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Thursday, June 3, 2010

Ranbaxy sees $100 mn revenue from South Africa ops in 2010

Indian drugmaker Ranbaxy expects $100 million in revenue from its South African operations in 2010, the firm's chief executive said on Thursday.

The company, majority owned by Japan's Daiichi Sankyo, had revenue of about $75 million from its South African operations in 2009, Atul Sobti said.

The company will begin manufacturing operations soon in South Africa, which is one of its top-five markets, he said.

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Economic Event Calendar

GMT+5:30 Event Vol. Actual Consensus Previous
Wednesday, Apr 16
18:45 Industrial Production (MoM) 2 -0.3% -0.2% 0.8% Revised from 0.7%
19:15 BoC Interest Rate Decision 3 2.75% 2.75% 2.75%
19:15 BoC Monetary Policy Statement 3
19:15 BoC Monetary Policy Report 3
19:30 NAHB Housing Market Index 1 40 37 39
20:00 EIA Crude Oil Stocks Change 1 0.400M 2.553M
20:00 BoC Press Conference 3
21:30 Fed's Hammack speech 2
22:30 20-Year Bond Auction 1 4.632%
23:00 Fed's Chair Powell speech 3
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