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BofA shareholder opposes insiders as CEO candidates
One of the shareholders of Bank of America (BofA) has opposed the firm"s idea to zero in on an insider to replace its outgoing CEO Kenneth D Lewis and has described the current management team as "tainted and not credible".

Banks put Rs 10,500 cr in tank for growth journey
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Godrej strengthens roots in villages with regional ads
Most fast moving consumer goods (FMCG) companies have a two-pronged strategy to tap rural markets. It comprises launching nano packs and scaling up rural distribution. Godrej Consumer Products Ltd (GCPL) is going a step further by adding a regional advertising component.
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European NGOs back Indian generic drugs

Renowned European NGOs, including Oxfam and Medecins Sans Frontieres, have thrown their weight behind the Indian generic drug industry, whose products have been seized by authorities in Europe alleging violation of patents. - No cure in sight for India-EU drug seizure controversy "If the current EU trade policy remains, it will have a disastrous impact on the lives of millions... The Indian generic medicines industry, which exports two-thirds of its production to developing countries, could face restrictions," a joint declaration by Oxfam, Health Action International and Medicins Sans Frontieres said here. The generic drugs are those on which the patents have lapsed and can be manufactured by anyone. In his recent visit to New Delhi, Director General of Geneva-based World Intellectual Property Francis Gurry corroborated the point that generic drugs do not violate any patents. Over the last one year, European authorities have seized over 18 generic consignments of Indian companies en route Latin America and Africa, alleging violation of patents. The issue has repeatedly been taken up by the Commerce Ministry with the European authorities.


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