Company Updates

TITAN, GLENMARK and Birlasoft Stock Recommendation by Epic Research

TITAN, GLENMARK and Birlasoft Stock Recommendation by Epic Research

Epic Research recommends three stocks for investors....

Charging Network Allego opens Charging Station at Ettenhuber GmbH in Munich/Feldkirchen

Charging Network Allego opens Charging Station at Ettenhuber GmbH in Munich/Feldkirchen

German charging network Allego has opened a special high-power charging (HPC) station at the Ettenhuber GmbH site in Feldkirchen, Munich.

Mercedes-Benz Energy and BJEV plan battery storage systems project

Mercedes-Benz Energy and BJEV plan battery storage systems project

Mercedes-Benz Energy and Beijing Electric Vehicle (BJEV) have announced a partnership for developing Second Life battery storage systems in China.

Glenmark Gets Tentative USFDA Nod To Market ‘Ezetimibe’ Tabs

Glenmark Gets Tentative USFDA Nod To Market ‘Ezetimibe’ TabsGlenmark Pharmaceuticals announced that it has received tentative approval from the U.S. Food and Drug Administration (FDA) to sell the generic version of Schering Plough and MSP Singapore Company LLC’s hypercholesterolemia treatment Zetia (ezetimibe) in the United States.

Glenmark, which has got sanction for 10-milligram tablets of the drug, is likely to get 180 days marketing exclusivity for the drug upon patent expiry.

Zetia recorded sales of $1.5 billion during the last year (2008), the drug maker said in a statement.

IntraLink inks strategic alliance with Western Press

IntraLink inks strategic alliance with Western PressNewYork-based IntraLinks has entered into a strategic alliance with Western Press Pvt. Ltd., a major corporate printer in India.

Under the arrangement, Western Press will market IntraLinks exclusively in India, focusing on companies operating in the financial markets.

Britannia Industries inks pact with Mauritius-based firm to acquire stake

britanniaThe 117-year-old biscuit major Britannia Industries has entered into an agreement with Fonterra Brands (Mauritius Holding) Ltd, Mauritius, for acquiring the latter's 49% Equity and Preference shareholding in Britannia New Zealand Foods Pvt. Ltd (BNZF), their joint venture company engaged in Dairy business.

With this acquisition, Britannia along with its wholly owned subsidiary will hold the entire equity and preference capital of BNZF. The acquisition is subject to Reserve Bank of India approval.

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