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Post-26/11, India's conduct hailed by US Defence Sec
India"s conduct after the Mumbai-terrorist attack by Pakistan-based Lashkar-e-Taiba (LeT) has been statesmanlike, US Defense Secretary Robert Gates said today, praising the restrain shown by the Indian leadership after 26/11.

Taro tells shareholders to keep Sun at bay
Ahead of its upcoming annual general meeting on December 31, 2009, Israeli drug firm Taro Pharmaceutical today asked its shareholders to reject a takeover bid by India"s Sun Pharmaceuticals.

News of the day

Novartis gains on getting patent right
Novartis finally ended with a Rs 21 or 3.6% gain at Rs 590. Around 30,063 shares changed hands at the counter today.
Corporate

Radico Khaitan seeks shareholders nod to raise Rs 375 cr

Liquor manufacturer Radico Khaitan today said it will seek shareholders approval for raising Rs 375 crore by share sale from domestic and international markets. - City Union Bank to raise Rs 300cr - Hanung Toys to raise Rs 238cr - Radico Khaitan to raise Rs 375 cr - Muthoot Capital gets shareholders nod for rights issue - Comp U Learn board to discuss stake buy in US-based IT firm - Jet gets shareholders" nod for raising $400 mn The shareholders of the company would meet on October 23, in order to approve the proposal to raise Rs 375 crore by allotting shares or by issuing Global Depository Receipts and Foreign Currency Convertible Bonds, Radico Khaitan said in a filing to the Bombay Stock Exchange. Shares of Radico Khaitan were trading at Rs 112.70 on the BSE, down 2.80 per cent from previous close.


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