Panacea to sell OTC drugs
Panacea Biotech, a pharmaceutical firm, will foray into healthcare over the counter (OTC) medicines soon and launch a slew of products simultaneously in overseas markets. “We have floated a separate business unit for a range of OTC products for cardio-vascular diseases and cholesterol problems,” joint managing director Rajesh Jain said. Panacea will also launch the products in Europe, Asia and Latin American countries.
Voltas Ltd, a premier air-conditioning and refrigeration company, has introduced Teenie Weenie, a 55-litre refrigerator priced within Rs 5,000. The model is targeted at the urban youth. The company has also introduced four premium refrigerators under sub-brand Xcel. These refrigerators are available in 175 litre, 190 litre, 220 litre and 250 litre capacities.
IBS Software Services Pvt Ltd, a software solutions provider for the global travel, transportation and logistics segments, has entered into an agreement with Cendant Travel Distribution Services, a leading player in travel distribution services, to form a strategic relationship to promote iRes — IBS’ innovative passenger services system in the airline industry.
Spanish Tourism Board, the nodal agency to promote Spain as a preferred tourist destination, has launched a roadshow to tap the growing Indian tourism industry. The roadshow will also witness a high-level business delegation represented by Spanish hoteliers.
South Eastern Coalfields Limited, a subsidiary of Coal India Ltd, has achieved its targeted coal production of 69 MTs well in advance on March 23.
Bio-Rad Laboratories has launched D10 haemoglobin testing system, a new platform for Thalassaemia screening, in Calcutta. The instrument also helps to test haemoglobin for sickle cell anaemia.
Steel Authority of India Limited and Mahanagar Telephone Nigam Limited have bagged awards for excellence in cost reduction by the Institute of Cost and Works Accountants of India (ICWAI).