The Financial Express -- News

Monday, July 7 1997

Glaxo may emerge as sourcing base as Zantac goes off patent

On July 26, 1997, the day the patent for anti-ulcerant Zantac (ranitidine) expires in the US, will mark the beginning for Glaxo India to emerge as one of the major sources for ranitidine base, an advanced intermediate that goes into Zantac. Novopharm, Geneva Pharma, Roxane and Torpharm have already filed for the Form 1 crystalline version of ranitidine.

Infrastructure Bond Issue

Sterlite Tuticorin plant closure ordered following gas leak

The controversial Rs 1,300-crore Sterlite copper smelting plant at Meelavittan near Tuticorin has been closed following a directive from the Tamil Nadu Pollution Control Board. The move follows the gas leak from the plant which affected more than 100 people.

Maruti Udyog to reduce number of vendors

Maruti Udyog Ltd has decided to reduce the number of vendors which supply components to the company as a part of its strategy to implement strict quality control measures. The company has about 400 vendors supplying over 2000 types of components at present.

Panel accuses Grasim of negligence for pollution rise

Draft policy recommends for standing fund for aviation