± Dr Reddy’s Laboratories has signed an agreement with GlaxoSmithKline, to buy the latter’s oral penicillin manufacturing facility at Tennessee in the US. (BS)
± The Mumbai Income Tax Appelate Tribunal has held that income tax paid by Tata Sons abroad cannot be claimed as deduction in India. (DNA)
± Maruti Suzuki is not contemplating any price raise, despite a 20-30 % surge in raw material prices in recent months. (BS)
± Punj Lloyd has won ~Rs16bn domestic and overseas contracts. (BL)
± Cairn Energy Plc may soon seek government’s approval to sell three blocks to Vedanta Resources. (DNA)
± JSW Steel seeks new coking coal mine in Jharkhand. (DNA)
± Power Grid is likely to sign MoU with Sri Lanka for developing of high capacity power transmission link between the India and Sri Lanka from the Indian side. (BS)
± 50 Kingfisher Airlines pilots quit to join rival Jet Airways. (ET)
