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MSME ministry to fund innovative entrepreneurship ideas
The Ministry of Micro, Small and Medium Enterprises (MSME) has commenced a programme to promote the transformation of novel entrepreneurship ideas into business ventures by funding the projects.

Food inflation at 19.95%, RBI may hike rates
Food inflation touched more than a decade"s high of 19.95 per cent as of December five, driven by costlier vegetables, pulses, milk, wheat and rice, even as economists said they expected Reserve Bank to hike rates to tame price rise.

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Ford, Nissan, Tesla to get govt loans: AP source
The Energy Department is lending money to the Ford Motor Co and two other automakers from a $25 billion fund to develop fuel-efficient vehicles, congressional officials said.
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Wockhardt gets award for patents

Drug maker Wockhardt today said it has been chosen as the pharmaceutical company for the maximum number of patent filings and grants from India. - 'Over 3,000 people will be a part of Fortis' - Wockhardt shareholders approve sale of two biz for Rs 281.6 cr - India Inc takes the sale route to beat crisis - Twice bitten, ready for more - Newsmaker: Shivinder mohan singh">Newsmaker: Shivinder mohan singh - Wockhardt divested to infuse cash for its pharma chain Wockhardt has been granted 70 patents, 15 from the Indian Patent office and 55 from the American and European Patent offices, the drug maker said in a statement. The Minister for Commerce & Industry Anand Sharma will present the award, which has been instituted by the government of India tomorrow in Hyderabad. "This award is a recognition of Wockhardt"s robust, resilient and uncompromising intellectual pursuit in discovering new ways and methods of medical innovation," the company"s Chairman Habil Khorakiwala said.


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