Thursday, July 22, 1999
Nicholas Piramal seals deal to buy out four Eli Lilly brands
The Mumbai-based Nicholas Piramal is understood to have sealed a deal to acquire four pharmaceutical brands from American multinational Eli Lilly & Co.
Ashok Leyland trims Q1 loss to Rs 16 cr
A 30% increase in sales has helped commercial-vehicle major Ashok Leyland to cut its losses for the first quarter ended June 30, 1999 to Rs 16.22 crore against Rs 33.20 crore in the corresponding period of the previous year.
IDBI retires Rs 900 cr high-cost debt
The Industrial Development Bank of India has cashed on the arrival of cheap money days by retiring Rs 900 crore of high-cost debt with cheaper funds in the first four months of the current financial year.
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