Business

The government aims to secure $5.5 billion in the current fiscal year ending next March by divesting stakes in state companies.

Hamied created a stir in pharma industry when he slashed the prices of three important cancer drugs by 75 per cent.

The apex court had on November 5 had made it clear that it will not interfere with the policy on FDI in retail.

The Mumbai service tax department has begun impounding Kingfisher Airlines' aircraft.

Reacting to the development, shares of Infosys, lost 2.11 per cent and fell to an intra-day low of Rs 2,378 on the BSE.

Recent outperformers were hit by profit-taking on worries over Parliament's impending vote on FDI in multi-brand retail.

The airline has not paid salary to most of its 4,000 employees since May.

Sahara firms had accused the market regulator Sebi of wrongly charging them of non-compliance with a Supreme Court order in this regard.

The company has told France that it plans to shut the furnaces, which it says are no longer economically viable.

GSK Consumer Healthcare shares jumped to a record high in Mumbai on the GSK move.

Bharti Infratel Ltd is likely to launch its initial public offering to raise up to $900 million (approx Rs 4,993 crore) on December 10.

The Reveune Department might talk to DGCA as Kingfisher is likely to submit a comprehensive revival plan to the aviation regulator.

The IT sector, which gets a substantial share of revenue comes from the US, suffered heavy losses.

The government on Monday received bids worth more than Rs 9,200 crore on the opening day of auction.

Orient-Express Hotels Ltd claimed the third time bid by Tata Group under-valued the company.

The airline has not come up with any revival plan as of now, a government official said.