In a departure from its usual stance, Sebi has granted its approval for SK Poddar – the Indian partner‘s shareholding to be classified as public shareholding.
In April this year, the I-T Department had slapped tax notice on Idea Cellular and its subsidiary, Aditya Birla Telecom respectively, in relation to transfer of assets and licences between the two companies in 2009.
In a bid to challenge the Maharashtra FDA decision to cancel license to manufacture cosmetics from the Mulund facility, Johnson and Johnson has moved the Bombay HC, reports CNBC-TV18's Ashmit Kumar.