Archive for January 31st, 2009
Quintiles & Apollo To Setup Clinical Trial Unit
Saturday, January 31st, 2009US-based Quintiles Transnational Corporation, a pharmaceutical services provider, has entered into a partnership with Apollo Hospitals group to open a Phase I clinical trial unit in Hyderabad. The unit will allow customers additional options to complete integrated Phase I programmes across multiple geographies at this stage in medical research.
Citi, Merrill, Novartis, GSK May Drop Satyam Contracts
Saturday, January 31st, 2009Troubles keep mounting for Satyam Computer Services. Four of its large clients — Citigroup, Merrill Lynch (ML), Novartis and GlaxoSmithKlein (GSK) — are in talks to move their business from the Hyderabad-based company to other Indian IT firms. These clients contribute over $200 million to Satyam’s topline.
Hyderabad Realty In A Flux
Saturday, January 31st, 2009The real-estate market in Hyderabad continues to be in a state of flux with the slowdown taking a toll on the sector, even as the Satyam scandal has cast a shadow on real-estate projects as well as land deals. With thousands of acres around the city now put under the scanner, developers have become extra […]
Realty Majors Witness Worst Quarterly Drop In Profit
Saturday, January 31st, 2009Realty majors DLF, Unitech, Parsvnath and Ansal Properties today reported their worst quarterly drop in profit in at least six years as faltering economic growth crimped demand for homes and offices.
DLF, the nation’s biggest real estate developer, reported a 69 per cent drop in consolidated profit at Rs 670.79 crore, trailing analysts estimates. The company […]
DLF, Unitech Following ‘Satyam’s’ Path? Credit Suisse Report Smells Something
Saturday, January 31st, 2009DLF, Unitech lack in transparency: Credit Suisse
Credit Suisse, a global investment banking major has said in a report that in terms of transparency and key disclosures, the country’s top real estate firms including DLF and Unitech are found lacking.
Noting that related-party transactions account for a significant portion of their revenues, its report said that their […]