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Robert Kelly in lead for BofA CEO job, pay a hurdle
Bank of New York Mellon Corp"s Chief Executive Robert Kelly has emerged as the front-runner for the top job at Bank of America (BofA), but compensation issues are making a hurdle to the deal, says a media report.

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SC to decide on 'dividend stripping' by mutual funds
The Supreme Court will decide whether mutual fund brokers can resort to a process (dividend stripping) of creating a short-term loss to avoid tax.
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Wockhardt gets award for patents

Drug maker Wockhardt today said it has been chosen as the pharmaceutical company for the maximum number of patent filings and grants from India. - 'Over 3,000 people will be a part of Fortis' - Wockhardt shareholders approve sale of two biz for Rs 281.6 cr - India Inc takes the sale route to beat crisis - Twice bitten, ready for more - Newsmaker: Shivinder mohan singh">Newsmaker: Shivinder mohan singh - Wockhardt divested to infuse cash for its pharma chain Wockhardt has been granted 70 patents, 15 from the Indian Patent office and 55 from the American and European Patent offices, the drug maker said in a statement. The Minister for Commerce & Industry Anand Sharma will present the award, which has been instituted by the government of India tomorrow in Hyderabad. "This award is a recognition of Wockhardt"s robust, resilient and uncompromising intellectual pursuit in discovering new ways and methods of medical innovation," the company"s Chairman Habil Khorakiwala said.


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