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Wellington raises stake in Gitanjali Gems, gets voting rights

The company buys over 2,00,00 lakh Gitanjali shares from open market

M&A proposals fail to cheer telcos

Earlier, operators were given spectrum up to 4.4 MHz in GSM bundeld with the licence and this is known as an administered price

Mahindra to expand used car business

The used car market, with an estimated size of three million units plus, is already bigger than the new car market

Home and auto loans get dearer

SBI, HDFC Bank raise base rates by 0.2% each

Isro performs orbit raising manoeuvre today

This will take place in the early hours of Thursday

BJP demands PM-like security for Modi, govt rejects

In the current scenario, SPG protection is given only to PM, former PMs and their immediate family members

Arcelor Mittal in CAG list too

Roads ministry asks Gujarat, Maharashtra to probe Tavera affair

Chief Secretaries of the states to head investigation into irregularities by General Motors of 114,000 cars built between 2005-12

YES Bank to raise $125 mn from IFC

The money will be used by the bank to increase its exposure to MSMEs

RBI receives $15.2 bn under forex swap window

The central bank had introduced this window in early September to check volatility in the rupee against the dollar

Rupee ends at 5-week low due to dollar buying by PSBs

Ends at Rs 62.40 compared with previous close of Rs 61.63 per dollar

FMC to hear Jignesh, others on Nov 12

FTIL-promoted NSEL facing payment crisis of Rs 5,574 cr; its former MD, other employees in Jail

IT stocks firm up on Cognizant results

Portfolio managers say that the IT stocks may continue to outperform the market in the near-term

'Tech schools of South India shine in industry linkages'

The scores reflect industry's involvement in governance and their role in placing students in industry positions

Germany's Nord Drivesystems plans India expansion

Company invests Rs 55 cr for expansion of its existing facility in Pune

NephroPlus forays into Maharashtra

Company has tied up with Pune's Jehangir Hospital, plans to set up three more centres in next one year

Ficci-KPMG envisages huge opportunities in food processing

The industry is expected to each a size of Rs 400,000 crore by FY15

Muthoot to invest Rs 300 cr for White Label ATMs

It plans to start 1,000 white-label ATMs in the first year, 2,000 in the second year and 6,000 in the third year

Chennai metro test run begins

At Rs 14,600 cr this is Tamil Nadu's biggest ever infrastructure project