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Radio City Connect partners with Force India for Go Karting Championship
The Indian corporates have all the reasons to smile in this scorching summer of June, as they can take their teams on the fast track. Radio City Connect, activation arm of Radio City, India’s first and leading FM radio brand has partnered with Force India F1 team for Corporate Go Karting Championship across Mumbai, Delhi, Chennai, Bangalore and Hyderabad. Corporates from these five cities will get an opportunity to participate in the Maruti Suzuki Ritz presents Force India & Radio City Connect corporate Go Karting Championship.

Bankers will remain bankers
We are always better analysts with a 20/20 hindsight. Indeed, an ex post reading about events leading up to a crisis appears logical, and often leaves one with the question about why the evolution of the crisis could not be seen and corrected in time. Still, policy-makers know that such a review and understanding are important to learning from mistakes. Restoring Financial Stability (Wiley) acts as a catalyst to that understanding by offering a comprehensive sequencing of the causes and progression of the build-up of the financial strains that, following the Lehman bust in September 2008, evolved into a full-blown global financial crisis. It is a collection of thematic essays by the faculty of the Stern School of Business at New York University.

News of the day

China threatens to ban import of Indian seafood
Beijing has threatened to ban import of seafood and other food products from India if New Delhi continues to restrict import of milk products from China, the government informed the Lok Sabha today.
Small Business

Wockhardt gets tentative nod from US FDA

Pharma major Wockhardt today said it has received tentative approval from the US drug regulator to market "Memantine HCl" tablets, used for the treatment of Alzheimer"s disease and dementia. - Small players account for 40% of pharma ind - Top drug firms take in-licensing route to up sales - Kamineni group to set up hospitals in Andhra - Kamineni group to set up hospitals in Andhra Pradesh - Fortis completes acquisition of Wockhardt hospitals - Wockhardt, Kamineni deal sours The company has got "tentative approval from the United States Food & Drug Administration (US FDA) for marketing the 5mg and 10mg tablets of Memantine HCl, the medicine can be used to treat moderate to severe stages of the diseases," Wockhardt said in a statement. Memantine is the generic name of the brand Namenda, that is marketed by Forrest Laboratories in the US. The patent covering this product is under litigation in the US courts. Wockhardt and Forrest Lab have reached a settlement on their patent litigation, which allows the Mumbai-based firm to launch its generic version several months ahead of the patent expiration or as soon as any other generic version is launched. According to the market analyst firm IMS, the total market for Memantine tablets in the US is about $1.1 billion and is the first in class of Alzheimer"s drugs. "Wockhardt was amongst the first-to-file for an Abbreviated New Drug Application (ANDA) with paragraph IV certification on Memantine and is the first to get a tentative approval," Wockhardt Chairman Habil Khorakiwala said. Memantine tablets will be manufactured at the US FDA certified formulation plant at Waluj in Aurangabad.The tablets were developed in-house, the company added.


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