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Glenmark Pharma to repay Rs 300 cr debt by fiscal end
Pharma major Glenmark Pharmaceuticals is planning to repay its debt of around Rs 300 crore by end of this fiscal, a top company official said.

Sara Lee: In Godrej custody
The US firm has sold its non-food business worldwide, but its Indian JV retains the rights for Kiwi, Brylcreem and Ambi Pur

News of the day

Art and Adam
What a fantastic book this is! But you have to read it twice to know that. Repetitio est mater studiorum, after all, as Arthur Schopenhauer reminds us in an essay on reading, before going on to explain that “Any kind of important book should immediately be read twice, partly because one grasps the matter in its entirety the second time, and only really understands the beginning when the end is known; and partly because in reading it the second time one’s temper and mood are different, so that one gets another impression; it may be that one sees the matter in another light.” Everything he says here is valid for this book.
Business Opportunities

Nagarjuna Agri chem to set up plant in Vizag

Nagarjuna Agrichem Limited (NACL) is setting up a greenfield manufacturing facility with an outlay of about Rs 150 crore in the special economic zone at Achutapuram, about 40 km from Visakhapatnam, within the Petroleum, Chemicals and Petrochemical Investment Region. - APIIC to set up biotech SEZs in Anantapur, Kadapa and Hyd - Mfg likely to get boost during Reddy's 2nd term - Tata to set up Rs 1,000 crore helicopter unit in Hyderabad SEZ - Govt to put Rs 300cr more in Achuthapuram SEZ - Anrak allotted land for Vizag project - Anrak Aluminium allotted land for Vizag project NACL director and chief operating officer CM Ashok Muni handed over a cheque to Andhra Pradesh Industrial Infrastructure Corporation (APIIC) chairman and managing director BP Acharya towards initial payment for allotment of about 85 acre land at the SEZ. The plant is expected to be commissioned in 18 months from the commencement of the project. “This will be an important addition to the industrial cluster coming up within the PCPIR,” Acharya said in a release.


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