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Zydus Cadila files anti-diabetic drug application with DCGI
Healthcare services provider Zydus Cadila has filed an application before the Drugs Controller General of India (DCGI) for its anti-diabetic drug.

Steel Ministry set to give shape to long-delayed reforms
There is generally little to recommend on government publications except for those that have some useful data. Not that there will not be exceptions. A new brochure from the steel ministry will find favour for offering an unambiguous roadmap for the industry’s future, along with neatly arranged data.

News of the day

SRK's black belt
You’ve heard of honorary doctorates, but honorary black belts? Bollywood czar Shahrukh Khan who has been appointed the Honorary Ambassador of Korea (Culture & Tourism) has been conferred the title ‘Honorary Black Belt (5 Dan) of Taekwondo’. The ceremony, a press release from the Korean National Tourism Organisation says, was held at the Taj Lands End Hotel in Mumbai. And in case you think SRK has just got the black belt for nothing, Korea’s honorary ambassador said, according to the press release, that he had ‘developed a keener interest in sports such as Taekwondo now because of his children — son Aryan, who has won 10 gold medals in sports and daughter Suhana who’s won 3 gold medals in sports activities at the school level’. SRK also said that given the rising interest in sports in India, this was the right time to associate with Korea which is known for its strong base in sports. Bollywood’s macho man Akshay Kumar is probably trembling in the face of SRK’s new black belt.
Public Relations

Some of upcoming realty IPOs may falter: consultant

A couple of real estate initial public offers (IPOs) may falter from around 15 lined up over the next few months if the issues are not reasonably priced, a realty consultant said. - Real estate"s many layers - Real estate industry on recovery path: E&Y - Phoenix Hospitality inks pact with Marriott International - Office rentals in big cities start to go up: report - Duet Hotels to invest Rs 2,300 cr - Realty funds prepare for action as interest in sector revives "Around 15 real estate IPOs have been lined up. They plan to raise in excess of $6 billion. I don"t think that all of them are going to have a smooth journey. One or two may falter," Jones Lang LaSalle Meghraj Chairman Anuj Puri told PTI here. Puri said unlike previously, when investors lapped up issues at any price, this time, investors would like to see the pricing, the credibility of the developers and their ability to execute the proposed projects, before subscribing. "This time, the market will differentiate on three factors - what"s the price, credibility of the developer and the delivery capacity of the developer." Investors would like to see how transparent is the developer, the level of corporate governance in the company, the brand, the pricing of the issues and how much is left for the investors to be benefited, Puri said. "The capacity of the developers is going to be viewed under the microscope. If one says that he is going to develop 50 million square feet and has completed only 5 million, investors are not ready," Puri said. He said the market also does not have the appetite for $6 billion real estate IPOs as the liquidity problem still persists with the real estate sector, which had been badly hit by the economic slowdown. "There is no liquidity problem as such in the market. But, it is a problem for the real estate sector. The market does not have appetite for so much," he said. Emmar MGF has also filed a draft red herring prospectus (DRHP) with the market regulator Sebi and plans to raise Rs 3,850 crore.


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