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Satyam Infoway ups ADR price to $18; listing today

Satyam Infoway has hiked the price band for its ADR offering to a maximum of $18 per American Depository Receipts (ADR) ahead of its listing on the Nasdaq on Tuesday.

Ministry ready to accept foreign bids for PSU selloff

The finance ministry is open to domestic and international offers to buy out strategic segments of equity in select public sector entities.

Centre to grant more autonomy to state-run units

The government is planning to grant more autonomy to PSUs including the navratna and miniratna companies to make them more independent in their operations.

IT ministry to promote Net, e-commerce

The government notification for setting up the information technology ministry has brought under its ambit `promotion' of Internet and E-commerce in the country.

Crompton Greaves plans to exit from 2 JVs

Crompton Greaves has initiated negotiations with joint venture partners to divest its entire 49 per cent stake each in CG Powerware and CG Schlumberger after it finalised a deal for the sale of stake in CG-Elsag Bailey to ABB.

Dumping blues force firms to sell bulk drugs for song

Cut-throat competition and widespread dumping, allegedly from China, has forced Indian pharmaceutical companies to sell a host of bulk drugs well below government-notified prices--in some cases even below cost.