Lupin shelves plan to acquire 51 pc equity in Belgium firm

Saturday, September 30, 2006, 15:34 [IST]

Mumbai, Sep 30 (UNI) Pharma major Lupin has decided to drop its plans of acquiring 51 per cent equity in Artifex Finance CVA of Belgium -- along with its subsidiaries, including Dafra Pharma.

A Lupin release here today said it had in May this year had signed a Memorandum of Understanding (MoU) to acquire 51 per cent equity.

Based on subsequent discussions, both the parties have now mutually agreed not to pursue the said MoU and to independently pursue their respective business plans and continue discussions for possible areas of cooperation in the future.

''Lupin continues to be interested in anti-Malarials,'' said Dr Kamal K Sharma, Managing Director, of the company.

UNI SN SSS AW1510

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Protest meeting held against LKB-CBoP merger

Saturday, September 30, 2006,15:34 [IST]

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Saturday, September 30, 2006,15:34 [IST]

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Durga Puja celebrated with full enthusiam in Manipur

Saturday, September 30, 2006,15:34 [IST]

Imphal, Sep 30: Durga Puja has been celebrated with much fervour and enthusiam at several places in Manipur. Thousands of devotees thronged the Hiyangthang Lairembi, one of the most important Durga temple near here. Goddess Durga is believed to have come down on Earth to fulfill the wishes of the people and hence the Mahastami is celebrated as 'Bor' here.The state transport directorate had implemented new traffic rules in view of increasing number of vehichles.....

Mizoram university to follow new exam system

Saturday, September 30, 2006,15:35 [IST]

Aizawl, Sep 30 (UNI) Mizoram University has asked the colleges of the state to make internal assessments that would carry 25 percent of the total marks in final examination from 2006-07 session onwards to. In a meeting between the University vice chancellor A N Rai and the College Principals Council had unanimously decided that the internal assessment systems at college level would be followed with the ratification in an ordinance at the.....

Indian carriers must take responsibility for irrational pricing

Saturday, September 30, 2006,15:35 [IST]

Mumbai, Sep 30 (UNI) Ryanair's former chairman Patrick Murphy today said that control of pricing and generating revenue from non-ticket sources are the key to success in airline business. Mr Murphy also discussed the art of pricing and said that carriers in India must take responsibility for irrational prices. ''The market is a far more powerful determinant of prices than are costs. But pricing is fundamentally an art and it requires experience and professionalism.....