As regards global markets, Asian indices closed in the green. European indices have opened in the red. The rupee was trading at Rs 62.1 to the dollar at the time of writing.
Ashok Leyland has launched the latest backhoe Loader (435E Backhoe Loader) under its joint venture with construction equipment manufacturer John Deere. The 435E Backhoe Loader is targeted at first time buyers and offers 10% improvement in fuel efficiency. The Backhoe Loader is manufactured from the company's Gummidipoondi facility and equipped with 'H' series engine of Ashok Leyland. Ashok Leyland John Deere Construction Equipment Company have 155 plus touch points across the country and has 1,000 customers in two years of operations.
Dr Reddy's and GSK will register their first product in the European Union (EU) this calendar year, under a partnership struck five years ago mainly to tap emerging markets for medicines. The company has not divulged the name the product or the therapeutic segment it falls under. It typically takes one-two years for a medical product to be approved once registered in Europe. GSK in June 2009 entered into an alliance with Dr. Reddy's to develop and sell select products across emerging markets outside India in fast-growing therapeutic segments such as cardiovascular, diabetes, oncology, gastroenterology and pain management.