While it was technically not possible to block the deal, the tax department could resort to arm-twisting.
Industry watchers attribute a lot of the current successes of the $6 billion Hero Group to how B M Munjal planned and executed succession in HeroCorp, balancing the interests of other family-owned businesses.
Say heavy penalties for medical errors might raise health care costs and make practitioners too cautious, says Sushmi Dey
The ISI network of spies has been operating in India for over a decade.
'West Bengal is an industry-friendly state.'
Glasgow World Championship bronze medallist Saina got the better of two-time World champion Marin 22-20, 21-18 and in the process avenged her second round defeat to the Spanish ace at the Japan Open.
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Policymakers stepped in late Thursday to calm markets.
Top shuttlers Saina Nehwal and P V Sindhu and national champion K Srikanth continued their rampaging run with contrasting victories to reach the semi-finals of the $120,000 Syed Modi International India Grand Prix Gold tournament in Lucknow.
The Indian rupee, however, saw the largest bullish bets in one year as worries about inflation eased.
The Calcutta high court on Thursday said it would monitor the Criminal Investigation Department investigation into the Kamduni gangrape and murder case and also questioned the justification of state Chief Minister Mamata Banerjee's fixing of a time frame for completing the probe.
There are both positive and negative impacts of the tax, but the net result for India's infrastructure sector is advantageous, says Vinayak Chatterjee.
Pallavkumar Das (55) and Amit Verma (57) came up with twin fifties as Assam grabbed a crucial first innings lead over defending champions Karnataka after posting 194 all out on the second day of their Group A Ranji Trophy match in Guwahati.
A controversy has erupted over the decision to discontinue postage stamps of Indira Gandhi and Rajiv Gandhi with the government saying only one family can not get this honour, even as the Congress termed the move as "insult to the history" and demanded an apology.
There are several books that Aakar Patel wishes were being written but aren't. Fortunately, there's plenty coming up this year that he's eagerly awaiting.
Timely payment under the MGNREGA is essential as it is a demand-driven scheme.
East Bengal's hopes of becoming the first Indian football club to enter the AFC Cup final were dashed after they were beaten 3-0 by a far superior Kuwait Sports Club in the second leg semi-final, in Kolkata, on Tuesday.
The dates of the forthcoming assembly polls in Rajasthan are yet to be announced by the Election Commission, but on the ground, the battle has already begun between the Congress and the Bharatiya Janata Party.
The target is called Intended Nationally Determined Contributions.
The Child Protection Services programme under the Integrated Child Development Services was increased to Rs 1,500 crore from Rs 925 crore.
'IndiGo 2018 is a harsh, ultra-lean, mean, zero asset, fighting machine with aspirations of taking on the global long-haul low-cost market.'
With the implementation of the goods and services tax less than 75 days away -- assuming July 1 as the roll-out date -- Sudipto Dey provides a guide to how businesses can navigate the transition.
Sanju Samson smashed 72 off 56 balls as Kerala completed a five wicket win over Punjab to cruise into the quarterfinals of the Syed Mushtaq Ali T20 Trophy, in Kochi, on Saturday.
67 companies with total debt of Rs 5.65 lakh cr were either loss-making or didn't generate enough profit to cover interest cost in FY15
Celebrities will become more responsive to consumer concerns about the brands they endorse.
A worker earns Rs 10,000-20,000 but in the past month earnings had dwindled to Rs 5,000-7,000.
Chhota Rajan, one of India's most wanted gangster, has been arrested in the tourist town of Bali, Indonesia on a Red Corner Notice issued by Interpol after eluding law enforcement agencies for over two decades.
'The Left is dying, but its economic ideology rules, unchallenged.' 'Modi is its newest standard-bearer.' 'Even in today's bitterly polarised politics, if there is one thing on which not just the BJP and Congress, but all other parties agree, it is that socialist economics is the only way to survive,' says Shekhar Gupta.
Riding on a superb all-round performance by Ravindra Jadeja, Saurashtra thrashed Tripura by an innings and 118 runs to bag a bonus point from their Ranji Trophy Group C game in Rajkot.
Uttar Pradesh still remains far behind the Indian average on most health indicators, says Dipa Sinha.
Indrani Roy deconstructs the controversy over Trinamool Congress MP Tapas Pal controversial remarks on rape.
'When it came to S D Burman, a Guide song was completely different from a Tere Mere Sapne song which was completely different from a Sharmilee song. Except for their quality, there is nothing to link them together.' 'Lata was his ultimate voice. He felt there was nobody like Lata. "Give me a harmonium, give me Lata and I will make music," he said.'
A ministry spokesperson said he wasn't aware of the development.
The country last raised the amount of government debt that foreign investors can buy by $5 billion in June last year.
By tying gold imports directly to export volumes, India is effectively trying to cap how much bullion can be brought into the country, tightening supplies and driving up local prices.
'The Indian state is very benevolent when it comes to corporates,' says Tom Thomas, chief executive officer of Praxis, and convenor of CRW India.
Move is aimed at bringing private operators to run airports.
Many feel the fear of epidemic outbreak will grow severe in around a month and once the rainy season gets over, reports Sushmi Dey
A summary of sports events and sports persons, who made news on Friday
Rising skills gap, falling exports, low productivity, rising debt and low foreign investment is jeopardising the target set for the textile and apparels sector
'When workers in other industries enjoy protection, why should sex workers not receive similar protection?' 'Sex work should be treated as work and brought under the work schedule of the labour department.' 'We will only end up giving immunity to the pimps and brothels to buy or sell human beings. This will in turn increase trafficking of young women and children.' Rashme Sehgal reports on the debate over legalising prostitution, a bugle in whose favour has been sounded by the new chairperson of the National Commission for Women, Lalitha Kumaramangalam.
