ITC, Axis Bank, Lupin are most competitive companies: Nomura

These companies have delivered above-average business returns, which has driven their long term share price performance

• Dabur gets US FDA import alert
• Dabur eyes 25% sales growth in juice segment
• Unilever's open offer gets Sebi nod
• HUL's legacy brands foster more trust

Tourism Fin Corp to submit application for setting up bank

Tourism Finance Corporation of India today said the board has approved a proposal to seek licence from RBI for setting up a bank

Bharti Airtel to invest $125 mn in Gabon

We are in Gabon for the long haul and will support both Commercial and Social programmes, says Airtel's MD and CEO International, Manoj Kohli

• Bharti to invest $125 million more in Gabon
• Tata Tele (Maha) announces bonus to public shareholders to comply with MPS
• TTML surges on bonus issue plans
• Telecom shares hit 52-week highs

Vakrangee Softwares surges as promoter raises stake

The promoters have acquired shares aggregating to 4.53% of total equity through open market between May 13, and June 13.

• CLSA optimism on Infosys led by Narayana Murthy
• HCL Technologies' Brazil operations grow 35% in two years
• Murthy calls Infosys revival a daunting task
• Rupee fall to cushion wage hike impact

USFDA issues warning letter to RPG Life Sciences

Regulator warned that the failure on the part of the company's management to correct the violations may result in a ban

• Glenmark gets USFDA approval for sclerosis treatment drug
• Dr Reddy's sued for 'infringement' of thyroid injection patent
• Today's picks
• Opto Circuits' group company's partner bags CE nods for coronary stent

Eicher: Riding high on Enfield

While the Volvo JV struggles, demand for two-wheelers has helped company deal with downturn

• Guj HC to hear farmers' claim on Maruti land on June 20
• Tata Motors plans Nano upgrades, new SUVs with Land Rover
• Tata Motors launches 8 upgraded models of passenger vehicles
• Analysts' corner

Prathiba Industries bags Rs 128 cr water contract

Project is scheduled to be completed in 30 months from the date of commencement

• EAC defers green nod to Tata Power proposal on Trombay plant
• Adani Power shares slide 15 per cent in intra-day
• Coal ministry slaps notices on two more blocks
• NTPC's proposed North Karnapura plant gets back coal linkage

Jet's code share with Air France-KLM

The pact expected to enable European airlines to sell tickets on Jet's domestic (Indian) routes

• Air Costa to launch regional services next month
• Analysis: Etihad has the upper hand in the Jet deal
• Jet Airways rebounds 19% on heavy volumes
• Jet Airways tanks as FIPB defers Etihad's deal

Va Tech Wabag JV wins Rs 262 crore order from Nepal

The scope of the work comprises construction of water treatment plant at Sundarijal, Nepal with an initial capacity of 85MLD

• BHEL wins Rs 450 crore R&M contract from Mahagenco
• VA Tech Wabag gains on winning Rs 262-cr overseas order
• VA Tech Wabag's JV gets Rs 262 crore project in Nepal
• L&T eyeing defence orders worth up to Rs 8,000 crore

With growth not in sight, Future Retail's debt hangover continues

Stake sales not enough; need to improve operational profit by addressing productivity issues, say observers

• Analysts' corner
• Organised retailers' sales growth fell one-third in FY13
• GACL hikes promoter holding
• Land acquisition for aluminium park gains momentum

SAIL to focus on eco-friendly mining

The company will be implementing a state of the art ore beneficiation technology to minimise impact on environment

• CIL submits final report on social spend in Mozambique venture
• CIL invites bids from cos to advise on modernisation of mines
• Tata Steel signs sale pact with Safran Group
• JSPL retreats on pledge of shares by promoter group

United Phosphorus launches rice herbicide in UP

United Phosphorus Limited (UPL) today launched rice herbicide 'Saathi' in Uttar Pradesh, a major paddy producer in India.The product would ...

• Tatas looking at European buys to brew instant coffee business
• Sugar output may fall 8-10% in FY 14: Renuka Sugars
• Tata Coffee eyes acquisition in Europe to grow instant coffee business
• Jubilant's dough refusing to rise

Reliance Broadcast launches Big RTL Thrill's English feed

The company said the decision to go dual feed is in sync with the market opportunity available

• PVR-Cinemax merger gets board approval
• Deccan Chronicle zooms after reporting strong Q4 nos
• 'Digitisation has boosted direct-to-home segment'
• Eros Intl net down at Rs 9.6 crore

Oil India: Some optimism on improving prospects

These include higher gas prices, output expansion and fuel price reforms, beside inorganic opportunities

• ONGC hires drilling rig for Rs 2.39 cr per day
• OMCs are bleeding now, tomorrow it may be our turn: Sudhir Vasudeva
• OIL overseas arm in another four months, sets sight on Sri Lanka
• Reliance Industries pays Rs 779 crore advance tax in Q1

Gateway Distriparks subsidiary SLL to get Rs 60 cr from NVP

NVP will hold a 14.3% stake in SLL post infusion, the company said.

• MMTC extends fall, hits 5-year low
• MMTC share sale fully subscribed; govt gets Rs 567 cr
• Select PSU shares slide after MMTC floor price at huge discount
• Analysis: Is the government selling MMTC for free?