Exclusive: Intas set to buy Teva’s UK & Ireland assets for $775 million

With the acquisition of Teva’s products, sold through erstwhile Actavis’ operations, Intas is set to emerge as a top player in the UK generics market. Read more »

Air Costa in talks with foreign airlines for stake sale

Currently, Air Costa operates from eight airports, mainly in southern India, as a regional carrier with a fleet of three Embraer 190 aircraft. Read more »

Hardly any demand for power in country: Coal secretary Anil Swarup

In fact, in the current financial year, there was cut down in coal production so the fossil fuel does not catch fire at the pit heads. Read more »

Reliance Infrastructure to sell power transmission business to Adani for Rs 2,000 crore

While the two companies did not give valuation of the deal, banking sources said the sale consideration was in excess of Rs 2,000 crore. Read more »

NewU launches Jaquline USA brand in India

The brand will feature a range of make-up and beauty products, specially tailored for the modern Indian women, the company said. Read more »

PWC India sees 19.3% topline growth for fiscal ended June 2016

For PWC India, the growth drivers have been GST, audit rotation, government services, FinTech, data analytics and cyber security. Read more »

RBI likely to maintain easy liquidity stance

Liquidity or cash available in the banking system is seen as a key catalyst for passing on the central bank’s rate cut benefits that help... Read more »

Urjit Patel may junk Rajan’s NPA approach; may transfer stressed assets to bad bank entity

Patel pointed out that in 2007-08, the banking sector supported investment in infrastructure and five sectors - contributed to 61% of the stressed assets. Read more »

Jet Airways brings special offer, cuts base fare to Rs 396

Gurgaon-based SpiceJet had announced airfares as low as Rs 888 for its domestic flights and Rs 3,699 for international journey under its festival sale offer. Read more »

Government signs allotment pacts with state PSUs for 7 coal mines

Patal East in Jharkhand has been alloted to Jharkhand State Mineral Development Corp Ltd and Penagaddppa mine in Telangana alloted to Singareni Collieries Company Ltd. Read more »