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Coastal fight looms for Indian ships

Indian shipping lines will have to face competition from foreign-flagged vessels with the government dropping the long-standing proposal to impose…

Control key to FDI policy change

The government is set to make key changes in FDI policy to remove certain inconsistencies and complexities that force investors…

Western India now ABG Group company

ABG Shipyard-promoted Western India Shipyard on Tuesday said the former holds 60.26% stake in the company, up from 19.69% earlier.

Sudhir Vasudeva to head ONGC

Sudhir Vasudeva, 56, has been selected by the Public Enterprises Selection Board to succeed RS Sharma as the chairman of…

CIL offer subscribed 1.71 times on Day 2

Buoyed by some big-ticket applications by foreign institutional investors, the Coal India initial public offering got subscribed over 1.7 times…

Panel chief raises hope for Posco

The Meena Gupta committee report may have cheered anti-Posco groups in Orissa, but the personal letter written by its chairperson…

Rallis announces 90% dividend

Rallis India said it has decided to pay an interim dividend of 90%, or Rs 9 per share, to shareholders.…

IT stocks drag Sensex below 20,000

The Bombay Stock Exchange Sensex fell to the lowest level in three weeks, led by software exporters, after IBM reported…

US firm Celgene takes Natco to court

US-based Celgene Corporation has filed a lawsuit against Hyderabad-based Natco Pharma in connection with the latter?s filing of an abbreviated…

Reliance Digicom to start ops by Dec

Reliance Digicom, the standalone entity planned by the Reliance Anil Dhirubhai Ambani Group for offering direct-to-home, IPTV, broadband and cable…

Aegis buys BPO firm in Argentina

Aegis, the BPO arm of the $15-billion Essar Group, on Tuesday said it has acquired BPO company Actionline in Argentina,…

Cadila Healthcare profit up 29.5%

Cadila Healthcare on Tuesday said its consolidated net profit rose by 29.49% to Rs 170.8 crore for the second quarter…

CBI files chargesheet against Hiranandanis

The CBI has filed a 45,000-page chargesheet against two Hiranandani Group directors?Niranjan and Surendra Hiranandani?who allegedly conspired and siphoned away…