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Caraco shock: Sun Pharma to revise guidance
Sun Pharma today said it would revise the revenue guidance for 2009-10 as the company was not sure when its US subsidiary, Caraco Pharmaceuticals, would be able to meet the regulatory standards of the Food and Drug Administration (USFDA).

I&B bats for reduction in FBT for media firms
Reduction in the fringe benefit tax (FBT) from 20 per cent to 5 per cent for media personnel working for both print and electronic media companies was among the demands submitted to the finance ministry today by Ambika Soni, the minister for information and broadcasting (I&B).

News of the day

Bilcare plans raising $35 mn
Packaging solutions provider Bilcare today said it is planning to raise $35 million (about Rs 170 crore) through the issue of securities.
Corporate

Jaihind Projects bag Rs 14 cr pipeline contract from BPCL

Engineering and construction firm Jaihind Projects today said it has bagged an order worth Rs 14.05 crore from Bharat Petroleum Corporation Ltd (BPCL) for a pipeline project. - BPCL arm to get investment form Oman Oil Co - PSU oil firms hike ATF prices by 2.4% - Bhoruka Power"s project turned down - Petroleum Min seeks Rs 11,853 cr oil bonds - BPCL posts 94% decline in losses - BPCL Q2 net loss at Rs 158.77 cr The company has secured the contract for "provision of cross country pipeline laying and associated works for Kochi refinery to Cochin AFS pipeline project", Jaihind Projects said in a filing to the Bombay Stock Exchange (BSE).


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