Categories

Business Ideas
Business Opportunities
Corporate
Home Business
International Business
Management
Online Business
Public Company
Public Relations
Small Business

Popular Articles

cheap cigarettes
ICICI allots 30,158 shares under stock options
The country"s largest private sector lender ICICI Bank has allotted a total 30,158 equity shares pursuant to conversion of options under the Employees Stock Option Scheme, 2000 (ESOPS).

Sunil Jain: Throwing money at the problem
India has a huge infrastructure problem and the solution so far appears to be to throw more money at the problem, without much effort to fix the core issues. A McKinsey analysis suggests India could lose up to around 10 per cent of GDP in the year 2017-18 due to shortage of infrastructure. While this is not a startling result, what is worrying is that the quality of expenditure has gone down with more money being spent. So, in the power sector, actual expenditures have fallen from 75 per cent of those planned in the 9th Plan period to a mere 58 per cent in the 10th one — roughly speaking, the 9th Plan was the NDA period and the 10th Plan the UPA’s first term.

News of the day

payday loans online
Mumbai airport operations to be hit every Tuesday
Passengers flying in and out of the Mumbai airport are likely to face a tough time on every Tuesday for the next five months as the intersection point of the two runways would remain closed for a few hours that day.
Management

Novartis India to quadruple its business in 5 years

Novartis India, a subsidiary of Switzerland-based Novartis AG, is all set to grow its business revenues by four times in the next five years. The company"s over-the-counter business unit is looking at introducing more products in the consumer healthcare segment. - Novartis: Puppy power - Novartis sweetens bid for India arm to Rs 450 a share - Two Novartis India directors resign - Novartis: Puppy power - "Firms can hedge on foreign comexes" - Roles reverse in pharma M&As Meanwhile, Novartis India is working on the pediatric version of its nasal decongestent, Otrivin. "We are looking at quadrupling our business in the next five years" time. The company launched calcuim supplement Calcium Sandoz eight years ago, followed by Otrivin in its nasal drop and now spray format. We will now introduce more products in various other segments including cough & cold and pain relief. The company will launch the pediatric vesion of Otrivin in few months" time," said Vineet Singhal, OTC Business Unit Head India for Novartis India Ltd. Currently, the main OTC product categories of the company are analgesics, cough, cold, allergy, gastrointestinal, skin care and smoking-cessation treatments, as well as mineral supplements. Novartis India has 1500 distributors in the country and expects its market share to increase by 3-5 per cent with Otrivin as an OTC product. The company has postioned the nasal spray format of Otrivin to be a part of the cough/cold and allergies segment, an estimated Rs 1,550 crore market in India. Of this, the nasal decongestion segment is about Rs 110 crore. Current market share of Otrivin is approximately 27 per cent as per ORG-IMS MAT June 2009 figures. Novartis India turnover for 2008-2009 was Rs 599.5 crore and the growth rate over the previous financial year was 8.3 per cent. Novartis AG provides healthcare solutions and its business operations comprise pharmaceuticals, vaccines and diagnostics, generics, OTC, and animal health. Novartis has operations in 140 countries and its headquarter is in Basel, Switzerland. In 2008, the group"s continuing operations achieved net sales of USD 41.5 billion and net income of USD 8.2 billion. Approximately USD 7.2 billion was invested in R&D activities throughout the group.


Add your comment:
Name:
Site address: http://
Your message:
Enter today\\\\'s date, 2 digits
(spam protection):

© Copyright 2009