2. Fortis to buy HK co’s healthcare biz It will acquire the healthcare businesses of Hong Kong-listed Quality Healthcare Asia Ltd for an aggregate consideration of around Rs 882 crore. Fortis Global Healthcare will acquire five subsidiaries of Quality Healthcare Asia Ltd (QHA). QHA is Hong Kong’s largest private integrated healthcare service platform with specialisation in medical services
3. Nirmastrategy fails to turn pharma subsidiary around ITS LOW-PRICE strategy made it a favourite case study across B-Schools. However, Nirma’s attempt to replicate the detergent price war in the pharma segment has not yielded similar results Acquired the ailing business of Core Healthcare in 2006, to enter the pharma sector. Even after four years, Nirma is yet to bring about a turnaround of the loss-making entity it had renamed Nirlife. The company incurred a loss of 49.21 crore for 2009-10, 43% lower than a loss of 86.75 crore incurred in the previous year.
4. Coffee exports to cross 2.1 LT mark in FY11: Board Coffee exports from the country will cross the targeted 2.1 lakhtonnes mark in the current fiscal by a wide margin India, Asia's biggest coffee exporter, had exported 2.04 lakhtonnes coffee last fiscal. During April-September period of the current fiscal, India's shipments increased by around 75% to 1.56 lakhtonnes, up from 89,140 tonne in the year-ago period.
5. Anti-dumping duty on phenol imports likely The commerce ministry has suggested its finance counterpart to impose anti-dumping duty of up to $547 per tonne on import of phenol, chemical used by plywood and pharma industries, from Japan and Thailand. recommended anti-dumping duty ranging between $10.03 per tonne and $547.03 per tonne on import of phenol.
6. Since the Indian rupee and the Chinese yuan are largely non-convertible currencies, export and import transactions between the two countries have dollar legs. Long procedure for conversion Suggestion has been made about-A direct yuan-rupee trade would cut transaction time. As trade grows, banks pitch for -Yuan trade
7. ECB warns on currency, calls for euro sanctions European Central bank chief Jean-Claude Trichet warned against excessive currency volatility and called for stricter rules on European debt in an interview Trichet also stressed the importance of debt reduction in the 16 euro countries in the wake of the economic crisis "With the benefit of hindsight we know now that it is very important to engage in quasi-automatic sanctions and with an accelerated procedure.
8. S Korean co close to buying Mudra Lifestyle Promoters Likely To Get 15 Per Share As Non-Compete Fees, About 25% Higher Than Agreed Price SOUTH Korea-based $7-billion textile chain E-land is acquiring Mumbai-based Mudra Lifestyle
