2G case: Judicial custody of Raja and 3 others extended

CBI request for more time to complete investigation into telecom scam case

New Delhi:  A Delhi court today extended the judicial custody of former telecom minister A Raja and three other accused in the 2G spectrum case till 31st March.

Mr Raja along with former telecom secretary Siddharth Behura, Mr Raja's former personal secretary RK Chandolia and Swan telecom promoter Shahid Balwa are lodged in Tihar Jail in the national capital. The four were to appear before special CBI judge OP Saini in a video-conference. But, due to technical glitches in the video conferencing system between Tihar Jail and the Patiala Court complex, they were produced before the judge in person, PTI reports.

The CBI informed the court that the probe in the case involving Mr Raja and the three others was yet to be completed and the judge granted an extension of judicial custody. The investigating agency also submitted that the accused are "highly influential" and could tamper with the evidence if they were released at this stage of the investigation.

Mr Raja was arrested by the CBI along with Mr Behura and Mr Chandolia on 2nd February 2011 and Mr Balwa was arrested in Pune on 8th February.

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IVRCL wins orders worth Rs565 crore

IVRCL Infrastructures and Projects Ltd’s power, buildings and transportation divisions have won orders worth Rs564.62 crore

IVRCL Infrastructures and Projects Ltd's (IVRCL) power, buildings and transportation divisions have won orders worth Rs564.62 crore, the company said.

According to a press note, an order worth Rs239.67 crore was received from Power Grid Corporation for transmission project in the North Eastern Region while another order worth Rs 119.94 crore is meant for work in Orissa.

The building division of the company has bagged order for constructing 320 residential apartments from Nagpur Housing and Area Development Board.
Other project bagged by the division include boundary wall works for Pellet Plant Project at Donimalal, Karnataka, awarded by NMDC and installation of Bored Pilling work for a Multi-storyed IT Office Complex in Kolkata among others.

The aggregate value of the orders of Building Division is Rs131.46 crore. While transport division has bagged orders worth Rs73.55 crore, the company said.

On Thursday, IVRCL ended 0.14% up at Rs72.95 on the Bombay Stock Exchange, while the benchmark Sensex declined 1.14% to 18,149.87.

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Venus Remedies spreads its wings in GCC

Venus Remedies has been awarded the company registration from Gulf Cooperation Council

Panchkula-based Venus Remedies Ltd, an existing Eu-GMP certified Pharmaceutical manufacturing company, has been awarded the company registration from GCC (Gulf Cooperation Council). This approval holds significance as such registrations are obtained by the manufacturing facilities which meet world class standards and where quality is of the prime essence.

On the occasion, chairman cum managing director of Venus Remedies Pawan Chaudhary said, "With this prestigious grant Venus Remedies will strengthen its footmark in GCC pharmaceutical market and will enhance its revenues by 10% by 2013."

Venus Remedies is already present in different countries of Middle East with its products in oncology, carbapenem/cephalosprin segment. With this company registration certificate, Venus Remedies now features as the first Indian company having received the GCC approval to market its Oncology & Carbapenem range of products in all the GCC countries comprising of Saudi Arabia, UAE, Kuwait, Qatar, Bahrain, and Oman.

Earlier, Venus was also awarded Saudi Arabia FDA GMP which gave it the opportunity to enter the Saudi Arabian market worth of $ 3.5 billion.

On Thursday, Venus Remedies ended 1.92% down at Rs214.65 on the Bombay Stock Exchange, while the benchmark Sensex declined 1.14% to 18,149.87.

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