Stock Picking - Art Or Science

If there is one Legal way to Become Rich early, it is by Investing in Stocks and Real Estate. In this Blog you will not see general news which are available at numerous sites, instead u will get filtered news and opinions which matter. Many a times some small but important news were overlooked because of simultaneous big event, I try to put all those news in my Blog. The Home Page shows posts of only last 10 days. To see all the posts click on the month in the Archive section.

Thursday, March 09, 2006

News You Can Use

Centurion Bank Of Punjab - Raising Fund

The Centurian Bank of Punjab today said it has received approval from the Reserve Bank of India for the preferential issue of 12.9 crore equity shares at Rs 19.25. Under the issue, the bank will allot seven crore equity shares of this price to India Value Fund, it said in a release here.

The bank which was formed after merger between Centurian Bank and Bank of Punjab, would also allot 5.90 crore equity shares to Citigroup Venture Capital International Growth Partnership Mauritius Ltd, it added.

Shasun Chemicals - Got MHRA Approval

Chennai-based Shasun Chemicals and Drugs Ltd Wednesday said it received approval from Britain for its oral solid dosage forms for the bulk tablets market. With the approval from the British Medicines and Healthcare products Regulatory Agency (MHRA), Shasun's products from its formulation facility in Pondicherry can now be sold in Britain and other European countries.

Shasun's plant at Pondicherry, set up in 2005, has a capacity to produce 3.6 billion tablets per year. "With this first approval for the formulation plant having been received in record time, the company is closer to commercialising its plan in integrating its support operations in the complete value chain of pharma business," Vimal Kumar, Shasun's joint managing director told reporters Wednesday. "Going forward, we expects this approval to enhance our capabilities to support the requirements of companies worldwide, providing back end manufacturing support across the complete pharmaceutical value chain," he said.

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