Suresh Prabhu asks pharma companies to invest in R&D

Commerce and Industry Minister Suresh Prabhu today asked pharmaceutical companies to invest in R&D to bolster the growth of the sector. Read more »

Tata Steel plans to sell South-East Asia operations to focus on Indian market

Tata Steel declined to comment. Under new Chairman Natarajan Chandrasekaran, Tatat Group is exiting businesses that don’t have potential to either scale up or be... Read more »

After I-T letter, Walmart assures tax compliance in Flipkart deal

The acquisition of Flipkart by the world's top retailer is expected to close by the end of the calendar year. Read more »

Domestic steel prices plummet on rise in imports and softening global rates

To be sure, with the monsoons setting in, prices of long products used in construction are bound to trend lower. However, while every year the fall is about Rs1,000-1,500 per tonne, this... Read more »

NCLAT sets aside order giving relief to 5 directors of Nirav Modi firm in PNB fraud case

Allowing the government's appeal, the tribunal set aside the NCLT Mumbai order observing that they had exposure with the PNB and are found to be beneficiaries of the fraud. Read more »

DoT rejects RCom’s complaint on discriminatory treatment

Officials in the ministry added that DoT intends to go ahead with an appeal in the Supreme Court against a telecom tribunal ruling asking it to release bank guarantees worth Rs 2,000... Read more »

NCLT nod to Tata Communications land demerger into Hemisphere Properties India

The NCLT nod comes about two months after the Cabinet had cleared infusion of Rs 700 crore as equity and Rs 51 crore as secured loan into HPIL. Read more »

IIT Kharagpur features in Top 100 of The Golden Age University Rankings

IIT KGP was placed 45th in the list that includes more than 350 universities from 42 countries across four continents. Peking University of China tops the list, the release said. Read more »

Essar dedicates newly commissioned Vizag Iron ore handling complex to nation

“The Vizag iron ore handling complex is a facility that is truly a national asset. We are committed to realising the Government’s vision of port-led... Read more »

Whatever is in national interest will be done: India on import of oil from Iran post US sanctions

The Iranian embassy released a statement yesterday that Tehran would do its best to ensure security of oil supply to New Delhi, asserting that it had been a reliable energy partner for... Read more »