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Nordic region offers $10 billion opportunity for IT firms
The Nordic region (Norway, Denmark, Iceland, Finland and Sweden), which is now opening up to offshoring as a viable option to sustain its long-established competitiveness, offers an untapped $10 billion outsourced services opportunity for Indian IT companies, said a Nasscom-PricewaterhouseCoopers report.

India to start building 20 km roads per day by April: Nath
Road Transport and Highways Minister Kamal Nath said here that India had increased its per-day construction of roads to 9 km and the target of developing 20 km daily would be accomplished by April.“We have reached 9 km per day of road construction and will hit our target of 20 km a day by April,” Nath, who was here to hold talks with the Malaysian government to invite them to enter the highway construction sector in India, said.Thirty-five Malaysian companies are already involved with various infrastructure projects in India.To construct 20 km of raods a day or 7,000 km a year, there had to be 20,000 km of work in progress, he said.

News of the day

GST Task Force advice differs from that of ministerial panel
As is now well known, the Task Force appointed by the Thirteenth Finance Commission, Government of India, has issued a report on December 15, 2009 detailing the recommendations on various issues relating to the design and implementation of the proposed GST in India.

Strides Arcolab launches anti-swine flu drug.

Pharmaceutical company Strides Arcolab has launched an anti-swine flu drug. - Cipla to raise Rs 676 cr via QIP issue - Venus Remedies, Korean firm sign out-licensing deal - Nektar, Astrazenca sign licensing agreement - Zandu Pharma gets shareholder nod for merger with Emami - Pharma market in global top 10 by 2015: Report - Sun, Caraco to file 30 marketing applications for generics The company has launched Starflu capsule, the cure for swine flu, the pharma firm said in a filing to the Bombay Stock Exchange. Starflu is the generic version for Tamiflu-Oseltamivir and is available at all licensed pharmacies at a maximum retail price of Rs 460 for a bottle of 10 capsules, it further said. "Strides has the requisite stocks of Starflu to adequately supply and service the retail demand for this drug," Strides Arcolab President Nitin Ghadiyar said. The company"s move is subsequent to the Indian Government"s approval of restricted retail sale of Oseltamivir (tamiflu) for H1N1 treatment, it added. Shares of Strides Arcolab were trading at Rs 175.05 on BSE, up 6.87 per cent from previous close.

SET Max making another pile from IPL ad revenue.

SET Max, the official broadcasters of the Indian Premier League (IPL)cricket tournament, has already hit a sixer with the third edition of the twenty20 league. The channel is estimated to rake in over Rs 650 crore, 30 per cent higher than it got in IPL-2. - IPL sells theatrical rights for Rs 330 cr - IPL sells theatrical rights for Rs 330 cr - Cipla launches generic drug to treat H1N1 - Cipla to export anti-Swine flu drugs to US - DTH sparks new row between producers and multiplexes - Cricket sponsorship keeps some biggies in the pavilion “We have witnessed substantial growth in revenues. Brands have realised the potential of IPL and have come on board way in advance,” confirms Rohit Gupta, President, Multi Screen Media (MSM, the parent company of SET Max). Stucco in Mississauga

Ex-UB honcho to develop wine value chain.

Vallee de Vin, maker of the premium Zampa brand of wines, is looking at investing upto Rs 35 crore on expansion as well as verticalisation by offering a range of services centred around the core business of wine manufacturing. Ravi Jain, chief executive officer of the Sanjegaon, Nashik-based vineyard, said that the company has a horizon of upto three years to raise the amount. Sensex pares gains; Hindalco up 4% Vallee de Vin has invested Rs 20-25 crore since its inception on expansion and product launches. The company plans to add a red and a white wine to its portfolio by the middle of 2010, Jain said. With a capacity of 300,000 litres annually, Vallee de Vin has been producing red, white and rose wines for the Indian market, with plans to add 100 acres more to its cultivation footprint. It currently has 100 acres of vineyard under contract cultivation with local growers. About 550 tonnes of fruit will be sourced from local growers in the coming year, Jain said. plasma cutting toronto

Centum Learning to set up campuses in 20 cities in India.

Centum Learning, the education and training arm of Bharti group, is expanding its footprint in India by setting up skill development centres and mini-campuses for offering professional degrees to students. The company will cater to the entire spectrum of students from - low end to high end. - Inside Bharti Walmart - PM strongly backs Bharti"s efforts to acquire stakes in MTN - Indus Towers appoints BS Shantharaju as CEO - Mittal rules out any revision in offer for MTN - Bharti group JV enters food & beverages market Centum Learning provides end-to-end learning and skill-building solutions to corporate and individuals. Its solutions range from learning process outsourcing, custom content development, training through blended learning programmes, executive coaching, performance coaching to process management and certification. It also focuses on building industry specific skills at the entry level for the service sector. “At the low end, we will setup our own skill development centres in collaboration with the government.