Authorities claimed that a share sale by the company to its overseas parent in 2009 was undervalued by about Rs 15,200 crore.
The planned fund could help New Delhi raise between $1 billion and $2 billion.
Supreme Court will give its verdict on April 1 on whether Swiss giant Novartis AG's cancer treatment drug Glivec deserves a patent in the country not it doesn't.
The buyer received poor investor response to the pricing of the share sale.
Authorities are checking deals involving more than three dozen companies.
Since two cases against clinical trials started in SC, govt is overly cautious.
Investors including units of Morgan Stanley and Citigroup have agreed to buy 28.3 million shares of Bharti Infratel at Rs 230 apiece.
Developed by Pune-based Great Software Laboratory Pvt Ltd (GS Lab), this virtual classroom tool "kPoint" is a concept which is fast catching up in the city.
The same development would benefit the progress of the north-east monsoon, also known as the 'reverse monsoon'.
The growing fear among software professionals is of getting infected while travelling to work in buses or cabs. And so, many IT-BPO firms have allowed their people to work from home if it fits their job profile. Some are planning to hire laptops to encourage employees to stay at home and work.
Rain in the June-September season will be 87 per cent of the long-period average, compared with 93 per cent forecast in June, Ajit Tyagi, director general at India Meteorological Department said. Rainfall could be 4 per cent more or less than the estimate, he said.
Veteran weather forecaster Dr A B Mazumdar says, "The forecast is made with the help of certain systems and models. But it remains a forecast and hence can go wrong sometimes."
Around 160 women, a mix of housewives from middle-class families and slum-dwellers, inaugurated a polythene bag unit called Swamini Mahila Bachat Gat Akhil Sangh Ltd.
Big Animation has selected the most popular characters and stories from the famous magazine Chandamama, which would be launched as a TV serial spanning over a minimum of 25 episodes to begin with. Speaking to Business Standard, Big Animation CEO Ashish SK said, "The project will be handled over a period of three years.
Workers at Garware Nylons Ltd, who lost their jobs when the company went bankrupt in 1996, today own the plant at Ahmednagar. The Bombay High Court had recently passed an order directing an auction of GNL's Ahmednagar premises to resolve the settlement issues. Sensing an opportunity, a voluntary group from Pune, the Common People's Front, united 210 workers and decided to bid for the premises at the auction.
Cost pressures are forcing IT majors like Infosys Technologies, Tech Mahindra and Tata Consultancy Services to opt for public transport buses that come at cheaper rates and have a better reach in the city. This leads to cost cutting as compared to cabs and private bus services.
Following stringent cost-cutting measures by business process outsourcing units and IT firms across the country, the business of call centre cab owners has dwindled by anywhere between 5 and 40 per cent.
Though it's over 24 hours since the founder-chairman of Satyam Computer Services, B Ramlinga Raju, resigned after making shocking revelations, its employees (known as associates) are yet to come to terms with the reality.
On Wednesday, the employees of Satyam lost close to Rs 221 crore (Rs 2.21 billion) after investors dumped the stock. At the end of the September quarter, Satyam employees were holding 5.9 million employee stock options. The unfortunate drubbing of the Satyam stock has raised serious questions about the attractiveness of the stocks held by the employees, which may be affected by any 'uncalled for' action by the company.
More than 150,000 people working at the 5,500-odd auto ancillary units in and around Pune feel lost every time Tata Motors announces a block-closure of its commercial vehicle plant in Pune.
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