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Geely boss dismisses 'loser' Toyota
In a sprawling factory south of Shanghai, Li Shufu, the self-made Chinese billionaire who is poised to buy Volvo Car Corp from Ford Motor Co, is presiding over a new-model launch party. If he has any concerns that his Geely Automobile Holdings Ltd’s rising sales and surging stock price could falter, he’s not showing them on that summer day.

MP govt to slap notice on IOC
In the wake of the deadly fire that ravaged the Indian Oil Corporation’s (IOC’s) depot in Jaipur, the Madhya Pradesh governemnt has woken up to the realisation that the company’s Bhopal depot is a ‘nuisance’. The state government will soon serve a notice on the company under Section 133 of the CrPC (removal of nuisance).

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UP Inc wants withdrawal of stamp duty notification
Uttar Pradesh Inc has demanded the stamp duty on registration of industrial plots be charged on sale cost/premium lease basis and not on market value/circle rate of the land as notified recently.
Business Ideas

Orchid Pharma settles patent row, stock up 4%

Orchid Chemicals gained nearly 4% at Rs 105, after touching a high of Rs 106 during the day. Around 862,500 shares were traded at the counter against its two-week average of one million shares. ______________________________________________________________ UCO Bank seeks shareholders" nod for fund raising Negative view on state-run oil cos: Fitch Jan cement sales in high double-digit The stock opened at Rs 104 and surged 5% to a high of Rs 106. It is currently trading with a gain of 4% at Rs 105. Around 326,885 shares have been traded at the BSE so far. The company has informed the BSE through a press release that it has settled its patent litigation with Schering-Plough, a US-based drug major. The issue was related to generic versions of its allergy medication, Clarinex. The agreement marks the end of all pending lawsuits filed and consolidated since 2006 in the US District Court of New Jersey.


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