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Seema Sindhu / October 31, 2009, 1:17 IST
Bhupesh Bhandari / New Delhi November 19, 2009, 0:17 IST
Reliance Mutual Fund will shortly launch an Islamic fund in Malaysia, a top company official said.
ElectraCard Services today launched an electra loyalty management system for Barclays Bank.
Concerned over high density of population in the cities, Urban Development Minister S Jaipal Reddy today said there was a need to go in for high rise buildings.
Public sector Bank of Baroda (BoB) today said its consolidated net profit jumped 54 per cent to Rs 2,384.08 crore in the financial year ended March 31.
The country"s largest coal producer, Coal India Limited (CIL), has proposed to the government that 15 per cent of the company can be divested.
In a move aimed at rationalising foreign direct investment (FDI) in various areas of the broadcasting sector, the Department of Industrial Policy and Promotion (DIPP) has proposed to increase the FDI cap for direct-to-home (DTH) services, uplinking hubs, teleport services and FM radio.
Global inflation: Global inflation is set to present policymakers with a cruel dilemma. After falling early in 2009, prices in many countries have resumed rising. The 1.8 per cent November rise in the US producer price index (PPI) is only the latest example of this. The need to squash rising inflation could soon force central banks to risk sacrificing growth.
Essar Oil’s recoverable coal-bed methane (CBM) reserve at Raniganj block in West Bangal has been pegged at 1 trillion cubic feet (tcf), 43 per cent higher than the earlier estimate of 700 billion cubic feet (bcf). The basin has 3.5 tcf reserves, a third of which are recoverable.
Global investment firm Blackstone is planning to list up to eight of its firms and sell at least five others, a move that marks a shift in its pessimistic view about the world economy, media report says.
Canadian investment firm Urbana Corporation has said it is looking to buy a 5 per cent stake in India"s largest bourse National Stock Exchange (NSE), for an estimated Rs 600 crore.
State governments in India have thrown caution to the winds and are rushing to attract FDI into export-oriented manufacturing and service industries by establishing Chinese-style special economic zones (SEZs) which are quite damaging for the society, says a new book.
From a low of 8,047 in March 2009, the Sensex has more than doubled over the last three quarters. With such a sharp upmove and valuations in the expensive territory, experts say that investors will have to temper their returns expectations for the current year. To find out the direction of the markets and promising sectors as well as the key concerns, Vishal Chhabria spoke to Krishnamurthy Vijayan, executive chairman, J P Morgan AMC. Excerpts:
Regulator may extend deadline after industry says it lacks Indian commanders
Vijay Mallya-promoted United Breweries today said its net profit rose by 57.14 per cent at Rs 35.50 crore for the quarter ended June 30, 2009, over the same period last year.
Kingfisher Airlines, owned by the UB Group, is planning to raise up to Rs 500 crore through issue of further share capital.
Aiming for a larger play in the domestic skies, Paramount Airways plans to increase its fleet fourfold by 2011 to 20 aircraft by inducting mid-sized airplanes.
Cash-strapped airlines have been pounded on another front suffering a loss of at least Rs 7 crore this year on account of bird hits.
PSU says it’s winning back contracts that went to Chinese firms
The car finance market is hotting up with ICICI Bank and Axis Bank slashing interest on new car loans.
The iconic bike maker Royal Enfield, the custodian of the oldest motorcycle brand in the world, is looking at increasing its brand reach in international markets on the back of its rich heritage.
MBL Infrastructure, which raised about Rs 102.6 crore through its initial public offer (IPO), will list its shares on the bourses tomorrow.
A new “old” Royal Enfield is born. We ride the Enfield Classic.
Kanika Datta / New Delhi January 7, 2010, 0:45 IST
Carnation Auto, the multi-brand car service provider promoted by former Maruti Suzuki head Jagdish Khattar, today joined hands with Fiat Group firm Magneti Marelli for servicing premium cars in the country.
The slowdown in overseas markets persists, so it could be a while before the auto-parts maker is back on track.
A better product mix, easing of cost pressures and better procurement helped consumer electronics and lightings manufacturer, Bajaj Electricals register a consolidated net profit increase of 64 per cent per cent for the quarter ended June 30, 2009, to Rs 16.4 crore, compared with Rs 10 crore in the corresponding quarter of the previous financial year.
Raising the price at which sugar mills are mandated to purchase sugarcane from farmers, over that fixed by the Centre, could punch a hole in the pockets of states. The Union government has said that anything that the state mandates above the centre-assigned price will have to be paid by the state.
Ajay Modi / New Delhi September 17, 2009, 0:39 IST
Tata Steel, for a consecutive quarter, has posted a consolidated net loss, of Rs 2,719.8 crore for the quarter ended September, compared with a net profit of Rs 4,703.6 crore in the corresponding quarter last year. Consolidated net sales during the period plunged to Rs 25,269.8 crore from the previous year’s Rs 44,050 crore, down 42.6 per cent.
Retail chain major Shoppers Stop today said it plans to raise Rs 250 crore to increase stake in its hypermarket chain, Hypercity to 51 per cent, a top company official said today.
Conceding that WPI-based inflation was not reflecting the rising prices adequately, the government today said the new mechanism has been devised to provide a better picture of the price situation.
Shedding earlier reservations over some aspects of the controversial new FDI guidelines, the Finance Ministry now says it does not have any objection to new rules that changed the criteria for calculation of foreign ownership in a company and its downstream investment.
The Municipal Corporation of Greater Mumbai (MCGM) is mulling raising funds to the tune of Rs 2,000 crore as India"s richest civic body struggles to overcome a financial crunch created by a projected shortfall in revenue collection and massive expenditure on projects.
How do fund houses charge the various taxes like dividend distribution tax, capital gains tax and securities transaction tax that a mutual fund is subject to? Are these deducted from the returns the fund generates?
Experts see inflation at 7 % at the end of 2009-10, expect increase in CRR by December.
Matrix Laboratories Ltd, a subsidiary of the US-based generics drugmaker, Mylan lnc, has assigned its right to purchase 1 per cent equity in Astrix Laboratories Ltd to Mylan Luxembourg, another subsidiary of Mylan.
Hero Group subsidiary Hero Electric will soon set up a joint venture with Canada-based battery maker Electrovaya for manufacturing lithium ion batteries for electric vehicles.
The water drawal by the industries from the Hirakud reservoir is much below the approved level, according to the state minister for industry and steel and mines, Raghunath Mohanty.
The state owned Industrial Development Corporation (Idcol) has asked the Indian Institute of Technology (IIT), Kharagpur to take up geo-physical survey of the Tangarapada chrome ore mines.
Want more cash, forex, higher bond coupons and increase in market prices for petrol, diesel, LPG.
The Ambani brothers may be at war with each other in real life, but that hasn’t stopped them from collaborating in reel life. The Aamir Khan starrer 3 Idiots, a Reliance Big Pictures release (an Anil Ambani enterprise), starts off thanking Mukesh Ambani for giving it permission to shoot at the IIM Bangalore campus — Mukesh Ambani is the chairman of IIM Bangalore.
India may be looking at Qatar for a "sweetheart" gas deal but Doha appears in no mood to sell liquefied natural gas (LNG) at anything less than $9-11 per mmBtu, rates which are more than double domestic gas price.
The Centre would sign an agreement with the World Bank for about $3 billion for projects to cleanse the Ganga river as envisaged under the recently constituted National Ganga River Basin Authority.
Suven Life Sciences Limited, a Hyderabad-based biopharmaceutical company specialising in central nervous system (CNS) diseases, has presented the clinical Phase-I data for its SUVN-502 drug at the 2009 Alzheimer’s Association International Conference in Vienna, Austria.
Granules India Limited (GIL), a Hyderabad-based active pharmaceutical ingredients (APIs) and pharmaceutical formulations intermediates, reported a net profit of Rs 6.19 crore for the quarter ended June 2009, as compared with Rs 2.7 crore in the corresponding quarter last year, reflecting an increase of 129.25 per cent.
Telecom industry may be hit by biggest customer churn ever, due to mobile number portability.
Telecom operator Reliance Communications (RCom) today announced the launch of its value-added service "mVDO", which will allow its mobile subscribers watch, share, search and upload videos online.
To safeguard the interest of policyholders and ensure transparency, the sectoral regulator the Insurance Regulatory and Development Authority (Irda) today came out with public disclosures norms for insurers and has asked them to follow it from the next fiscal.
Move to be part of a global expansion plan
Tatas is planning to introduce its small car Nano in Latin America in partnership with Italian auto maker Fiat.
Public sector Canara Bank, as part of fulfilling its corporate social responsibility (CSR) is in the process of imparting training to rural youth to enable them to acquire jobs in various disciples.
- Parsvnath Q2 net up three fold to Rs 61.43 cr - Banco Products net up 99% at Rs 21-cr - Indusind Bank Q2 net zooms 131% at Rs 77.8 cr - HDFC Bank Q2 net jumps 30% at Rs 687.46 cr - Mid & small-cap firms to see single-digit growth - Geojit BNP Paribas Q2 net zooms 150%
Ranbir Kapoor is raking in Rs 5 cr for each film.
Government of India has stayed suspension of Natco Pharma"s Albupax manufacturing (product) licence. Albupax is a nanotechnology based drug and is the first generic version of the international brand Abraxane of Abraxis Bioscience Inc, USA. Albupax consists of Paclitaxel in an albumin-bound nanoparticle form and is used to treat breast cancer.
Swiss drug manufacturer Novartis AG has been granted patent protection in India for Nilotinib, a superior version of blood cancer drug Gleevec (imatinib mesylate). It has been engaged in a legal battle with the government on the latter’s decision to deny patent protection for Gleevec.
Mobile services provider, Bharti Airtel, reduced its roaming rates by nearly 60 per cent. Customers who enroll into the Airtel Turbo plan will now be charged at 60 paise per minute for all incoming calls while on roaming. The new plan is available for both existing and new customers effective Friday.
Anil Ambani-promoted BigFlix and Hulu have teamed up to offer this free service and make money through online advertisements
Google Inc’s YouTube, the most- visited video website, is in discussions with Hollywood studios to start an online movie rental service, according to two people with knowledge of the talks.
A record addition of 15 million wireless telephone users in August has catapulted the total subscriber base in the country to 494.07 million, closer to the government’s 2012 target.
Mobile users who want to change their service providers while retaining their old number under the mobile number portability (MNP) feature will have to pay a maximum of just Rs 19 for availing the service. It would be introduced from December 31 in metros and by March next year in the rest of the country.
We all watch videos and TV content online. But we also know that streaming videos can become frustrating on a dawdling internet connection, which usually kills the experience. This is where mobile broadband connections come to the rescue. A mobile broadband connection is essentially a mobile phone for your PC — it uses the same GSM/CDMA and 3G technologies that provide voice and data to your mobile.
Telecom Regulatory Authority of India (Trai) has sought financial and operational details of broadcasters, cable operators and multi system operators (MSOs), which it requires for preparing a consultation paper on the issue of tariff for cable TV services in non-CAS areas.
It is not just landlines, BSNL is losing mobile subscribers too, according to a Parliamentary panel which has pulled up the PSU for not taking effective steps to check its falling market share.
Leading IT-based security solutions developer, Micro Technologies (India) Ltd, today announced the launch of Micro Jai-Kisan, an innovative device for farmers.
ArcelorMittal, the world’s largest steel maker, will benefit from a windfall of £1 billion (Rs 7,000 crore), thanks to the carbon credits issued to it under the European Trading Scheme. The Sunday Times today reported that ArcelorMittal will be the single largest beneficiary under the ETS due to its dominant presence in Europe.
Vandana Gombar & Joe C Mathew / New Delhi December 01, 2009, 19:57 IST
Communications Minister A Raja today said the observations made by the special audit — which had found that Reliance Communications and its other subsidiaries under-reported revenues during 2006-07 and 2007-08 — were being examined by his ministry.
In view of the security threat to offshore oil and gas installations, the government is mulling on extending the safety zone around these facilities beyond 500 meters.
India is not facing any shortage in onion supplies and prices of the key vegetable have now started easing, Minister of Commerce and Industry Anand Sharma said in the Lok Sabha today, replying to a member"s query.
Nalco closed at Rs 392, higher by Rs 16 or 4.5%, on the BSE.
The Reserve Bank (RBI) has made it easy for telecom companies bidding for third generation (3G) mobile spectrum to borrow money from abroad, while tightening the norms for others.
The Smart Portfolios registered healthy gains last week in line with a pull back in the broader markets. The benchmark index, S&P CNX 500, was up 3.61 per cent in the holiday-shortened week. An investment of Rs 10 lakh at the start of the Smart Portfolios on September 1, 2009, is today valued at Rs 11.20 lakh, an appreciation of almost 12 per cent. This week, barring Praveen Panjwani, other three fund managers were able to match the benchmark’s return.
Business Standard / New Delhi December 11, 2009, 0:03 IST
Home Minister P Chidambaram has said the process for forming the new state will be initiated.
The market could test 5,300 going into the December settlement
Newbie restauranteur Rajyasree Sen of Brown Sahib gives the humble mishti doi a new twist.
With a person dying every four-and-a-half minutes in road accidents in the country, the government today said it will tighten safety rules to bring them in line with international standards.
Private sector lender, IndusInd Bank has presented its roadmap to the Reserve Bank, to bring down the promoter stake to the mandatory 10 per cent over the next 2-3 years, its CEO said.
Fear of legal action against damages by the US prevented the government from becoming a party to rehabilitation of the crisis-ridden Satyam Computer Services, said former Corporate Affairs Minister Prem Chand Gupta.
The government today ruled out appointing an ombudsman to redress the complaints of poor mobile telephony services, like call drops, saying state-run BSNL and MTNL were taking effective steps to upgrade technology.
While Goldman Sachs Group Inc scrapped its holiday party for a second straight year and some JPMorgan Chase & Co bankers had their yuletide gathering in a cafeteria, staffers of Bear Stearns Cos reunited at a velvet- roped bar that sells bottles of Cristal champagne for $450.
Most people think that small investments will lead to lower risks. But the returns are adversely impacted.
Navratna aluminium giant National Aluminium Company (Nalco) has decided to give cash incentive for disposal of fly ash, about 7,000 million tonnes (MT) of which is generated at its 1,200 Mw thermal captive power plant here everyday.
Indian handicraft exporters are gearing up to explore new markets in South Africa and Latin American countries as demand from major importers like the US and the European Union (EU) continue to suffer from the global economic downturn.
The Sensex has ended (provisional) at 17,340 - down 61 points.
The southern cement major India Cements is going to considerably increase its recently acquired holding in Indo Zinc in Rajasthan. Indo Zinc holds a limestone mining lease in Rajasthan — an indispensable input for manufacturing cement.
India has earmarked Rs 500 crore for the relief and rehabilitation of the Internally Displaced Persons (IDPs) in Sri Lanka, Lok Sabha was informed today.
India"s gems and jewellery exports lost sheen for the eighth month in a row with exports dropping by a sharp 24 per cent to $1.5 billion in May 2009 over the year ago month mainly on account of slump in demand in its major markets like the US and Europe.
The Indian Air Force (IAF) today said it had sought permission from the government to fire at Maoists if they attacked helicopters.
Mysoreans will have the opportunity of witnessing for the first time thrilling aerobatic demonstration by the renowned Suryakiran team of the Indian Air Force (IAF) during this Dasara.
For the first time, the Indian Air Force (IAF) today landed an AN-32 transport aircraft at the Nyoma Advanced Landing Ground (ALG) in eastern Ladakh, just 23 km from the Line of Actual Control (LAC) with China.
Among professional Indian economists, C Rangarajan comes next only to Prime Minister Manmohan Singh in terms of the number of years spent in economic policy-making. His professional life, like that of the PM, began in academia. Both chose to be teachers and ended up in government. Both served as governors of the Reserve Bank of India (RBI). Both worked closely together during the crisis months of 1991-92. One went on to become prime minister, the other almost became union finance minister!
In the wake of the recent controversies over Chinese incursions, India and China have reaffirmed the need to maintain peace and tranquility on border pending resolution of the “complex” issue.
The Centre will initiate talks on Telangana after situation calms down in Andhra Pradesh as any move by it now will "ignite things further", Minister of state for Minority Affairs Salman Khurshid said today.
I am planning to buy a car, which most probably will end up with my father. My budget is in the range of Rs 10-13 lakh. Which one would you suggest — the Honda Civic or the Toyota Corolla Altis? He normally prefers a petrol, but if you think the new Chevrolet Cruze is much better than the rest, then I can convince him for the diesel also. I am also looking at a used, last generation 2007 Audi A4 diesel. It is working out to be more expensive even in terms of finance. What will you suggest?
Trades between FIIs generated a volume of Rs 43 crore on the BSE Thursday-an decrease of 34.61% from Rs 66 crore clocked on Wednesday. As many as four stocks witnessed trades of 8.12 lakh shares on Thursday.
Fiat India Automobiles (FIAL), a 50-50 JV between Fiat Group Automobiles (Fiat) and Fiat India Automobiles , has sold 10,000 units of its sedan, Linea, since its launch in January this year.
Here’s a list of the show’s snazziest and sleekest as you breeze through the event.
Infosys BPO is likely to get a new Chief Executive Officer (CEO) by January 15, a top company official said.
Farm-to-fork model proves to be expensive, with prices higher than in neighbourhood stores.
Marxist veteran Jyoti Basu"s son Chandan Basu today said he felt bad about the rumours being spread about the health of his father, who was critically ill in a hospital here with pneumonia.
Housing finance companies step in to provide loan to customers turned away by banks.
Fixed maturity plan (FMP) launches, which had slowed down since the end of 2008, have again gathered steam with mutual funds rushing to meet investors’ demand for such plans ahead of the financial year end for the tax incentive FMPs provide.
Chef Patrick Verre goes microbiotic in search of “food energy”.
Ruling out any bailout package for Maytas Properties, the government today assured the NRIs of working a solution to non-delivery of flats sold by the firm promoted by kins of disgraced Satyam founder B Ramalinga Raju.
Consider the following aspects while reviewing my portfolio:
Business Standard / New Delhi October 7, 2009, 0:20 IST
The high-voltage battle between the Ambani siblings -- Mukesh and Anil -- has put under stress the legacy of their father Dhirubhai Ambani, Corporate Affairs Minister Salman Khurshid said today.
Asserting that Hyderabad-based Maytas Infra is in a position to execute projects, Corporate Affairs Minister Salman Khurshid today said the government"s intention is to see that the company is back on its feet.
While launching a report on ecosystem services and biodiversity, Jairam Ramesh Union minister of state (independent charge) for environment and forests said that he didn"t know that there also existed blue and brown carbon besides green and black carbon. “These colours of carbon can be the answers to Benetton,” he joked.
India has said that there is now better understanding of its position on climate change in the US, which recognises that emission cuts is not the only way for countries to reflect their domestic obligations globally.
Sunita Narain / New Delhi December 04, 2009, 0:50 IST
The Insurance Brokers Association of India (IBAI) today demanded implementation of a mechanism to reduce delays in renewal of licences and dubbed the recommendations of the Swarup Committee as being “unpractical” and “misconceived”.
Amid fears of a debt crisis in Dubai, ICICI Bank today said it does not have any significant exposure to Dubai corporates.
Sunil Jain / New Delhi February 1, 2010, 1:24 IST
Notwithstanding the UAE being India"s top destination for exports, the government today put up a brave face stating financial concerns in Dubai would not impact the Indian economy and the country"s real estate sector.
Assistance will be used to for infra projects, recapitalsation of PSU banks
The late Swedish journalist/author Stieg Larsson was the man behind Lisbeth Salander — the undeniably twisted and talented female protagonist of his “Millennium” trilogy. The second part in the series, The Girl Who Played With Fire, translated from Swedish by Reg Keeland, continues from where the first book left off — asocial heroine Salander once again back to her punch-throwing, expert computer hacking ways that she honed as a former security analyst in Stockholm, spinning yet another edge-of-the-seat crime thriller. Interestingly, Larsson’s father Erland Larsson, while receiving an award for his late son last year, revealed in an interview that the character of Salander seems to have been inspired by his son’s niece Terese, to whom the author had been very close.
Religare Enterprise is expanding is investment banking division. The financial services company has started an investment banking division to tap opportunities in emerging markets. This new division will be part of Religare Capital Markets Limited (RCML).
To make London its European hub.
The below-average monsoon this year and the subsequent shortfall in the production of sugarcane in India will see the prices of Indian Made Foreign Liquor (IMFL) increase by 10-15 per cent in the next financial year, say industry experts.
PHD Chambers: No big-ticket reforms
A large number of academicians, including principals and vice-chancellors of various colleges and universities, met here today to discuss the Yash Pal Committee report on higher education, according to Pankaj Chandra, director of Indian Institute of Management, Bangalore (IIM-B).
Key roadblock: Constitutional amendment required to provide wider taxation powers to Centre, states.
From setting the rates, to the constitutional changes required and the training needed, it is unlikely we will be able to implement it by April 2010, says S Madhavan.
The budget may not mention the introduction of Goods and Services Tax (GST) from next fiscal as there are already voices expressing doubts about meeting the deadline.
The ‘unscientific’ coal mining in Jantia Hills of Meghalaya is severely affecting power generation at North Eastern Electric Power Corporation’s (Neepco) Kopoli hydro project in Assam due to rise in acid content of water in the reservoir. The high acidic nature of reservoir water has led to unprecedented rise in wear-and-tear and breakdown of machines and parts of the power plant.
Likely to drill three additional exploration wells in the block before the end of 2010.
The strong 700-member Bombay Stock Exchange (BSE) brokers forum yet again expressed its reservation against the extension of trade timing by both BSE and the National Stock Exchange (NSE) from January 4. Last week, both the bourses had to postpone their decision to open markets by 9 am after a sharp outcry against the decision from market participants.
Chief minister B S Yeddyurappa on Sunday vented his ire on the legislators engaged in “political games” and said the party was seriously viewing the activities of “some legislators who are on jolly trips” at a time when they should be providing relief to the flood-affected.
While housewives across the country are complaining about high inflation levels, Mother Dairy has come up with a great advertising idea. It has put out advertisements saying it has not hiked prices of its toned milk and full cream milk. The move comes at a time when some of its competitors (like Amul) have raised prices. Mother Dairy says the advertisement has been issued in the public interest.
The latest GST move is why the tax holiday notifications are being sought to be ended by March 2010.
Faced with a heavy tax burden, the small-scale wall clock makers of Morbi (Gujarat) are diversifying into ceramics, stationery items and retail. Besides, the industry is also losing ground to the metros and cities like Bangalore, where clock manufacturing has started picking up and taxation levels are lower, Morbi players claim.
A day after revised schedule for the borrowing for the first half of the current fiscal was announced, the government today said it would raise Rs 12,000 crore from sale of two government papers.
GVK Power and Infrastructure (GVKPIL), with interests in power, roads, airport, and aviation, reported a 45.19 per cent increase in net profit to Rs 44.23 crore for the second quarter ended September 30, 2009, as compared with Rs 30.47 crore in the corresponding period last year.
Only the steady tide of readers overflowing into the aisles of the Gulmohar Hall indicated that this was not just another book discussion at the India Habitat Centre in Delhi. Vilayanur Ramachandran’s lecture drew students, fellow neurologists and inquiring readers in such numbers that we could easily have filled the nearby Stein Auditorium.
After venturing into the private equity (PE) space earlier through a joint venture, financial services provider Religare is now planning to go solo.
Private Equity (PE) investments into South India have dropped 64 per cent between April and September, 2009, to $626 million from $1752 million, during the same period last year. The number of deals fell 48 per cent. Among the four states in South, Andhra Pradesh had attracted the highest investment, in terms of value.
Business Standard / New Delhi November 10, 2009, 0:39 IST
Hinduja Group flagship company Ashok Leyland today reported a jump of 56.99 per cent in its commercial vehicle sales at 5,333 units in October as compared to the same month in 2008.
Hinduja Group flagship company Ashok Leyland is likely to increase prices of its commercial vehicles across all models by April 2010 to offset rising input costs.
The consumption of technical textiles, used in the healthcare industry, in India is growing and the industry body Ficci wants the government to provide capital subsidy to the domestic companies to meet the demand.
Driven by robust growth in its larger units, hospital chain Fortis Healthcare today reported a 23.4 per cent increase in net profit at Rs 12.9 crore for the second quarter ended on September 30, 2009.
India"s moon mission has proved to be quite economical and cost much less compared to what other countries have spent on their projects, mission director M Annadurai said here.
The Indian Space Research Organisation (Isro) and US space agency Nasa should deploy surface robotic penetrator in "Chandrayaan-II" mission to study more about the presence of water molecules on moon, former President APJ Abdul Kalam has suggested.
Swiss drug major Novartis has approached the Supreme Court against a decision of the country’s apex patent complaint redressal forum, the Intellectual Property Appellate Board (IPAB), to deny patent protection for its cancer medicine, Glivec. The court is expected to take up the case for hearing on August 31.
The Supreme Court today decided to commence final hearing on the high-profile gas dispute between the group firms of Mukesh Ambani and his younger brother Anil from October 20.
FMCG major Marico today said its consolidated net profit for the year ended March 31, 2009 stood at Rs 188.71 crore, while it had a net profit of Rs 169.07 crore in the same period ended March 2008.
Glenmark Pharmaceuticals today said it has received the final approval from the US drug regulator for the marketing of its anti- hypertension tablets.
Government is mulling on raising its equity in the National Film Development Corporation (NFDC) in an attempt to revive the premier film making institution, Information and Broadcasting Minister Ambika Soni said today.
Environment Minister Jairam Ramesh neatly turned the tables on the BJP when it attacked the government using the comments made by David Axelrod, a key advisor of US President Barack Obama. Ramesh quipped, “Mr Axelrod is the Arun Jaitley of the Obama Administration.
The domestic pharmaceutical industry has demanded exemption in income-tax and fiscal incentives in the forthcoming Budget for promoting research and development (R&D) in the field of drug discovery in India.
Former BJP Chief Rajnath Singh today cautioned the UPA government against implementing Ranganath Mishra Commission recommendations on minority reservation, claiming that it will promote religious conversion and affect the unity and integrity of the country.
Even as Union Home Minister P Chidambaram appealed to political parties in Andhra Pradesh to restore peace, transport across the state was crippled on Tuesday.
Reliance Industries Ltd (RIL) today told the Supreme Court that Reliance Natural Resources Ltd (RNRL) had agreed to the clause on ‘government approval’ (on gas sales) in the discussions that followed the demerger between the Ambani brothers, Mukesh and Anil.
The Orissa Power Transmission Corporation Limited (OPTCL) will execute projects worth Rs 2,000 crore for improvement of the power infrastructure in the state on a priority basis.
The German auto component major Bosch today said it developed a special diesel engine in partnership with Tata Motors, the makers of the Rs 1-lakh car Nano.
For filmstar Bipasha Basu, the New Year festivities will be a hugely rewarding experience. As she spreads cheer among fellow Mumbaikars, Basu will get a whopping Rs 2.47 crore for a 15-minute song-and-dance appearance at Mumbai’s Sahara Star, a suburban hotel next to the airport.
Anil Ambani’s direct-to-home company, Reliance BIG TV, has formed a marketing alliance with Fox STAR Studios for its forthcoming movie, Avatar. The deal, according to source, has been struck for Rs 20 crore.
Agricultural growth in the third quarter (October-December) of the current financial year might be negative, Finance Minister Pranab Mukherjee said today.
State-owned NTPC today said it has appointed a consultant for evaluation of a coal mine in Indonesia.
Major growth driver will be transmission and road projects.
Anil Ambani group firm Reliance Infrastructure today said its consortium has bagged a project worth Rs 1,725 crore for building roads in Maharashtra from the National Highway Authority of India.
Electricity, a basic minimum service that any citizen should get or for that matter the industry for its development, witnessed severe fluctuations in progress in 2009 in terms of capacity addition.
India urgently needs a new land acquisition policy as the present framework is outdated and does not adequately incorporate the interests of the owners and workers of the land procured by private firms, according to Planning Commission member Arun Maira.
NIIT technologies has announced partnership with Hitachi Information Systems to offer cloud computing services. Cloud computing is an emerging mega trrend which is standardized IT capability delivered via the internet in a pay per use and self service manner. With cloud computing gaining impetus, both companies will be able to offer the complete portfolio of services around the cloud infrastructure to cater to the changing IT landscape.
Announces target a day after US offered 17% cut in emissions.
Rajesh Bhayani / Mumbai September 18, 2009, 0:02 IST