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  • Rs.1230 cr understated liability as of Sept 30: Raju
  • Q2 Accrued interest of Rs.376 cr non-existent: Raju
  • Satyam carries inflated cash balance of Rs.5040 cr: Raju
  • Rs.1230 cr understated liability as of Sept 30
  • Q2 Accrued interest of Rs.376 cr non-existent
  • Rs.588 crores artificial cash in Satyam books: Raju
  • Satyam carries inflated cash balance of Rs.5040 cr
  • Satyam chairman Ramalinga Raju resigns from board
  • Still testing authenticity of communication from Satyam
  • Will take action against auditors if involvement found
  • Auditors accountable for financial situation: SEBI
  • Need for investors to know the truth: SEBI
  • Violations across several laws: SEBI
  • Satyam issue has serious implications: SEBI
  • Wrong doings at Satyam should be probed in detail
  • LIC remains a long term investor in Satyam
  • Liability also falls on independent board members
  • Satyam news a company specific issue only
  • Banks to outperform other sectors in Q3
  • Markets may fall on negative triggers coming from Q3
  • Results could be 'slightly' better vs expectations
  • Shocked at the startling revelations from Raju
  • Valuations in unlisted space still remain high
  • India still a small fraction of Asian PE activity
  • Would look to raise funds from institutions in late 2009
  • PE players continue to park funds into quality investment
  • Growth in exports from Asia in H2'CY09
  • U.S. economy could remain subdued in 2009
  • Earnings de-growth remains the key trigger for current qtr
  • Strike to impact Panipat, Gujarat refineries ops: NW
Updated: 06/01/09 | 12:06 AM IST
Pharma
The saga of Sun Pharma's protracted battle to acquire control of Israel’s Taro Pharma seems to be approaching its final hours. Sun, in a last ditch attempt at an early resolution has proposed two options.
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The global meltdown woes have even reached one of the most insulated sectors—Pharma. However, even as global markets are non-growing for many Indian players, domestic markets prove to be an anchor with steady growth at a volatile time.
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Healthcare company Piramal Healthcare on Tuesday announced acquisition of US-based Minrad International for Rs 188 crore, thus, re-emphasising the possibility of increased M&A activities in a mature pharma market like the US.
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It is believed that Bangalore-based Manipal Hospital is in the process of discussing merger with leading healthcare provider Wockhardt Hospitals.
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There's no easy way to combat recession than cut costs. But with the rising trend of pharma companies going for cut in R&D spending, will consumers have to live with drugs and medicines which were developed a long time ago?
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The Lipitor deal had further added to the speculation of Pfizer picking up a stake in Ranbaxy. But Pfizer on Wednesday told NDTV that it has no intention of picking up stake in Ranbaxy.
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Global Crisis
Export woes deepen, contracts 1.6% in Dec
Exports fell for the third straight month, posting a negative growth of 1.6 per cent in December 2008 as demand from key markets continued to remain sluggish.

 
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Hemen Kapadia
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