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'Bankruptcy Code is not effective in times of severe stress'
Timothy Geithner / November 1, 2009, 0:58 IST

Lancor Holdings approves Rs 75 cr issuance of securities
Lancor Holdings, a realty major, has approved the further issue of securities up to a value of Rs 75 crore with domestic and international markets through various instruments. The decision ws taken in its board meeting yesterday.

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Mahindra to launch mini truck Maxximo at Auto Expo
Auto major Mahindra & Mahindra today said it will launch its mini truck Maxximo-- the first product from its new facility in Chakan -- at the Auto Expo here during January 5-11.
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Sun Pharma rises 2.3% on nod for generic drug

Sun Pharmaceutical Industries scrip rose Rs 32 or 2.3 per cent to close the day at Rs 1,429.20 on reports of US Food and Drug Administration’s (USFDA’s) nod for a generic drug. - Taro files lawsuit against Sun in US - Sun, Caraco to file 30 marketing applications for generics - Sun Pharma"s US arm facing more trouble - Sun Pharma settles patent dispute with Astra Zeneca - Sun Pharma uses own plants for US market after after Caraco trouble - Lawsuit filed against Sun Pharma"s US arm The company is believed to have received final approval to market Caffeine Citrate in injection and oral solution. The stock opened at Rs 1,397 and made an intra-day high of Rs 1,441.70. The stock is trading 11 per cent lower than its 52-week high of Rs 1,600 reached on 19 May, 2009.


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