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Taro tells shareholders to keep Sun at bay
Ahead of its upcoming annual general meeting on December 31, 2009, Israeli drug company Taro Pharmaceutical has asked its shareholders to reject a takeover bid by Sun Pharmaceuticals.

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GMAC Financial to get additional US aid of $3.5 bn: WSJ
Troubled consumer finance firm GMAC Financial Services is likely to get around $3.5 billion (around Rs 16,350 crore) of additional aid from the US government to help cover its mortgage losses, a media report has said.

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BSNL to set up telecom towers in border areas
In an attempt to improve telecom services in rural areas, state-owned BSNL would set up about 10,000 towers across the country, many of which would be installed in villages bordering Bangladesh and Pakistan.
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Taro may cost Sun Rs 1,000 cr

Indian drug firm Sun Pharma may have to shell out up to Rs 1,000 crore for acquiring the Israel-based Taro Pharma-ceuticals. “If we are able to get all the shares of Taro pharma-ceuticals, including promo-ters’, then the total cost would be up to Rs 1,000 crore,” the firm said.


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