Kotak Mahindra, ING Vysya shares soar following merger buzz
Shares of ING Vysya Bank and Kotak Mahindra Bank are witnessing aggressive buying on unconfirmed reports that Kotak Mahindra Bank to acquire ING Vysya Bank and may merge ING with itself. ING Vysya shares were up by Rs. 103 (13.7 per cent) to quote at Rs. 863.70. Shares of Kotak Mahindra Bank have... read more »
Coal block auction to have cushion against tariff shock
NEW DELHI: The government will protect power consumers from getting a tariff shock from coal block auction and cap the number of mines or quantity of reserves that goes to one entity with a view to prevent a monopoly scenario. “It (auction) is not a revenue-maximizing approach … the... read more »
US court overturns bid by Ranbaxy to block launch of rival generic drugs
A US court has denied a request by drugmaker Ranbaxy Laboratories Ltd to stop competitors from launching copies of AstraZeneca Plc’s heartburn pill Nexium and Roche’s antiviral Valcyte, a court filing showed. Ranbaxy had sought the restraining order against Dr Reddy’s Laboratories... read more »
CBI conducts raids on Saradha offices in Kolkata
KOLKATA: Probing the multi-crore-rupee Saradha scam, the CBI on Thursday raided three offices of the tainted group in the city. Since morning, Central Bureau of Investigation (CBI) sleuths conducted searches at Saradha offices in different locations such as Salt Lake, Behala and Bishnupur in the... read more »
Nigeria’s purported Boko Haram leader says has ‘married off’ girls kidna...
A man claiming to be Boko Haram leader Abubakar Shekau has said more than 200 girls kidnapped by the group six months ago were “married off” to its fighters, contradicting... read more »
9 killed in landslides in southwest China
Nine people have been killed inlandslides that struck southwest China’s Yunnan province last week. Nine people were buried as the disasterhit Xiaoxin Village in Dongchuan District of... read more »
Six killed in China bus accident
Beijing: At least six people were killed and 40 injured Monday when a passenger bus overturned in China`s Shanghai city. The accident occurred on a road leading to a bridge connecting the... read more »
Merkel Condemns Cameron’s Plans to Limit Immigration From Other EU Countries: Reports
MOSCOW – German Chancellor Angela Merkel has strongly condemned Britain’s Prime Minister David Cameron’s plans to establish limits on immigration from other European Union... read more »
Australian man drives light plane down main street for a drink at...
A man who taxied his light plane down a key street in Western Australia’s Pilbara region and parked it outdoors a pub is expected to be charged. Newman police sergeant Mark McKenzie stated the... read more »
