More cases of tax evasion in cross border deals

The government said it has identified a few more cross-border merger and acquisition cases, including Barclays-Intelnet deal, for possible tax evasion after slapping Rs 11,000-crore (Rs 110......

Department of pharma wants review of FDI rules

The department of pharmaceuticals under the ministry of chemicals and fertilisers has proposed that the government set up an expert group to assess the impact of foreign direct investment in this......

Pharma club seeks protection from foreign predator

The Indian Pharmaceutical Alliance, the association of the country's leading domestic drug producers, has sounded the alarm bells against foreign companies acquiring homegrown players. In fact, it......

Merieux takes 60% in Shantha Biotechnics

French biotech major Mrieux Alliance has acquired a majority stake in the Hyderabad-based vaccine company Shantha Biotechnics for an undisclosed amount. The company has acquired a 50 per cent stake......