The health department of Canadian Government has allowed Aurobindo Pharma for submission of its abbreviated new drug, Gabapentin capsules in 100mg, 300mg and 400mg strengths.

Aurobindo Pharma is a Hyderabad-based manufacturer of generic pharmaceuticals and active pharmaceutical ingredients (APIs). The company is already supplying some generic drugs in the Canadian market. The recent approval by Canadian health body is the sixth approval received by Indian Pharmaceutical major.

Tata Teleservices Ltd. (TTSL) is all set to merge its tower infrastructure business with tower company Quippo Telecom in a bid to deliver more efficient telecom infrastructure services. The merger would make the new entity as the second largest firm in terms of number of towers across India with 18,000 towers.

Quippo Telecom will hold 49 per cent in the new entity with full management control while Tata Teleservices would hold remaining shares in Wireless-TT Info-Services Ltd

Mahindra & Mahindra group company, Tech Mahindra has approached Satyam Computer Services for cashless merger as per sources. Satyam is fourth-largest IT Services Company in country. The company is under pressure due to Matyas Deal, which the promoters called-off after protest from other stake-holders.

Leading telecom operator TATA Teleservices has decided to start Global System for Mobile Communication (GSM) services by the end of this financial year. The company is already providing CDMA based services in various telecom circles of country.

Tata Teleservices is now planning to spend $2 billion to expand its subscriber base in the GSM market. It may be recalled that its major competitor Rcom has already launched GSM services in 11,000 towns of country few days back.

With the aim to garner a subscriber base of 9 million within two years BSNL is all set to invest Rs 1,600 crore on technologies like WiMAX and optical fibre network. 

Company CMD, Kuldeep Goyal said, “We are working on a target to have around nine million broadband connections in the next two years.” He further added, “While the combined market share of BSNL and MTNL could be 50 per cent in two years, on our own we should be having around 9 million broadband connections.”

Delhi-based retailer, Vishal Retail may miss revenue targets for the financial year 2009 due to low sales following global financial crisis. Its sales may decline as consumer spending is continuously declining following fears of job cuts and grim job outlook.