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PSU oil firms cut jet fuel prices by 5.7%
After increasing it four times in a row, the state-run oil firms today cut jet fuel prices by 5.7 per cent on easing international rates. generic levitra

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National Tax Tribunal is a distant reality
In the words of our present Chief Justice of India,“….. the citizens’ faith in the judicial system will begin to wane because justice delayed is justice forgotten, excluded and finally discharged “ The quote certainly does not auger well if one were to look at pendency of tax cases in different layers of our judicial hierarchy – 28,000 cases in high courts with disposal rate of roughly 6000 each year. Ironically, the situation is worse in Mumbai, Delhi, Kolkata & Chennai where the wait time ranges between 10-15 years. Not to forget the figure of 2 lac crores often debated in the Parliament as arrears of tax in dispute. These could be more staggering in the future.

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Sun Pharma gets tentative FDA nod for generic Gleevec tablets
Sun Pharmaceutical Industries today said it has got tentative approval from the US drug regulator for generic Gleevec (imatinib meyslate tablets), used in the treatment of chronic myeloid leukaemia.
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Cipla to raise Rs 676 cr via QIP issue

Drug Firm Cipla today said it will raise Rs 676 crore through the issue of equity shares on institutional placement basis. - Rally prompts promoters to sell treasury stock - Venus Remedies, Korean firm sign out-licensing deal - Cipla to offload 4% stake for Rs 840 crore - Nektar, Astrazenca sign licensing agreement - Zandu Pharma gets shareholder nod for merger with Emami - Cipla denies reports of unrest at Sikkim facility The board of directors of the company have approved the issuance of up to 2.56 crore equity shares at Rs 263.75 per equity share, thus garnering Rs 676 crore, Cipla said in a filing to the Bombay Stock Exchange (BSE). The QIP issue closed on Thursday. Shares of the company were trading at Rs 261.50, up 0.97 per cent on the BSE. The filing further said the price of the QIP issue was fixed at Rs 263.75 per share.


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