Mukesh Ambani-led Reliance Industries has been ranked second in the list of world’s 10 biggest ‘sustainable value creators’, companies that have been successful in creating the most shareholder value over the last decade, prepared by Boston Consulting Group. The list co…

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New Delhi: State-run Coal India Ltd’s initial public offering will begin on Oct. 18 and close on Oct. 21, the firm’s chairman Partha Bhattacharya told reporters on Tuesday. State-owned Coal India Ltd (CIL), the country’s largest mining company. The company will offload arou…

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The US unit of Indian drugmaker Sun Pharmaceutical has received a warning letter from the United States Food and Drug Administration (USFDA) after its New Jersey manufacturing plant was inspected.Sun plans to respond to the USFDA within 15 days, and the company would work “cooperati…

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The government may give Rashtriya Chemicals and Fertilizers (RCF) natural gas from Oil and Natural Gas Corp’s (ONGC) western offshore C-Series fields in place of cheaper KG-D6 gas it currently gets from Reliance Industries (RIL). RCF currently buys 0.95 million standard cubic meter…

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Chip maker Intel Corp said it would buy security technology firm McAfee Inc for $7.68 billion in an effort to make security technology a strategic focus. Intel said it would pay $48 per share in cash for McAfee in its biggest acquisition ever. The price is a 60 per cent premium to McAfee…

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Icex, which started operations less than a year ago, was founded by Indiabulls and MMTC. It later roped in other investors Reliance-Anil Dhirubhai Ambani Group (ADAG) is reportedly acquiring a 26% stake from Indiabulls Financial Services in Indian Commodity Exchange (Icex). Icex, which…

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The Reserve Bank of India (RBI) today approved the merger of Bank of Rajasthan (BoR) with ICICI Bank, the country’s largest private sector lender. The merger will come into effect from tomorrow.”All branches of BoR will function as branches of ICICI Bank with effect from Augu…

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The Federal Reserve has said the pace of US economic recovery has slowed down in the recent months, giving out strong signals that the world’s largest economy continues to grapple with its financial woes. The apex bank’s latest comment is one of the most pessimistic in many m…

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ABB, the leading power and automation technology, said that its open offer to increase the stake in its Indian subsidiary from 52.11% to 75% has been successful. During the three-week offer period, which closed on Tuesday, shareholders of ABB India tendered approximately 23% of the outst…

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The nation’s largest microfinance company SKS Microfinance today fixed the price band of its IPO at Rs 850 to Rs 985 per share. The Hyderabad-based microfinance firm expects to raise up to Rs 1,654 crore through the initial public offering, which opens on July 28. At the upper end…

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