INDIA BUSINESS WORLD - 1st April To 15th April - 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
SUZLON BAGS $45-M ORDER FROM DUKE ENERGY : Wind turbine maker, Suzlon Energy, today said its North American-arm has signed an order worth about $45 million ....More....
BANKING CASH TRANSACTION TAX (BCTT) WITHDRAWN FROM APRIL 1 : CASH withdrawals from bank will not attract tax from now onwards. This is following abolition of the banking cash transaction tax (BCTT) in the Union Budget 2008-09....... More....
SHISHIR INCREASES HOLDING IN BAJAJ HINDUSTHAN TO OVER 51% : BAJAJ Hindusthan chairman Shishir Bajaj is scaling up his group’s equity holding in the country's largest sugar company by nearly 5% through subscription of preferential warrants. ...........More....
INSURANCE REGULATORY & DEVELOPMENT AUTHORITY (IRDA) AMENDS RENEWAL RULES FOR HEALTH POLICIES : THE elderly and those with medical conditions will now find it easier to renew their health insurance plans......... More....
BSE, NASDAQ OMX BATTLE TAKES A LEGAL TWIST : ABITTER battle seems to be brewing between Asia’s oldest equity bourse and one of the world’s largest exchange technology providers........More....
PSUS HELP DIRECT TAX KITTY TO SWELL BY 6% : DIRECT tax collections in fiscal 2009 has outshone the last fiscal by around 6% mainly on back of high advance tax payments by state-run companies......... More....
HCL BAGS $170-M IT DEAL FROM MICROSOFT : HCL Technologies is learnt to have bagged a fiveyear IT services contract from software giant Microsoft Corporation worth close to $170 million.......... More....
HCL ENTERS INTO 6-YR DEAL WITH XEROX : IT SERVICES firm HCL Technologies has announced that it has signed a sixyear, multi-regional data centre services and transformation deal with printing major......... More....
MUMBAI-BASED RAPTAKOS, BRETT & COMPANY FILES SUIT AGAINST WOCKHARDT : Mumbai-based Raptakos, Brett & Company has filed a suit against pharmaceutical major Wockhardt alleging that the latter has infringed on the copyright and literary works......... More....
BHARTI’S $750-M IBM IT DEAL TOUCHES $2.5-B MARK : INDIA’s largest private telecom company, Bharti Airtel’s 10-year $750 million outsourcing deal with IBM has touched the $2.5 billion mark as of March....... More....
CBI CHARGES RAJU, 8 OTHERS WITH FRAUD : EXACTLY three months after B Ramalinga Raju, the defamed founder of Satyam Computer Services, scripted his fall, the Central Bureau of Investigation ...... More....
TCS BAGS $80M DEAL FROM UK : TCS, India’s biggest software exporter, has won an $80 million outsourcing contract from UK’s Child Maintenance and Enforcement Commission (CMEC),...... More....
ICAI TAG MUST FOR AUDITING LISTED COS : ALL chartered accountant (CA) companies now require the nod of an expert team of the Institute of Chartered Accountants of India (ICAI) ...... More....
IBM BAGS 250-CR DEAL FROM BHARTI : GLOBAL IT major IBM has bagged yet another outsourcing deal from Bharti Airtel, the country’s largest private telecoms company....... More....
WOCKHARDT READY TO END DISPUTE WITH RAPTAKOS : Wockhardt has informed the Bombay High Court that it was ready to change the name and packaging of one of its brands following a trademark ...... More....
FDA NOD FOR SUN PHARMA PAINKILLERS : Drug firm Sun Pharma has said it has received US regulatory approval to market Roxicodone, Oxycodone hydrochloride tablets used as painkillers ...... More....
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