David Myers, INCAT’s chief financial officer has stated that Tata Technologies will go for an IPO in the coming year (2008) in order to pay off arrears and fund expansion plans.

Tata Technologies, the specialist engineering and design company of the Tata Group had acquired INCAT, the UK-based engineering and design company in 2005 for 53.40 million pounds.

Paris: Sanofi-Aventis, French pharmaceutical group has annunciated that the U.S. health officials have approved another application of its anti-cancer drug ‘Taxotere.’

The company said that the drug has been sanctioned to treat locally advanced head and neck cancer before chemo-radiotherapy and surgical treatment.

The approval is based on the outcomes of a phase III clinical examination, which showed that adding up Taxotere to typical induction chemotherapy resulted in a more than three year betterment in patient endurance rate.

New Delhi: Stating that no banking institution throughout the world could match it in fast decision making, State Bank of India (SBI) on Tuesday has sanctioned one billion dollar credit for Tata group in just five minutes, a philosophy, which has placed it much ahead of challengers on overseas mergers and acquisitions (M&A) transactions.

Washington: EBay, online auction giant has declared that it is replacing the creator and chief executive of its Skype online telephone arm and would take a charge of 1.43 billion dollars two years after buying the company.