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Wednesday 7 September 2011

Aurobindo Pharma is in JV with Russia`s Diod to make, market generic drugs

Aurobindo Pharma is in JV with Russia`s Diod to make, market generic drugs

Land acquistion bill will be represented in Parliament today.

Land acquistion bill will be represented in Parliament today.The rehabilitation and resettlement (R&R) provisions will be applicable to the entire project area, only 5% of irrigated, multi-crop land can be acquired and highways have been excluded from the purview of the bill.The current parliamentary session ends on Friday and the bill is unlikely to be passed before parliament this year.

Company is in talks with several PE cos to sell its 25% stake, to retire debt in wholly owned co Renuka Brasil holdings

Company is in talks with several PE cos to sell its 25% stake, to retire debt in wholly owned co Renuka Brasil holdings

Citigroup Inc Former vice president found guilty for embezzling more than USD 22 million

Citigroup Inc Former vice president found guilty for embezzling more than USD 22 million from the company and transferring money to his personal bank account. Gary Foster pleaded guilty to bank fraud, admitting that he took the money between 2003 and 2010 . He appeared in US district court in Brooklyn before Judge Eric Vitaliano.