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Pak court seeks govt response over medicines from India
A Pakistani court has sought responses from federal authorities to a petition challenging the amendment of policy to allow the import of medicines and vaccines from India.

Aurobindo Pharma gets USFDA approval for CVS drug
Aurobindo Pharma, a manufacturer of generic pharmaceuticals and active pharmaceutical ingredients, has received final approval for Fosinopril Sodium and Hydrocholorothizide Tablets USP 10/12.5 mg and 20/12.5 mg from the US Food and Drug Administration (USFDA).

News of the day

India to push for more space in IMF, WB at G-20
Prime Minister Manmohan Singh and leaders of emerging countries like Brazil, China and South Africa are expected to make a big push for more space and a stronger voice in global financial institutions at the G-20 Summit starting in Pittsburgh this Thursday.
Public Relations

Indiabulls Financial reduces Suzlon stake to 0.06%

Wind power major Suzlon Energy today said financial services major Indiabulls Financial Services has reduced stake in the company to 0.6 per cent, by way of releasing pledged shares. - Suzlon bags 27 MW wind power order from ITC - Expect moderate returns in 2010 - Societe Generale to devise new strategy for insurance sector - Suzlon Energy: Inching ahead - Indiabulls Financial ends life insurance JV with Sogecap - Suzlon repays $780-mn loan for Hansen acquisition As per a disclosure about pledged shares filed by Suzlon Energy with the Bombay Stock Exchange, Indiabulls Financial Services" stake in the wind turbine supplier has reduced to 0.06 per cent, from 5.42 per cent earlier. Indiabulls has released 8.33 crore shares representing 5.36 per cent stake in the company on January 1, 2010. At the end of the September quarter, the promoters held 53.08 per cent stake in Suzlon. Besides, a total of 43.28 per cent of the promoter holding was pledged, as per the shareholding pattern as on September 30. Shares of Suzlon were trading at Rs 90.50, up 0.17 per cent over last closing on the BSE.


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