TELECOM regulator Trai has sent its revised recommendations on satellite radio, where it has recommended an FDI cap of 74% and a 4% revenue share for all players who want to offer services on this More

THE Supreme Court has said that the Hindu Marriage Act has broken homes than uniting them, taking note of divorce cases flooding the courts. “The Hindu Marriage Act has broken more More

In a major relief for Sahara India Commercial Cooperation Ltd (SICCL), the Supreme Court today permitted the company to restore tin fencing of Sahara Shahr project in Gomti Nagar, Lucknow. A vac More

Collection from Corporate Income Tax and Personal Income Tax as on 21st June, 2008 is Rs. 49,411 crore exhibiting a growth rate of 43.45% over previous year. The collection from Corporate Income More

A top police official hastoday admitted that there was no clarity in the SC/ST (Prevention of Atrocities) Act regarding whether a complainant has to be present at the site where a section of the More

In a pre-IPO placement, Lotus Eye Care Hospital has sold 2.55 lakh shares of Rs 10 each at a price of Rs 50 each to Bennett, Coleman & Company (BCCL), publishers of The Times of India and The More

In what could play a crucial role in the Ranbaxy-Daiichi deal, it has been learnt that there is a clause in the agreement which says the 34.8% holding of promoters will be sold through a stock e More

Drug maker Glenmark Pharmaceuticals said it has received approval from the United States Food and Drug Administration (FDA) for marketing and distribution of Trandolapril tablets, used in the tr More

REAL estate firm Housing Development and Infrastructure (HDIL) has said that it has acquired a 51% stake in Broadcast Initiative (BIL), a Sri Adhikari Brothers - controlled media firm, More

Bharti Airtel and US-based networks security major VeriSign have entered into an exclusive threeyear arrangement where both companies will jointly develop specific security solutions for Indian More

PRIVATE equity firm Goldman Sachs has acquired a minority stake in Shapoorji Pallonji’s engineering arm Sterling & Wilson for over Rs 200 crore. Confirming the development, Khurshed Daruva More

MID-sized pharma firm Maneesh Pharmaceuticals has acquired 51% stake in US-based Synovics Pharmaceuticals for an undisclosed amount. It has become fourth Indian pharma firm after Sun Pharmaceuti More

Mumbai-based Kamanwala Housing Construction (KHCL), a listed entity, has said that it has picked up 10% stake in an upcoming IT park in Noida for Rs 25 crore. The project is coming up on 25 acres," sa More

Tech Mahindra has inked an $8-million deal with Telecom Fiji, subsidiary of Amalgamated Telecom Holdings (ATH). Tech Mahindra will utilize its solution frameworks and system integration to execute More

Future Group flagship enterprise Pantaloon Retail has signed a 50-50 JV with French apparel firm Celio to add to its garment retailing in India. The company is also planning to add another 3-4 milli More

ITALY’s luxury sportswear brand Paul & Shark has struck an equal joint venture with Reliance Brands to open doors in India. The $600-million family run fashion business will apply to FIPB for More

Telecom major MTN, currently in exclusive negotiations with India's Anil Ambani-led Reliance Communications for a possible merger, announced acquisition of Verizon South Africa, an internet service More