Coal block auction to have cushion against tariff shock
NEW DELHI: The government will protect power consumers from getting a tariff shock from coal block auction and cap the number of mines or quantity of reserves that goes to one entity with a view to prevent a monopoly scenario. “It (auction) is not a revenue-maximizing approach … the... read more »
US court overturns bid by Ranbaxy to block launch of rival generic drugs
A US court has denied a request by drugmaker Ranbaxy Laboratories Ltd to stop competitors from launching copies of AstraZeneca Plc’s heartburn pill Nexium and Roche’s antiviral Valcyte, a court filing showed. Ranbaxy had sought the restraining order against Dr Reddy’s Laboratories... read more »
CBI conducts raids on Saradha offices in Kolkata
KOLKATA: Probing the multi-crore-rupee Saradha scam, the CBI on Thursday raided three offices of the tainted group in the city. Since morning, Central Bureau of Investigation (CBI) sleuths conducted searches at Saradha offices in different locations such as Salt Lake, Behala and Bishnupur in the... read more »
Kidnapped boy, 13, found dead in drain
The body of a 13-year-old boy, who was kidnapped near his home in Gandhinagar, East Delhi, on Tuesday, was found in a drain in Geeta Colony on Wednesday. Police said Utkarsh Verma, a student of Class VIII, did not return home after school on Tuesday. Later, his parents got two ransom calls for Rs 1... read more »
