The joint entity will have a market share of nine per cent in India. Analysts tracking the company said one of the key outcomes of the merger would be to create a single brand entity of Sun and the Ranbaxy brand would eventually dissolve.
'It was Parrikar's sharp insights into finance and international systems that stood out when India --at his suggestion -- decided to procure the Rafale combat jets from France.'
For the June quarter, sales for DLF were down 25 per cent at Rs 1,725 crore (Rs 17.25 billion) over the same quarter a year earlier.
'I have saluted thousands of senior officers during my 26 years of service, but saluting my own daughter made me very happy.'
For now Walmart has said it remains optimistic about India. But that could change without prior notice, says Nivedita Mookerji.
With the unanticipated floods across Tamil Nadu catching the unprepared administration unawares, Stalin finds that some of the early positives that had rubbed on his initiatives have been lost, observes N Sathiya Moorthy.
There is little that Andreas Schmid, the Swiss-born chairman of Flughafen Zurich AG (Zurich Airport International AG), and Yogi Adityanath, chief minister of Uttar Pradesh (UP), could have in common. But Schmid, whose company is building the Noida airport in partnership with the UP government, finds himself on the same footing as the firebrand Hindutva leader who rules the state. Both hope the Rs 30,000-crore ($4 billion) project, hanging fire for 20 years, shows some progress when UP goes to the polls in 2022.
After allowing FDI by foreign carriers in their Indian counterparts, the government has put in place provisions to prevent Indian airlines from being controlled and managed by the foreign investor.
Google is going ahead with a policy revision mandating 30% charge on in-app purchases across all apps on Play Store. This has left developers' community worried about tighter squeeze on their earnings, says Yuvraj Malik.
Cargill believes the reforms would act as a catalyst in attracting private sector investment in building supply chains for taking Indian farm produce to national and global markets.
Chinese foreign policy will acquire a more ideological and less pragmatic character. It will be conducted with more nationalist overtones, predicts former foreign secretary Shyam Saran.
Ahmedabad-based firm to fund deal through equal amount of equity and debt.
Japan on Friday extended a state of emergency in Tokyo and other areas by about three weeks to June 20 as the COVID-19 pandemic shows no signs of easing less than two months before the Summer Olympics open.
According to the Australian media, the latest report has been based on over 400 interviews with soldiers and officers from the SAS, a special forces unit, and Commandos, Afghan villagers, special forces interpreters and support staff.
Mahendra Singh Dhoni, a high-profile name from Jharkhand, went to the polling station to cast his franchise in the 3rd of the five-phased Assembly elections.
The man with the golden arm could surpass some, if not all, top cricketers -- the demigods who stand well above athletes from other disciplines in India
The earlier resolution allowing these developers to charge higher power tariffs, now stands cancelled.
Based on a writ petition filed by some individual investors, the High Court while ordering the status quo on Friday, issued notices to SEBI, BSE, NSE, Sun Pharma, Ranbaxy, Daichii Sankyo and Silver Street Developers.
After grappling with the issue for two years, the Ministry of Petroleum and Natural Gas had on November 21 ordered that the margin to be charged, over and above the gas sale price, should be fixed between the seller and buyers in all sectors other than urea and LPG.
I-League-ISL merger likely after three years
With expectations of customers changing and demand for seamless, uninterrupted shopping increasing, tech companies are now using this fear of becoming irrelevant as a sales pitch to sell their products to traditional retailers.
According to a source, banks have decided to infuse funds after Purnendu Chatterjee, chairman of The Chatterjee Group, agreed to invest Rs 100 crore (Rs 1 billion) as margin amount into the ailing plant.
Deepak Kumar and Divyansh Singh Panwar finished a lowly 26th and 32nd respectively in the men's 10 metres Air Rifle event of the Tokyo Olympics on Sunday
The government guidelines say online marketplaces must not influence the sale price of goods and services but experts say e-commerce majors categorise discounts under marketing expenses.
'There is a fiscal crisis building up, which might become apparent when the Finance Commission presents its report,' warns T N Ninan.
Just to promote govt's policy of Make in India, BSNL said, it cannot afford to procure sub-standard equipment from inexperienced companies, not having proven technology. BSNL complained that when competitors were procuring world-class 4G equipment from experienced vendors, why should BSNL be compelled to procure locally.
The S&P BSE Sensex ended 80 points up at 23,789 while the Nifty50 closed at 7,235, up 24 points.
To young professionals I would say, work hard, play hard and not be constrained by fads like WLB, says Sudhir Bisht.
Several changes have been carried out in the existing rules or Civil Aviation Requirements, including one which clearly states that a passenger airline 'shall not enter into an agreement with a foreign investing institution or a foreign airline, which may give such foreign investing institution or foreign airlines or others on behalf of them, the right to control the management of the domestic operator.'
The move if implemented, will be a temporary measure to protect both consumers and airlines. A section of airline executives and experts, however, warned that any intervention in pricing would be counterproductive.
Their coal block bids may be referred to CCI.
Through the UB Group, Mallya holds 21.98 per cent stake in MCF.
EU says Google unfairly pushes own apps with Android
The International Olympic Committee has been advised by the World Health Organization that there is no case for contingency plans to cancel or relocate the Tokyo 2020 Olympics over the coronavirus outbreak, the IOC's Coordination Commission head said on Friday.
Russian athletes are cleared to compete at next year's summer Olympics will do so without their country's flag and anthem.
Submits revised proposal to CCI as Birla Corp deal fails
Summary of sports events and persons who made news on Tuesday
A memorandum, signed by the chief ministers or finance ministers of Andhra Pradesh, Puducherry, Karnataka, Delhi, West Bengal, Kerala and Punjab, said the terms were disruptive and a cause for concern.
The two teams said they had been reassured by Formula One's approach under chairman Chase Carey and his new management team, who had "brought a new culture of transparency to the sport".
Bharti Retail will issue one equity share of Rs 2 each for every share of Rs 2 held in Future Retail
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