Major News and Events of 01 April 2013
What Happened on 01 April 2013
BJP blasts Congress over its comments on Modi and party rejig
India's core industries output dropped by 2.5 percent in February
Red Chillies Entertainment (RCE) looks for a 25 percent growth year on year
Three-film deal between Sony Music and Balaji Motion Pictures
Sony to launch an affordable 5 inch phone?
The Supreme Court on Monday rejected Swiss pharmaceutical chain Novartis AG's petition which sought patent protection for its anti-cancer drug, Glivec (Imatinib mesylate). The apex court bench of Justices Aftab Alam and Ranjana Prakash Desai did not agree to Novartis' plea challenging the Intellectual Property Appellate Board's decision which rejected the plea for patent of the drug used in the treatment of chronic myeloid leukaemia and malignant gastrointestinal stromal tumours. Novartis AG stated that it is the inventor of the beta crystalline form of Imatinib mesylate. Justice Alam specifed that the claim was "beyond the realm of patents". He further added, "In whatever way Section 3(d) of the Indian Patent Act is interpreted, Novartis cannot claim that it is a patent. It fails the test of patentability." Upholding Section 3 (d), the court stated that the amended portion of this section is reserved only for genuine inventions. The patent right for the drug to Novartis in 2006 was rejected by the Chennai-based Intellectual Property Appellate Board. The legal tussle for the patent of the blood cancer drug is closely monitored by international pharmaceutical firms. Novartis has been engaged in a prolonged legal case for the patent of Glivec, a cost effective drug. If it won such a patent Indian firms would have been barred from manufacturing generic drugs.
The BJP on Monday charged the Congress for its comments over inducting Gujarat Chief Minister Narendra Modi into the party's parliamentary board. BJP stated that the Congress was "frustrated" as it has realized it was going to lose in the 2014 general elections.Congress leader Kapil Sibal on Sunday had said that Modi's induction to the party's parliamentary board would present a challenge to his own party. Sibal also queried about the inclusion of Modi's confidant Amit Shah as the BJP's general secretary. BJP specified that people have lost faith in the Congress and they knew that the BJP that it will meet their expectations. In fact it was also stated that the Congress had "cheated" the common people.Modi was reinducted in the BJP's parliamentary board on Sunday after an interval of six years. Amit Shah and MP Varun Gandhi were also inducted in the highest decision-making body of the party.
Production in India's eight core industries including power, coal, steel, cement, crude oil and natural gas slumped 2.5 percent in February, giving a jolt to the hope of a revival in overall factory output. The core industries, which have a combined share of 37.90 percent in the Index of Industrial Production (IIP), recorded a growth of 7.7 percent in February last year. The cumulative growth of core industries in the April-February period of 2012-13 dipped to 2.6 percent as compared to 5.2 percent registered during the same period of previous year. This was due to negative growth witnessed in electricity generation and in the production of crude oil, coal, natural gas and fertilizer and the biggest disappointment factor was from the petroleum and coal sectors. Natural gas output dipped by 20.1 percent in February year-on-year and crude output slumped by 4 percent. Coal production declined by 8 percent, while fertilizers output slumped by 4 percent and electricity output dipped by 4.1 percent during the month under review. Cement production increased by 3.9 percent and steel output rose by a mere 0.5 percent while the petroleum refinery products increased by 4.3 percent in February.
Shah Rukh Khan’s Red Chillies Entertainment (RCE) that broke even last year is looking for a 25 percent growth year on year. The company’s chief executive officer Venky Mysore stated that the company broke even in March last year. Mysore, however did not comment about the revenue of the company.Founded by Shah Rukh Khan in 2004, the RCE is a movie production and distribution company and also has more than 50 percent stake in the IPL franchise Kolkata Knight Riders (KKR). The company stated that Speciality Restaurants Limited would be its hospitality partner for the 2013 Indian Premier League Season. Mysore also informed that almost all the tickets have been sold out for Wednesday's season opener between KKR and the Delhi Daredevils at the Eden Gardens here and sale is good for the rest of the matches.
Science and Technology
Sony is aiming to capture lost market share in the smartphone space and is looking at launching an affordable 5-inch phone.There is no information on this entry level 5-inch smartphone but it is expected to release in the third quarter of 2013. The 5-inch smartphone will be powered by a MediaTek quad-core processor manufactured by Arima.Sony had recently released Xperia E and Xperia E dual in the Indian market. Then the company is also offering Xperia tipo and Xperia tipo dual in Rs. 10,000 category.The new device will make Sony’s position strong in the entry level category. And if it is priced below Rs. 20,000, with a decent set of specifications, then it can compete with the local handset makers such as Micromax, Karbonn, Spice and Xolo.
Sony Music Entertainment has inked a three-film deal with Balaji Motion Pictures for the upcoming projects like "Shootout At Wadala", "Ek Thi Daayan" and "Kuku Mathur Ki Jhand Ho Gayi". The music albums of the three films will release soon. They had earlier collaborated on "Shor In The City". "Ek Thi Daayan" is a supernatural thriller, and the lyrics for the songs are written by Gulzar. It has Emraan Hashmi, Konkona Sen Sharma, Huma Qureshi and Kalki Koechlin in the cast and will release on April 18. The movie is co-produced by Ekta Kapoor and Vishal Bhardwaj. "Shootout At Wadala" has six tracks and four remixes. The movie features John Abraham, Anil Kapoor, Tusshar Kapoor, Ronit Roy and Mahesh Manjarekar and is directed by Sanjay Gupta, it will hit theaters on May 1. "Kuku Mathur Ki Jhand Ho Gayi" is a Delhi-based comedy and is co-produced by Balaji Motion Pictures and Bejoy Nambiar and will be seen on screens in September.