With a view to enhance its presence in the world's largest generics market, Cipla on Friday said it would acquire 100% of generic businesses of two pharmaceutical companies in the US for $550 million in a cash deal.
ONGC Videsh, the overseas arm of state-run ONGC, on Friday announced a plan to pick up a 15% stake in Vankorneft that runs the Vankor oilfield in East Siberia from Russia’s Rosneft for a reported $1.25 billion.
In case of related party transactions, Sebi has now eased the rules for listed companies allowing them to secure a simple majority instead of a three-fourth majority of disinterested shareholders when voting on such transacti
Maggi row: In support of the government's Rs 640-crore class action suit, Mumbai-based consumer organisation Mumbai Graham Panchayat on Thursday moved the National Consumer Disputes Redressal Commission...
Crisil report says for every 25 bps cut in deposit rates, banks could see a decline of R5,000 crore in a year. The adoption of the marginal-cost-of-fund method to calculate base rates will lower lending rates by 50 bps, hitti