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US Import alert can poke $100 mn hole in Worckhardt revenue
Wockhardt seems to be the next in line to face the ire of the US Food and Drug Administration. According to the US FDA website, the drug manufacturer has received an import alert for its Aurangabad plant, which is likely to restrict its exports to a key market. A report #CompanyWatch #Food and Drug Administration #import #US FDA #Wockhardt
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Malvinder Singh hits back at Daiichi, insists FDA charges were in public domain
A day after pharma major Daiichi Sankyo alleged that certain former shareholders of Ranbaxy concealed and misrepresented critical information about the US justice department and the USFDA probe, former Ranbaxy CEO Malvinder Singh denied any wrongdoing. Malvinder said that at no stage had he concealed any information relating to investigations by #Daiichi Sankyo #Malvinder Singh #Ranbaxy #TheySaidIt
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Naresh Goyal buys over 29% stake in Jet for Rs 1,434 cr
Mumbai: Jet Airways chairman Naresh Goyal today picked up over 29 percent stake in the private carrier from another promoter entity for about Rs 1,434 crore. The shares were purchased from Tail Winds Ltd, a company incorporated in the Isle of Mann and wholly owned by Goyal. According to information available with #CompanyWatch #Jet Airways #Naresh Goyal #Tail Winds Ltd
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Tata Steel reports Q4 loss at Rs 6,529 cr on weak Europe demand
Tata Steel Ltd, India's largest steelmaker by market value, swung to a loss in its fourth quarter, hit by weak demand in Europe, its top market and production region. The company's January-March net loss was Rs 6,529 crore, compared with a Rs 4,330 crore profit a year earlier. Net sales rose #EarningsShow #Q4 earnings #Tata Steel #weak demand in Europe
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Advertising body takes steps against misleading ads
New Delhi: Advertising Standards Council of India today said it has introduced several steps, including tracking of commercials against which complaints are upheld, to ensure faster action against violators of its code and guidelines. Advertising Standards Council of India (ASCI), through National Advertising Monitoring Service (NAMS), has now started tracking print #Advertising #Advertising Standards Council of India #Consumer Complaint Council #National Advertising Monitoring Service #Shweta Purandare #ThisisNext
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RIL bosses have close call: Plane engine shuts mid-air, makes emergency landing
A private jet belonging to Mukesh Ambani-led Reliance Industries carrying three of its three top executives made an emergency landing at Mumbai airport on Wednesday after its left engine failed in mid-air. The airport authorities have confirmed about the incident. The aviation regulator DGCA has reportedly ordered a probe into the incident, #IPL players #Mukesh Ambani #Mumbai airport #Mumbai Indians #NewsTracker #RIL jet
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What it will take to rescue AAI’s mess in Chennai, Kolkata airports
The Airports Authority of India (AAI) owns and operates a majority of airports in the country. It built and upgraded two major airports in recent months: Kolkata's Netaji Subhas Chandra Bose International Airport and the Chennai International Airport but now, the Ministry of Civil Aviation wants both these airports to #Airports Authority of India #Chennai #Civil aviation #HowThisWorks #Kolkata
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Bhel Q4 profit drops 4% at Rs 3,327 cr
New Delhi: State-owned power equipment major Bhel (Bharat Heavy Electricals Ltd) today reported 4.2 percent drop in net profit at Rs 3,327.54 crore for the quarter ended 31 March. The company had reported net profit of Rs 3,379.81 crore in the January-March quarter of the previous financial year, Bhel said in #BHEL #EarningsShow #Q4 earnings
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Jaya against more divestment in Neyveli Lignite, writes to PM
Chennai: Opposing government's moves to disinvest an additional five percent stake in the Neyveli Lignite Corporation, Chief Minister Jayalalithaa today warned the Centre that any such proposal would lead to "labour unrest" disrupting power supply to the State. In a letter to Prime Minister Manmohan Singh, Jayalalithaa said any proposal to #CompanyWatch #Disinvestment #Jayalalithaa #labour unrest #Manmohan Singh #Neyveli Lignite Corporation #Tamil Nadu
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The Quadricycle wins. So does Rajiv Bajaj
by Ashish Mishra Like most battles in his life Rajiv Bajaj has fought this one in his own no-holds barred style. He has been vocal to the point of sounding arrogant, direct and has not hesitated a bit while attacking his opponents – in this case Tata Motors, Maruti Suzuki and #Bajaj Auto #Bajaj Re60 #CorporateStrategy #Maruti Suzuki #quadricycle #Rajiv Bajaj #Tata
