A Delhi court on Thursday denied bail to Aam Aadmi Party leader Satyendar Jain and two others in a money laundering case.
The world's largest steel maker, Mittal Steel Company, has made a long-term commitment to China by setting up a research institute for metals in central Hunan province.
A Chinese company, which promised plots of land on the moon has come up with a more earthly plan 'World Cup air' for sale.
N G Kannan, director (marketing), Indian Oil Corporation, has taken over as the managing director of petro-retailer IBP Co Ltd.
Birla Mutual Fund on Friday launched its new equity fund offer - 'Birla India GenNext Fund', which will invest in equities of firms that are expected to benefit from consumption habits of young people in the country.
Out of the total amount, Rs 9,780 crore would be towards secondary sale of shares by GMR group and Rs 1,000 crore would be equity infusion in GAL.
Paytm's pre-IPO investors, which include likes of Warren Buffet's Berkshire Hathway, SoftBank and Alibaba, do not seem to be in a hurry to exit India's leading digital payments brand as they continue to believe in its long-term prospect, analysts said. On Tuesday, 86 per cent of Paytm's shares became free to trade after the end of the lock-in period, allowing investors to sell shares that haven't yet been allowed onto the market. Market participants have been speculating on Paytm, post-expiry of lock-in for pre-IPO investors.
The National Investigation Agency (NIA) on Monday attached 17 properties of Kashmiri businessman Zahoor Ahmed Shah Watali in a terror funding case, the agency said.
Late 'big bull' Harshad Mehta, largest car maker Maruti and liquor major Shaw Wallace are among top 20 corporate and individual income tax defaulters, Lok Sabha was informed on Friday.
Engineering goods major Jessop & Co Ltd, acquired by Ruia Cotex, is planning another round of financial restructuring to wipe out the entire accumulated loss of Rs 110 crore.
South Korean engineering behemoth Hyundai plans to set up an engineering company in India focussed solely on the petroleum sector.
A bankruptcy appeals court has scrapped billionaire Anil Agarwal-led Twin Star Technologies' winning bid to take over Videocon Industries Ltd on a plea by some creditors that the money offered imposed a steep Rs 62,000 crore haircut upon banks. The National Company Law Appellate Tribunal (NCLAT) asked creditors to initiate the fresh sale of Videocon, a consumer durables company manufacturing products ranging from air-conditioners to washing machines, for recovery of their unpaid Rs 64,637.6 crore. While a majority of lenders had previously accepted Twin Star Technologies' Rs 2,962.02 crore offer, Bank of Maharashtra (BoM) and IFCI Ltd dissented, saying the amount offered was close to the liquidation value of the bankrupt firm and that they cannot be paid less than the liquidation value.
Modi is courting Japanese investment in an ambitious industrial "corridor" to run between Delhi and Mumbai.
The government has approved the merger of fuel retailer IBP Co Ltd with IOC in an amalgamation that would provide the state-run refiner improve profits and allow the new entity to compete against private firms and multinationals.
Chairman of Indian Oil Corporation, M S Ramachandran, said on Wednesday that the possibility of merging its subsidiary IBP & Co Ltd with the parent company cannot be ruled out.
The company will now focus on specialty products in Japan; it is open to inorganic opportunities, especially in India.
Ras Laffan Liquefied Natural Gas Co Ltd (RasGas) of Qatar has pulled out of state-run National Thermal Power Corporation's tender for supply of 3 million tonnes of LNG for its power plants.
Petro retailer IBP Co Ltd will set up 500 petrol stations during the current fiscal to take its retail strength past 2600, the company's general manager (marketing) K D Makhija said on Wednesday.
After the takeover of Daewoo's truck division in South Korea, Tata group has changed its name to Tata Daewoo Commercial Vehicle Co Ltd and nominated Ravi Kant as chairman even as it introduced a heavy-duty truck model for the Korean market.
Petro retailer IBP Co Ltd said on Thursday that it will invest Rs 528 crore (Rs 5.28 billion) in expanding its retail petrol pump network in 2004-05 and launch a pilot project for use of LNG in automobiles directly.
IBP & Co Ltd, a subsidiary of Indian Oil Corporation, will invest Rs 350 crore (Rs 3.5 billion) in the current financial year to augment retailing strength of the oil marketing PSU.
Automaker Tata Engineering & Locomotive Co Ltd said on Monday its total vehicle sales in May vaulted 67.9 per cent from a year ago to 21,929 units, boosted by higher car sales.
The Supreme Court on Monday dismissed a plea challenging the Bombay high court verdict that directed the Mumbai civic body to demolish the unauthorised construction at Union minister Narayan Rane's bungalow in the Juhu area, noting that there was a violation of the Floor Space Index and Coastal Regulation Zone rules.
India's largest truck maker, Tata Engineering & Locomotive Co Ltd, said on Wednesday its total vehicle sales in April jumped 55 per cent from a year ago to 14,979 units, despite a truckers strike.
The government has garnered Rs 2 lakh crore by auctioning 33 blocks.
India's largest truck-maker, Tata Engineering and Locomotive Co Ltd, said on Monday its vehicle sales in January in the domestic market jumped 29 per cent from a year earlier to 23,316 units.\n\n\n\n
Max New York Life Insurance Co Ltd, 26 per cent owned by New York Life, expects the premium income of private life insurers in India to grow at a compounded annual rate of 75 per cent over the next five years.\n\n\n\n\n\n
As per the clinical trial protocol approved, 150 subjects with mild to moderate COVID-19 will be randomised in the study in a 1:1 ratio to Favipiravir with standard supportive care or standalone standard supportive care. Treatment duration is a maximum of 14 days and the total study duration will be a maximum for 28 days from randomisation.
Burren Energy of UK has acquired US energy major Unocal Corp's entire 26.01 per cent stake in Hindustan Oil Exploration Co Ltd for $26.01 million and has made an open offer to acquire further 20 per cent stake.
Property giant Dalian Wanda Group Co said on Wednesday it would buy a stake in Spanish soccer champions Atletico Madrid for 45 million euros ($52 million), becoming the first Chinese company to invest in a premier European football club.
The Enforcement Directorate (ED) on Tuesday arrested former Mumbai police commissioner Sanjay Pandey in connection with a money laundering case linked to the alleged illegal phone tapping of NSE employees, officials said.
Ashoka University co-founders Vineet Gupta and Pranav Gupta, who were booked last week by the Central Bureau of Investigation in a Rs 1,600 crore fraud case, on Thursday stepped down from all boards and committees of the varsity.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
ETFs function like a mutual fund scheme and have underlying assets of government-owned companies.
