INDIA BUSINESS WORLD - 16th March To 31st March - 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.
BUSINESS NEWS
HCL BAGS $350M CONTRACT FROM READER'S DIGEST : HCL Technologies has announced that it has bagged a seven-year, $350-million total IT services outsourcing contract from media firm....More....
EXPORT-ORIENTED UNITS (EOUS) APPROVED BY DEVELOPMENT COMMISSIONERS CAN CLAIM TAX EXEMPTION, SAYS CENTRAL BOARD OF DIRECT TAXES (CBDT) : THE Central Board of Direct Taxes (CBDT) has instructed income-tax officials to allow export-oriented units (EOUs) approved by development commissioners....... More....
INSTITUTE OF CHARTERED SECRETARIES AND ADMINISTRATORS (ICSA) BAGS RS 464-CR ORDER : Technology solutions provider in the power sector ICSA India has said that it has bagged three orders totalling Rs 464.17 crore ...........More....
MINDTREE TO RESTRUCTURE ITS BUSINESS INTO FIVE UNITS : BANGALORE-based IT firm MindTree has decided to restructure its business into five independent business units under different CEOs......... More....
CADILA, DABUR ROW IN SUPREME COURT : The dispute between Cadila Healthcare and Dabur over use of trademark ‘Sugar Free’ for artificial sweeteners has reached the Supreme Court........More....
AUROBINDO GETS NOD FOR DRUGS : Drug maker Aurobindo Pharma has said that it has received registrations from South Africa's Medicines Control Council (MCC) to manufacture......... More....
SATYAM’S FOREIGN DEALS FACE SCRUTINY : INDIAN investigating agencies may ask foreign clients of Satyam Computer Services to give details of their transactions with the tainted IT firm.......... More....
WIPRO BAGS E-GOVERNANCE CONTRACT FROM EMPLOYEES STATE INSURANCE CORPORATION (ESIC) : The Employees State Insurance Corporation (ESIC), has signed a Rs 1,182-crore contract with software major, Wipro Technologies, for converting its paper-based administrative and operational system into a paperless ......... More....
NOVARTIS LAUNCHES OPEN OFFER TO BUY AN ADDITIONAL 39% STAKE IN ITS INDIA ARM : SWISS pharma giant Novartis AG has launched an open offer to buy an additional 39% stake in its Indian subsidiary, Novartis India.......... More....
HCL TECHNOLOGIES ANNOUNCES A THREE-YEAR CONTRACT WITH MJ LOGISTIC SERVICES : IT services firm HCL Technologies has announced a three-year contract with MJ Logistic Services, a third-party logistics....... More....
TELECOM M&A DEAL VALUE IN THE ASIA PACIFIC REGION RISES TO $6.6 B : The total value of merger and acquisition deals in the telecom sector in the Asia Pacific region has increased to $6.6 billion so far this year, accounting for 63% of global telecom M&A pie....... More....
RANBAXY TRUST BUYS RELIGARE SHARES, DRAWS ANALYSTS’ FLAK : THE employee’s trust of Ranbaxy Laboratories has invested Rs 22 crore in Religare Enterprises, a financial services....... More....
RELIANCE INDUSTRIES (RIL) INKS KG GAS SALE-PURCHASE CONTRACTS WITH 12 FERTILISER COS : RELIANCE Industries (RIL) has signed gas sale-purchase contracts with the 12 fertiliser firms that have been chosen to receive the first produce from the company’s offshore Krishna-Godavari....... More....
DELHI DEVELOPMENT AUTHORITY (DDA) TO LEND RS 100 CRORE TO REALTY FIRM EMAAR MGF : DELHI Development Authority (DDA) has agreed to lend Rs 100 crore to cashstrapped realty firm Emaar MGF to ensure the Commonwealth Games ....... More....
SUN PHARMA GETS FDA NOD FOR DRUG : Sun Pharma has said that the US Food and Drug Administration (FDA) has granted an approval....... More....
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