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As Novartis judgement day looms, Big Pharma bites its nails

Welspun Corp re-purchases a part of FCCBs

The company has re-purchased bonds worth $24.4 million through the open market route, at an average discount of approximately 7% on the accreted value of the bonds

Current account deficit zooms

Gap touches record 6.7% of GDP, finance ministry sees moderation in March quarter

Central Advisory Board for Education to meet on April 2

Review of RTE implementation, ICT in higher education, proposed Education Commission on agenda

Ravi Pillai buys 4.49% share in Dhanlaxmi Bank

The RBI had allowed Dhanlaxmi Bank to issue preferential shares to raise capital

Rates will correct but liquidity issue remains

According to some reports, the govt is expected to close the year with a Rs 75,000-cr cash balance with RBI

HDFC Bank cuts base rate by 10 bps to 9.6%

Becomes the first bank to pare lending rate after RBI's March policy

Nokia's Shivakumar quits after 8-yr stint

Before joining Nokia, Shivakumar was with Philips India and Hindustan Lever

Govt clears pending MNC tax issue

Foreign cos devt centres will now be considered as contract R&D service providers if parent performs economically significant functions in R&D cycle

CII survey shows a rising trend in Q4 business confidence

Much progress unlikely on fiscal, trade deficit in FY14, feel majority of respondents; presumption of slightly slower inflation

Nokia gets Rs 2k-cr notice from I-T

Obtains interim stay from Delhi HC

JICA extends Rs 11,400-cr loan for infra sector

Loans to be used for construction of Dedicated Freight Corridor for development of Delhi-Mumbai Industrial corridor

Govt should frame rules on inbound capital flows

It also proposed unified regulator for RBI, Sebi, FMC and PFRDA, while keeping RBI out of it

Internet services hit as cable cut off Egypt's coast

Airtel says to avail alternative routes to keep services on

Govt on track to meet fiscal deficit target

However, at Rs 3.96 lakh cr, revenue deficit till Feb exceeds RE for FY13

External debt rises to 20% of GDP

External debt rose faster than foreign exchange reserves

Now, US softening stand on Modi

Republican Congress members invite Gujarat chief minister, say would work on visa issue

South Indian Bank's total business crosses Rs 75,000 cr

DCHL gets shareholders' nod for higher debt limit

Sources say key promoters missing at the AGM

DDA renews Taj Palace lease for 25 years

The Taj had originally entered into an agreement for the construction and licence of the hotel with DDA for 30 years effective from April 1, 1983