The government further liberalised foreign direct investment (FDI) norms in seven key sectors, allowing 74% FDI in nonscheduled airlines, 49% foreign investment in commodity exchanges and up to 49% FDI in credit information companies (CICs). More

GE has moved the Supreme Court in a bid to stall a move by local partner KPP Nambiar, backed by PE funds, to buy its majority stake in a joint venture company More

In a big relief for the West Bengal government and Tata Motors' small car plant in Singur, the Calcutta High Court has held as legal the acquisition of land in Singur for the company's unit, an issue which saw a year-long agitation by farmers opposed to the project. More

The Reserve Bank of India has clarified that education loans will not be classified under consumer loan category More

The Supreme Court dismissed a PIL seeking to restrain the government from going ahead with the Indo-US nuclear deal on the ground that without Parliament's approval the government could not move ahead More

In a move that may make it mandatory for companies to specify basic contents of cigarettes and to print pictorial warning on packets, the Supreme Court issued notices to the Centre and tobacco firms More

The Supreme Court took strong exception to former TN chief minister J Jayalalithaa's petition seeking declaration of Ram Setu as a national monument More

The Delhi State Consumer Disputes Redressal Commission (DSCDRC) has categorically stated that the banks or any other financial institutions cannot enter into unfair trade practices of sending goons or making threatening calls to the consumer to recover their dues. More

The Economic Advisory Council (EAC) to the Prime Minister released its review of the Economy 2007-08, which is an update on the Economic Outlook for 2007 More

The Supreme Court has adjourned by six weeks hearing of the batch of petitions challenging the separation of trials of senior BJP and Sangh Parivar leaders for their alleged involvement in the Babri Masjid demolition case. More

Department of Commerce is facilitating a project entitled eTrade among all trade regulatory and facilitating agencies like Customs More

Cricketer Yuvraj Singh has got a reprieve from the Bombay High Court as it dismissed a plea filed by the Percept Talent Management Pvt Ltd seeking to restrain the all-rounder from signing any contract with any other company regarding advertisement rights. More

The Supreme Court has issued notices to the state of Haryana on a petition filed by Reliance SEZ Limited seeking transfer of the petition pending in the Punjab and Haryana High Court to the apex court. More

Great Offshore (GOL) has pipped another Mumbai-based shipping major, Mercator Lines, to acquire UK-based SeaDragon Offshore for $1.4 billion More

The largest ever indirect tax demand - of Rs 2,000 crore - made on a south India-based lottery company has caused ripples in the industry across the country. More

Advertising agency Lowe India has lost the Rs 150-crore LG Electronics creative account to Rediffusion DYR. The shift comes on the back of LG's recent global advertising review in December 2007 More

Telecom major Reliance Communications (Rcom) is learnt to have awarded a nationwide GSM rollout contract for electronics valued at about $500-600 million to Chinese telecom network major Huawei More

Ranbaxy Laboratories has reached an out-of-court settlement with UK's pharma major GlaxoSmithKline to market generic copies of the latter's $1 billion migraine headache drug Imitrex in the US More

Drug firm Dr Reddy's Laboratories has said that it has settled dispute with Swedish drug major Novartis over the generic version of Exelon (rivastigmine tartrate capsules) used to treat mild dementia More

Indiabulls is learnt to have acquired DLF's stake in Kenneth Builders and Developers (KBD), which was formed as a 50:50 joint venture by the two companies in 2006. According to sources familiar with the matter More

The Supreme Court has upheld the validity of Andhra Pradesh government's Tax on Profession, Traders, Callings and Employments Act of 1987, treating branches of firms, companies More

Corporate taxpayers will have to mandatorily pay taxes in e-mode from April 1. This follows the successful implementation of e-filing of tax returns More

Entertainment group Pyramid Saimira has announced that it had bought majority stake in a UK-based company which has developed gaming software for platforms which include Sony's Playstation, Nintendo DS and Microsoft's XBOX More

Venture Capital firms invested $543 million across 98 deals in India during 2007, according to a study by Venture Intelligence in partnership with the US-India Venture Capital Association More

RREEF, the global alternative investment management business of Deutsche Bank, advised by Deutsche Asset Management (India) Pvt Ltd, has made its first real estate investment in India More

Close on the heels of the Aircel mega deal, Wipro Infotech has bagged a five-year, $100-million contract from Saudi Arabian Airlines More

Indian biotech major Biocon has said that it will enter into a partnership with a US-based biotechnology company, Iatrica, to develop drug for the treatment of cancer and infectious diseases More

Industry body CII has signed two agreements with UK Skills and i2india Holdings, a technology commercialization More

Global software major Microsoft has picked up about 35% stake in virtual payments and distribution firm Oxigen Services for an undisclosed amount. More

Aviva Life Insurance and Bank of Rajasthan, a leading private sector bank with branches all over India with a strong presence in Rajasthan More

US-based aircraft manufacturer Boeing has said it has entered into a four-year agreement with the Indian Institute of Science (IISc), IT major Wipro and HCL Technologies to develop wireless and other network technologies for aerospace related applications More