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Cipla rises 4.3%
The stock gained 4.3 per cent to close at an all-time high of Rs 345.30, on reports that the company is in talks with Pfizer, world’s largest drug maker, to supply generic products for their drugs. As an ongoing business strategy, the company is seeking alliance with other companies for developing products.

Gas is not pvt property of Ambani bros: Govt
The government today opened its arguments in the high-voltage gas row between the Ambani brothers in the Supreme Court asserting that any understanding reached between them was not binding on it as gas was not their "private property".

News of the day

PE investments in South drops 64%
Private Equity (PE) investments into South India have dropped 64 per cent between April and September, 2009, to $626 million from $1752 million, during the same period last year. The number of deals fell 48 per cent. Among the four states in South, Andhra Pradesh had attracted the highest investment, in terms of value.
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Workers at Nokia's TN plant go on strike

Production at mobile handset company Nokia’s factory at Sriperumbudur, near Chennai, was stopped after around 2,000 workers went on a flash strike Wednesday evening. Representatives of the Nokia India Employees Progressive Union (NIEPU) claimed the company had suspended 62 employees without giving any reason. - Ad row creates buzz for Onida cellphones - Nokia launches affordable touch devices in Gujarat - Ashok Leyland JV to produce die castings - Ads on-the-go - Dual-sim phones on Nokia"s radar - Nokia complaints against Apple for patents violation According to NIEPU, an affiliate of the Labour Progressive Federation and the labour wing of the ruling DMK, the problem began when a worker was asked to report for a different shift, which he refused to do. This led to his suspension. Some more workers then protested the management’s move and they were also suspended. The representatives further claimed that nearly 2,000 workers then went on strike. In an official statement, Nokia said: “Nokia initiated a suspension, pending inquiry notice, to some employees who are reported to have committed acts of serious misconduct.”


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