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Cipla enhances US push with 2 buys for $550 mn

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.

Cipla stake News

OVL takes 15% stake in Siberian field for $1.25 bn

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.

OVL takes 15% stake in Siberian field for $1.25 bn

Trade liberalisation: Commerce min prefers multilateral pacts

Many of the extant free trade agreements have been skewed in favour of the partner countries

Trade liberalisation: Commerce min prefers multilateral pacts

Maruti Suzuki to seek shareholders’ nod on Gujarat plant soon

Maruti Suzuki expects the minority shareholders' voting on allowing parent Suzuki to own and invest in the Gujarat plant to happen soon.

Maruti Suzuki to seek shareholders’ nod on Gujarat plant soon

Oz court rules in favour of GVK

The Alpha coal mine project was challenged by Conservation group Coast and Country. The group had claimed that the project would adversely affect the groundwater and biodiversity in the region.

Oz court rules in favour of GVK

Zomato partners Paytm for online payment

Paytm, the only wallet partnership that Zomato has, is an addition to its existing payment mechanisms like net banking, credit/debit card and cash on delivery (CoD).

zomato food delivery News

Data Drive: Worry lines crop up as monsoon fails to deliver

With three months (Jun-Sep) out of the four-month monsoon season over—and rainfall at a 12% deficit of the long period average (LPA)—the worry lines are rising for farmers and the government.

monsoon News

Premiums hold steady despite rupee fall

To be sure, the sharp fall of the currency had triggered increase in hedging by importers in the near tenures such as one-month and three-month and forward rates have moved in tandem with the rupee.

Premiums hold steady despite rupee fall

Reserves see biggest weekly fall since May ’13

Decline sharply by $3.4 billion to $351.9 billion in week ended Aug 28

Reserves see biggest weekly fall since May ’13

Vijaya Bank cuts base rate by 15 basis points to 9.85%

Public sector lender Vijaya Bank on Friday announced that it has cut its base rate by 15 basis points to 9.85%.

Vijaya Bank cuts base rate by 15 basis points to 9.85%

Prabhat Dairy IPO manages to sail through

Prabhat Dairy's initial public offering (IPO) managed to sail through on Friday, after the issue was extended by three days and its price band lowered.

Prabhat Dairy IPO manages to sail through

Monsoon begins withdrawal as summer sowing rises 2%

The southwest monsoon began retreating from parts of the northwestern region, the India Meteorological Department (IMD) said on Friday.

Monsoon - India Inc News

Dr Reddy’s recalls seven batches of tablets in US

The US Food and Drug Administration (USFDA) has said these batches were voluntarily recalled by the company.

Dr Reddy’s recalls seven batches of tablets in US

G20: Arun Jaitley to flag currency moves

Arun Jaitley left for Turkey on Thursday to participate in the G20 meeting, being held to review ongoing global economic developments, growth prospects...

Arun jaitley on black money News

CBDT keeps FPI tax proceedings in abeyance

An instruction issued to officers made it clear that FPIs not having a place of business in India are not liable to pay MAT

TAKE Solutions share price, sensex, nifty, nse, bse News

Not exploring CBM, shale gas in TN: ONGC

ONGC clarified that the PSU major was involved in neither the exploration of coal bed methane (CBM) nor shale gas in the state.

ONGC News

SC asks govt about steps on SIT recommendations

Apex court asks govt to inform it by Oct 28; SIT told to submit fourth report on probe progress by Oct 7

indian rupee News

8-8.5% growth possible: President Pranab Mukherjee

President Pranab Mukherjee on Thursday said that India is a bright spot in an otherwise “gloomy global economic scenario”.

8-8.5% growth possible: President Pranab Mukherjee

Zivame raises Rs 250 cr, launches its new app

Zivame has raised Rs 250 crore in Series C round from Zodius Technology Fund and Khazanah Nasional Berhad, the investment fund of the Malaysian government.

Zivame raises Rs 250 cr, launches its new app

Indian auto component makers should maintain quality: Osamu Suzuki

I request you to re-invest profits into same business and do not invest your profits into making hotels, leisure, etc, says Osamu Suzuki

Osamu Suzuki News

Listed companies can seek nod for related party deals through ordinary resolutions: Sebi

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

SEBI News

Wipro teams up with Chelsea after HCL-Man U tie-up

Chelsea Football Club, the reigning champions of the English Premier League, has selected Wipro as its official digital and IT partner.

Chelsea Football Club News

Maggi noodles row: Mumbai Graham Panchayat seeks action against Nestle India

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...

maggi noodles News

Raghuram Rajan’s checklist for last year at helm

In his two years as governor of Reserve Bank of India, Raghuram Rajan has set in motion several sweeping changes in both monetary policy and prudential regulations by spearheading committees...

RBI Raghuram Rajan News

Crisil: Banks’ profit may fall by Rs 20k cr on new base rate math

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

Crisil: Banks’ profit may fall by Rs 20k cr on new base rate math

Mumbai faces largest GDP exposure to terror at $8 bn: Llyod’s

Mumbai has the largest GDP exposure to terrorism on Llyod’s City Risk Index at almost $8 billion. It also has the second highest exposure to power outage with $1.92 billion of the GDP at risk.

mumbai News

Truck rentals fall 6% in August on reduction in diesel price, less cargo

A decline in diesel prices and lack of cargo from the manufacturing sector led to truck rentals falling by as much as 6% in August.

trucks News