Kotak Mahindra, ING Vysya shares soar following merger buzz
Shares of ING Vysya Bank and Kotak Mahindra Bank are witnessing aggressive buying on unconfirmed reports that Kotak Mahindra Bank to acquire ING Vysya Bank and may merge ING with itself. ING Vysya shares were up by Rs. 103 (13.7 per cent) to quote at Rs. 863.70. Shares of Kotak Mahindra Bank have... read more »
Coal block auction to have cushion against tariff shock
NEW DELHI: The government will protect power consumers from getting a tariff shock from coal block auction and cap the number of mines or quantity of reserves that goes to one entity with a view to prevent a monopoly scenario. “It (auction) is not a revenue-maximizing approach … the... read more »
US court overturns bid by Ranbaxy to block launch of rival generic drugs
A US court has denied a request by drugmaker Ranbaxy Laboratories Ltd to stop competitors from launching copies of AstraZeneca Plc’s heartburn pill Nexium and Roche’s antiviral Valcyte, a court filing showed. Ranbaxy had sought the restraining order against Dr Reddy’s Laboratories... read more »
CBI conducts raids on Saradha offices in Kolkata
KOLKATA: Probing the multi-crore-rupee Saradha scam, the CBI on Thursday raided three offices of the tainted group in the city. Since morning, Central Bureau of Investigation (CBI) sleuths conducted searches at Saradha offices in different locations such as Salt Lake, Behala and Bishnupur in the... read more »
Sensex breaches 28,000 for first time ever: Reform push or oil impact?
ndian equity markets opened on a positive note today. The BSE Sensex breached the 28,000-mark for the first time, while NSE Nifty hit a new peak of 8,363.65 in early trade today. The midcap... read more »
Centre to be ready with 500 road projects, looking for foreign loan: Gadkari
The central government is readying almost 500 road projectsafter clearing various approvals and the target is to bring in Rs 5 lakh crore worth of projects in five years, said Nitin... read more »
RBI to sell Rs 10,000cr govt bonds through OMO on Nov 5
Reserve Bank on Monday said it would sell Rs 10,000 crore government bonds through Open Market Operation (OMO) to mop up liquidity from the system. “On an assessment of current and... read more »
Flipkart ties up with payment solutions provider Euronet
BENGALURU: Homegrown e-tailer Flipkart today announced a strategic partnership with Euronet India, secure electronic transaction processing and payment solutions provider, to distribute... read more »
Delhi users please note: Your Airtel postpaid bill will go up by ...
EW DELHI: Country’s biggest telecom operator Airtel has announced an increase in its postpaid monthly charges by about 12% in select plans, effective December in Delhi NCR... read more »
