Corporate

PM announces Rs 1,000cr assistance to Karnataka

Prime Minister Manmohan Singh today announced Rs 1,000 crore assistance to Karnataka to take up flood relief works after undertaking an aerial survey of the rain-ravaged areas in northern districts. The Prime Minister, who flew over the rain battered villages along with Chief Minister B S Yeddyurappa, made the announcement at a press conference here.

UK economic contraction slows; GDP falls 0.7% in Q2

The recession-hit British economy shrank less than expected at 0.7 per cent in the second quarter of this year, indicating that the worst of the financial turmoil could well be over for the country.

Army warms up to Akash missile

India’s long-criticised Akash anti-aircraft missile is now blazing towards success. Its counterparts in the DRDO’s Integrated Guided Missile Development Programme, the Prithvi and Agni ballistic missiles, were on target from the start; the anti-tank Nag missile will also enter service shortly; the Trishul short-range anti-aircraft missile was abandoned unceremoniously. Now, after years of rejection from the military, the Akash is being accepted as a world-class missile.

Dr Reddy's, AstraZeneca may settle patent case out of court

Dr Reddy"s Labs long-standing patent dispute with Europe"s AstraZeneca over a drug to treat heartburn may be resolved out of court following a similar settlement between the European drug maker and Israel"s Teva, feel market watchers.

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