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 »
Islamic State says it plans tIslamic State says it plans to issue its own currencyo issue ...
They have paraded their own flag, formed courts and ministries, issued passports and even license plates. Now, the leaders of the Islamic State, the violent jihadist group that has seized... read more »
7.3 magnitude earthquake rattles Indonesia, tsunami alert sparks panic
Kota Ternate: A powerful 7.3-magnitude earthquake rocked the Maluku Islands in eastern Indonesia Saturday, sparking a tsunami warning and causing panicked people to flee their homes.Small... read more »
David Cameron: Putin is not a man of his word
David Cameron has suggested that he does not trust Vladimir Putin in an interview ahead of a critical meeting at the G20 summit in Brisbane. Mr Cameron said he was saddened that Mr Putin... read more »
G20 summit: World leaders meet in Brisbane
The two-day summit, attended by the US, Chinese and Russian leaders among others, will focus on promoting growth. In a speech, US President Barack Obama sought to reassure Asia-Pacific... read more »
Sanskrit, not German: Smriti Irani’s Hindutva agenda hurts KV stu...
In the last six years, the number of Indian students going to Germany for higher studies has risen by 114 per cent. Germany is one of the top destinations for Indian students, particularly those... read more »
