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Sun Pharma unit gets USFDA nod for anti-allergic drug
Drug firm Sun Pharma today said it has received the US regulator"s approval for the generic version of Acular, used to treat pain and swelling after eye surgeries.

ComMin wants 3-year I-T waiver for labour-intensive exports
In an attempt to support exporters hit by the ongoing global economic crisis, the commerce ministry has proposed to its finance counterpart to exempt income tax for a period of three years for certain labour-intensive sectors like handicrafts, leather and textiles.

News of the day

Toyota targets 150 dealerships in India by 2010
World"s largest car maker Toyota today said it is looking to expand its dealership network in the country with plans to have a total of 150 outlets by 2010.
Small Business

Jaypee, L&T sign Rs 4,000 cr contract for MP power project

Jaiprakash Power Ventures, part of the Jaypee group and L&T-MHI ((a JV between L&T and Mitsubishi heavy industries) have signed an agreement for the supply and erection of the boiler and steam turbine and generator for the Jaypee Nigrie super thermal power project. The contract is valued at Rs 4,000 crore. - Pre-IPO placements back in vogue - Jaypee to invest Rs 1,050 cr in Assam cement plant - JAL gets HC nod for merger of group firms with itself - GI Security in pact with Canpro Global Services - L&T yet to take call on Mahindra Satyam stake sale - L&T asks Sebi to relax Satyam stake sale lock-in The project which is coming up in Singrauli district of Madhya Pradesh comprises two 660 MW super-critical units. While the contract for the Boiler Island has been given to L&T-MHI Boilers, the steam turbine generator has been given to L&T. The expected date of commissioning for unit I and unit II are 45 and 51 months, respectively. On the Bombay Stock Exchange, L&T"s shares closed on Wednesday at Rs 1,421.80, down 1.57 per cent.


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