Monday, November 9, 1998
Events tide casts pall of uncertainty over Unit Trust, Nomura alliance
The joint venture between Unit Trust of India (UTI) and Nomura Securities Co is heading for the rocks. The recent turmoil at both the financial powerhouses, coupled with second thoughts at UTI's end, has rocked the alliance.
Glaxo earns anti-TB molecule development rights from Italian firm
Glaxo India has acquired the licensing rights to develop and take to the market a new long-acting rifampicin molecule from an Italian pharmaceutical company. Rifampicin is the bulk drug that goes into the manufacture of anti-TB formulations.
Reliance shifts gaze to east coast, eyes Andhra port
Reliance Industries (RIL) may construct Andhra Pradesh's first private sector port at Krishapatnam. Estimated to cost Rs 1,200 crore, the site is located 250 km north of Madras. RIL has, for sometime now, been trying to get a foothold on the eastern seaboard.
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