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Monthly News September 2015

Alexis Tsipras returns to power to secur...

Alexis Tsipras returns to power to secure Greek debt relief

Greek leftist leader Alexis Tsipras will return as prime minister on Monday determined to secure debt relief from the country’s creditors in his “first and most important battle” after scoring an unexpectedly clear election victory. But easing Greece’s debt burden is just... read more »

Dr Reddy’s settles patent litigati...

Dr Reddy’s settles patent litigation on Kuvan tablets

he California-based BioMarin Pharmaceutical has entered into a settlement agreement with Dr Reddy’s Laboratories to resolve patent litigation in the US regarding Kuvan, the former’s 100mg oral tablets. According to a statement issued by BioMarin, the US drugmaker said it will grant Dr... read more »

Tata Steel raises Rs 4,000 cr via non-co...

Tata Steel raises Rs 4,000 cr via non-core asset sale

Tata Steel has raised more than Rs 4,100 crore through the sale of non-core assets so far this fiscal as part of efforts to strengthen its balance sheet and generate cash. The Mumbai-based firm said last week it sold 1.33 percent stake in group company Tata Motors to institutional investors for... read more »

L&T Finance Holdings to get Rs 708 ...

L&T Finance Holdings to get Rs 708 cr from Bain Capital

L&T Finance Holdings , the subsidiary of engineering & construction major Larsen & Toubro, will get Rs 708 crore from Bain Capital by issuing preferential shares and warrants. “The board of directors in today’s meeting has approved a preferential allotment of equity... read more »

South Sudan fuel tanker explosion: Death toll rises to 183

The death toll from a fuel tanker explosion in a rural South Sudanese state reached 183 on Friday, a regional official said, as medical staff and volunteers struggled to keep up with the... read more »

Palestinians clash with Israeli forces on `day of rage`

Jerusalem: Palestinians clashed on Friday with Israeli security forces in Jerusalem and the occupied West Bank after the Islamist movement Hamas called for a “day of rage” over... read more »

Israeli aircraft strike Gaza after rocket fire

Israel carried out air strikes in the Gaza Strip on Saturday after Palestinian militants there fired rockets into southern Israel. The overnight air strikes targeted two training camps... read more »

Japan removes World War II constraints placed on military: Here’s why it matters

Tokyo: Japan’s parliament approved legislation that loosens post-World War II constraints placed on its military, an issue that has sparked sizeable protests and debate about whether... read more »

Vyapam whistle-blower wins court battle against Madhya Pradesh go...

Madhya Pradesh: State withdraws transfers The transfers of Dr Anand Rai, one of the main whistleblowers in the Vyapam cash-for-jobs scam, and his wife Gauri, by the health department have been... read more »