SUN PHARMA FILES CASE AGAINST TARO PHARMACEUTICALS: Sun Pharmaceuticals has filed a case against Taro Pharmaceuticals in the Tel Aviv District Court requesting the court to order Taro and its directors to publish the company's audited financial results.......More

FOREIGN TIE-UPS OF TRUSTS TAXABLE, RULES AAR: IN A verdict that will have a bearing on tax exemptions given to Indian trusts, especially educational trusts, the Authority for Advance Ruling has held that tax is to be paid in India on all cross-bo.......More

SIDBI GETS $400-MILLION LOAN FROM WORLD BANK: THE World Bank inked an agreement with India to lend $400 million to Small Industries Development Bank of India (Sidbi), which provides low-cost finance to small and medium enterprises (SMEs). More...

DANONE AMONG 23 FDI PROPOSALS CLEARED: The government has cleared 23 foreign direct investment (FDI) proposals, which will bring Rs 564.80 crore into the country. The projects cleared include Dubai-based Damas' plan for retail trading in j.......More

SBI CUTS DEPOSIT RATES: THE country's largest lender, State Bank of India, has lowered its deposit rates by 25 basis points across all maturities. The move is seen as a prelude to a cut in lending rates, particularly in li.......More

ABDUL KARIM TELGI AMONG 7 SENTENCED TO 4 YEARS RIGOROUS IMPRISONMENT: A local court today sentenced seven people, including fake stamp scam mastermind Abdul Karim Telgi, to four years-rigorous imprisonment in connection with multi-crore stamp Scam case .... More

OTHERS...

BUSINESS NEWS

UNITECH TO REPAY RS 2KCR DEBT: Smarting the global economic downturn and a severe credit crunch, realty major Unitech plans to repay about Rs 2,000 crore of its debt and bring it below Rs 6,000 crore level by the end of this fiscal.......More

ZYDUS, TEVA SETTLE PATENT ROW : AHMEDABAD-based ZydusCadila and Israeli generic major Teva have settled their patent disputes over active pharmaceutical ingredients (APIs) used to make generic versions of GlaxoSmithKline's heart d.......More

NON-SHAREHOLDERS NOT LIABLE TO PAY DEEMED DIVIDEND TAX, RULES INCOME TAX APPELLATE TRIBUNAL (ITAT): CLOSELY-HELD group companies that frequently borrow money from each other should make a note of a recent ruling by the income tax appellate tribunal (ITAT), a quasi judicial tax authority.......More

SUN PHARMACEUTICALS TO INVEST RS 332CR IN LOW-COST DRUG R&D: SUN Pharmaceuticals, India's biggest drug company by market capitalisation, will spend Rs 332 crore in research & development of low-cost version of original drugs to be sold in domestic and .......More

RIL'S GERMAN ARM FILES FOR BANKRUPTCY : RELIANCE Industries Ltd, the nation's largest private firm, said that its Germany arm Trevira has filed for bankruptcy after it was hit by slowdown in Europe. “Trevira filed an application .......More

WYETH GETS DCGI NOD TO RESUME CLINICAL TRIALS: PHARMA firm Wyeth has been given the goahead by the country's drug regulator to resume clinical trials for its Prevnar 13 vaccine in India seven months after it was suspended when a child suffering .......More

SUPREME COURT STOPS TVS FROM ROLLING OUT ITS PRODUCT FLAME MOTORBIKE IN THE MARKET ON THE PLEA OF BAJAJ AUTO: THE Supreme Court has restrained TVS Motors from rolling out its product Flame motorbike in the market on the plea of Bajaj Auto. However, the company can go ahead with the production of 125 cc Flame .......More

DR REDDYS LABORATORIES GETS US REGULATORY APPROVAL FOR ANTIHEARTBURN CAPSULES: Drug manufacturer Dr Reddys Laboratories has said that it has received US regulatory approval for antiheartburn capsules. The company has received US Food and Drug Administration approval for its Abbr.......More

BHEL BAGS RS 4K-CR HINDALCO CONTRACT: STATE-OWNED power equipment maker Bharat Heavy Electricals Ltd (Bhel) has bagged a Rs 4,015-crore order from Hindalco Industries for supplying boilers, turbines and generators at its 900 mw captive po.......More

OTHERS...

NEW DEVELOPMENTS AND JOINT VENTURES

FINANCIAL SERVICES FIRM RELIGARE ENTERPRISES CONFIRMS DEAL WITH SWISS RE : FINANCIAL services firm Religare Enterprises has entered into a non-binding agreement with the world's second-largest reinsurer Swiss Re to form a health insurance joint venture (JV) in India, a Rel.......More

HCL TECHNOLOGIES, VMARE IN TIE-UP: HCL Technologies has tied up with enterprise software provider Tibco Software and virtualisation firm VMware to offer cloud computing services to enterprises. Cloud computing refers to providing hoste.......More

PFIZER ARM TO BUY RFCL'S VETERINARY FIRM FOR $75M: PFIZER is all set to acquire RFCL's animal healthcare division from ICICI Ventures, in a deal estimated to be about $75 million (today approximately Rs 375 crore), according to people familiar with .......More

COMPACT DISC INDIA (CDI) PARTNERS BBC: Integrated media and entertainment firm Compact Disc India (CDI) has said that it has partnered BBC Films to co-produce a film 'Blame it On The Bhangra'. The film would be distributed by Lionsgate for.......More

NADATHUR HOLDINGS, THE INVESTMENT FIRM OF INFOSYS FOUNDER NS RAGHAVAN BUYS THAI HOTEL GROUP: NADATHUR Holdings, the investment firm of Infosys founder NS Raghavan, has acquired majority stake in Bangkok-based BMC Management Corp, which operates a chain of boutique hotels and resorts in Thaila.......More

OTHERS...