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07 Mar 2014
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Drug firm Lupin today said it has received US health regulator USFDA'S approval to market a generic version of Bayer's Cipro, used to treat infections, in the American market.
Noting that exports by SAIL are likely to go up in coming years, a high-level panel has asked the state-run PSU to look into possibilities of strengthening presence in international market by setting up offices abroad.
Era Infra Engineering Ltd
EIEL has secured contracts worth Rs 128 crore in Maharashtra from Mumbai Railway Vikas Corporation (MRVCL) for escalators and other provisions at some stations in Mumbai.
Bharti Airtel Ltd
Standard & Poor's Ratings Services said that it had raised its long-term corporate credit rating on Bharti Airtel Ltd to 'BBB-' from 'BB+'. The outlook is stable.
United Breweries Ltd
UB Group chairman Vijay Mallya has pledged another portion of his holding in his beer company, United Breweries. Kamsco Industries, a UB group company, has said it pledged 2.9 million share of United Breweries, maker of the country's largest selling Kingfisher beer, said media reports.
Reliance Communications Ltd
Reliance Globalcom, the international unit of India's Reliance Communications Ltd, is no longer up for sale and may raise debt or equity to fund its expansion plans, Globalcom's newly installed chief executive said.
Rating agency Crisil has downgraded its ratings on the debt instruments and bank facilities of the city-based infrastructure major NCC Ltd, said media reports.
Manappuram Finance Limited
MFL announced the public issue of non-convertible debentures aggregating Rs 100 crore (with an option to retain over-subscription up to Rs 100 crore) for a tenure ranging from 400 days to 70 months, said media reports.
Sun Pharmaceutical Industries
India's biggest drugmaker by market value, is looking for partnerships or acquisitions to enter Japan, an especially lucrative market for manufacturers of low-cost drugs, media reports.