business

Japanese Financial Giant Nomura downgraded Bharti Airtel citing concerns about 3G auction price hikes, and the impact of the MTN deal on earnings. Large operators will likely bid to overcome capacity constraints in key metros, and to avoid giving competitors any spectrum advantage. Returns will likely be adversely affected. Apart from 3G, number portability could … Read more Nomura Downgrades Bharti Airtel

Pharmaceutical major Glenmark Pharmaceuticals’ subsidiary Glenmark Generics (GGL) has received ANDA approval from United States Food and Drug Administration (USFDA) for Alclometasone Dipropionate Cream, 0.05% and will start marketing and distribution of same in US market very soon. Alclometasone Dipropionate is a low to medium potency corticosteroid indicated for relief of the inflammatory and pruritic … Read more Glenmark Pharma’s subsidiary receives USFDA approval for Alclometasone

Bharti Airtel, one of the leading telecom service providers in India, has launched ‘Jobs On Mobile Service’ in Karnataka — a job search service for blue collar jobs such as drivers, cooks, guards and many more. With demand for blue collar jobs increasing steadily, the telecom operator has launched the job search service to bridge … Read more Airtel introduces job search services on mobile – Where is the Service ?

Dr. Reddy’s Laboratories has launched Bispec (Solifencin Succinate) in India. The drug is used in the management of Over Active Bladder (OAB) and is the best-in-class for OAB and has lesser incidence of dry mouth and constipation. Usually patients suffering from OAB have a warning time of about 12 seconds; however, Solifencin Succinate helps in … Read more Dr. Reddy’s launches Bispec for management of OAB

Engineering and construction firm, IRB Infrastructure Developers has emerged as a lowest bidder for a project from National Highways Authority of India (NHAI). The project envisages design, engineering, finance, construction, operation and maintenance of Jaipur to Deoli Section of NH12 from km 18.700 to km 165 in Rajasthan under NHDP Phase III on BOT Basis. … Read more IRB Infra emerges lowest bidder for Jaipur to Deoli Section of NH12 project

IT firm Tech Mahindra is looking to raise fresh funds by issuing up to 1.36 crore equity shares to institutional investors through private placement or qualified institutional placement (QIP) route. The total size of the issue is not made public by the company but as per its Monday’s closing price of Rs 740.15 a share … Read more Tech Mahindra to raise fresh funds from institutional investors