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iGate faces probe on any violation of Federal securities law

23 May 2013

The US-based outsourcing firm iGate is being investigated by a law firm to ascertain whether the company and its employees violated federal ...

Essar Projects bags $80 million contracts in Abu Dhabi

23 May 2013

Essar Projects, a leading engineering, procurement and construction (EPC) firm, today said it has bagged three new orders totalling $80 million ...

Govt to pay state-run fuel retailers Rs 45K crores in Q4 oil subsidy

23 May 2013

India has agreed to pay Rs 45,000 crore for the March quarter to state-owned fuel retailers as compensation for selling products at cheaper ...

Vedanta Resources Plc announces pricing for $1.7 bn bond

23 May 2013

Vedanta Resources pIc ("Vedanta", LSE: VED) today announced the pricing of its $I. 7 billion (Rs 9,500 crore) bond offering. The bonds are being ...

Sebi, CCI seek clarity on Jet-Etihad deal; may suggest changes

23 May 2013

Abu Dhabi carrier Etihad's Rs 2,058-crore stake purchase in Jet Airways has hit a regulatory air pocket, as regulators are seeking more clarity ...

NHPC's Teesta project starts commercial operation

23 May 2013

State-run NHPC today said its 132 MW hydel plant at Teesta in Sikkim would now supply electricity to the National Grid.

IOC develops technology for co-processing non-edible oils in its refinery

23 May 2013

Indian Oil Corporation (IOC) has successfully developed and commercialised a technology to co-process non-edible vegetable oil in the existing ...

Roiz's lawyers contemplating court action against Phaneesh Murthy

23 May 2013

After Phaneesh Murthy, the disgraced former president and CEO of IT services company iGate went public with his relationship with the company's ...

Daiichi pursuing legal action on ex-shareholders

23 May 2013

Says former Ranbaxy owners concealed critical information on probe by US agencies

Quadricycles get govt green signal

23 May 2013

But will ply as public transport within city limits

Ranbaxy may reduce global sales team

23 May 2013

Layoffs to be mostly in the US

Reliance Jio to roll out 4G services in metros by March

23 May 2013

To invest Rs 7,000 cr over 2-3 years to launch services in eastern, northeastern states

Sahara's refusal to bat ends cash drain

23 May 2013

Sahara will save Rs 400 cr annually by pulling out IPL team Pune Warriors India and not re-bidding for national team sponsorship

Premji varsity reacts swiftly to sexual harassment cases

23 May 2013

Counselling, apologies in 3 recent cases; pro-active measures needed for zero-tolerance policy: Registrar

Street worries on Ranbaxy

23 May 2013

On May 10, the US Department of Justice had announced Ranbaxy had agreed to pay a penalty of $500 million to settle litigation regarding false ...

Jai Corp looks to get out of Navi Mumbai SEZ

23 May 2013

This is part of Jai Corp's efforts to raise funds as the investors of its real estate funds are increasingly demanding returns

Jet to seek Sebi exemption to divest promoter holding

23 May 2013

After the preferential allotment of shares to Etihad Airways, the latter would have three members on the Jet Airways board. They are James ...

Murthy to lose $1-mn benefits

23 May 2013

This is the amount Murthy was entitled to get 'upon termination other than for cause'

Merck signs $5-bn share buyback agreement with Goldman Sachs

23 May 2013

Merck & Co Inc said it has entered into a $5-billion share repurchase agreement with Goldman Sachs Group Inc, as the drug giant looks to ...

Highway developer Soma Enterprise heads for CDR

23 May 2013

The company facing liquidity stress due to delays in payments for contract work

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