THE Bombay High Court has asked troubled drugmaker Wockhardt and its promoters to clarify whether they will deposit the proceeds from the sale of its nutrition business in an escrow account, if the court allows it to complete the transaction with Abbott Laboratories More

IN WHAT could spell trouble for the French cement giant Lafarge’s $255 million cement plant in Bangladesh, the Supreme Court in an interim order banned mining of limestone in Meghalaya turning off supply of raw material from its captive plant in India More

THE Delhi High Court (HC) has dismissed an appeal by German drugmaker Bayer that sought to stop Cipla from obtaining a marketing approval from the country’s drug regulator to launch a low-cost version of patented cancer drug Nexavar in India More

NORWAY’S Telenor has said that it has bought 7% more in Unitech Wireless for a little over 2,000 crore. Telenor now holds 67.25% in Unitech Wireless More

IFFCO, the world’s largest manufacturer and marketer of fertilisers in the cooperative sector, has marked its entry into the oil & gas exploration sector by acquiring 10% stake in Canadian firm Americas Petrogas for an undisclosed sum More

THE DELHI High Court has referred six drug patent cases to the Intellectual Property Appellate Board (IPAB), the apex government body to hear such disputes More

THE Supreme Court has ruled that the government can issue piecemeal declarations under Section 6 of the Land Acquisition Act, pursuant to notification under Section 4 More

In an important ruling the Supreme Court has ruled that the property acquired from the criminal activities within the country cannot be confiscated or attached under chapter VIIA of the CrPC untill and unless the crime has international ramifications More

In a major setback to the Mayawati government, the Supreme Court refused to lift the ban on the construction of memorial parks in Lucknow More

The Supreme Court has ruled that social and economic backwardness is one of the mitigating circumstances while commuting the death sentence of two convicts to life imprisonment More

ALL anti-cancer and HIV drugs are likely to become cheaper as the forthcoming budget is likely to fully exempt these from customs duty/countervailing duty (CVD), but on the condition that the benefits are passed on to patients More

THE Supreme Court has upheld the Securities and Exchange Board of India’s (Sebi) order prohibiting 14 entities of the Bhansali group from trading in securities for three years More

RED Fort Capital, an India-focused private equity (PE) firm, which invests in the real estate sector, is picking up around 50% stake in a Rs 1,000-crore residential project in Noida being developed by realty firm 3C Company, said two persons familiar with the matter More

INDIA'S largest engineering company Larsen & Toubro and the Franco-German aerospace and defence group EADS are working on a new equity structure to revive their proposed joint venture which was earlier rejected by the government on the ground that it would exceed the 26% cap on foreign direct investment (FDI) in the defence sector More