Corporates

New Delhi | June 20, 2013 01:53 (IST)

Employees of the Airports Authority of India (AAI) will go on mass casual leave on Friday to protest against the government's intervention in the functioning of the state-owned company.

Mumbai | June 19, 2013 23:09 (IST)

Healthcare firm Fresenius Kabi Oncology approached the Securities Appellate Tribunal (SAT) on Wednesday against market regulator Securities and Exchange Board of Indias order on minimum 25 per cent public shareholding and sought permission to delist its shares from the stock exchanges.

June 19, 2013 22:54 (IST)

News Corp's publishing and entertainment arms began trading separately on a preliminary basis on Wednesday, one of the last steps before Rupert Murdoch's company officially splits in two on June 28.

Frankfurt/London | June 19, 2013 21:06 (IST)

Vodafone is discussing a cash bid worth 7.6 billion euros with Germany's No. 1 cable operator Kabel Deutschland and is confident its offer and absence of antitrust issues put it in a better position than rival Liberty Global, two sources familiar with its thinking said on Wednesday.

Chennai | June 19, 2013 17:40 (IST)

Income Tax raids over 25 premises belonging to the SRM group in Chennai, Tiruchirapalli, Delhi, Ghaziabad, Sonepat and Bangalore.

New Delhi/Libreville | June 19, 2013 17:21 (IST)

Telecom major Bharti Airtel said on Wednesday that it will invest an additional $125 million in African country Gabon on commercial and social programmes.

Brussels, Belgium | June 19, 2013 15:09 (IST)

European Union fines Ranbaxy for blocking cheaper drugs

New Delhi | June 19, 2013 12:26 (IST)

Riluzole is indicated for the treatment of amyotrophic lateral sclerosis. As per the IMS Health sales data for the 12 month period ended March 2013, Riluzole had garnered sales of $64 million in the US market.

June 19, 2013 11:42 (IST)

Facebook is trying to spark its ad growth following a sharp slowdown last year, by taking several initiatives to help boost growth.

Hyderabad | June 19, 2013 11:39 (IST)

The US drug maker requested the court to pass an order to restrain DRL from commercially manufacturing, using, offering for sale, selling, marketing, distributing, or importing DRL's generic paricalcitol injectable products prior to the expiration of said patents.

Seoul, Korea, Republic of | June 19, 2013 09:21 (IST)

Asia's top companies have become more optimistic about their business outlook with the retail and shipping industries rebounding sharply in the second quarter of 2013, the latest Thomson Reuters/INSEAD Asia Business Sentiment Survey shows.

June 18, 2013 23:38 (IST)

Billionaire investor Carl Icahn told Dell Inc shareholders that an investment bank would help fund his offer for the PC maker as he sought to assuage concerns over his means to fund the bid.

New Delhi | June 18, 2013 22:10 (IST)

Infrastructure financing company IDFC said on Tuesday that its board has approved a proposal to seek licence from the Reserve Bank of India (RBI) for setting up a bank.

Mumbai | June 18, 2013 20:45 (IST)

Top private lender ICICI Bank on Tuesday raised yuan 650 million in an offshore Chinese debt market offering, merchant bankers associated with the bond sale said.

Paris | June 18, 2013 20:26 (IST)

Boeing launched a larger version of its flagship Dreamliner aircraft at the Paris Airshow on Tuesday, sharpening the battle with rival Airbus in the booming market for fuel-efficient, long-distance jets.

London | June 18, 2013 19:34 (IST)

Vodafone faces a battle for Germany's largest cable company, Kabel Deutschland, although rival bidder Liberty Global of the United States has bigger regulatory and funding hurdles to overcome.

New Delhi | June 18, 2013 19:34 (IST)

Anglo-Dutch consumer goods giant Unilever Plc is looking to hike stake in its Indian arm HUL to 75 per cent through the open offer. Currently, it has a stake of 52.48 per cent.

New Delhi | June 18, 2013 18:30 (IST)

Outsourcing firm iGate has been slapped with class action lawsuit in the US for alleged violations of federal securities laws in view of its sacked CEO Phaneesh Murthy's "improper relationship" with a subordinate employee.

New Delhi | June 18, 2013 17:44 (IST)

China-based Huawei Telecommunications is targeting sales of 10 lakh smartphones, in the next six months in India.

Reported By: Sam Daniel | Chennai | June 18, 2013 15:40 (IST)

Sleuths of the Income Tax Department today searched more than 25 premises in the city belonging to the SRM group, sources said.