In a boost to transparency in public administration, the Supreme Court has ruled that every entry in the Annual Confidential Report (ACR) of public servants barring defence officers must be communicat More

The Supreme Court sought an explanation from the West Bengal government and others on a bunch of petitions challenging acquisition of land at Singur for Tata Motors Nano car project. The court, More

THE Supreme Court has allowed admission of OBC students to post-graduate courses, putting on hold the Calcutta High Court order restraining IIM-Calcutta from rolling out the new reservation regime. More

THE government has approved 18 foreign direct investment (FDI) proposals totalling Rs 1,820.24 crore, including Manipal Educational Group’s plan to induct foreign investment of Rs 1,435 crore in a More

The Supreme Court has ruled that two Indian companies locked in a dispute cannot seek international commercial arbitration, as it tantamount to condoning the home country’s law. While dismissing a More

INSURANCE companies can no longer refuse to renew a health insurance policy on the grounds that insured’s claims ratio (the ratio of claims to premium paid) is too high. The Supreme Court has issu More

The Supreme Court has said that trademark disputes between companies would be decided on the basis of various factors which could differ from case to case. A bench co More

The Supreme Court has ruled that if the accounts of a company are maintained in accordance with the requirements of the Companies Act (CA), the Income Tax Department has no jurisdiction to re-scruti More

Indian equity monetary body Securities and Exchange Board of India (SEBI) has amended SEBI (Foreign Institutional Investors) Regulations Act of 1995. Through t More

A city court has sentenced Vikas and Vishal Yadav to life imprisonment in the Nitish Katara murder case. The court also imposed a penalty of Rs 1,60,000 -- R More

The Supreme Court has upheld 10-year rigorous imprisonment awarded to Shaukat Hussain Guru in the Parliament attack case rejecting the his petition challenging the legality of conviction. The apex c More

THE Supreme Court has said that ‘non-profit’ foreign educational institutions having branch offices in India can claim tax exemption only if they impart education in India. The ‘non-profit’ ta More

The External Commercial Borrowing (ECB) policy is regularly reviewed by the Government in consultation with Reserve Bank of India (RBI) to keep it in tune with the evolving macroeconomic situation, ch More

Telecom infrastructure company Alcatel-Lucent has bagged outsourcing contract for network-managed services (NMS) from Anil Ambani group firm Reliance Communications (RCOM) for both CDMA and GSM networ More

In a reprieve to pharma major Ranbaxy Laboratories, the Supreme Court has held that the company did not violate any law by selling a traumatic pain drug Pentazocine, in the formulation of Pentazocin More

THE Supreme Court has upheld the order which had said that only chartered or cost accountants will be eligible to audit and certify sales tax returns. The decision will affect lawyers specialising i More

Pharma major Zydus Cadila has said it has received approval from Food and Drug Administration (FDA) to market four products, including antidepressant Escitalopram Oxalate tablets in the US. The grou More

The Supreme Court has held that banks and financial institution can claim their dues from stock scam kingpin Ketan Parekh by selling his securities. Upholding the judegment of the Bombay High Court, More

Pharmaceutical firm Suven Life Sciences has said the Russian and Australian Patent offices have granted product patent to the company for compounds used in the treatment of neuro-degenerative diseas More

ABLOATED oil import bill, weakening rupee, and huge FII outflows ($3 billion so far this year) have forced the government to give foreign individuals and corporates easier access to the Indian stock More

On the basis of the discussions between the Empowered Committee (EC) of State Finance Ministers and the Union Finance Minister regarding the compensation package, the Government of India, Ministry o More

Rajeev Misra, global head of Deutsche Bank’s credit trading business, in his individual capacity, has acquired 30% equity stake in Chennai-based Rattha group’s special economic zone project for ab More

AHMEDABAD-Based pharma major Zydus Cadila has acquired 100% stake in Spanish pharma company Laboratorios Combix for an undisclosed sum. The $1.7-billion Spanish pharma market is the fifth-largest ma More

Navratna company Bharat Heavy Electricals (Bhel) has formally taken over Bharat Heavy Plate and Vessels (BHPV). This became a zero liability takeover for Bhel after the central government and the st More

RANBAXY Laboratories has signed a strategic product development agreement with German pharma major Merck for drug discovery and clinical development collaboration in the anti-infectives field. As pe More

The Indian Railways has signed an MoU with their French counterpart SNCF International to modernise railway infrastructure in India. The French are looking to bring investment and technology for dev More

LAFARGE, the world’s second-largest cement maker, has acquired Larsen and Toubro’s ready-mix concrete (RMC) business for $349 million (Rs 1,480 crore). The deal will give Lafarge access to 66 L& More

In what could mark its foray into the real estate and hospitality sectors, Reliance Industries has sealed a $1-billion joint venture with the New York Stock Exchange-listed Vornado Realty Trust to s More

Champagne Indage has said it has acquired the consolidated assets of the UK-based Darlington Wines through its overseas subsidiary. The business is fully backward-and-forward integrated from import More

The Reserve Bank of India (RBI) has approved the merger of Centurion Bank of Punjab (CBoP) with HDFC Bank and the amalgamation would be effective from May 23. “RBI hereby sanctions the appended sc More