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Mysore gets first JNNURM bus stand
Mysore became the first city in the country to have a bus stand modernised under the Jawaharlal Nehru National Urban Reconstruction Mission (JNNURM) today. http://smallpersonalloans.org.uk

Tata Motors to double market share in utility vehicles sales
Tata Motors, the third biggest player in the passenger car market in the country, is aiming to double its market share in the utility vehicles (UVs) segment in Orissa from eight per cent at present to 16 per cent in the next few months.

News of the day

Firms line up for rights issues
The devolvement of rights issues of Tata Motors and Hindalco in 2008 seems to be a distant memory. A large number of promoters are now taking the cost-efficient rights issue route to shore up stakes in their companies and raise cash.
Public Company

Transgene in pact with Dr Reddy's for obesity drug

Biotechnology firm Transgene Biotek today said it has signed a pact with Dr Reddy"s Lab to manufacture a drug named, Orlistat used in treating obesity. - Dr Reddy"s: New molecule hopes - Dr Reddy"s Lab rises 2.3% - Indian drug makers maintain pace of US marketing approvals - Metro to moon amidst bust and boom - Dr Reddy"s to strengthen domestic biz - New Year gifts set to get chic, again The company has entered into a licensing and technology transfer agreement with Dr Reddy"s Laboratories for the out-licensing of a technology to manufacture Orlistat, Transgene Biotek said in a filing to the Bombay Stock Exchange. Under the terms of the compact, effective in due course of time, Dr Reddy"s would gain worldwide rights to a unique technology to produce and commercialise Orlistat active pharmaceutical ingredients (API) which is developed exclusively by Transgene Biotek. "The new alliance combines Transgene Biotek"s technology with Dr Reddy"s manufacturing skills, and extensive global sales and marketing capabilities" the company said. Transgene Biotek would receive an upfront payments for certain commercial milestone, and royalties on the sale of Orlistat API in all countries worldwide. Orlistat is used in the treatment of obesity, including weight loss and weight maintenance.


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