US foreclosure filings surge 65 percent in April

Published in May 14th, 2008

Posted by webmaster in US Markets, World Economy

US foreclosure filings surge 65 percent in April
In April 2008 more U.S. homeowners fell behind on mortgage payments, driving the number of homes facing foreclosure up 65 percent versus the same month last year and contributing to a deepening slide in home values.
One in every 519 U.S. households received a foreclosure filing in April. Foreclosure [...]

Power Finance signs MoU with Ex-Im Bank of U.S.

Published in May 14th, 2008

Posted by webmaster in Market News, US Markets, World Economy

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India’s Power Finance signs MoU with Ex-Im Bank of U.S.
Power Finance Corp Ltd. (PFC) announced that it has signed a MoU with Ex-Im Bank of the United States so that PFC’s borrowers can use Ex-Im bank’s facility for project-related imports from the U.S. during the next two years.
PFC, which is biggest Indian power finance company [...]

GSK Pharma signs Co-production agreement with Daiichi Sankyo for anti-hypertensive drug

Published in May 14th, 2008

Posted by webmaster in Market News

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GSK Pharma signs Co-production agreement with Daiichi Sankyo for anti-hypertensive drug
GlaxoSmithKline Pharmaceuticals announced that it had signed a co-production agreement with Japanese drug maker Daiichi Sankyo for anti-hypertensive drug Olmesartan Medoxomil and its combination products.
GlaxoSmithKline Consumer Healthcare`s (GLAXOCON) principal activities include manufacture and distribution of a wide range of healthcare foods, drugs, pharmaceuticals and [...]

Tanu Healthcare under Contract Farming for Medicinal Plants with Socrus Bio Sciences Group

Published in May 14th, 2008

Posted by webmaster in Market News

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Tanu Healthcare under Contract Farming for Medicinal Plants with Socrus Bio Sciences Group
Tanu Healthcare has entered into Contract Farming aggrament for Medicinal Plants with Socrus Bio Sciences Group. Under the contract farming arrangements with Socrus, the company is going to have access to 200 acres of land in which currently farming of medicinal plantation is [...]

MIC Electronics Board to consider Sub-division of equity share

Published in May 14th, 2008

Posted by webmaster in Market News

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MIC Electronics Board to consider Sub-division of equity share
MIC Electronics Ltd has announced that a meeting of the Board of Directors of the Company will be held on May 19, 2008, to consider and to decide the sub-division of face value of an equity share of Rs 10/- each of the Company into 5 equity [...]