Board of Dr Reddy’s Laboratories has okayed bonus debentures valued at Rs 30 per share. The pharma major plans to issue six bonus debentures of Rs 5 for every one equity share held.

Dr Reddy’s said the bonus debentures are to be redeemed at the end of 36 months. “The debentures will carry a coupon rate. The total

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Rel Infra promoters have invested Rs 1,821 crore in the company via warrant conversion. The promoter stake will go upto 43% versus 38%. Promoters have converted warrants at Rs 929 per share, reports

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Kohinoor Foods Ltd has announced that the Register of Members & Share Transfer Books of the Company will remain closed from April 22, 2010 to April 29, 2010 (both days inclusive) for the purpose of 19th & 20th Annual General

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Midwest home sales improved nearly 10 percent over last year as tax credits and low interest rates continued to motivate buyers.

The National Association of Realtors released figures Tuesday showing 68,000 sales in the 11-state region in February, and the median sales price fell 2 percent to $128,000.

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The French government has signalled that it is dropping a plan for a tax on domestic carbon dioxide emissions.

Jean-Francois Cope, parliamentary leader of the governing UMP party, was quoted as saying the tax “would be Europe-wide or not (exist) at all”.

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The estate of Michael Jackson has agreed the biggest recording deal in history, worth more than $200m (£133m), with Sony Music, US reports say.

The deal reportedly involves 10 album projects over seven years – including one of previously unreleased material.

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The US housing market will face another retreat while mortgage-backed securities and Treasurys are likely to go through a “material” correction, Meredith Whitney, CEO of Meredith Whitney Advisory Group, told CNBC
The housing market surely will double dip,” Whitney told “Worldwide Exchange.”

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US economy has continued to grow this year, but only at a “modest” pace, according to the Federal Reserve’s influential Beige Book.

Despite a “slight improvement” in consumer spending, growth was hampered by “severe snowstorms” in many parts of the country, it

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BBC Worldwide – the commercial arm of the BBC – has agreed to pay £17m to secure full ownership of DVD publishing firm 2Entertain.

It is buying the 40% of 2Entertain which it did not already own from the administrators of failed High Street giant Woolworths.

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Microsoft said on Friday it will stick to its development strategy for the China Internet search market regardless of the outcome of Google’s high-profile spat with Beijing.

Microsoft has kept a relatively low profile in China since Google announced its decision to potentially withdraw from the market

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