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No laws would be imposed on broadcasters: Soni
Allaying fears of broadcasters over content regulation, the Central government today said any regulatory mechanism would be formed only after consultations with stakeholders and the industry"s larger interests will be taken into consideration. http://smallpersonalloans.org.uk

Sun Pharma gets tentative FDA nod for generic Gleevec tablets
Sun Pharmaceutical Industries today said it has got tentative approval from the US drug regulator for generic Gleevec (imatinib meyslate tablets), used in the treatment of chronic myeloid leukaemia.

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Power Ministry to approach FinMin for abolition of service tax
Power Secretary H S Brahma today said the Ministry would soon approach the Finance Ministry for abolition of service tax on power transmission that could benefit end consumers by way of lower tariff.
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FIPB to mull United Breweries' proposal on July 24

The Foreign Investment Promotion Board (FIPB) will again consider a proposal of Vijay Mallya-promoted United Breweries Holdings (UBHL) to raise Rs 708 crore by issuing convertible equity warrants in its meeting to be held on July 24. - FIPB to reconsider ByCell proposal on mobile services">FIPB to reconsider ByCell proposal on mobile services - Kingfisher suspends Bangalore-London flights; to add 8 new international routes - Mallya wants Guj govt to revise alcohol policy - Govt clears Michelin's Rs 11k-cr FDI proposal - Indians boost tourism in Scotland despite recession - DIPP to review FDI in cigarette industry on Jul 10 According to a finance ministry circular, the FIPB in its last meeting held on July 10 had deferred a decision on the proposal. The FIPB had noted that the Department of Revenue (DoR) has not supported the proposal on the ground that the money sought to be raised is "primarily a loan from Nexgen Capital and Standard Chartered Bank routed through FirStart Inc as investment". IT had also pointed that DoR has not supported the proposal because "Vijay Mallay"s net worth is less than the amount for which he has given guarantee and the gap is not explained". UBHL had approached the FIPB for making downstream investments in Kingfisher Airlines and a host of other subsidiaries and associate companies.


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