The government plans to spend about Rs 342 crore (Rs 3.42 billion) to bring back on track Indian Drugs and Pharmaceuticals Ltd and Hindustan Antibiotics Ltd.
The Competition Commission of India (CCI) on Tuesday said it has approved Reliance Retail Venture's acquisition of German firm Metro AG's wholesale operations in India. Reliance Retail Ventures Ltd (RRVL) is a subsidiary of Reliance Industries Ltd (RIL) while Metro Cash & Carry India is engaged in the wholesale operations in India. In December last year, it was announced that RRVL had signed definitive agreements to acquire a 100 per cent equity stake in the company for a total cash consideration of Rs 2,850 crore.
To sell off L&T IDPL, Nabha Power; transfer Hyderabad Metro to an InvIT.
L&T-Infrastructure Development Projects Limited will divest 21.6 per cent stake to Silver Peak Investments (Mauritius) and an India Development Fund-led consortium for Rs 550 crore.
L&T IDPL, Gammon, IL&FS in race for Rs 21,147-cr Mumbai elevated rail corridor
Dr. K. Anji Reddy, Founder and Chairman of Dr. Reddy's Laboratories, died at a hospital in Hyderabad on Friday. He was 72.
Land resources belonging to ailing companies being pitched to pvt players for new initiatives.
Adani Ports has agreed to acquire DhamraPort in Odisha from Tata Steel and L&T Infrastructure Development Projects (L&T IDPL) for about Rs 5,500 crore.
The 30-share Sensex ended up 8 points at 27,508 and the 50-share Nifty closed 1 point higher at 8,284.
Naik is passionate about protecting India's manufacturing sector from the onslaught of Chinese imports.
'A fierce crusader against communalism, George joined hands with majoritarian forces, never to revisit or re-assess his saffron association.' 'He was a Union minister in 1998-2004, a time when people like Graham Staines were lynched in Orissa.' 'On the Gujarat pogrom of 2002, George went on to kind of justify the slashing of pregnant women, by saying in the Lok Sabha that this was nothing new for India.' 'Thus, he was in sharp contrast to what he had himself stood for in the heyday of his political career in the 1970s and 1980s, says Mohammad Sajjad.
Several brokerages lifted their outlooks for the BSE Sensex and companies were queuing to ride the wave of political euphoria
'By not letting bankrupt banks fail, we have discouraged ordinary folk from taking precautions while choosing their bank or at least when they hear bad news about their bank,'says S Muralidharan, former MD, BNP Paribas.
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