MAHINDRA Satyam has said that it has won an IT outsourcing contract from Swedish defense and aerospace firm, Saab to develop its operations for the global defense and homeland security market in India in a deal valued at an estimated $300 million More

PHARMA company Jubilant Organosys expects to complete the divestment of its non-core business by the end of this fiscal and is also expanding its US operations More

THE race among Indian pharma companies engaged in swine flu vaccine development may soon throw up a winner just when the pandemic enters a critical stage with the onset of winter More

National carrier Air India has announced that it incurred a loss of Rs 5,548 crore in 2008-09 due to global economic slowdown but hoped to post better operating performance this year More

IN an unprecedented move, the judges of the Supreme Court, including Chief Justice of India K G Balakrishnan, voluntarily declared their assets More

THE Lodha Group has received an interim stay order from the Delhi High Court on any fresh bidding for National Textile Corporation’s defunct Finlay Mill after the Mumbai-based developer failed to bag the 10-odd acre property despite emerging the highest bidder More

IN A fresh twist to the ongoing legal battle between FMCG major Reckitt Benckiser and global drugmaker Wyeth over alleged copyright violation over their respective hair-removing creams, the former has appealed against a recent Delhi High Court order which went in favour of Wyeth More

THE Bombay High Court has admitted an application filed by Singapore-based DBS against debt-ridden drugmaker Wockhardt’s plans to divest some of its assets More

THE long-standing dispute on whether judges can be subjected to public scrutiny was sought to be addressed when the Supreme Court came out against the proposal More

IN WHAT could prove to be a breather for the troubled retail chain Subhiksha, the Supreme Court has granted a stay over cases pending against it at the Madras High Court More

In what could be termed as a victory for home grown FMCG player Emami, the Kolkata Civil Court has restrained MNC HUL from running a campaign using the word "boro" in its advertisement for Vaseline More

THE Bombay HC has not quashed the FIR against Delhi-based industrialist Sanjay Dalmia for his alleged attempts to dupe Indiabulls Financial Services but held that he should be given a notice of at least three days, should the investigating authority want to take him into custody More

A local court awarded seven-years imprisonment and a cash penalty of Rs 2.05 lakh to stamp scam convict Abdul Karim Telgi in two cases of cheating More

SETTING at rest the confusion over a recent directive that all foreign nationals holding business visas and working on projects in India have to return to their home countries post their visa period or by October 31 2009, whichever earlier, the ministry of home affairs has issued a clarification demarking business and employment visas More

PERSONAL income tax collections shot up in October following payout of the second and final installment of the Sixth Pay Commission arrears to government employees and pensioners, but corporate tax collections declined over the same month last year, suggesting that the much talked about economic recovery is still to show up in numbers More

THE number of mergers and acquisitions (M&A) and private equity (PE) transactions in India jumped 50% in the month of October this year over the corresponding period last year, led by sharp rise in PE deals More

SMALL and medium-sized enterprises, which depend on expensive loans and often informal finance, will now get a chance to list their stocks and raise money from the public More

THE government has approved eight road projects, entailing an estimated cost of Rs 10,883.89 crore. The Public Private Partnership Appraisal Committee, chaired by finance secretary Ashok Chawla, has cleared major road projects in Jammu & Kashmir, Haryana and Karnataka More

THE GOVERNMENT’S decision to get tough on business visas for foreigners has vastly improved the employability prospects of thousands of Indian-origin people settled overseas and triggered a surge in applications for the overseas citizenship of India (OCI) scheme More

SINGAPORE Telecommunications (SingTel) is increasing its stake in the country’s largest telecom company, by both revenues and customers, Bharti Airtel by 1.52% More

INFRA major GVK is acquiring Flughafen Zurich’s (also known as Unique) 12.2% stake in Bengaluru International Airport (BIAL) for Rs 485 crore. Unique, globally known as the operator of the Zurich airport, had a 17.2% stake in 18-month-old BIAL More

RELIANCE Industries (RIL), India’s largest private sector company by market capitalisation and sales, is close to announcing a major overseas acquisition More

INDIA’S largest refiner Shree Renuka Sugars (SRSL) has bought distressed Brazilian sugar and ethanol producer Vale Do Ivai (VDI) in a $82-million deal More

IN a cash-cum-equity swap deal, Multiplex chain PVR has acquired DLF Group’s DT Cinemas for Rs 60 crore More