Exports declined by 20.7 percent in August, says Commerce Ministry
The Ministry of Commerce and Industry has said that India’s exports plunged 20.7 per cent in August this year, to 21.3 billion dollars. In data appearing in the public domain, the ministry said that this was ninth consecutive month when exports have slumped and global economic slowdown and... read more »
L&T gets Rs 1,700-cr job order to build Bangladesh power plant
Engineering and construction major Larsen & Toubro (L&T) on Wednesday said it has bagged a Rs 1,700 crore order from Japan’s Marubeni Corporation to set up a 400-MW gas-based power plant in Bangladesh. “Bangladesh Power Development Board awarded the EPC contract for setting up the... read more »
Sun Pharma enters into agreement to acquire InSite Vision
Drug major Sun Pharmaceutical Industries has entered into an agreement with InSite Vision to acquire the US-based eyecare firm for around $48 million plus related debt and other transaction costs to strengthen its branded ophthalmic portfolio in the US. One of the company’s subsidiaries has... read more »
Hewlett-Packard To Cut Up To 30,000 Jobs
Hewlett-Packard (HP) has embarked on a new round of job cuts as it prepares to be split in to two units. The technology firm said between 25,000-30,000 roles would go at HP Enterprise, a business it is creating to bundle together its data analysis and software divisions – separating them from... read more »
Sunanda Pushkar murder case: Shashi Tharoor likely to undergo polygraph test
Delhi Police’s Special Investigation Team (SIT) is expected to conduct a polygraph test on Congress leader Shashi Tharoor in connection with the death case of his wife Sunanda... read more »
Give all info on Priyanka Vadra’s land purchase in 10 days, says HP state info commi...
The Himachal Pradesh State Information Commission today rejected the contention that information regarding purchase of land by Priyanka Vadra cannot be given for security reasons, and... read more »
Gold, silver prices drop on weak global cues, low demand
After rising for two days, gold prices went down by Rs 100 to Rs 26,850 per 10 grams at the bullion market on Tuesday, tracking a weak global trend amid slackened demand from... read more »
IPOs IndiGo, Infibeam, Teamlease looking to raise over Rs 3000 cr
In a big day for Initial Public Offers, at least three companies — low-cost carrier IndiGo, staffing firm Teamlease and e-retailer Infibeam — have lined up public offers to... read more »
Relief for Nestle India as Bombay HC allows it to export Maggi
Nestle India’s senior counsel Iqbal Chagla informed the division bench of justice VM Kanade and justice BP Colabawala that 40,000 crore packets were to be recalled from across the country. He... read more »
