The Supreme Court has ruled that no agreement for giving or taking dowry is required to prove the offence of dowry death.While upholding the conviction and sentence of father-in-law for settin More

A stunned India Inc, rattled investors and the government were left to pick through the debris to salvage what is left of Satyam Computer Services after its founder and chairman admitted to committi More

The Supreme Court has ruled that a person who is a transferee of a plot of land allotted to the transferor by an Improvement Trust cannot claim a right to continue with such allotment if it was canc More

THE government has cleared 34 foreign direct investment (FDI) proposals worth Rs 1,615 crore. It has, however, rejected Tata Investment Company’s proposal to issue warrants worth Rs 400 crore to its More

CITIBANK and its four affiliates along with associates of Barclays, Deutsche Bank and JP Morgan have lost their triple A status in India. Rating agency Crisil has downgraded these institutions follo More

Drug maker Aurobindo Pharma has said that it has received approvals from US drug regulator for Stavudine capsules and Stavudine oral solution, which are used in the treatment of HIV-1 infection. The More

US-based private equity fund Providence Equity Partners and UK’s Symphony Capital have emerged as the two largest PE investors in India for 2008, as per data compiled by advisory firm Grant Thornt More

FOREIGN law firms have received a shot in the arm following a judgement from the Bombay High Court which clearly states that their income will be taxable in India only to the extent of their operati More

SINGAPORE’s Changi Airport International Pte has picked up a 26% stake in Bengal Aerotropolis Projects Ltd (BAPL), which is setting up a Rs 10,000-crore airport city in Durgapur. The stake has bee More

INDIAN ethnicwear chain Fabindia has picked up a 25% stake in UKbased womenswear retailer EAST for an undisclosed amount, with an option to acquire the rest of the shares in three years, the New Del More

WIPRO Technologies and Hyderabad software company Megasoft were embarrassed by a belated public disclosure by the World Bank that they had been barred from its contracts in 2007, but both the compan More

A week after Satyam founder B Ramalinga Raju’s scandalous confession, it’s the turn of his auditors. Price Waterhouse has finally admitted that its audit report, which overlooked one of India’ More

Tata Consultancy Services (TCS) is in talks to win two large BPO contracts due to its acquisition of Citigroup's captive BPO, Citigroup Global Services (CGSL), a company official said. India's number More

ONGC Videsh (OVL), the overseas investment arm of India’s largest oil exploration company ONGC, has formally announced the acquisition of Imperial Energy after 96.82% shareholders of the UK-based More

The Indian government has given the go-ahead for UK-based defence giant BAE Systems’s joint venture with Mahindra & Mahindra. BAE will have 26% in the JV, which will manufacture artillery, arm More