Philippines keen on tie-ups in rubber sector

Rubber is poised to emerge as a growth driver for economic relations between India and the Philippines. Philippines has identified India as a key partner for reinvigorating its rubber sector, said Mr Niraj Thakkar, President, All India Rubber Industries Association (AIRIA).

Nasscom to build start-up warehouses

Nasscom is in talks with the state governments of Maharashtra and Tamil Nadu to set up ‘start-up warehouses’ for incubation of start-ups. The initiative '10,000 Start-ups' aims to provide necessary support to technology start-ups in order to create 10,000 domain specific start-ups in the country.

Videocon to acquire Datsons Labs for Rs 350 crore

Videocon Industries plans to acquire Dr Datsons Labs Ltd (DTL), a research-focused pharma company, for Rs 350 crore (US$ 58.08 million).

P&G to invest Rs 244 crore in Indian arm

Procter and Gamble (P&G) plans to invest about Rs 244 crore (US$ 40.48 million) in its unlisted Indian arm P&G Home Products this year. The fresh funds earmarked for India take P&G's total investment in the country to around Rs 1,000 crore (US$ 165.9 million) in FY 2013-14.

Dr Batra's plans to open 53 clinics in India

Dr Batra’s plans to open 25 company-owned clinics within the country and 10 clinics abroad. The company also plans to add 28 franchisee-owned clinics this year in India.

Kerala-based firm holding trials to make turmeric a food supplement

Arjuna Natural Extracts Ltd is pinning its hopes on clinical trials of the value-added properties of turmeric for its usage as a food supplement. The company is confident of positive results and this would give a major boost to turmeric in developed countries in the food supplement category, which is growing at 15 per cent every year, according to Mr P J Kunjachan, CMD, Arjuna Natural Extracts Ltd.

Oriental Cuisines to open 50 French Loaf, Le Chocolatier outlets in FY 2014-15

Oriental Cuisines Private Ltd will open 50 outlets of its bakery brands French Loaf and Le Chocolatier by the end of this financial year, taking the total number of the outlets to about 200.

Dr Reddy’s launches insomnia drug in US

Dr Reddy's Laboratories has launched Eszopiclone Tablets (C-IV), useful in treatment of insomnia, in the US market. The drug is a therapeutic equivalent generic version of LUNESTA (eszopiclone) tablets C-IV.

Snapdeal buys product discovery site Doozton

Online marketplace Snapdeal.com has acquired product discovery technology firm Doozton.com. Doozton helps consumers discover trending products and designs from across online fashion portals in India.

TPG, Smile Group in US$ 100 million venture

Private equity firm TPG Growth and India's Smile Group will jointly invest US$ 100 million to help internet and e-commerce companies build and scale their businesses across the Asia-Pacific region and West Asia.