|
INDIA BUSINESS WORLD SEPTEMBER (1st - 15th) 2007
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.
ECONOMIC & LEGAL NEWS
DUTY BENEFITS CAN'T BE COMPANY SPECIFIC, RULES SUPREME COURT: THE Supreme Court has ruled that if the specified goods are eligible for exemption from payment of excise duty all such goods are eligible for non-payment, irrespective of the manufacturing companies. More....
DELHI HIGH COURT STOPS JODHPUR COMPANY FROM INFRINGING COKE TRADEMARK: The Delhi High Court has restrained a Jodhpur-based company from selling its soft drink under the trademark Facta, which is similar to Coca-Cola's trademark Fanta. More....
DELHI HIGH COURT REJECTS ESCORTS INSTITUTE'S PLEA ON DDA EVICTION NOTICE: THE Delhi High Court has rejected a petition by Escorts Heart Institute challenging a notice by Delhi Development Authority (DDA) to evict the land allotted to it for alleged violation of provisions of the lease deed. More....
SUPREME COURT TRANSFERS CASE AGAINST M F HUSAIN TO DELHI: THE Supreme Court has transferred to the court of additional chief metropolitan magistrate, Delhi, a case of obscenity filed against eminent painter M F Husain by an advocate in Haridwar in Uttaranchal. More....
LOK SABHA CLEARS COMPETITION BILL: THE Lok Sabha has passed the Competition Amendment Bill, paving the way for establishment of a powerful competition regulator. More....
PICTORIAL WARNINGS MUST FOR TOBACCO GOODS: IT will now be compulsory for packs of cigarettes, bidis and chewing tobacco to carry pictorial warning to discourage tobacco consumption even though the controversial 'skull and cross bones' image is optional. More....
SUPREME COURT STAYS PLASTIC PACK BAN: THE Supreme Court has stayed a Rajasthan high court order that restrained all the manufacturers of gutka, tobacco and pan masala from selling their products in plastic sachets in the state. More....
DELHI HIGH COURT RESTRAINS TELEMARKETERS FROM MAKING UNSOLICITED CALLS TO CELL USERS: THE Delhi High Court has restrained telemarketers from making unsolicited calls to mobile phone users, irrespective of the fact whether or not they are registered with the DND facility. More....
SUPREME COURT ALLOWS RELIANCE ENERGY TO BID FOR NAVI MUMBAI SEA-LINK EXPRESSWAY: THE Supreme Court has allowed Anil Ambani's Reliance Energy to participate in the financial bidding for the Rs 2,600-crore sea-link expressway between Mumbai and Navi Mumbai. More....
SBI FILES PLEA IN SUPREME COURT TO END JANATA DEPOSIT SCHEME: THE State Bank of India (SBI) has approached the Supreme Court for vacating a stay on a decision to discontinue the Janata Deposit Scheme. More....
INDIA'S LUPIN WINS PATENT CHALLENGE CASE IN US FOR BLOOD PRESSURE DRUG ALTACE: INDIA'S Lupin has won its patent challenge against King Pharmaceuticals and Sanofi-Aventis for blood pressure drug Altace, which has sales of $700 million in the US alone. More....
RANBAXY LOSES LIPITOR CASE IN CANADA, TO APPEAL RULING: IN A setback for Ranbaxy in its global battle over the patent of Lipitor, a Canadian Federal court has ruled the company's generic drug atorvastatin infringes upon one of Pfizer's Lipitor patent. More....
LOSSES NOT DEDUCTIBLE UNDER SEC 80HHC, SAYS SUPREME COURT: THE Supreme Court has said that an assessee cannot claim deduction under Section 80-HHC of the I-T Act for losses suffered on transactions. More....
Others..
BUSINESS NEWS
INDIAN COS RAISE $1.5 BILLION ON THE LONDON STOCK EXCHANGE: Over $1.5 billion has been raised by Indian companies in 2007 on the London Stock Exchange (LSE). More....
BAJAJ AUTO TO SUE TVS ON IPR INFRINGEMENT: BAJAJ Auto, the country's second largest maker of two-wheelers, plans to sue Chennai-based TVS Motors for alleged infringement of intellectual property rights on technology that is used in most Bajaj bikes. More....
JAPAN'S FUJITSU BAGS FLAG TELECOM'S $1.5-B CABLE PROJECT: FLAG Telecom, the undersea cable arm of Reliance Communications (RCOM), has awarded Japan's Fujitsu a $1.5-billion turnkey contract for construction of a next generation network (NGN) submarine cable. More....
BHEL BAGS RS 1,900-CR NTPC-TNEC ORDER: POWER equipment major Bharat Heavy Electricals (Bhel) has won a Rs 1,990-crore order for the supply and installation of steam generator and turbine packages at the upcoming 1,000 mw Vallur Thermal Power Project in Tamil Nadu. More....
RELIANCE BUYS ASSETS OF MALAYSIAN POLYESTER COMPANY: RELIANCE Industries has further cemented its position as the world's biggest polyester producer by agreeing to buy the assets of Hualon Corp, a sick Malaysian entity. More....
VIJAY MALLYA'S UNITED SPIRITS BUYS US VODKA COMPANY FOR $3 M: VIJAY Mallya-led United Spirits (USL), the third largest global liquor marketer by volume, is acquiring Liquidity Inc, a US-based maker of specialty vodkas. The deal-size for the start-up company is $3-million. More....
Others..
NEW DEVELOPMENTS AND JOINT VENTURES
APOLLO HEALTH ACQUIRES ATLANTA BPO FOR $170 MN: Apollo Health Street (AHS), the BPO arm of Apollo Group of Hospitals, has acquired Zavata, an Atlanta-based BPO which operates in the same segment, for $170 mn. More....
CHENNAI CO IN $1.5-B DEAL FOR INDONESIAN COAL: COAL &Oil, a Chennai-based importer of thermal coal, has signed an agreement with Indonesia's trading major Samtan-Kideco to source 50 million tonnes of the mineral over 10 years. More....
FOREIGN INSTITUTIONAL INVESTORS PICK UP 7% STAKE IN GITANJALI GEMS FOR RS 114 CRORE: A STRING of foreign institutional investors (FIIs), including Citigroup, Morgan Stanley, Goldman Sachs and BSMA, have picked up a combined stake of over 7% in Gitanjali Gems, a Mumbai-based diamonds and jewellery company. More....
HERO GROUP ACQUIRES SCOTLAND'S TELECOM SERVICE CENTRES FOR £40 M: Hero Group has acquired Scotland's largest call centre company, Telecom Service Centres (TSC), in a deal worth £40 million. More....
VIDEOCON, BPCL JOINTLY ACQUIRE SIZEABLE STAKE IN BRAZILIAN OIL COMPANY: IN A breakthrough into the international deepwater oil exploration business, Videocon Industries and Bharat Petroleum Corp (BPCL) have jointly acquired a sizeable stake in Brazilian oil exploration company EnCanBrasil-a subsidiary of Canada's Encana Corp. More....
Others..
|
