Moving swiftly to rein corruption at various levels, the Nitish Kumar government in Bihar has got the state legislature to pass the Bihar Special Court Bill, 2009, which, among other things, will enab More

The Supreme Court has issued notice to Tata Tea on a petition filed by the Karnataka government seeking to levy sales tax of around Rs 25 crore on raw coffee (coffee berries) procured by the company More

FOREIGN investment inflows into India grew 90% in the first eight months of the current fiscal year, indicating that the country continues to be an attractive destination for investors despite a fal More

The Supreme Court has pulled up Punjab and Haryana High Court for granting anticipatory bail to those involved in a criminal conspiracy and cheating without taking the gravity of the offence into ac More

Being forced to acquit a alleged murderer due to lack of evidence, the Supreme Court has ruled that criminal justice system in the country would be at crossroads unless and until witnesses were give More

The following is the statement of Department of Economic Affairs, Ministry of Finance on inflation issued: Annual (year-on-year) rate of inflation declined by 60 basis point More

The Supreme Court has held that while granting anticipatory bail, courts cannot impose irrelevant conditions on the husband such as directing him to pay maintenance, along with arrears, to the wife. More

THE wait is over for 30 foreign firms to get foreign exchange promotion board’s (FIPB) nod for making downstream investments. The government has allowed them to escape the board and make direct in More

THE government-appointed board of Satyam Computer Services is set to invite expressions of interest (EoIs) from potential bidders after the market regulator allowed it to sell a majority stake in th More

INDIAN drug maker Dr Reddy’s Laboratories (DRL) has won a lawsuit it was facing in the US market on patent infringement in the sale of Omeprazole, a drug used to treat acidity. More

The government has exempted three crucial steel items used in construction and packaging sectors from the list of mandatory quality control order, a move that could increase the supply of low quality More

State-run oil companies slashed prices of jet fuel by around 7%, but airline companies said they would use the opportunity to cover accumulated losses and may not lower air fares in the near term. More

US-BASED cellphone vendor Motorola has restructured its sales and distribution structure in India. The company has terminated its sales and distribution arrangement with Bharti Teletech, a subsidiar More

HCL Technologies has won a Rs 393-crore, seven-year contract from National Insurance Company, beating top Indian IT firms and multinationals. The deal involves implementing a slew of software appli More

THE country’s drug pricing body, National Pharmaceutical Pricing Authority (NPPA), has recommended action against three companies for allegedly changing the composition of some medicines while ret More

Drug-maker Aurobindo Pharma has said that it has received tentative approval from the US drug regulator for antidepressant tablets Escitalopram Oxalate. The company said it got tentative approval fr More

The government has approved 29 foreign direct investment (FDI) proposals worth Rs 616 crore including AAPC Singapore’s Rs 365-crore hotel project. AAPC plans to set up a wholly-owned subsidiary in More

Life Insurance Corporation of India has hiked its stake in Gail India to 10.1% after purchasing over 13.40 lakh shares through the open market. In a filing to the Bombay Stock Exchange, Gail India s More

TOP Indian tech firms, such as TCS, Infosys, Wipro, and HCL, are signing new outsourcing contracts at 15-20% lower billing rates than last year, as customers including BT, Bank of America and Citiba More

Ranbaxy Laboratories has received the final approval from the US Food and Drug Administration’s (USFDA) to sell Ramipril capsules (in 5mg & 10mg), a drug used to treat cardiovascular diseases. More

Drug price regulator the National Pharmaceutical Pricing Authority (NPPA) has revised the rates of three bulk drugs, including chloroquine phosphate that is used in treatment of malaria. The regulat More

WIPRO Infotech, the India and Middle East IT business arm of Wipro, has bagged an IT outsourcing contract from Employees’ State Insurance Corporation (ESIC) worth Rs 1,182 crore. More

Aurobindo Pharma has said that it has received the US health administrator’s approval for Lopinavir/Ritonavir tablets used in the treatment of HIV infections. In a filing to the Bombay Stock Excha More

ARMED with the freedom to fix tariffs, general insurance companies have driven down auto insurance premiums by 20-40% in their scramble for a larger pie of the shrinking car market. Insurers a More

GE Security and Wipro Infotech have jointly announced the signing of an agreement for coming up with physical security solutions in India. According to the agreement, Wipro would work together with More

THE boards of Reliance Industries (RIL) and Reliance Petroleum (RPL) have approved the merger of the two firms, with a swap ratio of one RIL share for 16 RPL shares. The merger will be effective fro More

Pharma firm Piramal Healthcare has said that it has completed the acquisition of US-based Minrad International. In a filing to BSE, Piramal Healthcare said shareholders of Minrad would receive $0.12 More

FRENCH food services giant Sodexo is acquiring Radhakrishna Hospitality Services Group (RKHS), India’s pioneer in the food and facilities management sector, in a transaction valued at over $100 mi More