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Popular Articles

Private cos to arm police with modern weapons
The Ministry of Home Affairs (MHA) has turned to India’s private sector to arm the police forces with weapons needed to respond to terror attacks like 26/11.

Novartis moves SC against Glivec order
Swiss drug major Novartis has approached the Supreme Court against a decision of the country’s apex patent complaint redressal forum, the Intellectual Property Appellate Board (IPAB), to deny patent protection for its cancer medicine, Glivec. The court is expected to take up the case for hearing on August 31.

News of the day

India Eco Summit: Fortis Healthcare to set up 3 more hospitals
Fortis Healthcare today said it is looking at adding three more hospitals to its chain with a total investment of nearly Rs 300 crore post Wockhardt acquisition.
Small Business

SAT adjourns hearing on Shankar Sharma case till Jan 27

The Securities Appellate Tribunal today adjourned till January 27 the hearing on a petition by brokerage house First Global"s Shankar Sharma against a SEBI order banning him from trading in markets for his alleged role in manipulating prices of certain scrips. - How big really was the IPO scam? - Efforts on to initiate dialogue with Naxals - SAT extends stay in Shankar Sharma case till Dec 11 - SAT sets aside insider trading charge against Pendse, wife - Daiichi moves SC against SAT - Shankar Sharma gets four-week breather "On the request of counsels from both the sides the case has been adjourned till January 27," presiding Officer Justice N K Sodhi said here today. Earlier, the Securities Appellate Tribunal (SAT) had deferred the hearing on the case till January 15 and asked market regulator SEBI to reply to a review petition filed by Sharma, the Vice-Chairman and Managing Director of the fund house, before the hearing. Sharma had filed a review petition on November 25 on SAT"s ruling upholding SEBI"s ban order, on the grounds that there were certain errors in the records and arguments in the order of the appellate authority. SEBI has found Sharma guilty of synchronising trade in certain scrips which resulted in creation of artificial volumes in those scrips.


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