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AP sanctions projects worth Rs 3000 cr
The Andhra Pradesh government has sanctioned seven projects that are being set up at the Sri City Special Economic Zone and the APIIC Industrial Park in the state. These projects involve a total investment of around Rs 3,000 crore, according to Busi Sam Bob, Principal Secretary, state industries and commerce department.

Birla Shloka Edutech FPO fixes price band of Rs 45-50
Birla Shloka Edutech Ltd, part of the Yash Birla Group, an education company offering IT and ITeS services has announced a price band between Rs 45 and Rs 50 per share per equity share of Rs 10 each for its further public offering (FPO) of Rs 34.77 crore. The Issue opens on January 11.

News of the day

Novartis moves SC against Glivec order
Swiss drug major Novartis has approached the Supreme Court against a decision of the country’s apex patent complaint redressal forum, the Intellectual Property Appellate Board (IPAB), to deny patent protection for its cancer medicine, Glivec. The court is expected to take up the case for hearing on August 31.
Corporate

Garmin, Reliance Retail tie up to launch navigation products

Global satellite navigation device maker Garmin today said it has entered into a tie-up with Reliance Retail to launch its car navigation products in India. - KIT: Book retail in India - Raymond to expand retail outlets overseas - Future Group expects Rs 100 crore from media business next year - Rotten buys - Fruitless quest - Walmart sees growth in China and India; slow world recovery Under the agreement, Reliance Retail"s automotive arm Reliance Autozone would market the products at its speciality stores and shop-in-shops across the country, Garmin said in a statement. "Through co-operation with Reliance Autozone and its affiliated companies as strategic partners in India, Garmin has jumped a bigger step to be closer to Indian the market," Garmin Corporation Director (Sales and Marketing) Tony An said. Garmin, which is incorporated in The Cayman Islands, operates in Asia through its Taiwan-based subsidiary Garmin Corporation. Reliance Autozone stores showcase more than 50 brands and 1,500 products catering to cars from various segments.


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