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INDIA BUSINESS WORLD - JANUARY 16th - JANUARY 31th
- 2008
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.
BUSINESS NEWS
AUROBINDO PHARMA GETS USFDA NOD FOR CEFDINIR Pharmaceutical company Aurobindo Pharma has said that it has received approval from the US Food and Drug Administration (FDA) to market its 300 mg Cefdinir Capsules. More....
CITI, AIG TO BUY 16% IN AKRUTI FOR 1,500 CR Leading foreign funds Citi Venture Capital and AIG are picking up a 16% stake in Mumbai-based developer Akruti City (formerly Akruti Nirman) for about Rs 1,500 crore through the preferential allotment route.... More....
IGATE INKS MULTI-MILLION DOLLAR DEAL WITH CUMMINS IGATE Global Solutions has entered into a multi-million dollar agreement with Cummins. As a part of this agreement, IGATE will partner with the distribution business unit of Cummins to design, develop, test, and implement a global ERP roll-out across 100 locations in over 20 countries.... More....
VERIZON INDIA GETS LICENCE FOR INTERNATIONAL & NLD SERVICES Verizon Business India, a Verizon Business and Videocon Group JV, has received licences for international and national long-distance services.... More....
CAPITALAND INKS DEAL FOR DEVELOPING 15 MALLS IN INDIA Singapore-headquartered property development major CapitaLand announced that it has inked agreements with New Delhi-based Advance India Projects and Bangalore's Prestige Group to develop 15 malls in India.... More....
SUPREME COURT DISMISSES INCOME-TAX DEPARTMENT'S PLEA FOR MORGAN STANLEY JUDGEMENT REVIEW The Supreme Court has dismissed income-tax department's plea which had sought a review of its earlier judgment in the Morgan Stanley case.... More....
SEBI MOVES SUPREME COURT FOR STAY ON SAT'S DSQ ORDER The Securities & Exchange Board of India (Sebi) has moved the Supreme Court, seeking an interim direction against a Securities Appellate Tribunal (SAT) order on DSQ shares.... More....
DLF SELLS KENNETH STAKE TO INDIABULLS DLF Ltd, India's biggest developer, has sold its stake in Kenneth Builders and Developers Ltd. to its equal partner in the venture, Indiabulls Real Estate Ltd.... More....
MINERALS LEVY ISSUE GOES TO LARGER SC BENCH The Supreme Court has referred to a larger bench the controversial issue that the levy of cess under the Cess and Other Taxes on Minerals (Validation) Act was permissible but that amounts which have not already been collected, cannot be collected.... More....
AVB GROUP TO PICK UP 5% STAKE IN CORE PROJECTS Making its debut in the country's fledging private equity (PE) space, the Aditya Birla Group is picking up nearly 5% stake in Core Projects & Technologies, a leading IT solutions provider with special focus in education, health and BFSI. More....
BREATHER FOR NOVARTIS, SUPREME COURT STAYS HIGH COURT ORDER The Supreme Court has stayed the recent Madras High Court order that had ruled that the Intellectual Property Appellate Board (IPAB) can hear Novartis' patent rejection appeal without a technical committee.... More....
GLENMARK PHARMACEUTICALS GETS FDA NOD FOR BADDI PLANT IN HP Glenmark Pharmaceuticals has said that it has received the US Food and Drug Administration's approval for its semi-solid dosage manufacturing plant at Baddi in HP. More....
TAX TO BE PAID NOT ON THE ASSESSABLE VALUE DECLARED BY THE MANUFACTURER, BUT THE MRP PRINTED ON THE PACK Ever walked away with a huge discount on the maximum retail price (MRP) of a computer or a television, only to be told later that you still paid more than the market rates?.... More....
DTC REVOKES SUSPENSION OF 4 DIAMOND TRADERS DTC, a De Beers group company, which supplies 40% of the rough diamonds to the global diamond industry, has restored the sightholding of four Indian diamond traders after a prolonged hearing on this issue last week in London.... More....
SUVEN GETS SECOND PRODUCT PATENT City-based Suven Life Sciences has been granted its second product patent by the US patent office for a class of compounds being developed for the treatment of neuro-degenerative disorders.... More....
VFS GLOBAL BAGS VISA PROCESSING OPS IN UK VFS Global, a division of Kuoni Travel India, has been awarded the contract for visa processing services by the High Commission of India in the UK. More....
TCS'S UK ARM BAGS $200-M CONTRACT In a move to consolidate its European businesses, Tata Consultancy's UK subsidiary Diligenta has managed to bag a $200-million order from Canadian financial services major Sun Life Financial.... More....
NOD FOR 34 FDI PROPOSALS WORTH RS 2,288 CRORE The Foreign Investment Promotion Board has cleared a Rs 290-crore foreign investment proposal from IL&FS Trust Company.... More....
ISSUE OF 7.95 % OIL MARKETING COMPANIES, GOI SPECIAL BONDS, 2025 Government of India have announced the issue of 7.95 per cent Oil Marketing Companies Government of India Special Bonds, 2025 for Rs.11,256.92 crore (nominal).... More....
SC STAYS ALLAHBAD HIGH COURT ORDER ON SUGARCANE SAP In a setback to the sugar industry, the Supreme Court has stayed the Allahabad High Court order quashing the Uttar Pradesh government's State Advisory Price (SAP) fixed at Rs 125-130 a quintal for sugarcane to be paid to farmers for the 2006-07 season..... More....
IL&FS ARM INVESTING RS 300 CRORE FOR A 50% STAKE IN UPPAL TOWNSHIP IL&FS-controlled real estate firm QVC Realty is investing Rs 300 crore for a 50% stake in an integrated township project being developed by Delhi-based realty developer Uppal group.... More....
MATRIX PARTNERS INDIA INVESTS $10 M IN BRAND MARKETING Matrix Partners India has invested $10 million as the sole investor in the first round of funding of Brand Marketing India (BMI), a leading foreign brand marketer.... More....
SUPREME COURT STAYS HIGH COURT ORDER ON UP CANE SAP In a major setback to the sugar industry in Uttar Pradesh, the Supreme Court stayed the Allahabad High Court's order quashing the State Advised Price (SAP) of Rs 125-130 per quintal fixed by the state for 2006-07.... More....
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