Swiss FMCG firm Nestle has announced its plans to invest Rs 600 crore in its Indian subsidiary in calendar year 2009, as part of its business strategy.

The company which has granted an investment of Rs 300 crore in the Indian market this year, would be doubling the investment in 2009, on the back of strong growth it witnessed in India during 2007.

According to the company, the investment would go in new research and development, advertising and capacity expansion at its factories.

One of the largest API manufacturers in Asia, Aurobindo Pharma Limited, has secured final approval from the US Food & Drug Administration (USFDA) to manufacture and market Didanosine Delayed Release (Enteric-Coated) Capsules 125mg, 200mg, 250mg and 400mg.

Didanosine Delayed Release Capsules is the generic version of Bristol Myer Squibb's Videx EC (Didanosine) Delayed-release Capsules and is indicated for the treatment of HIV-1 infections in combination with other antiretroviral in adults.

Mumbai-headquartered Zicom Electronic Security Systems Ltd has bagged an order worth Rs 7.5 crore. The company has not disclosed the name of the buyer firm.

The contract involves supply, installation, commissioning and project management of wireless broadband outdoor surveillance system for Gurgaon on turn key basis.

Recently, company's board has approved raising up to $20 million funds, through issue of overseas convertible bonds, global depositary receipts or other instruments.

Samsung Telecommunications India, the number two mobile handsets maker in the country, has launched a high-end phone christened OMNIA SGH-i900 in the Indian market, to compete with Apple's iPhone and Nokia N96.

While the Global Financial market seems to be gloomy with its recent financial crisis, the telecom sector seems to be not in a loss as far as availability of the credit is concerned. The private sector funding arm of the World Bank, the International Finance Corporation (IFC) will provide a $100 million (Rs 460 crore) loan to Idea Cellular in order to provide services in Bihar and would help to strengthen its national long distance telephony network.   

Festive season is around the corner and where Indian market resorts to offer something for everyone, Mahindra & Mahindra (M&M) offers one such great news for all the SUV lovers when a new version of the Scorpio was launched in Pune and Bangalore earlier this week.