FIPB approves Aurobindo Pharma’s FDI proposal

New Delhi, June 14 : The Foreign Investment Promotion Board (FIPB) has approved two foreign direct investment (FDI) proposals, including that of Aurobindo Pharma, an official statement said here on Tuesday. “Based on the recommendations of FIPB in its meeting held on May 20, 2016, the government has approved two FDI proposals involving FDI of […]

Court declares Mallya a ‘proclaimed offender’

Mumbai, June 14 : A special court here on Tuesday declared liquor baron Vijay Mallya as a “proclaimed offender” in the ongoing bank loans default and money-laundering cases, officials said. Prevention of Money Laundering Act (PMLA) Special Court Judge P. R. Bhavke issued the proclamation against Mallya, while accepting an application filed by the Enforcement […]

‘Freedom 251’ smartphone set for delivery from June 28: Top official

New Delhi, June 14 : The Rs 251 (less that $4) smartphone that created a global buzz in February is set to be delivered to the first 30,000 customers beginning from June 28, a top official has said. These people had pre-booked the device before the pre-booking website crashed owing to huge traffic. According to […]

Disappointing macro data depresses equity markets

Mumbai, June 14 : Disappointing macro-economic inflation data, along with negative global cues, depressed the Indian equity markets on Tuesday. Consequently, the key indices of the Indian equity markets closed flat, after a late-hour sharp recovery led by value buying pared some of the day’s losses. The wider 51-scrip Nifty of the National Stock Exchange […]