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Business & Economy
Foreign nations lobbying PMO for favourable patents law
What is India News Service,
Friday, 11 March 2005, 2000 hrs IST
Representatives from the developed and the developing world are knocking at the doors of the Prime Minister's Office (PMO) in a bid to make the Patent (Amendment) Ordinance, 2004 favourable to their countries' requirements.
After the Pharmaceutical Research and Manufacturers of America (PhRMA), the Washington lobby representing US drug manufacturers, met officials of the PMO; heads of Latin American and African countries are appealing to the Indian Government to ensure that drugs are available and affordable.
In fact, the African Union comprising over 44 member-countries, in a declaration signed at the end of its recent meeting at Ethiopia has also flagged off the issue of access to generic drugs especially from India. The Chairperson is expected to take up the issue with the Indian Government shortly.
Dhariwal to appear before CBI on April 4:
Gutkha baron Rasiklal Manikchand Dhariwal has given an undertaking before the Supreme Court that he will appear before the CBI on April 4. The CBI will not execute the non-bailable warrant issued against Dhariwal till that time.
Naomi
Campbell, Versace to hit Indian ramps: Celebrated designer Donatella Versace
and supermodel Naomi Campbell are expected to attend the sixth India fashion
week next month.
Will of fortune spins for RS Lodha: Calcutta HC has dismissed three Birla caveats with regard to '99 will of Priyamwada
Birla.
LPG-run vehicles suck oil companies\92 profits:
Oil marketing companies are suffering huge financial losses, worth over hundreds of crores, due to illegal diversion of highly-subsidised liquid petroleum gas supplied from the domestic consumers to commercial establishments and auto-owners.
New law on SEZ to be tabled, says Nath:
A new law on Special Economic Zones will soon be tabled in Parliament as a part of the government\92s focus on improving the investment climate through a series of legal measures, Union Commerce and Industry Minister Kamal Nath today said here today.
Reliance Info gets a breather:
Reliance Infocomm, facing a threat of disconnecting its inter-connectivity from public sector company MTNL for failure to pay Rs 125-crore balance amount on account of \93illegal\94 conversion of incoming international calls into local calls, got some respite today with the Delhi High Court staying the disconnection notice.
Air Sahara gets new
colours, new aircraft: Mumbai-based Bobby Mukherjee designed the new colour scheme and the first aircraft to don the new colours is a Boeing 737-400.
Rahul Bajaj expects resolution of family dispute by June:
The Chairman of Bajaj Auto Ltd, Mr Rahul Bajaj, today said that he expected the dispute with his younger brother, Mr Shishir Bajaj, to be resolved by June.
LSE invites Indian firms to raise capital: Martin Graham, director of Market Services at LSE, said western investors are keen to invest in shares of growing Indian companies.
Woodland to step into Pakistan:
Improved relations between India and Pakistan have prompted an Indian footwear company, Woodland, to establish flagship stores in Pakistan. Disclosing that the stores would be opened by the end of this year, the Managing Director, Woodland, Mr Harkirat Singh, said the popularity of the brand had prompted them to take the footwear abroad.
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