GDR tax tab to be lighter -- Drug, IT, media, biotech cos staff to gain
INDIAN employees of pharma, biotechnology, information technology and entertainment companies based in the country as well as their subsidiaries abroad will finally qualify for tax-breaks on income from global depository receipts (GDRs) and capital gains arising out of their transfer.

Finance Minisry no to price cap on petro-goods
THE Finance Ministry is not in favour of imposing price cap on petro-products in the post-APM regime as it is of the view that the market will be able to avert profiteering.

With premium rates stretching the purse... -- Cos rethink on all-risk covers
THE package policy providing comprehensive risk cover for mega projects is becoming one of the major casualties of the turmoil being witnessed in the global insurance market, with steep hike in premium rates insisted upon by reinsurers forcing large comm ercial entities to seek alternative covers.

Anthrax drug: Indian cos face patent hurdle
EVEN as Bayer AG is set to take up with the Canadian Government the latter's decision to augment stockpiles of ciprofloxacin through supplies from a generic company, Indian pharma companies, gripped by a ``me-too'' syndrome, may not be able to rejoice, at least not just yet.

Naxals blast Coke unit
NAXALITES of the Peoples War Group attacked and blew up a portion of the bottling unit of the Coca Cola company at Atmakuru village in Guntur district in the early hours of Sunday. The village is situated on the Mangalagiri-Tenali route. There were no c asualties.

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