Companies

Sun Pharma shares slide over USFDA observations on Halol unit

An observation letter is usually issued to a drug manufacturing unit in case of violations of existing US norms.

Dec 7, 2016

Samsung wins US Supreme Court fight with Apple in $399 million patent appeal

The US Supreme Court has sided with Samsung saying the company does not have to pay its entire profit from sales of the disputed products.

Dec 7, 2016

Microsoft's $26.2 billion acquisition of LinkedIn cleared by EU commission

Microsoft announced in June this year that it would buy LinkedIn Corp in an all-cash transaction for $26.2 billion

Dec 6, 2016

Biocon to maintain margin despite fall in India sales: Kiran Mazumdar Shaw

Despite a dip in domestic sales after demonetisation, Biocon's export realisations have improved on a depreciating rupee.

Dec 6, 2016

Essar Power approaches banks for debt recast for Mahan project: Report

The private power producer is said to have asked banks to dilute its stake in the Mahan project as part of the Rs 6,564 crore debt restructuring proposal.

Dec 6, 2016

Top Indian politician Jayalalithaa Jayaram, Chief Minister of Tamil Nadu, dies aged 68

The Chief Minister of the southern Indian state of Tamil Nadu, Jayalalithaa Jayaram, has died at the age of 68. Also known as Amma (mother), she suffered a cardiac arrest on 4 December. She had been ailing in hospital since September. Jayalalithaa was a controversial figure with a string of corruption scandals throughout her political career. She served as Tamil Nadu Chief Minister three times.

Dec 6, 2016

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Laurus Labs IPO: Details about the company, public issue, anchor investors

The Rs 1,332-crore, three-day initial public offering (IPO) of Hyderbad-based Laurus Labs opens on December 6 2016.

Dec 6, 2016

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Steel prices to see limited upside owing to demonetisation

Despite a sharp rise in raw material prices, steel producers will not be able to pass on the cost to consumers due to a possible dip in construction activity after demonetisation.

Dec 6, 2016

Deloitte fined record $8 million by US auditing watchdog

The global auditing firm's Brazilian arm manipulated auditing documents and gave false testimony to thwart investigation.

Dec 6, 2016

ISS advises TCS shareholders to vote against Mistry's ouster

According to the global proxy advisory firm, neither Tata Sons nor TCS are providing compelling reasons for Mistry's removal.

Dec 5, 2016

Demonetisation impact on MFIs: Situation 'much better' compared to last week, says Ujjivan

After feeling the initial pinch of demonetisation, microfinance institutions are slowly witnessing improvements in loan collections and disbursements.

Dec 5, 2016

Paytm to merge its wallet business with proposed payments bank

The digital payment services provider will have to comply with RBI guidelines before starting payments bank operations.

Dec 5, 2016

Little girl surprises doctors after waking up from coma

One-year-old Marwa was put into a coma by doctors who were trying to save her life after she suffered from a virus infection that was attacking her whole body. After showing no signs of improvement the doctors recommended Marwa to be taken off life support but her parents refused. Luckily a judge granted them another two months to see if the little girl would recover and on 22 November Marwa awoke from the coma.

Dec 3, 2016