JET Airways deposited Rs 137.50 crore with the Bombay High Court, the penultimate day of the current fiscal, even as it continued a prolonged legal battle with the Sahara Group over the payment of taxes More

WOCKHARDT’S deal to sell its nutrition business to US company Abbott was called off by both parties, as the troubled Indian drugmaker buckled under pressure from foreign lenders to stop the sale More

SUN YET TO INK PATENT PACT: FRENCH drugmaker Sanofi-Aventis settled its patent row in the US over colon cancer drug Eloxatin with several generic companies, but made no mention of Indian drugmaker Sun Pharmaceutical Industries that also sells the drug More

DLF, India’s largest real estate developer, has appointed Goldman Sachs as an advisor as it attempts to find buyers for Aman Resorts, a luxury hotel chain it had acquired in November 2007 for $400 million More

PRIVATE Life insurer Max New York Life has given a 4% stake worth Rs 400 crore to Axis Bank for just under Rs 80 crore in exchange for a 10-year exclusive bancassurance agreement as it looks to break into the league of top five insurance players by leveraging the bank’s distribution network More

ATHREE-JUDGE bench of the Supreme Court has asked the Ministry of Environment and Forests (MoEF) to consider giving conditional clearance to the French cement giant, Lafarge, to restart mining operations in Meghalaya so that it can resume supply of limestone to its cement plant in Bangladesh More

Google Inc is expected to be sued by photographers, illustrators and other visual artists who claim the company is infringing their rights by scanning and displaying their work without compensation More

CORPORATES and banks will not have to establish a debt as “bad debt” in order to claim tax deduction, according to a recent Supreme Court ruling More

THE Supreme Court has ruled that a company registered under the Companies Act, other than a government company, is not an ‘establishment’ for the purpose of the Persons with Disabilities (Equal Opportunities, Protection of Rights and Full Participation) Act, 1995 More

IN WHAT was seen as a reprieve of sorts for Mr Lalu Prasad, the Supreme Court ruled that the Nitish Kumar-led Bihar government had no power to challenge the acquittal of the RJD supremo and his wife Rabri Devi in the disproportionate assets case — an offshoot of the multi-crore fodder scam More

Himachal Pradesh government approved the Himachal Pradesh Apartment and Property Regulation (Amendment) Bill in the state Assembly by amending existing ‘HP Apartment and Property Regulation Act 2005 to make it more suitable for present circumstances, considering rise in haphazard constructions by promoters and real estate developers at various places More

DIRECT tax collections are set to fall short of the revised target in FY10. This will be the second year running in which the department would have failed to meet the targets More

The government has approved highway construction works worth over Rs 4,355 crore in various states, including Bihar and Rajasthan More

A GROUP of ministers endorsed a proposal by food and agriculture minister Sharad Pawar to raise the price of ethanol supplied to oil marketing companies to Rs 27 a litre, while asking sugar companies to pay a 10% penalty for not meeting their contracted supply More

The government has approved setting up of six special economic zones (SEZs), including three bio-technology zones. It also cleared seven requests for grant of co-developer status More

THE country’s largest aluminium maker, National Aluminium Co (Nalco), has received investment approvals from the Indonesian government for its proposed Rs 16,500-crore offshore aluminium smelter-cum-power project in that country More

RELIANCE Big Entertainment owned by Anil Ambani has bought half of UK’s games and publishing company Codemasters for an undisclosed amount More

RELIANCE Industries (RIL) has agreed to buy a 40% stake in a US shale gas venture of Atlas Energy for $1.7 billion, joining Exxon Mobil and France’s Total in the race for a fuel that may change the global energy economics More

Carmakers Renault, Nissan Motor Co Ltd and Daimler said they would swap stakes and jointly develop cars in a tie up to gain scale and share costs More