RANBAXY Laboratories’ stab at potential sales of millions of dollars has come to naught after it failed to secure the American drug regulator’s permission to market the generic, or copycat, version of a blockbuster drug in the US, the latest in a growing list of setbacks for the Indian pharma company More

Glenmark Pharmaceuticals has said that its US-based subsidiary has received the nod of US health regulator Food and Drug Administration for marketing Ropinirole Hydrochloride tablets, used in the treatment of Parkinson’s disease More

PUNE-BASED Punj Lloyd has just clinched a Rs 1,023-crore deal from the Goenkas of RPG to supply balance of plant (BoP) equipment for a 600 mw greenfield thermal venture being executed by Dhariwal Infrastructure—a CESC subsidiary—in Maharashtra More

GERMAN carmaker Daimler is selling its 5.34% stake in Tata Motors to raise up to Rs 2,000 crore ($429 million), people familiar with the matter said. Daimler was offering 2.56 crore shares in India’s largest vehiclemaker at Rs 737.4-761.3 each More

AHMEDABAD-BASED Torrent Pharmaceuticals, part of Rs 6,100-crore Torrent Group, has struck a licensing and supply agreement with UK-based pharma MNC AstraZeneca. Torrent Pharma becomes the second Gujarat based-pharma company to enter into such agreement More

Bollywood star Sanjay Dutt can finally heave a sigh of relief as his acquittal from terror charges for his alleged role in the 1993 Mumbai serial terror bombing has gone unchallenged in the Supreme Court More

THE Bombay High Court judgement that the drawer of a bounced cheque cannot be prosecuted if the instrument was issued only as a security has thrown traders into a tizzy More

The Supreme Court has held that a landlord can seek recovery of the rented premises on behalf of the tenant if the latter has been thrown out by a trespasser or a muscleman More

The Supreme Court has ruled that the principal of parity in awarding sentence for an offence to the accused persons in a case is applicable only when crime is a joint venture More

The Supreme Court has held that an employee cannot claim the benefits of pay hike if the scales were revised by the government during the period of suspension More

The Supreme Court has ruled that property cannot be registered below the circle rates fixed by the government More

THE Authority of Advance Rulings (AAR) has ruled that fees received by a foreign company for assigning contractual rights to an Indian entity is not taxable in India More

THE Budget proposals have thrown up a dampener for the housing industry. Construction services have now been brought under the ambit of the service tax in an unexpected move that would raise cost of apartments that are still under construction More

As many as 15 anti-dumping duties have been imposed in the first 11 months of the current fiscal with the maximum on Chinese goods, minister of state for commerce and industry Jyotiraditya Scindia informed the Rajya Sabha More

FOREIGN investors may soon be able to set up Limited Liability Partnerships, or LLPs, in India, as the government is all set to allow foreign direct investment in this new form of business organization More

Foreign direct investment (FDI) in the country declined by 25% to $2.04 billion in January compared to the same month last year, snapping a trend of positive growth in the previous three consecutive months More

The Union Cabinet approved a proposal to enhance the gratuity of the employees to Rs 10 lakhs from the existing Rs 3.5 lakhs to benefit lakhs of workers with long years of service and higher pay scales More

MAHINDRA & Mahindra (M&M) — the maker of tractors and utility vehicles, whose foray into the car market in a joint venture with Renault has been marred by public spats over management control — has started calling back some of its top executives in the JV, a clear indication that the agreement with the French company could be nearing an end More

The Government has announced merger of two Andhra Pradesh based public sector companies Sponge Iron India Limited (SIIL) and National Mineral Development Corporation Limited (NMDC) More