Shareholders of Lakshmi Vilas Bank
(LVB) are to make a representation to the Reserve Bank on Thursday, seeking that their interests be looked at sympathetically. A legal battle, sources said, cannot be ruled out though a bad precedent was set when shareholders of Global Trust Bank (GTB) got nothing after it was merged with the Oriental Bank of Commerce (OCB) in 2004.
Final results from Pfizer's Covid-19 vaccine trial showed its shot had a 95 per cent success rate and two months of safety data, paving the way for the drugmaker to apply for an emergency US authorisation within days, it said on Wednesday. Pfizer said it expected the US FDA vaccine advisory committee to review and discuss the data in a public meeting that will likely be held in December. Read more...
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