Presenting the Annual Budget for a fifth consecutive year, the Finance Minister replaced the ad valorem part of the excise duty on unbranded petrol and unbranded diesel with a specific duty.In More

In a judgement reiterating judicial restraint, the Supreme Court has said that the legislature must be given freedom to experiment on exercising of its power. Attaching a rider that such More

While the rupee appreciated against other major currencies for most parts of the year, it was modest as compared to the rise against the US dollar. The Economic Survey 2007-08 says the appreciation More

Walt Disney has reached a deal to more than double its stake in Indian TV and movie content maker UTV, the two firms said, underscoring the US firm’s efforts to expand globally. More

Less than a fortnight after the Reserve Bank of India said the grant of banking licence to UBS was on hold, the regulator said that a licence has been issued to the Swiss banking group. So what has changed? According to an RBI official, the Enforcement Directorate has cleared UBS’s name in a year-long investigation into alleged irregular foreign currency transactions. More

Indiabulls Financial Services (IBFSL), a leading stock-broking firm, has received Sebi nod to float an asset management company (AMC). Indiabulls AMC will be a subsidiary of IBFSL More

The Securities Appellate Tribunal (SAT), Mumbai, has upheld a penalty imposed by the capital market regulator on HSBC Securities and Capital Markets More

The Cabinet has approved a proposal to issue special marketable securities worth Rs 9,995.99 crore to subscribe to the rights issue of State Bank of India (SBI) More

The Supreme Court in a ruling has said that pricing arrangement between a foreign collaborator and an importer is a clue to decide the contentious issue of technical know-how fees and royalty More

The Bombay High Court has adjourned the hearing on the gas dispute between Reliance Industries (RIL) and Reliance Natural Resources (RNRL) to April 11 at the request of the latter. More

Swiss company F Hoffmann La Roche has moved the Delhi High Court, seeking a direction to restrain Indian pharma major Cipla from manufacturing and selling anti-cancer drug 'Tarceva' More

In a setback to the income tax department, the Supreme Court has upheld that dividend income received from a foreign company is not liable for taxation when there is a Double Taxation Avoidance Agreement (DTAA) with the country the firm is based in More

The general insurance industry grew by about 12% during January with robust performance by private players like Reliance General and Cholamandalam More

In yet another milestone in its entry into the defence sector, the Tatas announced a tie-up with US helicopter firm Sikorsky to manufacture chopper cabins in India More

BAO Steel of China has picked up 35% in a JV with Visa Steel Limited. The new company, Visa Bao Limited, was incorporated earlier this month More

India's premier biotechnology company, Biocon, has achieved a major breakthrough in Europe by acquiring a majority stake in AxiCorp Pharmaceuticals, a leading German company More

North India's healthcare major, Fortis, has completed its maiden acquisition in Tamil Nadu. The acquisition of the 180-bed Malar Hospitals has paved the way for Fortis' entry into south More

Ranbaxy Laboratories has announced that its board of directors has approved demerger of the company’s New Drug Discovery Research (NDDR) unit into a subsidiary, Ranbaxy Life Science Research Ltd (RLSRL) More

Jet Airways, India’s largest private carrier, has struck a strategic partnership with Air Canada aimed at seamlessly transferring passengers between the airlines at London’s Heathrow airport More