The company is likely to increase buy-back offer from Rs 351 to Rs 425-450. The open offer price is likely to be revised from the earlier Rs 351 to between Rs 425 and Rs 450, as the current share prices of Novartis India are above the present open offer price, the sources added.
Broader markets are outperforming the benchmark indices- BSE Midcap and Smallcap indices are up 0.8%-1%.
Defending champions India started their Asia Cup campaign on a disastrous note, going down 2-3 to arch-rivals Pakistan in a nerve-wrecking rain-marred Pool B match at the Wisma Belia Kuantan Hockey Stadium in Kuantan, Malaysia on Sunday.
Bosch Ltd, a supplier of automotive components to original equipment makers, has reported 69.4 per cent drop in net profit to Rs 49.3 crore for its first quarter ended March 2009, compared with the corresponding quarter last year. Its net sales for the quarter dropped 20.6 per cent to Rs 991.6 crore.
The F 015 luxury sedan concept, with its spacious cabin and lounge-like seating for four, explores new possibilities for self-driving cars that can double as virtual living rooms on wheels.
An astute advertising professional, he took Ogilvy & Mather India to the number one position after coming on board as managing director in 1994
The impact of the global meltdown has forced India's second largest IT bellwether Infosys Technologies to freeze wage hikes and hiring in new fiscal 2009-10.
309 - Number of Test wickets taken by Harbhajan Singh, same as that of West Indian Lance Gibbs. Among the off-spinners only Muttiah Muralitharan (756) has taken more.
The court issued the notice while admitting a Public Interest Litigation filed by former attorney-general Soli Sorabjee.
The cost of water in the Gulf region will outstrip that of oil in the years ahead if its importance was not recognised soon, a top official of the global energy metering services provider said.
German auto major Volkswagen AG is embarking on an auto component sourcing drive from India, which will see the company ordering materials worth one billion euro for its global operations, within the next two years.
Justice M V Muralidharan said that schools must be made to follow it at least once a week either on Monday or Friday.
The first meeting of the key Parliamentary committee on Women's Reservation Bill on Tuesday was a stormy affair with the supporters and opponents of the measure indulging in verbal duels over the contentious issue. The meeting of the Parliamentary Standing Committee on Law and Justice saw clashes between supporters and opponents of the Bill seeking to provide 33 per cent reservation for women in Lok Sabha and state assemblies.
A Bangalore court has directed the police to register a case against former Karnataka chief minister H D Kumaraswamy and probe whether some of his remarks had hurt the religious sentiments of Veerashaiva community.
Germany-based Beiersdorf AG, the maker of Nivea skin creams, is entering the women's fairness cream market in India, almost a year after it began selling fairness cream for men locally in a bid to take on rivals including Hindustan Unilever, L'Oreal and other players.
Alibaba Group Holding Ltd's initial public offering now ranks as the world's biggest in history at $25 billion, after the e-commerce giant and some of its shareholders sold additional shares.
ArcelorMittal has entered into binding agreements to reduce its economic and voting interest in Dillinger Hutte from 51.25 per cent to 33.4 per cent in line with existing governance rights through sale of shares to Struktur-Holding-Stahl GmbH & Co KG aA and Dillinger Hutte Saarstahl AG, a company statement said. Dillinger Hutte enterprise value is estimated to be about $2.6 billion, the statement said.
Mamata said her party will 'paralyse' West Bengal from Monday.
Recession in Japan has worsened after the country's gross domestic product shrank 0.5 per cent in the third quarter, much higher than the earlier estimate of 0.1 per cent.
Indian Premier League commissioner Lalit Modi has confirmed that a player tested positive in the World Anti-Doping Agency 's random dope test, conducted during the inaugural Twenty20 tournament in India.
According to the Auto Component Manufacturers Association, the apex body of component makers in India, global sourcing of components from the country will double from $2.95 billion to $5.9 billion in 2008-09, and is slated to hit $20 billion in seven years.
The Supreme Court on Friday refused to grant urgent hearing to a petition seeking direction to the Election Commission, to derecognise Raj Thackeray's Maharashtra Navanirman Sena, for his controversial remarks against north Indians. A bench headed by Chief Justice K G Balakrishnan said that the petition would be heard on February 22, as fixed by the registry. The petition had been filed by advocate Arvind Shukla.
Anil Dhirubhai AG company Reliance Communications became the first CDMA telecom service provider in India on Monday to launch Blackberry, the push mail smart phone from Canada-based Research in Motion.
The entrepreneur is endlessly curious. He will not give you copybook answers. He is in constant search of all the things he can do better than others, says Bill McDermott.
India will have to request the NSG to relax its restrictions on the transfer of nuclear technology and fuel.
Banaras Hindu University is conducting entrance tests for
DaimlerChrysler plans to buy 26% of the bus body builder Sutlej Motors. The two companies will then jointly manufacture buses for the Indian roads.
India is of major strategic importance to SAP as it is a vibrant market with a sound technology development and services-support delivery. This visit is also to reaffirm their commitment to the Indian sub-continent, a company official said.
The Madras High Court on Monday dismissed a petition filed by Swiss pharmaceutical major Novartis AG, challenging the constitutional validity of the section 3 (d) of the Patents (Amendment) Act 2005.
The Anti-Goonda Squad Police arrested ten people on the charges of betting on the Indian Premier League cricket matches in Delhi and Kolkata on Thursday evening. Police said, following a tip-off, the AGS raided a shop at Govindarajulu Fish Market and made the arrests.
Jammu and Kashmir made it to the quarter-finals of the Ranji Trophy despite suffering a two-wicket defeat at the hands of Haryana in their final Group C match in Jammu on Saturday. In the quarter-finals to be played from February 20 to 24, Saurashtra will be up against Andhra, Karnataka will face Jammu and Kashmir, Bengal will take on Odisha and Gujarat will square off against Goa.
The Bengaluru-based firm has also inducted founder and CEO of Surya Software Systems D N Prahlad as an independent director on its Board, effective October 14, 2016.
A round-up of Ranji matches played on Friday.
Ending three-week long suspense, Karnataka government on Monday decided to file an appeal in the Supreme Court against the acquittal of Tamil Nadu Chief Minister Jayalalithaa and three others in the disproportionate assets case.
The international health organisations, protesting against Swiss pharmaceutical major Novartis AG's legal challenge to provisions of the Indian Patent Act
The Tamil Nadu Irrigated Agriculture Modernisation and Water-Bodies Restoration and Management Project is designed to modernise irrigation systems covering over 600,000 hectares in 63 selected sub-basins throughout the state.
Indian manufacturers are very experienced in producing vehicles at price levels that are very competitive, says
Germany's Daimler AG, known for its luxury cars and high-end commercial vehicles, has pulled out of the race to acquire a strategic stake in the Delhi-based commercial vehicles maker Eicher Motors.
India and the United States have set up a working group to promote greater interaction between legal professionals and to facilitate trade in legal services between the two countries.
"Once live streaming will be allowed, your problem will be solved," the bench said when Tripathi alleged that students are not allowed to witness proceedings in all matters in the apex court.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances