Swiss firm to sue DRL

Zurich, Sept.25: Swiss drugmaker Roche Holding is taking legal action in the US against Dr. Reddy’s Laboratories to stop it selling a generic version of Roche’s osteoporosis drug Boniva. Roche has filed a complaint against Dr. Reddy’s in a New Jersey court after the company notified Roche of its intention to launch a generic product, spokesperson Martina Rupp said. Roche says Boniva, which is sold as Bonviva in Europe, is covered by patents running from 2012 to 2023.

PAN details

New Delhi, Sep 25: The government today said all companies or organisations that deduct tax at source will have to file the PAN of people or companies they are paying to with the income tax authorities.

FBT rules

New Delhi, Sept. 25: After a delay of more than five months, the government is likely to notify the guidelines for evaluating fringe benefit tax on stock options given by companies to their employees in a week.

PC sales

New Delhi, Sept. 25: Computer sales are on a high growth trajectory, with personal computer sales crossing 1.7 million units in the first quarter of this fiscal compared with 1.2 million units in the same period of the previous fiscal, according to Manufacturers Association of Information Technology.

Core sector

New Delhi, Sept. 25: India’s infrastructure sector will face a shortage of Rs 1,60,163 crore in its requirement of debt funding during the Eleventh Five-year Plan, according to the Planning Commission.

Mittal plans

London, Sept. 25: Lakshmi Niwas Mittal has pledged an investment of around $20 billion to build two 12-million-tonne steel plants in the country, where the demand for the commodity is growing rapidly.

Insurance

New Delhi, Sept. 25: The general insurance industry grew 15 per cent in the August led by Reliance General Insurance, which recorded the highest growth of 161 per cent in gross premium.