Business Briefs 21-11-2011

DRL SEZ plea TCIL sale Growth report Maruti models Stamp duty

By The Telegraph Online
  • Published 21.11.11

DRL SEZ plea

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.

TCIL sale

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.

Growth report

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.

Maruti models

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.

Stamp duty

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.