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INDIA BUSINESS WORLD - APRIL 16th - MAY 10th - 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
ASOLREX PHARMACEUTICALS PICKS UP ANOTHER 1.01% STAKE IN ORCHID CHEMICALS : Solrex Pharmaceuticals, believed to be an arm of India’s largest pharma company Ranbaxy Laboratories.......More....
SHISHIR SCALES UP BAJAJ HINDUSTHAN LTD (BHL) STAKE BY 5% IN FY08 : Shishir Bajaj, chairman and managing director of Bajaj Hindusthan Ltd (BHL), has silently scaled up his equity ownership in the sugar firm by nearly 5% in FY ‘08...... More....
CONVERGYS BAGS BSNL DEAL FOR BILLING SOLUTIONS : Global customer care, human resources and billing services provider Convergys Corporation has said it has bagged a multi-year contract from state-owned telecom service provider.......More....
RANBAXY LAB IN ALLIANCE WITH ORCHID : RANBAXY Laboratories entered into a strategic alliance with Orchid Chemicals, the Chennaibased company that India’s largest drugmaker was rumoured to have targeted for a hostile takeover......More....
TCS BAGS £60-M ORDER FROM SCOTTISH WATER : Country's largest software exporter, Tata Consultancy Services, has said it has inked an eight-year £60 million (about Rs 479.6 crore)..........More....
REAL ESTATE & TEXTILE FIRM, MODERN INDIA, STRIKES RS 90-CR REALTY DEAL : PRICES in Mumbai property market don’t seem to be affected by the general slowdown. In one of the largest deals in the residential property markets, Modern India, a real estate and textile firm....... More....
SHOW-CAUSE NOTICES ISSUED TO AIRTEL, VODAFONE ON CENVAT VIOLATIONS : Bharti Airtel and Vodafone have been issued show-cause notices by the service tax department for alleged non-payment of service tax....... More....
BHEL BAGS RS 3,368-CR POWER PROJECT IN CHHATTISGARH : CState-run Bharat Heavy Electricals (Bhel) has secured orders worth Rs 3,368 crore from Chhattisgarh State Electricity Board for supplying and installing power equipments to its projects.......More....
TATA STEEL’S MINING LICENCE GETS SUPREME COURT NOD : The Supreme Court has granted approval to Tata Steel’s prospecting licence for mining in Bailadila block of Chhattisgarh for its steel plant in Dantewada district.......More....
MICROSOFT WITHDRAWS OFFER FOR YAHOO BUY-OUT : MICROSOFT walked away from its bid to buy Yahoo after the Internet company turned down its offer to raise the price by $5 billion to $47.5 billion........ More....
NO TAX RELIEF ON LOAN FOR BUYING SHARES, HOLDS INCOME-TAX APPELLATE TRIBUNAL : Investors who buy shares with borrowed money from institutions cannot claim tax deduction on interest paid on such debt, a tax tribunal has ruled. Giving its ruling in a case where two companies had claimed tax deduction on interest.......More....
BOMBAY HIGH COURT ORDERS STATUS QUO IN RIL-RNRL CASE : The Bombay High Court has maintained status quo in the long-drawn legal battle between Reliance Natural Resources (RNRL) and Reliance Industries (RIL). The court has adjourned the case till July 22, 2008......... More....
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