DRL attacks weak patents to gain market rights
Hyderabad: Dr Reddys Laboratories is aggresively challenging various  patents for invalidation in the US to gain exclusive marketing rights on  these drugs for a period of six months.
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Maharashtra throws spanner in DPC arbitration
Mumbai: The ongoing Enron saga has taken a dramatic twist as the Maharshtra government has appealed to the London arbitration tribunal chief Lord Mustill to dismiss the arbitration proceedings initiated against it by the Dabhol Power Company under article 28 of UNCITRAL rules.
Back to News Review index page   Mumbai HC suggests DPC board constitution
Mumbai: The Mumbai High Court on Tuesday suggested the constitution of the board of Dabhol Power Company.
Back to News Review index page   Avesthagen taps VC firms for $10 million
Bangalore: The city-based bio-tech firm Avestha Gengraine Technologies is all set to raise $10 million from two leading international venture firms to finance its ongoing activities.
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Hindalco targets Rs 2,850-crore turnover from copper biz
Mumbai: Hindalco Industries is targeting a turnover of Rs 2,850 crore from its copper business, after the proposed capacity expansion of about one lakh tonne.
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ICAI to make rotation of auditors mandatory
New Delhi: In a major policy shift, ICAI has reconciled itself to the concept of rotation of auditors. In other words, the ICAI would soon formally decide on this and stipulate the time-period after which auditors of companies would have to be mandatorily changed.
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Premji to offload stake in Wipro
Mumbai: Azim Premji, who holds 84% in Wipro, will offload small portions of his equity regularly to fund the Azim Premji Foundation, leading to an increase in the overall floating stock.
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Dues: IT firms will have to wait longer
Mumbai: For software companies, it's becoming increasingly difficult to collect their bills. The average collection period for a majority of IT firms has gone up to more than three months during 02.
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BSNL set to pull the plug on VSNL
New Delhi: Bharat Sanchar Nigam has started the groundwork to shift ILD traffic to Bharti and Data Access. MTNL is expected to follow suit soon.
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Select HPCL outlets to offer Western Union services
Mumbai: Western Union, a global leader in money transfer services, will offer the money transfer services at select Club HP outlets in Mumbai.
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UPL acquires 25% stake in US co
New Delhi: Taking advantage of corporate delinquency, an Indian chemicals & fertiliser company has picked up significant stakes in two US companies.
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Indian Hotels eyeing properties overseas
Mumbai: The Tatas wants to do a Tetley for its hotels business. The Indian Hotels Co. Ltd. is eyeing properties overseas to have a more balanced global representation of its hotel business.
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Raymond seals Rs 60-cr deal for ColorPlus stake
Mumbai: Textile major Raymond has clinched a deal to acquire a controlling stake in the Chennai-based ColorPlus Fashions for close to Rs 60 crore.
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Tata Chem to invest Rs 60 cr for revamp
New Delhi: The Rs 1,500-crore Tata Chemicals will be investing up to Rs 60 crore over the next 12 months to revamp its fertiliser and chemical production facilities at Babrala, Uttar Pradesh and Mithapur, Gujarat, respectively.
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B Braun plans more investments
Mumbai: The $2.7-billion German healthcare major B Braun is planning more investments in India, which could include a new manufacturing unit for medical products.
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AirTel to offer tracking facility to automakers
New Delhi: Mobile technology has found a way for tracking down stolen cars and for monitoring the movement of trucks for fleet owners on the road.
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Mac India exports Pizza Mc Puff to Middle East
Mumbai: Mc Donald's India has started exporting its Pizza Mc Puff to countries in the Middle East.
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US `dictates' India on Coke divestment
New Delhi: Following repeated refusals by the Department of Industrial Policy and Promotion headed by Mr Maran, who insisted that Coca-Cola should be listed, as per the agreement between the company and the Government, to ensure that wealth is shared with the Indian public, the US Ambassador, Mr Blackwill, took up the issue with the Principal Secretary to the Prime Minister, Mr Brajesh Mishra.
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Goldstone promoters to hike stake
Hyderabad: Goldstone Technologies Ltd, the Hyderabad-based software solutions company, has drawn up plans for a preferential offer of 50,00,000 equity shares or warrants, which will enable the promoters to hike their stake from 24.87 per cent to 48.59 per cent.
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Grasim raises L&T stake to 14.15 pc
Mumbai: Grasim Industries Ltd has further increased its holding in Larsen & Toubro Ltd to 14.15 per cent after it acquired 1.26 lakh shares amounting to 0.05 per cent stake.
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`BSNL, MTNL merger fears unwarranted'
New Delhi: The Department of Telecommunications has rubbished claims that the proposal to merge Bharat Sanchar Nigam Ltd and Mahanagar Telephone Nigam Ltd would send a wrong signal to foreign investors in the telecom sector.
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DCA relaxes norms for appointing company secys
New Delhi: Companies in small towns and rural areas with a paid-up capital of less than Rs 5 crore need not appoint a company secretary.
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