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Help Line Law - Online Legal Solutions INDIA BUSINESS WORLD - 16th September - TO - 15th October - 2009

THE MONTH THAT WAS...

News & important developments from the most prospective of the New World markets. India. Our effort is to provide you with the latest and relevant developments that take place in the Indian business, economic and legal environment.

ECONOMIC NEWS:

GLOBAL M&A ACTIVITY PICKS UP STEAM: After witnessing a lull for quite some time, the global merger and acquisition activity is finally catching up speed, with as many as eight deals worth more than $1 billion each, being announced in the last seven days.......More

GOVERNMENT ISSUES RS 10,306-CR OIL BONDS: THE government has issued oil bonds worth Rs 10,306.33 crore to three oil marketing PSUs to compensate them for selling sensitive petroleum products below market price.......More

13 FDI PROPOSALS WORTH RS 393.62 CR OKAYED: The government has approved 13 foreign direct investment projects, including a proposal of Dish TV, entailing total overseas investment of Rs 393.62 crore.......More

OTHERS...

LEGAL NEWS:

COURT CANNOT DIRECT INVESTIGATIVE AGENCY IN INVESTIGATION, RULES SUPREME COURT: In a ruling having long-term ramifications for criminal investigations, the Supreme Court has held a court cannot direct an investigative agency to conduct an investigation in a particular manner.......More

DELHI HIGH COURT RESTRAINS BOXER VIJENDER SINGH FORM MAKING FRESH CONTRACTS: The Delhi High Court restrained boxer Vijender Singh, the Olymppics bronze medalist, from entering into any sports management agreement with Percept Ltd as he already has a contract with Infinity Optimal Solutions (IOS).......More

HEARING IN 1984 ANTI SIKH RIOTS POSTPONED TILL OCT 31: The District court adjourned till October 31, the hearing in the 1984 anti-Sikh riot case in which the Central Bureau of Investigation (CBI) had given Jagdish Tytler a clean chit.......More

AJMAL AMIR KASAB TRIAL: COURT DIRECTS BAR COUNCIL TO TAKE ACTION AGAINST DEFENCE ADVOCATES AZMI AND NAQVI: The designated court, conducting the trial in 26/11 terror attack case, issued a letter to Bar Council to take action against defence advocates Shahid Azmi and Aijaz Naqvi, representing two accused in the case for their non-appearance in the court during cross examination of a witness.......More

CHEQUE BOUNCE CASES TO BE DECIDED UNDER ORIGINAL JURISDICTION, DIRECTS DELHI HIGH COURT: The Delhi High Court has directed that all outstation cases related to cheque bouncing should go back to their respective courts as they do not fall under the Capital's jurisdiction.......More

OTHERS...

BUSINESS NEWS:

SUPREME COURT ALLOWS TVS TO SELL TVS FLAME: The Supreme Court has allowed the sale of TVS Motor Company’s twin spark plug TVS-Flame.......More

WOCKHARDT TO SELL MARKETING RIGHTS OF DIABETES DRUGS: WOCKHARDT, a troubled drugmaker with huge debts, is in talks with GlaxoSmithKline, Pfizer and Novartis to sign a deal that would give marketing and research rights of its diabetes drugs under development to one of the global companies, two persons familiar with the development said.......More

US-BASED DRUG-DISCOVERY FIRM ALBANY MOLECULAR RESEARCH INC (AMRI) FILES PATENT CASES AGAINST DR REDDY'S LABORATORIES (DRL) AND SANOFI AVENTIS: NYSE-listed Dr Reddy's Laboratories (DRL) is embroiled in a fresh patent infringement row with US-based drug-discovery firm Albany Molecular Research Inc (AMRI).......More

STRIDES ARCOLAB LAUNCHES SWINE FLU DRUG: Pharmaceutical firm Strides Arcolab has said that it has launched its anti-swine flu drug 'Starflu'.......More

OTHERS...

MARKET DEVELOPMENTS:

ESSAR TIES UP RS 3,600 CR FOR GUJARAT POWER PLANT: ESSAR Power, part of the Ruia family conglomerate, has tied up Rs 3,600 crore for its forthcoming 1,200 mw coal-based power project at Salaya in Gujarat.......More

PE FIRM KOHLBERG KRAVIS ROBERTS & CO (KKR) UPS STAKE IN ARICENT TO 79% IN $175-M DEAL: PRIVATE equity firm Kohlberg Kravis Roberts & Co (KKR) has increased its stake in its first Indiabased investment.......More

JP ASSOCIATES SELLS 5 CR TREASURY SHARES FOR RS 1,190 CR: INFRASTRUCTURE major Jaiprakash Associates (JAL) raised around Rs 1,190 crore through sale of 5 crore treasury shares in bulk deals in a bid to finance its proposed captive power plants and keep cash ready for a possible acquisition or setting up of cement capacity in Maharashtra and overseas, a top company executive said.......More

OTHERS...

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Armenia: Yerevan Australia: Geelong Wollongong Newcastle Townsville Hobart Gold Coast Sydney Perth Melbourne Darwin Canberra Brisbane Adelaide Austria: Villach Graz Wien Linz Salzburg Innsbruck Vienna
Azerbaijan: Baki Bahamas: Nassan Bahrain: Manama
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Belo Russia: Minsk Homyel Vitebsk Brest Minsk Bhutan: Thimpu Bolivia: La Paz
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Ethiopia: Adis Ababa Fiji: Suva Finland: Oulu Tampere Espoo Vantaa Turku Helsinki
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Ghana: Accra Greece: Patra Irakleio Thessaloniki Pallini Athens Grenada: st.Georges
Guatemala: Cidade de Guatemala Guatemala City Guinea: Conakry Guinea Bissau: Bissau
Guyana: Georgetown Haiti: Santo Domingo Port au Prince Honduras: Tegucigalpa
Hong kong: Queensway Hong Kong Hungary: Budapest Iceland: Reykjavik
Indonesia: Surakarta Samarinda Banjarmasin Malang Semarang Surabaya Medan Denpasar Batam Bali Jakarta Iran: Bendar-e-Abbas Ahvaz Qom Bakhtaran Shiraz Esfahan Mashhad Tehran Iraq: Al Basrah Baghdad
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Kuwait: Kuwait Kyrgyzstan: Bishkek Laos: Vientiane Viangchan
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Libya: Tarabulus(Tripoli) Liechtenstein: Vaduz Lithuania: Vilnius
Luxembourg: Luxembourg Macedonia: Skopje Madagascar: Antananarivo
Malawi: Lilongwe Malaysia: Seremban Taiping Ipoh Georgetown Johor Bahru Kuantan Kota Kinabalu Sungai Petani Melaka Selangor Penang Kuala Lumpur Mali: Bamako
Malta: Malta Mauritania: Nouakchott Mauritius: Vacoas Port Louis
Mexico: Tampico Guadalajara Monterrey Tijuana Carmen Cancun Costa Rica Chihuahua Acapulco Mexico City Moldova: Chisinau Monaco: Monte-Carlo Monaco
Mongolia: Ulaan Baatar Morocco: Oujda Tanger(Tangier) Fes Mohammedia Casablanca Rabat Agadir Mozambique: Maputo
Myanmar: Rangoon Yangon Namibia: Windhoek Nepal: Bhaktapur Kathmandu
Netherlands: Maastricht Zoetermeer Dordrecht Arnhem Nijmegen Tilburg breda Dordrecht Groningen Eindhoven Rotterdam The Hague Amsterdam New Zealand: Manurewa Hamilton Auckland Dunedin Christchurch Wellington Nicaragua: Managua
Niger: Niamey North Korea: Pyongyang Norway: Trondheim Stavanger Bergen Oslo
Oman: Muscat Pakistan: Okara Peshawar Gujranwala Multan Sargodha Faisalabad Hyderabad Daska Rawalpindi Attock Lahore Islamabad Karachi Panama: Panama
Papua New Guinea: Port Moresby Paraguay: Asuncion Peru: Santa Cruz Iquitos Arequipa Chiclayo Callao Lima
Philippines: Metro Manila Mandaue Calbayog General Santos Cagayan de Ora Lucena Davao Cebu City Makati City Paranaque City Manila Poland: Wroclaw Krakow Warsaw Lodz Gdynia Portugal: Porto(Oporto) Matosinho Faro Algarve Albufeira Lisbon
Puerto Rico: Mayaguez San Juan Qatar: Ad Dawhah Doha Romania: Lasi Bucharest
Russia: Alma Ata Yekaterinburg Chelyabinsk Omsk Irkutsk Vladivostok Khabarovsk Perm Izhevsk Kazan Ufa Orenburg Samara Saratov Volgograd Rostov-na-Donu krasnodar St.Petersburg Moscow Rwanda: Kigali Saint Kitts: Basseterre
San Marino: San Marino Saudi Arabia: Al Madinah Mecca Jeddah Riyadh Scotland: Glasgow Edinburgh
Senegal: Dakar Seychelles: Mahe Victoria Sierra Leone: Free Town
Singapore: Singapore Slovakia: Bratislava Slovenia: Maribor Portoroz Ljubljana
Somalia: Mogadishu South Africa: Salvato Bellville Dowerglen Sandton Port Elizabeth Bloemfontein East London Johannesburg Pretoria Durban Cape Town South Korea: Taegu Taejon Kwangju Ichon Pusan Busan Seoul
Spain: Santiago Palma Zaragoza Seville Cadiz Getafe Leon Bilbao Motril Valencia Malaga Alicante Barcelona Madrid Sri Lanka: Negombo Galle Kandy Colombo Sudan: Khartoum
Surinam: Paramaribo Sweden: Helsingborg Malmo Uppsala Vasteras Orebro Norrkoping Linkoping Temping Boras Gothenburg Stockholm Switzerland: Basel Geneva Bern Zurich
Syria: Dimashq Damascus Taiwan: kaohsiung Taipei Tajikistan: Dushanbe
Tanzania: Dar es Salaam Thailand: Chiang Mai Krung Thep Bangkok Togo: Lome
Trinidad & Tobago: Port of Spain Tunisia: Sfax Tunis Turkey: Istanbul Ankara Mersin
Turkmenistan: Ashgabat UAE: Dubai Abu Dhabi Sharjah Uganda: Kampala
UK: Lichfield Lucan Southampton Poole Bournemouth Portsmouth Plymouth Brighton Reading Swansea Croydon Southend-on-Sea Wattord Luton Oxford Gloucester Milton Keynes Ipswich Coventry Wolverhampton Norwich Peterborough Leicester Derby Trent Huddersfield Leeds York Bolton Bradford Preston Blackpool Middlesbrough Sunderland Newcastle upon Tyne Dundee Aberdeen Belfast Newport Sheffield Edinburgh Nottingham Manchester Birmingham Liverpool Bristol Cardiff London Ukraine: Kharkov Kiev Odessa Uruguay: Montevideo
USA: Usa-Alabama: Mobile Montgomery Huntsville Usa-Alaska: Anchorage
Usa-Arizona: Tucson Scottsdale Glendale Mesa Phoenix Usa-Arkansas: Little Rock Usa-California: Sunnyvale Irvine Glendora Riverside Pasadena Oakland San Bernardino Glendale Santa Ana Oxnard Chula Vista Long Beach Santa Barbara Modesto Huntington Beach Fresno Palo Alto Napa Santa Rosa Berkeley Bakersfield Sacramento San Jose San Diego San Francisco Torrance Los Angeles Stockton
Usa-Colorado: Colorado Springs Aurora Lakewood Denver USA-Connecticut: Waterbury New Haven Bridgeport Hartford Usa-Delaware: Dover
USA-Florida: Hialeah Hollywood Jacksonville Orlando Tampa West Palm Beach Kissimmee Ocala Fort Lauderdale Miami Usa-Georgia: Atlanta Macon Savannah Usa-Hawaii: Honolulu
USA-Illinois: Peoria Rockford Des Plaines Chicago Usa-Indiana: South bend Evansville Gary Indianapolis USA-Iowa: Davenport Sioux City Cedar Rapids Des Moines Waterloo Iowa City Danville
Usa-Kansas: Wichita Topeka Kansas City Usa-Kentucky: Lexington Louisville Usa-Louisiana: Metairie New Orleans Lake Charles Shreveport
Usa-Maine: Portland USA-Maryland: Arlington Washington Riverdale Baltimore USA-Massachusetts: Worcester Boston
USA-Michigan: Livonia Sterling Heights Detroit USA-Minnesota: Rochester Bloomington Duluth Saint Paul Eden Prairie Minneapolis Usa-Mississippi: Jackson
Usa-Missouri: Springfield St.Louis Independence Usa-Montana: Great Falls Billings Helena Usa-Nebraska: Lincoln Omaha
Usa-Nevada: Reno Las Vegas Usa-New Hampshire: Concord USA-New Jersey: Paterson Newark Hackensack Jersey city
Usa-New Mexico: Santa Fe Albuquerque USA-New York: Yonkers Albany Syracuse Rochester Buffalo Brooklyn New York Usa-North Carolina: Greensboro Winston Salem Raleigh Charlotte
Usa-North Dakota: Bismarck USA-Ohio: Toledo Akron Youngstown Cincinnati Cleveland Columbus Usa-Oklahoma: Oklahoma City
Usa-Oregon: Salem Eugene Portland USA-Pennsylvania: Allentown Erie Pittsburgh Philadelphia Usa-Rhode Island: Providence
Usa-South Carolina: Charleston Columbia Usa-South Dakota: Rapid City Pierre Sioux Falls Usa-Tennessee: Chattanooga Knoxville Nashville
USA-Texas: Waco Garland Plano Fort worth Corpus Christi Laredo Abilene El Paso Lubbock Tomball Irving San Antonio Arlington Austin Dallas Houston Usa-Utah: Salt Lake City Usa-Vermont: Montpelier
USA-Virginia: Alexandria Virginia Beach Newport News Hampton Roanoke Norfolk Richmond USA-Washington: Yakima Spokane Seattle Tacoma Washington Usa-West Virginia: Charleston
Usa-Wisconsin: Milwaukee Whitefish Bay Appleton Usa-Wyoming: Cheyenne Uzbekistan: Tokmak Samarkand Bukhara Tashkent
Venezuela: Maracay Puerto Cabello Cumana Barquisimeto Valencia Maracaibo Caracas Vietnam: Hanoi Ho Chi Minh City Virgin Island: Charlotte Amalie
Yemen: Hudaydah Aden Adan Taizz Sana Yugoslavia: Serbia Beograd Belgrade Zambia: Lusaka
Zimbabwe: Harare