The Telegraph
Since 1st March, 1999
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Business Briefs

Prices of 22 drugs revised

New Delhi, May 27:The National Pharmaceutical Pricing Authority today revised the prices of 22 bulk drugs and their derivatives. The prices of nine drugs ó chloroquine phosphate, pentazocine, procaine penicillin G, benzathine penicillin G, pyrantel pamoate, metronidazole benzoate, cefadroxyl monohydrate, ranitidine hydrochoride and cefazoline sodium ó have been reduced by 0.36 to 1.77 per cent due to customs duty reduction in the recent budget.

CBEC chairman

New Delhi, May 27:A. K. Singh is likely to take over as chairman of the Central Board of Excise and Customs (CBEC) in place of M. K. Zutshi, who will retire on May 31.

Chambal move

Calcutta, May 27:Chambal Fertilizers and Chemicals Ltd, a K. K Birla group company, will hive off its software division, Indian Software group, into a separate wholly-owned subsidiary.

Air-India fare

Mumbai, May 27:Air-India today announced special fares for the domestic sector. The fares for A-I flights departing between 8 am and 8 pm would now be 5 per cent lower than the apex fares offered by Indian Airlines, Jet Airways and Sahara.

IOC in Lanka

New Delhi, May 27:Petroleum minister Ram Naik will launch IOCís first modern petrol filling station in Colombo tomorrow. During his two-day visit to the island nation, Naik will seek to step-up export of petroleum products to Sri Lanka.

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