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Govt to divest stake in 6 companies by 2010
The government will divest its stake in 6-7 state owned companies by selling equity over the next 12 months, Finance Secretary Ashok Chawla said. However, he did not quantify the capital the government expected to raise through this and also name the companies.
The government has set a disinvestment target for the current fiscal at Rs [...]
Big pharma companies join outsourcing line up
Big pharma companies are joining outsourcing line up, as India is emerging as a big global destination for contract manufacturing, contrasting R&D outsourcing.
There are many reasons that are making India to emerge as an inviting destination for outsourcing drug production. A report by Ernst & Young and the Organization of Pharmaceutical Producers in India said [...]
Inter State Finance Board approves Right Issue
Inter State Finance Ltd has informed that the Board of Directors of the Company at its meeting held on July 31, 2009, inter alia, has transacted the following:
1. Right Issue of Rs 23,75,00,000/-.
2. Re-Appointment of Managing Director subject to approval of Members of the Company at ensuing AGM to be held on August 31, 2009.
3. [...]
