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Lupin buys worldwide rights for nasal spray AllerNaze
Pharma firm Lupin today said it has acquired the worldwide rights for nasal spray AllerNaze from Collegium Pharmaceutical for an undisclosed amount.

Videocon Ind plans rights issue
Videocon Industries today said it will consider selling equity shares on right basis and has called a board meeting on October 31 to discuss the issue.

News of the day

Sunil Jain: Labour's litany
If policy-makers are worried about employment, it is not without good reason. Even though employment growth is rising, labour intensity is falling, suggesting that the growth is not as permanent as you"d like. The usual policy response to this would be to give a boost to traditional labour-intensive industry but, as a paper by Deb Kusum Das, Deepika Wadhwa and Gunajit Kalita (all at ICRIER) brings out, labour intensity levels have gone down quite dramatically in even traditionally labour-intensive industries.
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BSNL to appoint consultant to enhance shareholder value

State-run Bharat Sanchar Nigam (BSNL) will appoint a consultant to enhance shareholder value, its Chairman and Managing Director Kuldeep Goyal said today. - BSNL places order with Huawei for expansion; no fresh bids - BSNL introduces per-second billing plan - BSNL keeps "fresh bids" option open in expansion project - Intel in talks with ITI for WiMAX joint venture - BSNL's rise and fall - Re-tender 93-million line order, DoT asks BSNL "We will appoint a consultant to increase the stakeholder value. But it is not for the IPO," Goyal said. BSNL has been waiting for the government"s nod to go in for an IPO. The BSNL board had earlier authorised the company to do the same. However, this has been stalled by opposition from the workers unions. The government holds 100 per cent stake in BSNL. It was corporatised in 2000 from being a part of the Department of Telecom. The country"s largest integrated telecom company has a equity base of about Rs 5000 crore and its income for 2008-09 stood at Rs 34,937 crore. The net profit of the PSU stands at Rs 509 crore. "Increased expenditure due to implementation of Sixth Pay Commission and falling revenues from landline operations resulted in a dip in net profit," the company had said.


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