Ashok Leyland wins order worth USD 23.3 million to supply 290 fully-built double decker buses for Bangladesh Road Transport Corp, the company said in a press release to the stock exchanges Wednesday.
Glenmark Pharmaceuticals' USA unit has entered into a royalty-bearing license agreement with Triax Pharmaceuticals, Astellas Pharma Europe BV and Astellas Pharma International BV to settle last year's patent infringement suit against the comercialisation of generic version of Locoid Lipocream, the company said in a press release Wednesday.
The FDI hike will result in informed investment in media companies, believed G Subramanium of Hathway Cables.
The managing director of Zuari Industries Suresh Krishnan spoke to CNBC-TV18 about the company’s recent demerger plans. He also elaborated on the fertilizer space as well as what he expects to do in terms of growth for FY12.
Suzlon Energy has signed a contract with African Clean Energy Development, or ACED, for the supply and construction of 76 wind turbines of its 2 mega watt series in South Africa.
The Indian non-life insurance sector has substantial growth potential because market penetration remained low--leaving significant room for further growth, said an article published by Standard & Poor's Ratings Services.
The Reserve Bank of India (RBI) said the sub-committee of the Financial Stability Development Council (FSDC) has agreed to strengthen regulatory framework for wealth management activities in its second meeting held on Tuesday.
State-owned Hindustan Petroleum Corp Ltd (HPCL) will buyout shares of financial institutions ICICI Bank, ICICI Venture and HDFC in Prize Petroleum Co Ltd to make the oil exploration firm its wholly owned subsidiary.
No plan to stop e-auction of coal: Sriprakash Jaiswal
Indian households are likely to cut back on consumption of food items to manage inflation but they may not compromise on spending towards lifestyle category, according to a Morgan Stanley report.
Mohandas Pai, who quit the tech major Infosys last month, is now looking to turn his focus onto the field of education.
The sub committee of the Financial Stability Development Council (FSDC) met on Tuesday. The committee, which was chaired by RBI governor, reviewed macroeconomic and financial sector developments in the country. Chiefs of all the other regulators were also present in the meeting.
Power projects of 80,000 MW generation capacity are under construction in the country, with targeted commissioning by 2017. The government, however, has warned that coal linkages for plants with a combined capacity of 40,000 MW are yet to be obtained.
Anil Ambani's Reliance Communications, which offers GSM and CDMA mobile services, said it added 2.94 million new mobile users in April.
Construction and material handling equipment-maker TIL said it is looking at revenue growth of around 35-40% this fiscal on the back of demand from India's infrastructure sector.
Public sector Indian Oil Corporation is scouting for a third partner for the proposed LNG terminal at nearby Ennore with a project cost of Rs 4,320 crore, a top official said.
ITC Infotech, a global IT services and solutions company and a fully owned subsidiary of ITC Ltd., today announced a strategic partnership with SAP India Pvt. Ltd to become a solution reseller for SAP Business ByDesign.
The Reserve Bank Tuesday came out with a credit default swap (CDS) guidelines that would allow corporate entities including insurers, FIIs and mutual funds to hedge risk against default in corporate bonds to which they subscribe.
The US-based retailer Walmart Stores Inc, which has a wholesale joint venture with Bharti Enterprises, today said its immediate focus in India will be to scale up operations before aiming to be profitable in a medium to long term
Rashtriya Ispat Nigam Tuesday said it will raise Rs 22,500 crore long-term debt in tranches to increase its steel making capacity to 11.3 million tonnes per annum (mtpa) by 2015-16.
Govt cautious in allowing FDI in LLPs: Experts
The government should not withdraw tax refund DEPB scheme, which is ending in June, as it will make exports uncompetitive and would affect the growth momentum, industry body PHD Chamber said today.
Indian software services exporter Infosys Technologies said on Tuesday it received a subpoena from a grand jury in a US district court that requires the company to provide certain documents and records related to B1 business visas.
Wal-Mart's joint venture with Bharti Enterprises in India aims to open eight to 10 wholesale stores in 2011. The company currently has six outlets in the country and the original plan was to open 10 to 12 stores this year.
Morgan Stanley's global infrastructure fund will invest up to USD 200 million in a joint venture with Spain's Isolux Corsán Concesiones to construct three highway projects in India under long-term concession agreements awarded through the build-operate-transfer program of the National Highways Authority of India (NHAI).