy Service (TCS) will provide annual
Application Management Services (AMS) for two years in a
multi-million dollar with the Singapore People's Association (SPA). - BS

􀂄 Opto Circuits (India) Ltd (OCI) announced that its US-based
subsidiary, Criticare Systems Inc (CSI), has forged a multiyear
original equipment manufacturing contract with another
US company to privately

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