Error message

Deprecated function: Creation of dynamic property MergeQuery::$condition is deprecated in MergeQuery->__construct() (line 1357 of /home/topnewse/public_html/topnewsnl/includes/database/query.inc).
Deprecated function: Creation of dynamic property DatabaseCondition::$stringVersion is deprecated in DatabaseCondition->compile() (line 1887 of /home/topnewse/public_html/topnewsnl/includes/database/query.inc).
Deprecated function: Creation of dynamic property DatabaseCondition::$stringVersion is deprecated in DatabaseCondition->compile() (line 1887 of /home/topnewse/public_html/topnewsnl/includes/database/query.inc).
Deprecated function: Creation of dynamic property DatabaseCondition::$stringVersion is deprecated in DatabaseCondition->compile() (line 1887 of /home/topnewse/public_html/topnewsnl/includes/database/query.inc).
Deprecated function: Creation of dynamic property DatabaseCondition::$stringVersion is deprecated in DatabaseCondition->compile() (line 1887 of /home/topnewse/public_html/topnewsnl/includes/database/query.inc).

Biocon to invest Rs 100 cr in R&D

Keshav Seth 18 November 2008

Biocon to invest Rs 100 cr in R&D Biotechnology major Biocon has revealed its plans to pump Rs 100 crore in the coming fiscal with the aim to increase its research and development, to keep pace with increased orders from multinational firms, as leading worldwide firms have slashed their expenditure on R &D.

While commenting on the plans, Biocon Chairperson and Managing Director, Ms Kiran Mazumdar Shaw stated, "We will be investing Rs 100 crore in 2009-10 for enhancing our research and development."

According to the sources, the conglomerate has set aside an investment of Rs 60 crore for the current year.

The sources further revealed that the present economic slump has not affected Biocon much.

The funding of the expansion plan would be done through internal accruals.

Business News:

General: