In a formal announcement, one of the leading financial services groups of India, Religare Enterprises (REL), confirmed that it has agreed to acquire Lotus India asset management company (Lotus India AMC) from its majority shareholders - Alexandra Fund Management and Sabre Capital.

Informing the Bombay Stock Exchange of the intended proceedings, REL said that its board of directors has approved a proposal to discuss, negotiate and finalize the terms for acquiring 100 per cent or majority equity shareholding of Lotus.

Caraco Pharmaceutical Laboratories, the Detroit-based generic subsidiary of Sun Pharmaceuticals Ltd., has been issued a letter of warning by the US Food and Drug Administration (FDA), and all its future marketing approvals for medicines have been withheld due to some quality-control issues.

This action of the US regulator comes in the wake of certain technical inadequacies identified by it during a May 2008 inspection. The FDA considered some of its observations to be repeat observations, and hence issued the warning letter.

Akhilesh Prasad Singh, Union Minister and Rashtriya Janata Dal MP, allegedly assaulted the station manager of Kingfisher Airlines at Patna Airport on Monday. The incident took place when he was not allowed to board Patna-Kolkata flight, as he reported late at the airport.

Chicago - Lines had formed by midday outside Chicago's Grant Park, where up to a million people are expected to gather to witness Illinois Senator Barack Obama's post-election rally late Tuesday.

Chicago residents Nick Boten, 37, and Scott Larson, 38, joined the line at around 12:30 pm, eight hours before organizers would let them into the park - and they weren't even near the front of the line, which got longer and longer through the course of the afternoon.

Seattle/New York - US airplane manufacturer Boeing again postponed the test flight of its new flagbearer, the 787 Dreamliner, the financial news television channel CNBC reported Tuesday, although Boeing said such a decision had not been made.

After an almost-two-month-long machinists' strike that just ended, the test flight of this long-haul plane will not take place before the end of the year, as Boeing had planned, according to the report.

A Boeing spokesman stressed, however, that there had been no such decision.