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Govt sops likely for drug exports avoiding Europe
The Centre may give sops to drug exporters for shipments to Africa and Latin America through a route that would avoid passing through Europe, while it prepares to drag the European Union (EU) to the World Trade Organization (WTO) over seizure of consignments of Indian pharma companies.

'Ready to talk to anyone on Kashmir'
In a fresh initiative, Prime Minister Manmohan Singh today expressed the Centre’s willingness to “talk to anyone” having “meaningful ideas” to promote peace in Jammu and Kashmir and offered to resume dialogue with Pakistan provided it curbed activities of those engaged in terrorism in India.

News of the day

M&A deals slump 41% to $3.3 bn in Q2
The volume of merger and acquisition (M&A) deals by India Inc slumped by 41 per cent to $3.3 billion in the June quarter over the previous three-month period due to the impact of the global economic slowdown, a report by consultancy firm Ernst & Young has said.
Public Relations

Godrej Industries signs MoU with group companies

Godrej Industries, leading chemicals manufacturer and exporter of chemicals products, has entered into a memorandum of understanding (MoU) with Godrej & Boyce Mfg Co and Godrej Properties for development of the property at Vikhroli. - Godrej Industries, group firms to develop real estate - Godrej Ind gets shareholders nod to invest in JV firm - Godrej Group appoints Vivek Gambhir as Chief Strategy Officer - Farm growth could be down 5%, says Godrej - Arun Maira resigns from Godrej Industries" board - Godrej Industries Q1 net at 16 cr The company board also approved the proposal of the aforementioned MoU. The binding MoU provides for setting up of suitable special purpose vehicle(s) to execute joint development of the property as also the commercial terms for such development including the sharing of costs and revenues/ profit. The MoU is subject to all the parties obtaining appropriate corporate and statutory permissions/consents to execute the definitive agreements inter-se and the company obtaining appropriate shareholders’ approval.


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