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After wrapping-up the buyout of Asarco for $1.7billion, Vedanta is eyeing more acquisitions owing to the lower valuations of possible targets due to the economic slowdown. Anil Agarwal, the man leading the Vedanta Resources group [...]

Reliance Industries has come up with a new Gas Sales and Purchase Agreement in order to sort out the issues with Fertilizer Units it was involved in a tiff with. The agreement moves on pay-or-take [...]

Citigroup announced that it has been profitable in the first two months of 2009 with Toshiba too registering an operating profit of $1 billion. Though some of the Asian stocks moved north on Wednesday, the [...]

The BPO (Business Process Outsourcing) player, ExlService Holdings posted a drop of 65 percent in the Net Profits of fourth quarter in December 31’08. Post the fall, the value stands at $3.4 million. This is [...]

Annual Inflation rate is believed to become zero or even go negative in coming weeks, but neither the government nor the people seem enthusiastic about it. The value for the index was 2.43 percent on [...]

Government has decided to impose safeguard duty on specified Aluminium products. This is a step to protect the domestic Aluminium industry from more economic imports from China. Safeguard Duty is one of the temporary measures [...]

The chief of Fertilizer Firms’ Association of India has said that the Centre should buy back the bonds that were given to the firms as part of subsidy. Selling of the bonds worth Rs.20,000 has [...]

After getting over of ‘M&A era’ (Mergers and Acquisitions) in 2006 and 2007, the companies are grappling with the problems being faced in ‘integration issues’. During 2006 and 07, several firms belonging to a number [...]

The Indian rupee has made some much needed gains against the US dollar in early trading today. The Monday morning started on a promising note for the rupee with expectations of cash inflows playing their [...]