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Piramal Healthcare looking at acquisitions
Pharma company Piramal Healthcare today said it is looking for acquisitions in the fields of patented drugs, contract research and research molecules and will raise Rs 1,000 crore for this purpose.

Suman Bery: Mood Music
This week’s trade mini-Ministerial in Delhi is mainly about the US, observes Suman Bery

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RIL revises Lyondell offer to $13.5 bn
- BofA likely to pay bonuses close to 2007 level - Future Group pulls the plug on "Bijli Ghar" - PowerMin wants gas at $2.34 for NTPC - Another RIL cash raising on anvil - RIL to drill six new wells in KG-D6 block this year - Reliance Industries: Filling its coffers
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DoT wants telcos to share info with auditors on time

The government has written to telecom operators, Bharti Airtel, Idea Cellular, Vodafone and Tata Teleservices, asking them to be punctual in sharing information with special auditors looking into revenue leakage. - Govt probing report of under-declaration of RCom"s revenues - Govt earns Rs 8,308 cr from mobile companies - Govt to prosecute RCom for reporting less revenue - DoT moves SC againt HC order on 2G licence cut-off date - 3G auction shortly: PM - Ask CBI for files, DoT tells CAG None of the service providers confirmed receipt of the letter from the Department of Telecom (DoT). The DoT said in its communication that it has been keeping a watch on the progress of the assignment through monthly reports from the auditors. However, as per the latest progress report, "it seems that there have been delays on your (operators) part in providing the information." DoT had ordered special audit for checking revenue leakages in five companies, including Reliance Communications (RCom). The report on RCom was submitted to the government last month. In its communication to Bharti, the DoT said that it has been pointed out by the auditor that despite considerable lapse of time, complete information has not been provided for any of the requisitions till date. According to DoT sources, the auditors have sent five communications to the company but no information was received. The DoT has also written letters to all the four special auditors, saying considerable time has elapsed since the original deadline set for the audit. The DoT has asked the auditors that the report should contain a "statement of recovery of dues" wherein the demand by the department may have to raise on the companies concerned.


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