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Ranbaxy had to set aside Rs 2,648 crore for provisioning on account of its settlement with US FDA.

According to the top executive compensation report 2011-12, released by global management consultancy Hay Group today, the average CEO (Chief Executive Officer) compensation has crossed Rs two-crore mark, on cost-to-company (CTC) basis.

Birla told NDTV Profit that the cancellation of 2G licenses created some amount of uncertainty.

An Empowered Group of Ministers (EGoM) headed by Finance Minister Pranab Mukherjee is likely to meet on February 24 to consider changes in the natural gas allocation policy.

US President Barack Obama has proposed to establish a new minimum tax on foreign earnings to discourage large US firms from shipping jobs to countries like India.

Microsoft on Wednesday lodged a formal complaint with the European Union's competition regulator against Motorola Mobility and its soon-to-be owner Google

Kingfisher Airlines on Thursday started truncated operations in accordance with its new flight schedule.

Government will endeavour to raise the economic growth rate to 7.5 -8 per cent in the next fiscal, he said.

Samsung said on Thursday that sales of its flagship Galaxy S II topped 20 million handsets since its launch.

Tata Consultancy Services in partnership with the Ministry of External Affairs announced the launch of a centre for application and issuance of passport in the National Capital Region.

P K Goyal, finance director at IOC, said that under recoveries cost IOC Rs 244 crore per day.

Oil Minister Jaipal Reddy told NDTV Profit that the meeting to decide the timeline of divestment of Centre’s 5 per cent stake in the oil firm will take place on February 27.

Infosys is not looking to buy ICICI Bank's stake in Firstsource Solutions, V Balakrishnan, Infosys CFO told NDTV Profit.

HPCL in 2012-13 has proposed to buy 3.5 million tonnes of crude oil from Saudi Aramco of Saudi Arabia against 1.75 million tonnes of oil bought in current year, company sources said.

In separate orders, the Securities and Exchange Board of India (Sebi) directed Vinay R Patel and Vasantkumar Bababhai Patel to pay Rs 10 lakh each as penalty for their role in the stock market fraud.

ING Group is planning to sell its three Asian insurance joint ventures separately from its other Asia assets

UBS said India was still not expensive relative to its regional peers.

Adani's holding company also plans to sell its real estate business, which will be taken over by the group's founding family.