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LVB to seek RBI's permission to increase promoters' holding to 25%

At present, the promoters' shareholding is around 9.54%

One-time hit on banks from new base rate norms is Rs 20k cr: CRISIL

Good news for borrowers as base rate could be lower by 50 bps

India stocks rejoice at China holidays

Domestic indices snap 3-day losing streak to end one per cent higher

Prabhat Dairy subscribed 42%; issue closes Friday

The 41.2-million offering got bids for 17.2 million shares, according to data provided by stock exchanges

Amtek Auto crashes 35%; stock down 82% in one month

Amtek Auto told the stock exchanges that is facing "temporary cash flow mismatch"

After HCL, Wipro now gets contract from European football club to drive digital initiatives

Becomes official digital and IT partner of Chelsea FC

Vedanta looking at price hike option to tide over crisis

The company has already cut capacity of the unit and was looking at an array of solutions to sustain its operations amid plunging aluminium prices

Patidar youths burn effigy of Hardik Patel in Ahmedabad

They were expressing dissent over the latter's frequent change in plan of action for the Patidar reservation agitation

Tata Motors and Tata Technologies enter into five-yr agreement

ENGAGENEXT iSourcing is the redefined engagement model

Tribunal asks BCCI to pay Nimbus Rs 12 cr

Dispute arose pertaining to the TV Production Agreement between Nimbus and BCCI dated September 29, 2010 which was terminated by BCCI on April 20, 2012

Lupin launches first ever variant of anti-depressant drug Duloxetine

Lupin has 20% market share in Duloxetine sales in the US

Aircel to add 510 3G sites in Odisha by December

This will take the total count of network sites to about 3,500 in the state

Twitter launches ad platform for Indian SMBs

India has 51 mn small businesses and is expected to see 11,500 startups by 2020

ONGC and British Gas to reestablish exploration in Cauvery Basin

Company says Mission 2018 is to produce first gas from KG-DWN-98/2

Not exploring CBM or Shale Gas exploration in Tamil Nadu: ONGC

Company was pulled up by locals alleging that it was damaging structures and impacting water resources

Saravana Stores' partner Yogaratnam passes away

He was one of the three founders of the retail chain

Singapore wealth fund GIC to invest $300 mn in DLF projects

Investment comes at a time when Indian real estate sector continues to be extremely sluggish

Revenue share approved for oil & gas fields

89 million tonnes of reserves, worth Rs 70,000 cr, to be bid out in three months

CEA flags deflation as new challenge for economy

Expresses hope that the growth will be close to 8% in the current FY, notwithstanding lower first quarter GDP number

Airtel deal with Ericsson to expand 4G, 3G services

Ericsson to invest $20 mn in setting up its second plant near Pune, doesn't reveal circle names in deal with Airtel