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Sebi asks bourses to preserve papers for five years
To ensure assistance to enforcement agencies during company investigations, the Securities and Exchange Board of India (Sebi) has asked exchanges and brokers to preserve original records for a period ranging from two to five years.

Dalmia in control at GHCL
GHCL promoter Sanjay Dalmia appears to be in control of the country’s largest soda ash maker, and is believed to have increased his shareholding significantly above the 18.5 per cent he held till recently when a battle for control of the company raged.

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UK sets Nov 9 deadline for Kraft's Cadbury bid
UK’s Takeover Panel today asked US confectioner Kraft Foods Inc to make its final offer (popularly known as “put-up or shut-up”) to take over Cadbury Plc by November 9, or announce that it does not intend to make any fresh offer at all.
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Bajaj Auto gets European patent for ExhausTEC

Leading auto maker Bajaj Auto today said its technology ExhausTEC, which helps improve performance of a two-wheeler, has been granted a patent by the Munich-headquartered European Patent Office. - Motorola accuses Blackberry maker of patent violation">Motorola accuses Blackberry maker of patent violation - Latha Jishnu: Perils of the US model">Latha Jishnu: Perils of the US model - Bajaj: Motoring ahead - Pharma tops in patent suits - Bajaj Auto: Domestic boom revs up growth - Bajaj small car to be smaller than Maruti"s Alto: Renault ExhausTEC is useful for improving power in a single cylinder four stroke engine and the company has already manufactured and sold over 50 lakh motorcycles fitted with this technology since 2004. "Bajaj"s patented DTS-i twin spark technology and ExhausTEC together deliver fuel efficiency and performance combination to its customers," the company said in a statement. The company already has an Indian patent for ExhausTEC which is valid till 2024. "This European patent derives priority from the corresponding Indian patent application dated August 6, 2004...The European grant awarded now after a stringent examination, is a solid reaffirmation," Bajaj Auto said. Besides Munich, the European Patent Office has its main offices in Brussels, Berlin, Vienna and The Hague.


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