The Financial Express -- Corporate

Wednesday, December 24 1997

Pfizer re-launches cheaper Amlogard, bells copycats by re-working strategy

The US-based health-care giant Pfizer has decided to take on branded generic competition in the country by re-working its sourcing strategy for the active ingredient in key cardiovascular drug, Amlogard. Pfizer's re-think has seen Amlogard's re-launch at about Rs 6 a tablet, 77% cheaper than its original cost of Rs 26.2.

BIFR sanctions Rs 67-cr scheme for Deve Paints

The Board for Industrial and Financial Reconstruction has sanctioned a Rs 67.33 crore draft rehabilitation scheme to revive the Maharashtra-based Deve Paints Limited. The proposal envisages re-starting the unit, retrenchment of the entire labour force under voluntary retirement scheme (VRS) and re-employing selectively on a new scale and settlement of dues with secured creditors in one to three years.

Vicks replaces Colgate as top brand in survey

Colgate has been replaced by Vicks as the top brand in the country, according to a survey conducted by market research firm ORG-MARG with A&M. Colgate has occupied the numero-uno position since 1993, when the brand survey was first carried out and this is the first time the brand has been relegated to the number two position.

Orissa to divest 49% in Power Generation Corporation

HM brakes Lancer output for new vehicle

Rothmans asks FIPB to ignore 2% stake in ITC

Firodias car project may ram profits

HCI likely to sell Srinagar hotel

Canara Bank sets up institutes to develop Karnataka villages

Bank of America emerges as the lead arranger of cross-border finance

Helios Investment and Finance faces RBI flak

SBI Caps to run leased assets on books till 2007

Financial Briefing -- ICICI mops up Rs 300-cr via retail bond issues

AFT shelves plan to pick up stake in Empire Plantations

Corporate Briefing -- Tata Consultancy targets Rs 800-cr from exports