Andhra HC vacates status quo order on merger process between two pharmaceutical majors

The Andhra Pradesh High Court today vacated the status quo order it had issued earlier on the merger process between pharmaceutical majors Sun Pharma and Ranbaxy.A petition in this regard was filed by two investors requesting the High Court to restrain the BSE and the NSE from giving any clearance t...

Rupee best performing Asia-Pacific currency in 2014

The rupee's surge this week to 11-month high levels has made it the best performing currency against the US dollar, so far this year, in the Asia-Pacific region. This was attributed to capital inflows, and euphoria around the incoming government. With a gain of about 5.3 per cent since the ...

FIIs pour in Rs 14000 crore in May

Overseas investors have pumped in over 14,000 crore in Indian stocks so far this month as the new BJP government, which is to take charge tomorrow, is seen as being reforms-oriented. According to data from the Securities and Exchange Board of India, Foreign Institutional Investors (FIIs) purchased s...

CAG asks Telecom department for comments on alleged benefit to Airtel and Aircel

The Comptroller and Auditor General, CAG, has asked the Department of Telecom to reply to its draft report wherein it was alleged that Chennai and Tamil Nadu service areas were hastefully merged resulting in undue benefit of 2,400 crore rupees to Airtel and Aircel. In its draft report, CAG alleged t...

Andhar HC vacates status quo order on merger process between two pharmaceutical majors

Andhar HC vacates status quo order on merger process between two pharmaceutical majors The Andhra Pradesh High Court today vacated the status quo order it had issued earlier on the merger process between pharmaceutical majors Sun Pharma and Ranbaxy.A petition in this regard was filed by two investor...

A senior American trade official has said that the US is looking at the recent decision of India to impose anti-dumping duties on US solar panels.He said that it's an important sector and a case has been initiated at the WTO on the local content provision that India's national sola...

Coal import in 2013-14 financial year up by 17.9%

Coal import in 2013-14 financial year increased by 17.9 per cent to 171 million tonnes amid the widening demand-supply gap in the country.According to a coal ministry document, coal import was at 145 million tonnes in 2012-13. It said, as per the 12th Plan documents, coal demand-supply gap is estima...

US legislates to end NSA's bulk collection of phone records

In the United States, the first legislation aimed at ending the National Security Agency's bulk collection of US phone records has been passed by the House of Representatives. The USA Freedom Act would mean that kind of data remains largely in the hands of phone companies. Despite some fear...

World Gold Council welcomes RBI easing gold import curbs

UK holds talks with stakeholders to lift EU ban on Indian mangoes

The British government held talks with all the stakeholders to help in lifting the European Union ban on the import of Indian mangoes before the sanctioned date of December next year. UK environment minister Lord de Mauley hosted a round-table meeting in London with representatives of mango and vege...