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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.

Bharat Nirman: Long on target, short on quality
Economists call it the “U without Q” (utilisation without quality) factor. The expression is now being increasingly used to describe the progress made by Bharat Nirman, considered by many as the jewel in the crown of the United Progressive Alliance (UPA) government.

News of the day

Army warms up to Akash missile
India’s long-criticised Akash anti-aircraft missile is now blazing towards success. Its counterparts in the DRDO’s Integrated Guided Missile Development Programme, the Prithvi and Agni ballistic missiles, were on target from the start; the anti-tank Nag missile will also enter service shortly; the Trishul short-range anti-aircraft missile was abandoned unceremoniously. Now, after years of rejection from the military, the Akash is being accepted as a world-class missile.
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UP to explore IT/ITeS SEZ in Lucknow

The Uttar Pradesh government is keen on having an Information Technology/IT Enabled Services (IT/ITeS) Special Economic Zone (SEZ) in Lucknow to give a major boost to the sector. - Govt-appointed panel calls for comprehensive land reforms - Govt to consider new SEZ proposals on Dec 15 - Aurobindo Pharma up 8.4% - Technopark Phase 3, Kollam get SEZ status - APIIC Formulation SEZ goes on stream - Land acquisition in Gujarat less bloody While the government admitted that it acknowledged the potential of an IT/ITeS SEZ in the state capital, no timeline had so far been fixed. Besides, the government is also keen on the need to aggressively solicit some large anchor IT/ITeS investments in Lucknow, given that the city is an excellent hub of talent and offers an excellent quality of life. The anchor investments would propel the SEZ into fructification and a successful venture. Addressing a CII interactive session on ‘IT-BPO Destination Lucknow’, UP industrial & infrastructure development commissioner (IIDC) Anoop Mishra agreed in-principle to the need for a large IT/ITeS SEZ. TCS, which has a good presence in UP, was a partner in the event. Mishra also stressed the need to make the state workforce more employable. “Among the challenger locations listed in the Nasscom-AT Kearney Study, Lucknow has a huge opportunity to emerge as an IT-BPO hotspot,” TCS principal consultant Jayant Krishna said. He shared his company’s excellent experience with their global delivery operations based in Lucknow.“TCS-Lucknow has low attrition, high employee satisfaction, strong process rigour and a high customer satisfaction. Talent availability is abundant in and around Lucknow, whereas space rentals are almost half compared to the NCR. All these factors make an excellent business case favouring Lucknow,” he underlined. Meanwhile, UP IT & Electronics principal secretary Chandra Prakash told Business Standard the government would take definite steps in the direction of setting up an IT/ITeS SEZ in the city. “The idea of such an SEZ is very much viable and we will see how to proceed in this regard,” he said.


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