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Biocon inks pact with Amylin to develop diabetes therapy

Bangalore-headquartered Biocon and Amylin Pharmaceuticals Inc today announced that they have entered into an exclusive agreement to jointly develop, commercialise and manufacture a novel peptide therapeutic for the potential treatment of diabetes.

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Obstacles may impede India growth story

India was the most promising market but obstacles could impede the speed at which India reached the full extent of the promise, said Sudhir Maheshwari, member of group management board responsible for corporate finance, M&A and business development (including India) and risk management of ArcelorMittal. Addressing the 47th National Metallurgists’ Day Celebration of the Indian Institute of Metals, Maheswari clarified, “We remain fully committed to our announced greenfield projects in Jharkhand and Orissa. We are looking for other alternatives of land acquisition to accelerate realisation of our plans.” ArcelorMittal’s two 12 million tonne steel plants in Jharkhand and Orissa were running behind schedule on account of problems with land acquisition.

News of the day

Lisbeth Salander returns

The late Swedish journalist/author Stieg Larsson was the man behind Lisbeth Salander — the undeniably twisted and talented female protagonist of his “Millennium” trilogy. The second part in the series, The Girl Who Played With Fire, translated from Swedish by Reg Keeland, continues from where the first book left off — asocial heroine Salander once again back to her punch-throwing, expert computer hacking ways that she honed as a former security analyst in Stockholm, spinning yet another edge-of-the-seat crime thriller. Interestingly, Larsson’s father Erland Larsson, while receiving an award for his late son last year, revealed in an interview that the character of Salander seems to have been inspired by his son’s niece Terese, to whom the author had been very close.

International Business

BPL cards for garment workers

Karnataka government is planning to issue below poverty line (BPL) ration cards to garment factory workers to enable them procure food grains at subsidised prices, minster for food and civil supplies H Halappa said today. - RBI not in favour of multiple BPLRs - RBI panel on BPLR to meet today - Canara Bank cuts home loan rates - Canara Bank cuts home loan rates - RBI frowns on sub-PLR loans, bankers resist - Banks may have two BPLRs It had been estimated that more than four lakh people were employed in garment units in the city alone and many of them were living below the poverty line, he told reporters here. Halappa rejected opposition allegations that the government was not distributing ration to BPL card holders. Out of 78 lakh BPL card holders, only 63 lakh had submitted their photo identity cards during the verification process initiated by the government to weed out ineligible families and bogus cards, he said. Those BPL card holders who were not receiving subsidised food grain could contact a toll free number for help 180 425 339, he said.