British consumer goods major Reckitt Benckiser, which bought over local start-up Paras Pharmaceuticals for a staggering Rs 3,260 crore (Rs 32.6 billion) last year, is converting its acquired Baddi plant in Himachal Pradesh into a global hub for manufacturing over-the-counter (OTC) pharmaceutical products.
Airports authority demands Leela fork out 7.5% of gross turnover of Mumbai hotel as royalty.
India had threatened to stop Swiss, which, as the designated airline of that country, 'violated' a vital clause called the substantial ownership and effective control, mandated under the bilateral air services agreement between the two countries.
The new telecom policy-2011 is also expected to come out with new norms for mergers and acquisitions, enhancing rural coverage, and spectrum allocation, among other things.
This means the regulator can bring rates under regulation once again. Currently, the rates are determined by market forces.
New policy to give greater flexibility to foreign players.
ITC operates only in the sugar confectionery arena, which limits its size of business.
Considers bidding for Barcelona, Madrid airports; may rope in local partner.
Emerging consensus is that all state capitals be covered.
The Department of Telecommunications (DoT) has proposed to simplify the country's telecom landscape. It has suggested one tariff for each licence holder across the country, all-India mobile number portability and doing away with roaming charges.
In what will be the largest media deal in India, Multi-Screen Media (MSM), which runs Sony Television in India, is set to buy Ramoji Rao-owned Eenadu TV's (ETV's) bouquet of 11 regional channels.
Cable and DTH companies cannot hold more than 20 per cent stake in each other.
After eight years of joint operations in news television, the relationship between Rupert Murdoch-controlled STAR Group and Ananda Bazar Patrika (ABP) TV has run into rough weather.
Ashok Chand Burman, the 82-year-old patriarch of the family and chairman of fast moving consumer goods (FMCG) major Dabur Ltd, died on Saturday while on vacation in London, He was instrumental in fundamentally transforming a mid-rung ayurveda company firm into a FMCG major.
The long battle between ITC and its one-time trading partner, the Chitalias, has shifted to India. ITC has filed a suit in the Indian courts to recover assets it says the two brothers have in the country.
The website will now be repositioned as an e-commerce portal such as eBay.
The company is looking to triple its FMCG turnover from Rs 5,000 crore (Rs 50 billion) to Rs 15,000 crore (Rs 150 billion) in the next five years.
The loans are backed by a government guarantee.
The government has till now injected Rs 2,000-crore (Rs 20-billion) fresh equity into the airline.
The average revenue per user (ARPU) of the country's four new GSM operators who got licences in 2008 - Uninor, S-Tel, Videocon and Etisalat DB - was between Rs 8.50 and Rs 39 in the January-March quarter.
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