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Wockhardt shareholders approve sale of two biz for Rs 281.6 cr
Drug maker Wockhardt today said its shareholders have approved sale of Mother and Child Care and Nutriuno businesses to Abbott Healthcare for Rs 281.6 crore. http://smallpersonalloans.org.uk

Demonic turns of memory
I always suspected that the city was a falsification. But it was only on a foggy afternoon in early spring, when the air smells of atarch, that I discovered the nature of the fraud. We are living inside a cupboard, in the lowest depths of oblivion, among broken poles and shut boxes...” <P align="right> — Zbigniew Herbert, The Collected Poems

News of the day

HDFC Standard Life lowers capital infusion by Rs 100 crore
Mumbai-based HDFC Standard Life Insurance Company today said the various cost saving measures adopted by the company would lead to less need for capital infusion during the current financial year. The company’s original plan was to invest about Rs 350 crore in the current financial year, which now may come down to Rs 250 crore.
Management

Ultra Motor launches two electric scooters

Two-wheeler maker Ultra Motor Company today launched two new electric scooters priced between Rs 28,300 and Rs 31,900 (ex-showroom, Delhi). Markets extend losses in noon trades While Ultra Shakti is designed for hilly terrains, Ultra Fun is easy to ride because of its height, size and weight and targetted at women among others, it added. "The launch of these two models is in continuation of our vision of creating a new transportation movement," UMC Chief Executive Officer K K Bhan said. UMC has a retail network of over 175 exclusive dealerships across 17 states and in over 130 cities in the country.


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