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Nasscom promoted Innovation Fund gets first closing corpus
Nasscom today said that the India Innovation Fund (IIF) promoted by it and ICICI Knowledge park (IKP) has achieved its first closing corpus of Rs 40 crore.

M J Antony: Lending public money
M J Antony / New Delhi December 16, 2009, 0:59 IST

News of the day

GST will reduce tax burden by 25-30%: FinMin
While the finance ministry today admitted to Rs 20,000-22,000-crore shortfall in the indirect tax collections during the current year, it went on to assure the industry that the tax burden on people would come down by 25-30 per cent with the introduction of the proposed goods and services tax (GST).
Corporate

Merck Q2 net down 34% at Rs 12 cr

Drug firm Merck today reported a net profit of Rs 11.88 crore for quarter ended on June 30, 2009, a decrease of 34 per cent over the same period last year. - Merck Q1 net dips 46% at Rs 8.6 cr - Sanofi mulls diagnostics, animal-health buys - Merck deal puts pressure on drugmakers AstraZeneca, Sanofi, J&J - Merck"s $41.1 billion Schering bid seeks science - Merck arm to hire 300, expand vaccines portfolio - Pennar Q1 net profit at Rs 38 crore The company had reported a net profit of Rs 18 crore in the quarter ended June 30, 2008, Merck said in a statement. During the quarter under consideration, the total income of the company stood at Rs 135.39 crore registering an increase of 28 per cent compared to Rs 105.06 crore in the corresponding quarter last year.


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