JR Kyushu and Patni sign pact to tap Japanese market for IT services

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.

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Ranbaxy unit launches generic atorvastatin in South Africa

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.

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HCC unit partners with Egypt's Orascom Construction Industries

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.

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