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Sun shines as Taro shareholders slam board re-election
In a major boost to India"s Sun Pharma, which is locked in a takeover battle with Taro, shareholders of the Israeli drug firm today rejected a proposal to re-elect directors.

BSE receives complaints against 228 listed firms
The Bombay Stock Exchange (BSE) today said it received 357 complaints against 228 listed companies and resolved 317 complaints against 239 listed companies in July.

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ITC results bode well for FMCG firms
Fast moving consumer goods (FMCG) companies are likely to register a modest growth for the July-September 2009 quarter on the back of rising consumer demand which is expected to considerably reduce the impact of a disappointing monsoon on sales. Traditionally, summer and winter months make up 30-40 per cent of any FMCG company’s overall sales.
International Business

Ban did not discuss Kashmir with Pak PM: UN

The Kashmir issue did not came up for discussion between UN chief Ban Ki-moon and Pakistani Prime Minister Yousuf Raza Gilani when the two leaders met on the sidelines of the NAM Summit in Egypt. "On the issue of Kashmir, if it had been discussed, I think we would have been aware of it," UN spokesman Michele Montas told reporters here, when she was asked if the issue was discussed between Ban and Gilani and if the latter asked the Secretary-General to offer his good offices for mediation between India and Pakistan over this issue.


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