Ranbaxy, Daichi Sankyo to integrate new drug research and development system

Pharmaceutical company Ranbaxy Laboratories Ltd it has transferred its new drug discovery research unit (NDDR) to Daiichi Sankyo India Pharma Pvt Ltd as part of strengthening global research and development structure of the group.

"The new organisation RCI, based in Gurgaon, will play a key role in the group's global drug discovery research," Ranbaxy said in a statement.

As part of the transfer, Ranbaxy's new drug discovery research will be renamed as Daiichi Sankyo Life Science Research Center (RCI), which will be under Daiichi Sankyo India Pharma.

On Friday, Ranbaxy shares closed 1% down at Rs456 on the Bombay Stock Exchange, while the Sensex ended at 0.28% down at 17,460 points.

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Glodyne Technoserve completes DecisionOne acquisition

Mumbai-based IT service company, Glodyne Technoserve Ltd said it completed the acquisition of the US-based Technology infrastructure management services (IMS) company DecisionOne Corp, for about $104 million.

In a regulatory filing, Glodyne said the transaction would strengthen its position in the North American market. The transaction would also broaden the service offering portfolio across many segments, including: data center, networking, server, workstation, and storage services, as well as application management services.

On Friday, Glodyne shares closed 0.25% up at Rs763 on the Bombay Stock Exchange, while the Sensex ended at 0.28% down at 17,460 points.

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Torrent Power signs contracts with Siemens

Torrent Power Ltd said it signed a turnkey engineering, procurement and construction (EPC) contracts with Germany-based Siemens AG, and its Indian unit Siemens Ltd, for two projects. No financial details were disclosed.

The two projects are UNOSUGEN, the 382.5 MW gas based combined cycle power project-the capacity expansion at the existing Sugen mega power project) and the greenfield DGEN project at Dahej SEZ, the 1,200 MW gas based combined cycle power project.

While UNOSUGEN is being established under Torrent Power Ltd, DGEN is being established under Torrent Energy Ltd, the wholly-owned subsidiary of the company. Thus, approximately 1,600 MW power generation capacity would be added in the Torrent fold within the next three years.

On Friday, Torrent Power shares closed 2.5% higher at Rs348, and Siemens shares closed 0.22% up at Rs719 on the Bombay Stock Exchange. While the Sensex ended at 0.28% down at 17,460 points.

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