Biz Briefs

Marico Ltd could be under pressure in the second half of the current fiscal on low product prices. Marico, reduced product prices between five and 15 per cent in the first half of the year.

Momenta Global Group will set up a software development centre in Shimoga and is looking forward to start a similar venture in Nagpur and north India, a top company official said on Friday.

Eko Vehicles, a Bengaluru-based electric bike manufacturer, on Friday said it would launch a new hybrid product that would be a mix of electric and petrol two-wheeler by February next year.

Biocon, the Bengaluru-based biotechnology firm, plans to launch an oral insulin drug by early 2011. The company is in talks with a few firms for licensing it, a top company official said on Friday.

Apollo Tyres said it will raise tyre prices by up to 10 per cent by this mo-
nth end to offset rising raw material costs, specially that of rubber. In the last four months, natural rubber has seen a 30 per cent rise in price.