US oil spill finding could cost BP $13.7bn in fines
A US judge has said more oil spilled into the Gulf of Mexico following the deadly rig explosion in 2010 than BP estimated — a decision that could potentially cost the oil giant $13.7bn District judge Carl Barbier ruled in New Orleans that 3.19m barrels were discharged into the Gulf after the rig... read more »
Gold Edges Towards 12-Week High on Safe-Haven Demand
Singapore: Gold edged up for a third session out of four to hover near a 12-week peak on Wednesday, bolstered by safe-haven demand as tumbling oil prices and worries over global economic growth hit equities. FUNDAMENTALS Spot gold had ticked up 0.1 per cent to $1,231.80 an ounce by 0045 GMT. Gold... read more »
Cipla moves HC against bar on sale of generic drug
MUMBAI: Cipla has filed an appeal in the Delhi high court against a recent order which restrained it from selling its generic version of Novartis drug Onbrez in the domestic market. The matter is expected to come up for a hearing on Wednesday. Protecting Novartis patents on the drug, the court on... read more »
Jet Airways says Naresh Goyal hasn’t pledged shares to PNB
Mumbai: Jet Airways (India) Ltd, the country’s second largest airline by passengers carried, on Wednesday said its founder chairman Naresh Goyal will not dilute his equity below 51% at any time. “Jet Airways hereby wishes to clarify that the recent media reports stating that Naresh Goyal (the... read more »
