India's second largest drugmaker Dr Reddy's Laboratories (DRL) has once again downwardly revised its revenue target for the current fiscal, this time to $2.2 billion, going by the pace of revenue accruals so far during the year.
Nayyar said the outcome of the process of challenging the attachment will not have any bearing on the swap ratio for merger of Satyam with Tech M.
The service tax authorities served show cause notice asking it to cough up Rs 34.24 crore as tax, at a time when the company pruned losses.
The accomplishments of the Hyderabad-based Jagan Mohan Reddy, a businessman, are far greater than those of Reddy the politician.
The deal highlights Rain Commodities' ambitiousness, which in 2007 bought calcined petroleum coke maker CII Carbon for $600 mn.
Dr Reddy’s Labs has agreed to buy the entire equity holding of OctoPlus NV for 27.39 million euros (Rs 191.72 crore) in an all cash deal.
India Factoring took ICSA to court after the solutions provider to power sector dishonoured cheques issued to the factoring services firm.
The Enforcement Directorate (ED) has taken control of Rs 822 crore which was in possession of the erstwhile Satyam Computer, now a part of the Mahindra group, as the fallout from India’s largest corporate fraud edges towards a final denouement.
The ailing airline Kingfisher Airlines has on Wednesday cleared the Rs 10.5 crore of dues to GMR, the owner of Hyderabad International Airport.
Promoters of power transmission and distribution equipment maker Vijai Electricals are looking to exit the business along with private equity firm 3i.
- No blogs yet have been written by the author, we’re sure the author will contribute one soon