The government has said that it has de-reserved 14 more items meant to be exclusively manufactured by the small scale units, in a move to enable them compete globally. With the latest tranche of de-re More

DENA Bank, Andhra Bank, Vijaya Bank and UCO will benefit the most, with the government decision to infuse capital into commercial banks to improve their capital adequacy ratio (CAR). The More

Taking bearish sentiments in the market as blessing in disguise, domestic mutual funds bent on value buying at lower levels and purchased equities worth over Rs 2,000 crore in September. Mutual fund More

A Supreme Court judge has said that a larger bench should decide on segregating the non-compoundable offences which can be quashed on the ground that the parties have reached a compromise from those More

THE Supreme Court has said that the bail granted to the accused is liable to be set aside if the adequate reasons for granting it are not laid out by the court. A bench compr More

To avoid conflicts arising out of various personal laws, there is a growing view that all inter-religious marriages, except those within the Hindu, Buddhist, Sikh and Jain communities, be required t More

The much-awaited Companies Bill, 2008 has been introduced in the Lok Sabha. Minister of Corporate Affairs, Shri Prem Chand Gupta introduced the Bill to consolidate and amend the law relating to comp More

The Delhi High Court imposed a fine of Rs 1 lakh on Dharampal Satyapal Group (DS Group) for placing a defamatory advertisement that lowered the image of judiciary. More

Rajya Sabha has passed the Limited Liability Partnership Bill, 2008. Minister of Corporate Affairs, Shri Prem Chand Gupta presented the Bill for consideration and passage by the House. All members s More

The Supreme Court has held that the property confiscated or seized during investigation could be released only by paying the current market vale of the illegally acquired property. More

India’s largest vaccine maker, Serum Institute of India, has picked up close to 7% stake in rival firm Panacea Biotec. Though the promoters of the Delhi-based Panacea Biotec have a significant holdi More

PUBLIC sector companies, which had been allowed to invest in the equity markets through mutual funds, are now under pressure from the government to stay invested in the crumbling stock market. Accor More

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Jubilant Organosys has realigned the businesses of its two recently acquired companies—HollisterStier Laboratories (US) and Draxis Specialty Pharmaceuticals (Canada)—into specialty pharmaceuticals More

SEBI vide circular SEBI/CFD/DIL/CG/2/2008/23/10 dated 23rd October, 2008 has amended Clause 49 of the Equity Listing Agreement. The original clause requires at least one third o More

SEBI vide its press release dated 27th October, 2008 has decided that consolidation through creeping acquisition shall be allowed up to a maximum of 75%. The earlier position was that promoters coul More

AT a time when most Indian companies are being forced to rework their funding plans given the global liquidity crunch, Reliance Power has managed to tie up a $2-billion financial package for the S More

INDIA’S largest drug maker Ranbaxy is now a subsidiary of Japanese drug major Daiichi Sankyo. The Tokyo-based company bought 21.9% stake from the promoters and another 11% through allotment of pre More

US-BASED Trans-India Acquisition Corporation (TIL) has signed a definitive agreement to acquire over 80% stake in Solar Semiconductor, a city-based solar photovoltaic modules maker. The deal is a r More

DELHI-based realty firm Unitech has offloaded a 60% stake in its telecom venture for Rs 6,120 crore to Norwegian telecom firm Telenor. The proceeds will be used to fund the telecom operations and wi More