Business Briefs 21-11-2011
DRL SEZ plea TCIL sale Growth report Maruti models Stamp duty
- Published 21.11.11
Hyderabad, Nov. 20: Dr Reddy’s Laboratories (DRL) has requested the government to denotify its special economic zone at Medak in Andhra Pradesh, said a top company official. The formulation unit, which was to come up at Medak, will now be moved to Visakhapatnam where the company has another SEZ for manufacturing active pharmaceutical ingredients.
New Delhi, Nov. 20: The department of disinvestment is planning an outright sale of ailing Tyre Corporation of India (TCIL) and will appoint merchant bankers by mid-December, a senior government official said.
New Delhi, Nov. 20: India needs to reform policies concerning project execution and long-term funding to fix infrastructure, which is a roadblock to its target of achieving a 9-9.5 per cent annual growth during 2012-17, S&P’s Ratings Services said in a report.
New Delhi, Nov. 20: Maruti Suzuki is planning to add more models with environment-friendly CNG option to its existing fleet of five models — Alto, WagonR, Estilo, Eeco and sedan SX4.
New Delhi, Nov. 20: Brokers and experts have cautioned against the move to impose a uniform stamp duty for all derivative transactions, saying it will affect the nascent commodity futures market and fuel food prices.