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VAL buys alumina from traders for Jharsuguda smelter
Vedanta Aluminium Ltd. (VAL), which has set up a 0.5 million tonne aluminium smelter at Jharsuguda in Orissa, is forced to purchase alumina from traders importing the material from countries like Australia to keep its smelter in operation.

Satluj Jal Vidyut IPO likely in next fiscal: CMD
Public sector hydropower producer Satluj Jal Vidyut Nigam (SJVN) today said its proposed initial public offer is likely to come in the next fiscal and the company is in the process of appointing independent directors, a prerequisite for firms planning to hit the market.

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Satyam, Quattrocchi kept CBI busy in 2009
The probe into the Rs 14,000-crore Satyam fraud, clean chit to Italian businessman Ottavio Quattrocchi in the Bofors payoff scam and a number of high- profile cases kept the country"s premier investigating agency busy in 2009.
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Dr Reddys Labs gets USFDA nod for Omeprazole Mg OTC

Drug manufacturer Dr Reddy"s Laboratories today said it has received US regulatory approval for anti-heartburn capsules. Sensex ends up 35pts Omeprazole Mg OTC is indicated for the treatment of heartburn. Dr Reddy"s formulation contains 20.6 mg Omeprazole Mg and the dosage form is a capsule, the filing added.


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