Markets slip into red

Markets have erased all its gains and slipped into the red. The Sensex is now up four points at 17,234. The Nifty is flat at 5,145. BHEL and Reliance Communications have advanced over 1% each. NTPC has slipped 1%.

Ex-UB honcho to develop wine value chain

Vallee de Vin, maker of the premium Zampa brand of wines, is looking at investing upto Rs 35 crore on expansion as well as verticalisation by offering a range of services centred around the core business of wine manufacturing. Ravi Jain, chief executive officer of the Sanjegaon, Nashik-based vineyard, said that the company has a horizon of upto three years to raise the amount.

Fakes make up 20-25% of Rs 85,000 cr pharma sales

Watch out! The next time you buy your baby a cough syrup or get yourself any medication, make sure to get a proper bill else you could fall prey to the multi-crore clandestine business of spurious, misbranded and adulterated drugs.
Polygraphy

NIUD gets union assent

The Union Government has given consent for setting up the centre of National Institute of Urban Development (NIUD) in the Chhattisgarh. Sources in the government said that after discussion with state officials, the union government had given consent for setting up the NIUD centre in the state. The centre had also sanctioned Rs 35 crore for the project.

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