Dr Reddy's Labs to pick up 45% in American Remedies at Rs 175 a share
India's leading drug inventor has turned predator. The Rs 426-crore Dr Reddy's Laboratories (DRL), which hogged the limelight with the discovery of an insulin sensitiser molecule in 1997-98, on Friday unveiled plans to acquire a controlling stake in the Rs 92-crore American Remedies Ltd (ARL).

Seiko Epson plans to set up 100% subsidiary
The $10-billion Seiko Epson Corporation of the US is planning to set up a wholly-owned subsidiary in the country with a view of putting up a printer manufacturing facility at a later stage.

Sahara Airlines expansion is well-timed
Sahara Airlines plans to kick off the new millennium by increasing capacities and doubling its existing networks makes a lot of sense.


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