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Granules Q1 net up 129% at Rs 6 cr
Granules India Limited (GIL), a Hyderabad-based active pharmaceutical ingredients (APIs) and pharmaceutical formulations intermediates, reported a net profit of Rs 6.19 crore for the quarter ended June 2009, as compared with Rs 2.7 crore in the corresponding quarter last year, reflecting an increase of 129.25 per cent. generic levitra

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BSA Motors seeks road tax waiver from Gujarat government
In its hope to see electric two-wheeler sales rising in Gujarat, Chennai-based BSA Motors, a business unit of Tube Investments of India (TII), part of the Rs 15,646 crore Murugappa Group, has submitted a memorandum with the state government seeking eight per cent waiver in road tax, reduction in VAT as well as provision of subsidy for the products. Once implemented, BSA Motors hopes to achieve 15 per cent of its total sales target from Gujarat.

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India unlikely to achieve $200 bn export target: Scindia
India is unlikely to achieve the $200 billion export target this fiscal due to the continuing global financial crisis, the Rajya Sabha was informed today.
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Bharti nears deal with Warid in Bangladesh

Telecom giant Bharti Airtel is close to clinching a deal to acquire 70 per cent stake in Warid Telecom, a local mobile company in Bangladesh owned by Abu Dhabi Group, with top officials from both companies meeting here to "brainstorm a consensus", a media report said today. - DoT to impose Rs 132 cr penalty on telcos - India Inc looks within for merger & acquisitions - Experts divided over predatory pricing - AUSPI hits out at Bharti on predatory pricing - Project management gathers momentum as infrastructure grows - Support at 4,900 likely to melt soon "A Memorandum of Understanding (MoU) could be signed between the companies during the visit," an official at Warid Telecom was quoted as saying by the Daily Star. Bharti Airtel has placed a $300-million initial investment plan before the Bangladesh Telecommunication Regulatory Commission (BTRC), which will be implemented after signing the deal, the paper said. The nod of BTRC has been sought by Bharti Airtel in a letter to buy the stake in Bangladesh operations of Warid Telecom. The MoU is the primary step before signing the final deal between the companies to share confidential business strategies. According to the newspaper, the regulatory authority has asked for some documents, including Airtel"s investment plan in Bangladesh and board of director"s approval from both the companies regarding the deal. "The BTRC has asked the companies to submit these documents before signing the deal," BTRC Chairman Zia Ahmed said, the paper reported. Bharti Enterprises Chairman and Group CEO Sunil Bharti Mittal met Bangladesh Telecom Minister Rajiuddin Ahmed Raju yesterday. Airtel is going to invest in Bangladesh, Sunil Kanti Bosh, secretary of telecommunication ministry, said adding that the company also looks for providing telecom services between India and Bangladesh at affordable cost. Warid made its Bangladesh debut as the sixth mobile operator in May 2007 and has roped in 2.79 million subscribers until October. Several companies like SingTel, Vodafone and Etisalat had also approached Warid to form a partnership in Bangladesh, the Daily Star said.


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