JR Kyushu System Solutions, the IT systems unit of Japan's Kyushu Railway Company, and Patni Computer Systems Japan, the Japanese arm of Patni, have signed a joint venture (JV) agreement for providing high quality, cost effective IT and product engineering services to the Japanese enterprise market.
The new company called JR Kyushu Patni Systems, in Fukuoka-shi, is a 51:49 partnership between JR Kyushu and Patni Japan respectively.
Kyushu Railway Company is a major railroad company in Japan, and Patni Computer Systems Ltd is a leading global IT and product engineering services provider.
On Tuesday, Patni’s shares ended 1.6% down at Rs580 on the Bombay Stock Exchange, while the benchmark Sensex closed 1% down at 16,617 points.
Ranbaxy Laboratories Ltd said its subsidiary Ranbaxy S. A. has launched generic atorvastatin, 'Lipogen', a cholesterol reducing medication in the South African market.
Ranbaxy is the first generic pharmaceutical company to launch a generic atorvastatin in that country.
On Tuesday, Ranbaxy shares ended 1.6% down at Rs415 on the Bombay Stock Exchange, while the benchmark Sensex closed 1% down at 16,617 points.
Hindustan Construction Company Ltd said its unit HCC Infrastructure Ltd (HIL) has signed a memorandum of understanding (MoU) with Egypt's Orascom Construction Industries for bidding and developing the National Highway Authority of India (NHAI) projects in India.
HIL and OCL, a leading Middle Eastern construction contractor, will also explore a broader scope of partnership with the intent of jointly creating a premium portfolio of infrastructure assets across different sectors in India.
On Tuesday, HCC's shares ended 0.9% down at Rs110 on the Bombay Stock Exchange, while the benchmark Sensex closed 1% lower at 16,617 points.