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Novo Nordisk to launch range of insulin products in India
Denmark-based Novo Nordisk, a world leader in diabetes care, is bullish on setting up robust clinical research functions and also leveraging the India opportunity in related fields such as data management and studying the patent situation of the medicines under development as well as shared services. The global major that is looking at India as a hub for manufacturing insulin for the entire sub-continent, recently inaugurated a dedicated facility with a capacity of 26 million vials per annum in partnership with Torrent Pharmaceuticals Ltd at Kadi near Ahmedabad. Melvin Oscar D"Souza, managing director, Novo Nordisk India Private Ltd, tells Sohini Das about the company"s plans to introduce new products for the India market. Excerpts:

Investors wait for action on Jharkhand MoUs
The private players across the country who had signed MoUs since the constitution of Jharkhand as a new state bifurcating Bihar in 2000, have been eagerly waiting for the follow up action against their signed MoUs by the Shibu Soren-led ministry sworn in on last week by the Governor K Sankaranarayanan, ending over 11 months of President’s Rule in the state.

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Orissa SMEs unhappy over state level banks' functioning
Small and Medium Enterprises (SMEs) in Orissa have expressed their resentment over the functioning of the State Level Bankers’ Committee (SLBC), which meets at regular intervals to monitor the flow of credit to the Micro, Small and Medium Enterprises (MSME) sector.
Small Business

Asian markets off day's lows

Asian markets are trading in the negative, albeit off their day"s lows. - Asian markets end in green - Asian markets up on tech shares, exports - Asian markets end in red; Hang Seng, Shanghai slump - Asian markets end mixed - Singapore bourse extends timings, puts pressure on India"s exchanges - Asian markets end in green The Hang Seng has recouped more than 200 points and is now down 71 points at 21,582 and the Nikkei is lower by 148 points at 10,834. The Taiwan Weighted is weaker by nine points at 8,346. On the other hand, the Seoul Composite and Straits Times are up marginally at 1702 and 2,917 respectively. The Shanghai Composite is down two points at 3,220. ___________________________________________________________________ (Updated at 0824 am) Asian markets are trading in negative zone this morning following weak cues from the US markets over the weekend. The Hang Seng has slumped almost 300 points to 21,357. The Nikkei has tumbled over 200 points at 10,781. The Taiwan Weighted index has shed 39 points at 8,318. The Seoul Composite index has slipped 11 points to 1,691, and the Straits Times is down five points at 2,903. The Shanghai Composite index has declined nine points to 3,215.


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