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Yearly News 2015

Sterlite Technologies acquires Elitecore...

Sterlite Technologies acquires Elitecore Tech for Rs 180-crore

NEW DELHI: Sterlite TechnologiesBSE 2.23 % today announced the acquisition of telecom software product firm Elitecore Technologies at Rs 180 crore in an all-cash deal to widen its telecom portfolio. “This acquisition widens Sterlite’s telecom portfolio of offerings to its global... read more »

Volkswagen unveils five-year investment plan to become world’s leading carmaker by 2018
Volkswagen emissions scandal spreads to ...

Volkswagen emissions scandal spreads to Europe and threatens to embroil mor...

The Volkswagen and Audi diesel emissions scandal which has thrown the global car industry into turmoil has spread to Europe and threatens to embroil more models and rival carmakers. The chief executive of Volkswagen AG, the parent company of Porsche, Seat, Skoda, Bentley, Lamborghini and Bugatti... read more »

French Court Confirms Ban on UberPOP Rid...

French Court Confirms Ban on UberPOP Ride-Sharing Service

PARIS: France’s highest court on Tuesday confirmed a ban on controversial ride-sharing service UberPOP, dismissing a constitutional appeal by the US company. France in January banned the low-cost service, which puts customers in touch with private chauffeurs at budget prices, after furious... read more »

Sri Lanka Rejects International War Crim...

Sri Lanka Rejects International War Crimes Probe

COLOMBO: Sri Lanka’s prime minister on Tuesday rejected a UN call for international involvement in an investigation into alleged war crimes. Ranil Wickremesinghe said talks were under way to establish a credible domestic mechanism to investigate abuses during the decades-long conflict with... read more »

Fury after Saudi Arabia ‘chosen to head key UN human rights panel’

The United Nations has been criticised for handing Saudi Arabia a key human rights role – despite the country having “arguably the worst record in the world” on freedoms... read more »

Nepal in turmoil, protest against new Constitution rages on; 1 person commits suicide, bom...

Protests against the new Constitution in Nepal have intensified with one member of Sadbhavana Party even committing suicide. Nepal Police has also increased its presence along the... read more »

Alexis Tsipras returns to power to secure Greek debt relief

Greek leftist leader Alexis Tsipras will return as prime minister on Monday determined to secure debt relief from the country’s creditors in his “first and most important... read more »

Dr Reddy’s settles patent litigation on Kuvan tablets

he California-based BioMarin Pharmaceutical has entered into a settlement agreement with Dr Reddy’s Laboratories to resolve patent litigation in the US regarding Kuvan, the... read more »

Tata Steel raises Rs 4,000 cr via non-core asset sale

Tata Steel has raised more than Rs 4,100 crore through the sale of non-core assets so far this fiscal as part of efforts to strengthen its balance sheet and generate cash. The Mumbai-based firm... read more »