The ongoing Lok Sabha session will be extended for three more days till 13 May giving the government extra time to press on with some crucial bills that are key to its reforms agenda.
Asset reconstruction companies can now take more than eight years to recover loans that are under a restructuring programme that allows for a longer period of recovery.
The Ministry of New and Renewable Energy has signed memorandum of understanding (MoU) with 12 countries during the last three years to enhance cooperation in the sector.
Seeking to soothe the nerves of foreign investors, the government announced that a high-level committee will look into the controversial issue of payment of Minimum Alternate Tax (MAT) by FIIs.
The $2.25-billion Adi Godrej Group, which on Thursday completed 118 years of its existence in India, has identified fast-moving consumer goods (FMCG), consumer durables, estate, defence and agri-products to drive its next leg of growth.
The Anil Ambani-promoted Reliance Power has moved a court here for a stay on encashment of its Rs 8 bn bank guarantee for the Tilaiya ultra mega power project in Jharkhand.
Wipro Ltd is seeking to generate more revenue from existing clients by selling them cloud computing, business applications and analytics solutions, as India's third largest software services exporter seeks to weather a downturn in demand.
Two biosimilar drug molecules developed by Biocon to treat cancer and rheumatoid arthritis had entered global phase 3 clinical trials, which entail testing on patients to assess effectiveness and safety.
Cloud software company Ramco Systems has raised capital $52 million (Rs 3.25 bn) from institutional investors which will be used to pay debt and expand operations.
Tech Mahindra has sought urgent intervention by the Supreme Court to quash money laundering charges pursued by the Enforcement Directorate related to Satyam Computer Services.
State Bank of India is open to inducting a new partner for its credit card business if its partner GE Capital decides to exit India.
Sahyadri Industries Limited (SIL) plans to invest Rs 1.4 bn to set up an ultra-modern non-asbestos flat sheets (NAFS) integrated plant at Vijaywada.
A 'Made in India' American gun may finally boom for India's army. And the potential list of Indian companies as partners of American defence major BAE includes India Inc blue chips Tata, L&T and Mahindra.
Hindustan Zinc Limited (HZL), the country's leading zinc producer and part of Vedanta Resources, is poised to set up a greenfield Rs 13.5 bn diammonium phosphate (DAP) plant in Rajasthan, in step with Anil Agarwal's ambitious plan to diversify into fertilisers.
The Bombay HC has suggested that the feuding promoters of Yes Bank cut their stake to less than 10% in the bank to resolve the conflict over the right of one of the promoters to nominate directors to the board.
CCI has approved Reliance Infrastructure's proposed acquisition of controlling stake in Pipavav Defence and Offshore Engineering in a Rs. 2,000 Cr deal.
Finnish telecom software provider Comptel Corporation said it has secured operations support systems and business support systems deals worth over ¤15 million (about Rs. 111.2 Cr) from India's top ` telecom service providers, Bharti Airtel and Idea Cellular.
As part of its corporate debt restructuring (CDR) package, Shriram EPC Ltd is seeking shareholders’ approval to offer equity shares against the funded interest term loan to a total amount of Rs 313.30 Cr.
Muthoot Fincorp, the flagship company of Muthoot Pappachan Group is looking at raising close to Rs. 1,800 Cr through various routes during the current fiscal.
SKS Microfinance issues commercial papers worth Rs. 60 Cr aggregate commercial paper outstanding as on date is Rs. 500 Cr.
Patel Engineering sanctioned additional term loans of Rs. 1700 Cr and enhanced working capital limits of Rs. 805 Cr.
SPARC Board to consider raising funds via rights issue on May 12.
Canara Bank inks MOU with LIC over social security measures.
M&M, L&T & Tata Group are in race to partner US based BAE to make Howitzer guns.
Tech Mahindra seeks Apex Court’s intervention in Satyam money laundering case.
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