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Dr Reddy’s Laboratories, GVK power, Reliance Ind, Maruti, Satyam Computers

04 Dec, 2008 Dr Reddy’s Laboratories, GVK power, Reliance Ind, Maruti, Satyam Computers


Dr Reddy’s Laboratories has won contracts for supply of seven active pharmaceutical ingredients to Germany.Out of the 44 bids for the over $3.5 billion sick fund tender in Germany, whose results were declared, Dr Reddy’s won seven bids. Dr Reddy’s had bid for 33 drugs, according to sources in the company.
GVK Power & Infrastructure Ltd has bagged an award from Ministry of petroleum for seven Offshore Deep Water blocks.
Reliance Industries has decided to downsize the employee strength in its aviation turbine fuel business following the poor performance of the aviation industry. As a first step, the company has issued termination letters to over 20 employees at its fuel farm at the Hyderabad international airport.
Nissan Motor Company, Japan's third-largest auto maker, has decided to cut its small car sourcing target from India's biggest car company Maruti Suzuki by 80 per cent in view of the severe downturn in Europe’s automobile market.
Satyam Computer Services, the country’s fourth-largest services exporter, is taking a cue from its rival Infosys to trim costs as the global slowdown could impact revenues