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Roche's SLP against Cipla order quashed
The Supreme Court today dismissed a special leave petition (SLP) filed by multinational drug major Hoffman-La Roche challenging a Delhi High court order of April that allowed domestic drug major Cipla to sell a generic version of lung cancer drug Tarceva (erlotinib) in India.

MF industry turns less profitable
The fall in assets under management (AUM) in financial year 2008-09 has hit the net profit of the mutual fund industry. The industry’s average net profit has declined 29.84 per cent in financial year 2008-09, acccording to an ICRA report released today.

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Water resources department plan ceiling at Rs 2,222 crore
The annual plan ceiling of the water resources department (WRD) for 2010-11 has been fixed at Rs 2222.64 crore. It is the highest among all the departments.
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Purwar new chairman of India Infoline Investment Services

A K Purwar, former chairman of the State Bank of India has been appointed as the chairman of India Infoline Investment Services, the NBFC arm and a material subsidiary of India Infoline. - It"s a growth-oriented Budget - Back in fashion - India Eco Summit: Govt to assess exports, mulls another stimulus - India Inc prefers other sources to bank funds - Conflict of interest rules need to be clear - FinMin writes to RBI in support of ADAG"s borrowing plans ‘Mr Purwar has successfully led the State Bank of India, country’s largest financial institution. We look forward to benefitting from his rich and in-depth experience of Indian economy and finance in scaling up the lending business of the Group,’ said India Infoline Chairman Nirmal Jain.


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