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Gail GDR fetches Rs 70 a share on low demand

The Gas Authority of India Limited's (Gail) global depository receipts (GDR) issue is being wound up at 155 million shares, out of the 170 million that hit the road on October 23.

FIIs go for reverse swing; plough in Rs 305 cr in 3 days

Foreign institutional investors surprised the markets by pumping in Rs 179 crore on Wednesday, the day when the BSE Sensex dipped by 35 points.

Cabinet clears IT bill

The Union cabinet on Wednesday cleared the much-awaited Information Technology Bill to provide a legal framework for electronic communication, trade and commerce and prevent computer crimes.

HLL, Britannia shortlisted for Modern Foods

The committee set up by the Government to finalise a strategic partner for Modern Foods has shortlisted four bidders - Hindustan Lever, Britannia, Evergreen, and Nestle.

Warner-Lambert, AHP merge to form drug giant

Once again, the world's giant pharmaceuticals makers have caught the merger virus. American Home Products Co. and Warner-Lambert Co. announced a $72 billion blockbuster Thursday, the latest megamerger to hit the industry.

Combine's local ranking to jump to number 4

The mega merger of American Home Products (AHP) and Warner-Lambert (WL) is expected to catapult the combine's ranking to around four in the Indian pharmaceutical market, way ahead of their current positions.