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NEWSALERT: GlaxoSmithkline Consumer Healthcare posts 20% rise in Q1 profit
The healthcare major GlaxoSmithkline Consumer Healthcare Ltd has posted 19.56 per cent rise in net profit at Rs 55.19 crore for the quarter ended June 30, 2009 as compared to Rs 46.16 crore in the corresponding quarter last year.

As molecule deals fall, pharma firms see cure in late licensing
Indian companies engaged in discovery of new drugs have twisted the model as many molecules licensed to foreign collaborators failed to reach the market. This so-called outlicensing strategy has been revised and the domestic companies are conducting a larger part of the initial trials themselves, choosing to license out the molecules much later than they used to.

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Future Group bets big on pvt labels
Future Brands, a subsidiary of the Kishore Biyani-promoted Future Group, will focus on the FMCG segment as part of a plan to increase the share of private labels in the company"s retail formats.
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Centre to spend 25,000 cr for dev work in minority constituency

Union Minister of State for Minorities and Corporate Affairs Salman Khursheed today said 2,500 crore would be spend for development and upliftment works in minority dominated constituencies. - MTN board meet on Aug 18 - Bharti-MTN deal: MTN board meet on Aug 18 - Govt sanctions Rs 100 cr for minority concentrated districts - Khurseed keen on setting up Equal Opportunity Commission for minorities - Clarity on LLP tax issue only next year - Tech Mahindra not to retrench Satyam employees "The central government will spend Rs 2,500 crore in 90 minority dominated constituencies across the country in the next three years for development works," Khursheed, who is on a two-day tour to his parliamentary constituency, told reporters here. He said that a multi-purpose ITI will be set up in Farukkhabad under supervision of a big company and arrangements would be made to ensure scholarships to minority section students. "Minority section workers engaged in zardozi industry will be benefited under National Insurance Scheme and efforts will be made to ensure reservation for Dalits and minorities in private companies," he said. Khursheed said that discussions were being held with private companies on reservation issue. Referring to BJP leader Jaswant Singh"s book, the minister said that though he had not read the book yet, but holding former Prime Minister Jawaharlal Nehru responsible for partition was not justified.


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