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Hero MotoCorp bets big on Telangana, AP market

Firm currently has 50% market share in two-wheeler sales in the region

Competition among states to get investments will rise with new land law: India Inc

CEOs to prefer states with clear, easier land acquisition laws

ADB's India forecast: Sunny with a chance of 7.8% growth

Slower growth in the PRC is likely to have a noticeable effect on the rest of Asia: Shang-Jin Wei

NPPA adds 39 more drugs to the controlled list

The move is likely to impact drug makers such as Abbott Laboratories, Ipca Laboratories, Lupin, Cadila Healthcare and GlaxoSmithKline

Cabinet decisions: 295 obsolete laws face the axe in legal pruning

The Repealing and Amending (Fourth) Bill, 2015, will be introduced in Lok Sabha for annulling 295 Acts

RBI tweaks credit card billing norms

However, the banks will calculate the late payment fees etc from the date the bill would have been due

Concurrent audit guidelines for banks revised

Concurrent audit means doing examination of the financial transactions at the time of happening or parallel with transaction

Mindtree net profit grows 7%

The company also achieved the milestone of crossing $150 million in revenues in a single quarter

CCI imposes Rs 671-cr penalty on four public sector general insurers

They were found manipulating the bidding process initiated by Govt of Kerala for selecting an insurance service provider for Rashtriya Swasthya Bima Yojna

Cabinet decisions: Proposal to redevelop railway stations cleared

As part of the proposal, the concerned zonal railways would permit commercial development of real estate

Amid criticism, govt sets up expert group to collate caste count

The government could face a united opposition attack in the Monsoon Session of Parliament on the issue with Opposition

BoxMySpace raises Rs 1.92 cr from a consortium of investors

Funding to be deployed for multi-city expansion and brand management activities

TN suggests omnibus e-com law

State also wants definition of e-commerce to be changed

RBI clarifies on foreign institutional investments in security receipts

Sebi: Annulment requests must come within an hour

The new policy would be in addition to the existing policy on annulment for trades resulting from manipulation or fraud

Markets close at 3-month highs

Greek approval; merging of FDI, FII limits boost stocks

Oil rises after UK North Sea oilfield outage

Syngene IPO price band at Rs 240-250

Company expects to raise around Rs 550 crore