The National Highways Authority of India (NHAI) plans to raise Rs 3,000 crore in 2009-10 through tax-free bonds to fund the road projects.
According to sources, the bonds are expected to hit the market very soon.
It should be noted that the company has earlier raised Rs 1,700 crore in the last fiscal (2008-09) to strengthen the sector.
In addition, the highways regulator was reported in talks with the Asian Development Bank for a loan of $400 million (about Rs 2,000 crore) to fund road projects.
Last year the highways' regulator had planned to bid out 60 projects worth Rs 70,000 crore but, most of these projects failed to generate any response in the wake of the economic slowdown.
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Drug firm Sun Pharmaceutical Industries has informed that the US health regulator Food & Drug Administration (FDA) has finally granted its subsidiary an approval for its Abbreviated New Drug Application (ANDA) to market oxycodone hydrochloride tablets.
The drug is a generic version of Xanodyne Pharmaceuticals' Roxicodone tablet, which is used as a narcotic painkiller in the treatment of moderate to severe pain. The company said that it would launch the products in US market shortly, in the strength of 5mg, 15mg and 30mg.
According to reports, oxycodone tablets have annual sales of approximately US$160 million in the US.
Recently, Sun Pharmaceutical got U. S. Food & Drug Administration approval to make and sell generic versions of anticonvulsant topiramate tablets.
At 3:10 pm, the shares of company were trading at Rs 1148 on BSE, up by Rs 20.90 or 1.85%. The stock hit an intraday high of Rs 1163 and low of Rs 1127.10.
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Intex Technologies, a 12-year-old IT Hardware and Electronics company, has finally entered CDMA based mobile phones genre with the launch of much awaited dual SIM (GSM + CDMA) mobile handset- IN 5050.
Earlier, the company was operating in GSM genre only with 7 models.
The latest sleek candy-bar handset, which weight just 88 grams, allows the users to multi-task by installing two separate SIM cards belonging to two different service providers (GSM/CDMA) and make a smooth shift between them, without switching off the mobile phone.
IN 5050 is equipped with a 1.3 megapixel camera along with Bluetooth, through which one can record and share some unforgettable moments. It allows users to store upto 1000 number phonebook and 400 SMS memory. Furthermore, the device also features Dual Speakers for a clear, high quality audio output.
To make the deal more attractive, the latest gizmo comes with freebies like 1 GB memory card, an extra battery and a portable battery charger. The device offers upto 160 minutes of talk time on full charge and upto 130 hrs of standby time.
Intex has been expanding its existing product lines at a really fast pace. Recently the company had introduced IN 2020, IN 2222, IN 1210 and IN 3333 mobile phones in the market and had also unveiled nine notebooks targeting different consumer segments.
The phone is available at a price of Rs 7,200 through company’s channel network comprising of 1000+ distributors and 12,000+ dealers spread across the country.
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