The UK Takeover Panel has initiated discussions with the two suitors for Anglo-Dutch steelmaker Corus Group -- Tata Steel and CSN of Brazil -- to lay down the process for selecting the winner.
The West Bengal government is going all out to woo investors and cross-subsidisation using proceeds from sale of land is the new mantra.
Nimbus Communications filed a petition in the Delhi high court on Monday challenging the government's uplinking guidelines that directs private channels to share live sports feed of all cricket matches held in India with national broadcaster DD.
Finance Minister P Chidambaram has announced that the government will soon notify an interim investment pattern for pension funds, pending the passage of the Pension Fund Regulatory and Development Authority Bill in Parliament.
Under current laws, banks are required to maintain at least 25 per cent of the deposits under SLR by investing in government securities, which no longer provide attractive returns.
The governments of Orissa, Jharkhand, Chhattisgrah and West Bengal are trying to keep the land losers happy.
Over 1,00,000 acres will be taken over by the Chhattisgarh, Jharkhand, Orissa and West Bengal governments or government agencies
A proposed Rs 9,000 crore (Rs 90 billion) greenfield modernisation and expansion programme is expected to give a fresh lease of life to Iisco Steel Plant, a unit of Steel Authority of India.
Public sector banks want to pass on the increasing cost of funds to borrowers across the board, but are unwilling to take the plunge right away.
Ambani to up ante by $3 bn on Ruia's hint at larger premium.
The panel may also decide on a sealed process where bidders' offers are final, or a standard auction held over a period of days.
Mumbai-based Wadia group and French food major Groupe Danone are currently fighting it out in the Bombay high court with the next hearing scheduled for January 10, 2006.
With Indo-US bonhomie at its best, the US is all set to grant entry visas to a record number of Indians in the months to come.
Even as Tata Steel mulls over its next move in the race for Corus Group, its rival suitor Companhia Siderurgica Nacional
Chidambaram to meet Congress Parliamentary Party today.
Interest rates are seen remaining stable in the short term. Chairmen of State Bank of India, the country's largest bank, and Industrial Development Bank of India said they saw no pressure to raise interest rates for now.
In a move to make India one of its global strategic centres, US-based computer network equipment major Cisco Systems
The Bombay high court on Tuesday restrained French dairy major Groupe Danone from selling the shares of Avesthagen, a Bangalore-based bionutritional company.
Pension trustees of Corus Group have hired Penfida Partners to weigh the proposals placed by Tata Steel and CSN to acquire the Anglo-Dutch steelmaker.
Torrent Pharma, the pharmaceuticals major, has entered into a pact with Dr Reddy's Laboratories for exclusive commercialisation of two of its brands in Russia.
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