Wanbury, the largest global manufacturer of diabetes management drug metformin, plans to acquire contract research and manufacturing services (CRAMS) companies in the US and Europe.

More: continued here

Bank of India on Friday announced a consolidated net profit of Rs.19.59 billion ($489.96 million) during the fiscal year 2008.

More: continued here

Chief minister Vilasrao Deshmukh said on Thursday that the greenfield international airport at Navi Mumbai would be completed by 2012.

More: continued here

Private equity (PE) investors are now looking at investing only in residential projects priced between Rs 30 lakh and Rs 70 lakh.

More: continued here

Diversified agri-irrigation company Jain Irrigation will invest Rs 550 crore in Jalgaon district in Maharashtra in two projects under the state government’s mega projects policy.

More: continued here

Pharmaceutical companies will be able to produce life-saving proteins such as insulin, erythropoietin and interferon at one-eighth their current cost by using a process involving VFF2 technology.

More: continued here

Manipal Cure and Care (MCC), an initiative of the Manipal Education and Medical Group (MEMG), has launched Snorben, an anti-snoring nasal device, in India.

More: continued here

Exorbitant jet fuel and foreign exchange losses are likely to pull full service carrier Jet Airways into losses in the fourth quarter of 2007-08.

More: continued here

Inflation rose to near 44-month high of 7.83 per cent for the week ended May 3, against 7.61 per cent in the previous week

More: continued here

Fund houses have effected a sea change in their services since the Securities and Exchange Board of India (Sebi) waived the entry load for investors getting into mutual funds directly.

More: continued here