Morning Business News Round up_October 20, 2015

Morning Business News :

  • S&P Retains India’s Rating At BBB-, Rules Out Upgrade
  • Govt Hikes Import Duty On Wheat To 25% From 10%
  • Govt To Import 3k Tonnes Of Pulses To Contain Prices
  • Dot May Conduct Audit Of Telcos From 2008 Onwards
  • R Rajan Slams IMF For ‘Applauding’ Easy Money Policies
  • Care Ratings Lowers India’s GDP Forecast To 7.5-7.6% In FY16
  • Tata Comm Eyes Acquisitions To Improve Product
  • Walmart Paid Millions In Bribes In India: WSJ

  • RBI To Provide More Bank Licences, Says Mundra
  • Maggi Manufacture, Sale Allowed In Karnataka
  • Power Ministry Proposes Compensation At 85% Of Land Value For Tower Base Area
  • Indigo To Retire Rs 1,166 Cr Debt From IPO Proceeds
  • Infosys To Acquire US-Based Noah Consulting For $70 Mn
  • Telangana Government, Cement Firms In Talks Over Supply Pricing
  • Gujarat Lifts Ban On Sale Of Maggi
  • PFRDA To Seek Tax Exemption For NPS At Withdrawal Stage
  • HCL Technologies Q1 Net Profit Dips 2.7% To Rs. 1,823 Cr
  • L&T Supplies First Parts Of Cryostat For ITER Facility
  • Reliance Jio Likely To Delay Its December Pan-India Launch
  • Indigo IPO To Hit The Market On 27 October
  • Square Yards Acquires Creative Design Studio Oryden Tech Labs
  • Morgan Stanley Profit Plunges 42% As Trading Revenue Slumps
  • PNB Housing Finance Plans Rs2,500 Crore IPO
  • Sensex Gains For Third Day, Nifty Closes At 8,275; Reliance Industries Surges 5.5%
  • Ultratech Q2 Net Up 3%, Expects Demand To Pick In H2 FY16
  • Middle East Set To Become World Leader In Internet Devices
  • Coal Imports Decline By 27% To 12.6 Million Tonnes In September
  • Options Get Boost As Stakes Increase In Derivatives
  • REC Plans To Garner Rs 700 Cr Via Tax-Free Bonds
  • India At Rock Bottom In Global Pension Index
  • Pimco Assets Stabilize A Year After Bill Gross’s Surprise Exit
  • IBM Revenue Missed Even The Most Pessimistic Estimates

 

Morning Business News Round up_October 16, 2015

Morning Business News :

  • Anil And Mukesh Ambani Bond Over Airwaves
  • Govt Plans Ways To Share Free Data With Public
  • RBI To Take Stock Of Banks’ Asset Quality: Rajan
  • Global Economic Slowdown In Real Danger Of Persisting
  • No Significant Improvement In Call Drop Issue: Trai

03_TRAI

  • September Trade Deficit Drops To $10.5 Billion; Exports Decline By 24.33%
  • Alibaba Gets CCI Nod For Acquiring 4.14% Of Snapdeal

  • Malaysia Pitches $30 Bn For Townships And Housing
  • Focus On Nine More Banks Over Money Laundering Issue
  • Sahara Owns Much More Than Grosvenor House
  • Forex Scam: 7 More Banks Under ED Scanner; 1 Arrested
  • Oil Companies Increase Diesel Prices By 95 Paise/ Litre
  • Finmin Open To A Vodafone Compromise Offer
  • Aurobindo Pharma Gets USFDA Nod For Alzheimer’s Treatment Drug
  • Sebi Moves SC Against DLF’s Plan To Raise Money
  • Adani’s $7-B Australian Coal Project Gets Green Light, Again
  • Coal Ministry Asks States To Expedite Clearances For Auctioned Mines
  • Don’t Dilute ‘Fit & Proper’ Norm For Stock Exchanges: Experts
  • Regulator Orders Encashing 25% Of GAIL’s Bank Guarantee
  • Textile Sector Urges Govt To Take Steps To Boost Exports
  • Business Optimism Index For Q4 Down 4.1%: D&B Report
  • L&T To List Five Road Assets Via Infra Investment Trust
  • Coffee Day Parent IPO Subscribed 73% On Day 2
  • Hathway Cable To Demerge Broadband Business
  • Mindtree’s Q2 Profit Rises 14.5% To Rs158.2 Crore
  • China Telecom Industry Restructure Pushes China Mobile Up
  • New Rules To Boost India Shipping Fleet; May Dent Foreign Shippers: Report
  • China’s Sany Group To Invest $3 Billion In Renewable Energy Sector In India
  • Indian Railways To Buy Electricity At Rs 3.69 Per Unit From Adani Power
  • RBI Expected To Cut Rates Just Once In Next 18 Months: Poll
  • Welspun India Forays Into E-Commerce With Online Store
  • WPI Deflation Bottoming Out; To Turn Positive From Q1 2016: Nomura
  • Investors See 30% Jump In Their MF Assets In One Year
  • Venture Capitalists Make Highest Investments In 2015
  • Rs 2,000 Cr Fund To Push Financial Inclusion
  • Finmin Denies Attempt To Stall FTIL, NSEL Merger
  • LIC Housing Fin Sep Net Profit Climbs 21% To Rs 412 Crore
  • Karur Vysya Bank Q2 Profit Surges 57% To Rs 142 Cr

Morning Business News Round up_October 09, 2015

Morning Business News :

  • Us Fed Worries About China Slowdown, Strong Dollar: Minutes
  • Accenture Plans To Hire Nearly 100,000 In Fy16, Spend $1 Bn On Acquisitions
  • ‘Ongc’s Natural Gas May Have Gone Into Ril Fields’
  • Fund Houses Of Rel, Hdfc In Race For Goldman’s Mf Biz
  • Imf Chief Lagarde Sees Tough Policy Trade-Offs
  • Us Jobless Claims Fall To Near A 42-Year Low
  • Digital Tie-Up Failure Puts Cos At $1.5 Tn Growth Risk
  • Govt Gives Tax Sops On Molasses To Boost Ethanol Production
  • Rbi Liberalises Norms For Booking Of Forward Contracts

  • India Pushes For Greater Trade With Latin America
  • RBI Revises Risk Weight, Loan To Value Ratio Norms Home Loans
  • Cipla Ties Up With Serum Institute To Supply Vaccines In South Africa
  • Off-Grid Wind Power Projects To Face Financing Issues: India Ratings
  • Care Assigns Investment Grade Bbb- Rating To Suzlon
  • Tata Teleservices Pins Its Hope On Viom Stake Sale
  • Government In Fta Talks With Peru
  • Vodafone Gets Reprieve From Hc In Transfer Pricing Case
  • Moody’s Assigns Lowest Investment Grade Rating To M&M
  • Green Panel Nod For Import Of Coal With Higher Ash Content
  • Era Of Tax Avoidance Over For Corporates: Cbdt Chief
  • Police Raid Vw Hq, Us Chief Admits Knew Of Problem In 2014
  • BSE Penalises 370 Firms For Not Getting Women On Board
  • Urban Mfi Borrowers Outstrip Rural Counterparts
  • GMR Likely To Charge User Development Fee At Hyderabad Airport
  • Volkswagen India To Recall 389 Polo Cars
  • DLF Promoters To Sell 40% Stake In Rental Arm
  • TVS Logistics Buys Majority Stake In Australia’s Transtar
  • Most Major Economies Weakening, But India’s Growth Firming Up: Oecd
  • Home Buyers Can Now Get More Loan For Property Up To Rs 30 Lakh: Rbi
  • India Not Even Close Where China Was 5 Yrs Ago: Chinese Daily
  • 14 Indian Families In Forbes’ 50 Richest Families In Asia; Ambanis On 3rd
  • Maggi Ban: Nestle Questions Ncdrc’s Jurisdiction To Try Suit
  • India Needs Bold Reforms To Achieve True Potential: Hsbc
  • PE Funding In Realty Expected To Touch $10b This Fiscal
  • Payment Of $700m To Iran Won’t Impact Currency Market: Rbi
  • Depreciating Rupee, Appreciating Nri Realty Market
  • MRPL Plans To Set Up Lng Terminal At Mangalore Port
  • Reliance Infra To Sell Cement Business To Cut Debt

Morning Business News Round up_October 08, 2015

Morning Business News :

  • Govt Plans To Seek Special Dividend From Top Psus To Meet Tax Deficit
  • ‘China Faces Unprecedented Eco Policy Challenge’
  • Moody’s Maintains US Credit Rating And Stable Outlook
  • US Dollar Is Own Worst Enemy, Says London Hedge Fund
  • Tea Board Enforcing PPC To Check Excess Use Of Chemicals
  • RBI To Be Payment Aggregator For GST
  • Sebi Steers Clear Of Fresh Probe In NSEL Scam
  • Redington To Acquire Turkey Based Linkplus
  • SC Refuses To Modify Order Restricting Use Of Aadhaar Cards
  • Govt Should Allow FDI In Multi-Brand Through PPP: Assocham
  • Insurance Regulator May Allow Long Term Products In Health
  • Mercedes-Benz India Sales Up 34% In Jan-Sep Period

  • India’s Solar Installations Set To Quadruple In Two Years
  • Tesco Shows Signs Of Recovery After Profit Collapse
  • BSE To Conduct PAN-Based Self-Trade Prevention Checks From Oct 12
  • Indian Pharma Sector Likely To Achieve $55 Bn Turnover By 2020
  • Additional Spectrum: Court To Pass Order On Charge On Oct 15
  • Tata Steel UK’s Deficit In Pension Scheme Stands At $138 M
  • IMF Warns Emerging Markets Of Risk From External Shocks
  • Maharashtra Govt Orders Lavasa To Return 191 Acres Of Land To Tribals
  • ONGC Boosts Spending As Exploration Costs Likely To Drop
  • Volkswagen Halts Sale Of Polo Models In India
  • 75% Of Jaypee Group’s Debt Has Default Rating
  • ArcelorMittal Exits Algeria By Handing Over Stakes To Govt
  • Sensex Jumps 103 Points Up On Global Cues, Strong Rupee, Nifty Settles At 8,177;
  • Air India To Raise Rs 700-Cr Bank Loan To Pay For 6 Dreamliners
  • Trucks Entering Delhi To Pay Environmental Tax: NGT
  • PM Narendra Modi’s Make-In-India Plan Could Hurt IAF
  • HC Restrains Glenmark From Business Of Anti-Diabetes Drugs
  • ONGC, Cairn Seek Relief From High Crude Tax
  • Punj Lloyd Enters Transmission, Distribution Segment
  • Jubilant Life Gets USFDA Nod For Indomethacin Capsules

Morning Business News Round up_October 05, 2015

Morning Business News :

  • ONGC To Seek Govt Help For $6-Bn KG Project
  • Adani To Buy Welspun’s 2 Ready-To-Build Power Plants
  • State Bank Of India To Charge Up To 10% For Home Loans
  • Cabinet To Consider Rs 4.3 Lakh-Crore Loan Recast Of Discoms
  • India Pledges To Increase Use Of Non-Fossil Fuels
  • Indiabulls’s $1 Billion Issue Gets Shareholders’ Nod
  • Center To Invite Bids For National Agri Market Platform
  • Volkswagen India Sales Down After 7 Months Of Growth
  • Lower Costs, Be Vigilant Of Risky Assets, Sebi Tells Amcs
  • NMDC Slashes Iron Ore Rates By Over 50%; More Revision Likely
  • New Gas Price Will Discourage Exploration: S&P
  • RBI Likely To Go For Final 25 Bps Rate Cut In Feb: Bofa-ML
  • NTPC May Sell Power To B’desh From Upcoming Assam Plant
  • Transmission Of Interest Rates Cut Will Help Pick-Up In Consumption Demand
  • Govt To Make PAN Card Must For Cash Transactions Beyond A Limit
  • NSE To Launch Self-Trade Prevention System From Oct 12

  • Lack Of Capital Affecting First Generation Entrepreneurs: SIDBI
  • Switzerland To Publish 1st List Of Unclaimed Accounts In December
  • Indian Banks Forced To Inject Funds Into UK Subsidiaries: Report
  • HDFC Raises More Than Rs.10,000 Cr Through Issuance Of Securities
  • Maruti Board Approves Pact With Suzuki Arm For Gujarat Plant
  • Adani Ports Signs Pact With L&T Shipbuilding To Evaluate Kattupalli Port
  • DLF Board To Meet On 8 October To Prepare Road Map For Rental Business
  • Pending Tax Issues Will Be Referred To Shah Panel: CEA Arvind Subramanian
  • Tata Steel Invests Rs 22K Crore In Odisha Project; To Start Operation Soon
  • SC To Examine Essar’s Plea Against Rs 2,300-Cr Fine By DGVCL
  • Regulatory Environment Key Risk For India’s Airport Sector: S&P
  • Wary Of Risks, GAIL To Take 10 Pct Stake In TAPI Pipeline

Morning Business News Round up_September 24, 2015

Morning Business News :

  • CIL May Revise Rs 60K-Cr Capex: Coal India Chief
  • China, Europe & US Data Show Bleak Growth Outlook
  • Record Response To NTPC’s Tax-Free Bonds At Rs 4,400 Crore Subscription
  • Need To Infuse More Capital Into Arcs : Ind-Ra
  • Fitch Threatens To Downgrade Volkswagen Over Pollution Scandal
  • No Progress For Business In China Without Reform, Says Xi
  • RBI Eases Overseas Borrowing Rules For Domestic Companies
  • L&T To Sell Assets, Dilute Stake In Non-Core Businesses
  • Small Banks In Rs 4,000-Cr Fix To Raise Domestic Funds
  • Rural Electrification Corp To Extend Rs 9K Cr Loan To Andhra
  • Iran Has Offered Natural Gas To India At $2.95 Per Unit For Urea Plant, Says Gadkari
  • Flipkart Confirms Valuation At $15.2 Billion

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  • Rating Slashed To Default For GMR’s Road Project
  • IEX Stake: Financial Tech To Shed More To Five Buyers
  • Sterlite Technologies Acquires Elitecore Technologies
  • No Need For Regulating Algo Now: Jhunjhunwala
  • CCI To Conduct Survey On Healthcare Sector
  • Pfizer To Sell Vintage Thane Plant To Vidhi Research For Rs. 178 Crore
  • Nestle Signs Deal With Biotech Firm To Develop Alzheimer’s Test
  • India’s Spending On IT May Rise Over 5% To $6.88 Bn This Year: Gartner
  • Govt Panel Finds No Evidence Of Data Manipulation At GVK Biosciences
  • Lenders Take Over Visa Steel Under SDR Rules
  • Etihad To Buy Bonds To Help Jet Airways Recast Debt
  • L&T Opts Out Of GAIL Tender To Build LNG Carriers Locally
  • Apollo International, Lycos Form E-Commerce JV
  • Sensex Closes 171 Points Up On Value Buying, Nifty Settles At 7,846
  • China’s Pain Can’t Be India’s Gain: Chinese Media
  • Monsoon Deficiency Has Dropped By 3 Per Cent:
  • Pharma Companies Growth May Remain Moderate In Q2
  • Ajanta Pharma To Replace Aditya Birla Nuvo On Nifty Midcap 50
  • TRAI To Firm Up Position On Net Neutrality Soon major Stock/Sector News In Focus
  • Credit Agricole Now Sees RBI 25 Bps Rate Cut In Sept.
  • Monsoon Rainfall 12% Below Normal Since June 1
  • German Chancellor Angela Merkel To Visit India Next Week
  • Aban Offshore Plans To Shed Debt By 10 Percent Every Year
  • C&C Constructions Wins $141.3m Oman Road Contract
  • Elder Pharma To Consider Sale Of Overseas Subsidiaries Sept. 28
  • Gammon Infra To Seek Shareholders Approval For Divestment In Units
  • Hinduja Ventures Enters Business Of Set-Top Box Distribution
  • Kanpur Plastipack To Set Up Greenfield Project For 619.1m Rupees
  • Manappuram Finance Settles Trading Irregularity Investigation W/ Sebi
  • NDTV Court Stays Tax Dept Order W/ Conditions

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  • Orient Green Power Raises Rs 250 Crore Through Preferential Issue To Promoters
  • Pantaloons Fashions Court Allows Using ‘Urban Eagle’ Brand
  • Power Grid Approves 1.33b-Rupee North Eastern Investment Plan
  • Rcom Set To Exit From Tower Business
  • Shriram Transport Had 7.5b Rupees Of Bonds Change Hands
  • Vedanta Cut 4,000 Jobs Since Jan.
  • L&T Plans Township In Bengaluru To Monetise Land Parcel

Morning Business News Round up_September 16, 2015

Morning Business News :

  • RBI Base Rate Calculation Norms May Help Monetary Policy: ICRA
  • Govt To Pump Rs 70,000 Cr In Replacing Old Power Units
  • 9 Biggest Banks To Form Blockchain Partnership
  • Advance Tax From Steel, Banking Sectors Registers Fall
  • Trade Data: Exports Fall 20.7 Per Cent Y/Y In August
  • Fed Meets, Decision On Rate Hike Seems Like A Toss-Up
  • SFIO Probes Fund Diversions By Kingfisher Airlines
  • Tata Front Runner For GE Capital’s Stake In SBI Cards
  • China Falls Drag World Stocks Back Into Red
  • India’s FX Reserves Loss In August Fourth Highest Among Ems
  • Everstone Closes Its Third Private Equity Fund At $730 Million
  • Suvidhaa Acquires Mobile Pos Platform Aasaanpay
  • ONGC To Complete 12 Projects Worth Rs 13K Cr By May 2016
  • Orchid Pharma To Convert Rupee Term Loans To Foreign Currency Loans
  • To Check Bad Loans, RBI For Cap On Lenders In A Consortium
  • Industry Body Urges Centre To Re-Define Msmes
  • Fertiliser Cos See Good Sales Growth In Kharif Season
  • Corporate Agents Can Now Sell Policies Of Up To 3 Insurers
  • Modi Asks Sri Lankan PM To Support Indian Investments In Infra, Energy
  • Biocon Opens New Facility To Make Insulin Devices In India
  • Npas Grew Faster Than Bank Credit During 2011-15: RBI
  • Infosys To Announce Q2 Results On 12 October

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  • Sebi Asks Mfs To Explain Corporate Bond Investments
  • IDFC Alternatives To Buy Operational Road Projects
  • Finance Ministry Falls Short On Promised Contribution To EPS
  • India Acquiring Energy Assets Through The Oil Price Roller Coaster
  • Sensex Ends 151 Pts Down On Caution Ahead Of US Fed Meet, Nifty Settles At 7,829
  • Expecting Quick Reforms In India Unrealistic: US Official
  • Reliance Jio Launches Unlimited Free Wi-Fi At Select Places In Mumbai
  • Govt Cuts Import Tariff On Gold, Silver
  • India Home To 1.98 Lakh Millionaires; 11th Largest Globally
  • Govt Looks To Settle `3L Cr Combined Discom Debts
  • Vedanta-Cairn India Merger Gets Go Ahead From Bourses
  • ING Merger Will Boost Kotak Life’s Bancassurance Business
  • IOC To Invest Rs 1.75 Trillion Over 7 Years
  • TAM Acquires Thai Electronics Brand Abaz World
  • Fis Allowed To Invest Through Partly Paid Shares

Morning Business News Round up_September 15, 2015

Morning Business News :

  • India Ready To Face US Fed Rate Hike: Economic Affairs Secretary Shaktikanta Das
  • Cooling Inflation Boosts Expectations For More Rate Cuts
  • Drought To Cut India’s Summer-Sown Corn Output By 15 Per Cent: Industry
  • Texmaco Rail To Acquire 76 Pc Stake In Bright Power
  • Foreign Investors Allowed To Buy Upto 40% In Maruti
  • US Clears Nokia Acquisition Of Alcatel-Lucent
  • RBI Cancels Sahara Financial Corp’s NBFC Registration
  • Govt Imposes 20% Safeguard Duty On Some Steel Products
  • Urea Imports Surge 43% To 3.06 Million Tonnes
  • India’s FX Reserves Loss In August Fourth Highest Among Ems
  • Tata Steel Gopalpur SEZ Validity Extended
  • BALCO Begins Procedure To Shut Down Its Aluminium Rolling Mill
  • L&T Finance Holdings Rise On Stake Sell Buzz
  • India Difficult Place For Business; Reforms Needed: WB
  • PM Takes Stock Of Sick Power Distribution Companies
  • GDP Growth To Exceed 7.5% This Fiscal: Finmin
  • India’s Potential Growth Could Rise To 9% Over Next 5 Yrs:GS
  • Taking Efforts To Ensure Predictable And Fair Tax Regime: FM
  • Nava Bharat Ventures, Tata Steel In Chrome Conversion Pact
  • Kesoram Industries Up On Sale Of Haridwar Tyres Unit
  • Arrival Of Imported Pulses To Begin From Sept. 23
  • 44% Of India Has Received Deficient Rainfall: IMD
  • Dr Reddy’s Inks $198 Million Pact With Hatchtech To Market Head Lice Product

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  • Mahindra Group Launches E-Commerce Platform
  • Blackstone To Sell Three Land Parcels For Rs1,000 Crore
  • Practo Acquires Insta Health For $12 Million
  • Sensex Closes 246 Points Up At 25,857, Nifty Settles At 7,872;
  • India’s Retail Inflation Eases To 3.66% In August
  • RBI To Cut Rates Irrespective Of US Fed Moves: Ind Ra
  • Sebs Wilful Defaulters: Banks Could See Rs 3-4 Lakh Cr Npas
  • Bose Panel Report Has Mutual Funds Sounding Bullish
  • WPI Inflation Plunges To Historic Low Of (-)4.95%
  • Jaitley Exhorts US Cos To Invest More In Infra
  • DRL Enters Into Commercialisation Deal With Hathchtech
  • India To Clear $700m Iran Oil Dues As First Tranche
  • Centre Exploring SPV Mode To Energise Sebs

Morning Business News Round up_September 11, 2015

Morning Business News :

  • Global Economic Turmoil Will Not Hit India: Finance Ministry Panel
  • Spectrum Trading May Curb Excessive Bidding: Fitch
  • Gold Monetisation Scheme: 2% Interest Likely On Gold Deposits
  • Satyam Scam: Sebi Asks Raju Family, Others To Return Rs 1,800 Cr
  • Rbi Purchased $4.6 Billion In The Forward Markets In July
  • Rcom-Sistema Deal May Cost $600 Million Extra
  • Infosys To Be Global Tech Services Partner For Atp
  • Care Downgrades Rs 100 Crore Hindustan Organic Bond To Junk Status
  • Rbi Allows Importers To Raise Trade Credit In Rupee

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  • Ril’s Start-Up Hub Fall 2015 Batch Includes Two Israeli Start-Ups
  • Rbi Intervenes More Through Forwards In Foreign Exchange Market
  • Tata Motors, Total Lubrifiants Sign Pact For Lubricants Supply
  • Vedanta Aluminium Goes On Workforce Reduction, Cost Cuts
  • Lenders Order Special Audit Of Amtek Books
  • Centre May Hold On To Hzl-Balco, Suuti Stakes In Foreseeable Future
  • Canada To Invest Pension Funds In India’s Urban Development
  • Make Govt Auditor Part Of Legislature, Amend Act: Pacs
  • India Keeps Its Fingers Crossed As Superpowers Toss And Turn
  • Tata Steel Begins Coke Production At Kalinganagar Plant
  • G20 Tightens Norms To Check Conflict Of Interest For Fiis
  • Winter Session Could Be Advanced To Pass Gst Bill: Venkaiah Naidu
  • Saudi Aramco To Open Office In India For Crude Sales: Report
  • Delhi Hc Refuses To Interfere In Ongc-Ril Gas Dispute
  • Bpcl To Invest Rs1 Trillion For Its Next Phase Of Growth
  • Sun Pharma Planning To Divest Ireland Plant To Cut Costs
  • Castex Technologies Allots Shares On Fccb Conversion
  • Govt Clears Rs9,000 Crore Teesta Hydropower Project In Green Energy Push
  • Sensex Ends 97 Points Down On Weak Global Cues, Nifty Settles At 7,788
  • Hero Motocorp Plans Manufacturing Units In Mexico, Argentina, Brazil
  • Arvind Panagariya Pitches For Up To 1% Rate Cut By Rbi
  • Domestic Car Sales Rise 6% In August, Bike Sales Drop 9.59%
  • Cairn Energy Set To Go To Icj Against India
  • Raymond Acquires Robot Systems For Rs 28 Crore
  • Inflation To Ease In Aug, July Industrial Output To Be Stable
  • L&T Gets Shareholders’ Nod For Raising About Rs 9,600 Cr
  • Mauritius Utilises India’s Security Concerns To Retain Tax Arrangement
  • Mfs Invest Rs 4,200 Cr In Equities So Far In Sep
  • Indigo’s Profit Up Four-Fold To Rs 1,304 Crore In Fy2015
  • Suven Life Gets Patents For Neurodegenerative Drug