The Government has appointed UTI MF and SBI MF as fund managers of the Postal Life Insurance Fund (POLIF) and Rural Postal Life Insurance Fund (RPOLIF) More

Supreme Court has ruled that once a flat’s cost has been fixed, the Delhi Development Agency (DDA) has no right to impose a surcharge More

In a move that is certain to come as a big embarrassment to the Congress, a city court has asked the CBI to re-investigate the alleged role of former Union minister More

Pravin Mahajan has been sentenced to life imprisonment for the cold blooded murder of his elder brother and senior BJP More

The Delhi High Court has asked the CBI to conduct a preliminary inquiry into the alleged kickbacks paid in the Rs 16,000-crore Scorpene submarine deal More

The Jammu & Kashmir High Court has admitted a case against state’s top functionaries, including chief minister Ghulam Nabi Azad More

There is good news in store for salaried taxpayers, especially expatriates working in India. In case, your employer picks up your tax liability More

The Securities and Exchange Board of India (Sebi) has amended the listing agreement to improve transparency with regard to utilisation of issue proceeds More

The Supreme Court has held that in case of accidental death, the compensation, which is liable to be paid by an insurance company More

The Calcutta High Court has granted the CBI two more months to complete the investigation into the March 14 police More

In what is perhaps the first domestic patent for a new chemical entity (NCE) by an Indian company, drug research company Glenmark Pharmaceuticals More

The government has introduced a lump sum tax scheme for pan masala and gutka manufacturing units under which they can deposit up to Rs 12 lakh a month as More

The directorate general of civil aviation (DGCA) has issued show cause notice against Kingfisher and Jet Airways for not furnishing details of the components charged as tax in their domestic tickets More

Singapore will now have wider access to the Indian market under the bilateral comprehensive economic partnership agreement. India has decided to agree to eliminate More

The Delhi High Court has sought an explanation from the Centre on a petition challenging its decision to grant prospecting license for mining iron ore to Tata Steel More

Hyderabad-based contract research and manufacturing services firm Suven Life Sciences has received its product patent in the US More

In another setback for AstraZeneca, the Indian patent office has turned down the company’s patent application for a new formulation of anti-ulcer drug Omeprazole, reports Khomba Singh from New Delhi More

GALILEO International, a computer reservation service (CRS) company specialising in electronic booking of air tickets, has been exempted More

Excise revenue growth has fallen short of the 10.2% target set by the finance ministry. The growth in excise revenue More

The Supreme Court has admitted a plea alleging evasion of duty by Tata Iron & Steel Company (now Tata Steel) on certain imports from Portugal in 1989 More

Steel baron Lakshmi N Mittal’s joint venture with ONGC Videsh has won an exploration block with estimated gas reserves of two trillion cubic feet (tcf) in Trinidad and Tobago. More

The merger between Kingfisher Airlines and Deccan Aviation may have created one of the biggest airlines in India, but the new grouping is also among the biggest loss makers in terms of accumulated losses More

Bharti Telesoft, a provider of integrated VAS solutions for mobile operators, has acquired the Bangalore headquartered Jataayu Software, a WAP More

Reliance Industries chairman Mukesh Ambani has purchased Rugby Hotel, one of the landmark hotels in Matheran, a tourist destination near Mumbai More

In one of the first deals in the online travel space, Travelguru is acquiring Delhi-based B2B hotel portal Desiya for $25 million (around Rs 100 crore). Travelguru is also scouting for an offline travel player. More

The Board of Directors of airliner Deccan have given a green signal for its merger with high end Kingfisher Airlines. More