Dr Reddy’s Laboratories has made an offer to the shareholders of Netherlands-based OctoPlus, a service-based speciality pharmaceuticals company, to acquire the company for 27.40 mln euros (around INR 192 Crore ) in cash. In a joint...
The Children’s Investment Fund Management (TCI) has sought Rupees 1500 crores as compensation, from state-owned Coal major, Coal India Ltd (CIL) for allegedly under-pricing coal that resulted in huge revenue losses, as per The Financial...
Due to lack of the raw material, Vedanta Aluminium Ltd (VAL) announced a temporary shut down of its refinery at Lanjigarh in Odisha’s Kandhamal district. Highlighting the acute shortage VAL Chief Operating Officer, Mukesh Kumar...
While addressing the Development Committee meeting of the World Bank in Tokyo, Finance Minister P. Chidambaram wants urgent steps at the international level needs to initiate to curtail the diversion of foodgrains for alternative uses....
Cofounder of Software giant Microsoft, Bill Gates have written to a US Judge in support of Rajat Gupta, an ex-Goldman Sachs Director found guilty of Insider Trading, who will be sentenced on October 24 by...
The Supreme Court today agreed to review its 2010 order quashing iron ore and manganese mining leases of JSW Steel Ltd and Kalyani Steels Ltd in the Bellary-Hospet region of Karnataka. The apex court agreed...
A critical look at recent measures announced by government in power sector and its after effect. What more needs to be done and how power saga unfolds. he reformist measures by the government to restructure...
Private Sector banking major, HDFC Bank, has entered into a pact with Indian Oil Corp to provide banking facilities in semi-urban and rural areas through the latter’s rural petrol pump outlets ‘Kisan Seva Kendras‘. “Beginning...
Reliance Power Ltd’s Butibori Thermal Power project will achieve, its full capacity of 600 MW by the year-end, following the “light up” of its boiler for the second unit. The boiler light up for the...
Seeking a stay on the Department of Telecommunications (DOT) show cause notice, Bharti Airtel Ltd moved to Delhi High Court asking the company to stop intra-circle 3G roaming pacts. In its fillings, Bharti has sought...
The Bombay High Court has approved the merger of Satyam Computer Services Ltd with group company Tech Mahindra Ltd, the latter said in a notice to Bombay Stock Exchange. In August, Tech Mahindra Vice-Chairman, Managing...
Board of Gujarat NRE Coke Ltd today has approved the merger of unlisted group firm Bharat NRE Coke Ltd with the Kolkata-based company. The merger will boost Gujarat NRE’s met coke production capacity by 34%....
