THE Supreme Court has said that an accused can be convicted on the basis of reliable extrajudicial confessions. It is not open to the court to presume such confessions as weak evidence while deciding More

THE dispute between Coca-Cola and Bisleri over the intellectual property rights (IPR) of Maaza has taken a fresh turn. The Coca-Cola Company (TCCC) has filed a case in the Delhi High Court asking th More

As many as 30 proposals involving foreign investment of over Rs 6,000 crore through holding companies have been cleared by the Foreign Investment Promotion Board (FIPB) in the past couple of months. More

The Delhi High Court directed the MCD to allot the plots at the old rates, as per their own notification, and only on the remaining 37% of the amount. A bench comprising Justices More

A local court ordered police to investigate a complaint lodged against Maharashtra Navnirman Sena (MNS) chief Raj Thackeray and submit a report soon. Chief Judicial Magistrate More

The Delhi High Court was told by the counsel for the families of the victims that the Ansal brothers, owners of the Uphaar Cinema, are guilty for the deaths of 59 people in the fire tragedy 11 years More

CITING evident signs of a global recession, the Reserve Bank of India has opened the sluice gates further making available close to Rs 1, 60,000 cr to banks for onlending. The measures were anticipate More

CAPITAL market regulator, Sebi, has revised the Securities Lending and Borrowing (SLB) system in an effort to get the stock lending and borrowing mechanism in the local markets more functional. The More

AFTER remaining robust in the first six months of the current financial year, direct tax collections seem to be slowing down. Direct tax mopup grew by 11% in October 2008 to Rs 19,708 crore, compare More

FOR the first time, the Reserve Bank of India (RBI) has allowed ready forward (or repo) transactions in oil bonds — a move that could enable oil companies to raise money at a cheaper rate. Oil bon More

The Reserve Bank gave approval to the banks to issue guarantee through standby letters of credit to cover payment obligations arising out of commodity derivative transactions to provide greater flex More

AFTER many years of debate, the government has decided to increase the foreign direct investment (FDI) limit in insurance companies from 26% to 49%. A bill to effect this change will be introduced i More

THE Reserve Bank of India, which has been holding back applications of several foreign venture capital funds for the past few years, is slowly opening the doors to these investors — a decision whi More

THE Foreign Investment Promotion Board (FIPB) has ruled that foreign investment can flow into private equity funds registered as trusts, report Rajat Guha& G Ganapathy Subramaniam from New Delhi More

CASH-rich PSUs such as ONGC, SAIL, BSNL and NTPC are under pressure to declare interim dividends as the government looks at these companies to raise as much as Rs 10,000 crore to shore up its increa More

PUBLIC sector oil explorer ONGC has bagged an oil block in Columbia. An equally-owned consortium of ONGC Videsh (OVL), the overseas arm of ONGC, has been awarded the block through an auction. An ONG More

JAPANESE pharma company Daiichi Sankyo has completed the $4.5-billion acquisition of India’s largest drugmaker Ranbaxy Laboratories by picking up the promoter’s remaining 11.4% stake for Rs 3,537. More

REAL estate prices are unlikely to see the heady levels of late 2007 and early 2008, anytime soon. That could explain why more promoters are getting serious about tapping opportunities in the afford More

JAPAN’S largest mobile operator, NTT DoCo-Mo, has announced the acquisition of a 26% stake in Tata Teleservices (TTSL), the Tata group’s telecom arm, which offers CDMA-based services, for $2.7 b More