Apax's holding in Apollo is currently valued at about $190 million as per Thursday's closing price.
Yes Bank expects to launch operations of the securities broking business during fiscal 2013-14 that begins in April
State-run Power Grid Corporation of India today said it would invest Rs 1,327.74 crore for strengthening two transmission systems in the Northern region.
While India's crowded mutual fund industry is facing headwinds in the near term because of new regulations and rising competition, some foreign asset managers such as Japan's Nippon Life Insurance Co are betting on long-term gains in India.
Making competition in the heavy commercial vehicles segment harder, German truck-maker Daimler today rolled out its first series of trucks under the brand name BharatBenz.
US-based cult bike maker Harley-Davidson is looking at North-Eastern states as a major market in coming years and expects double-digit sales growth from the region.
The six sampled food products in which irregularities have been found are salt, mustard oil, honey, black pepper, pineapple jam and Arogya Besan.<br /><br />
Oil and gas output from ONGC Videsh in 2012-13 will be less than last fiscal year's 8.7 million tonnes, its managing director said on Monday.
Lord Kumar Bhattacharyya, the Warwick-based engineer and academic who was a member of the panel that chose Cyrus Mistry as the next chairman of the Tata group of companies, says that the "same charitable culture" will continue in the company.
International Coal Ventures Ltd (ICVL), a consortium of five leading steel and mining PSUs, is looking to buy coking coal assets in the US, a senior company official said today.
Suzlon group subsidiary REpower Systems SE has signed a contract for delivery and construction of 22 wind turbines in Poland for the country's biggest wind farm project.
Suzlon Group subsidiary REpower Systems said that it has signed a 25.6-MW contract with Windkraft Simonsfeld to supply eight turbines for its windfarm project in Austria.
Mahindra & Mahindra, India's biggest utility vehicle maker, plans to export Quanto, its first mini SUV, to Europe and South Africa, said Pravin Shah, chief executive of its automotive division.
Glenmark Pharmaceuticals said it has received tentative approval from the US health regulator for its generic Rizatriptan Benzoate tablets used for treating migraine attacks.
IDFC Private Equity, a unit of Infrastructure Development Finance Co, has invested about 1.55 billion rupees in private dairy firm Parag Milk Foods, the companies said.
Days after the government relaxed FDI norms in the retail sector, the country's apex apparel body AEPC today said foreign retailers must be made to source up to 50 percent from MSMEs to protect domestic manufacturers.
Country's largest software services firm Tata Consultancy Services today opened its Solutions Center in Minneapolis, US.
Reliance Cement Company, the cement subsidiary of Reliance Infrastructure, on Monday commercially launched its product and said it would initially focus its marketing efforts in the Vidarbha region
"After signs of faster growth in the first half of this year, the expansion in premium travel has now clearly flattened out," IATA's assessment of premium and economy travel in July has found.
RBI said that illiquid positions are generally disposed of at much lower price than the value reflected by banks in the books of accounts.
Drug firm Wockhardt said it has received approval from American health regulator to market Lansoprazole, a drug used in treatment of ulcers, in the US market.
Financial Technologies India said private equity firm Blackstone GPV Capital Partners, Mauritius, has increased its stake in the company to over 6 percent through open market transactions.
As per the agreement, IOB will sell Reliance MF products through its 2,689 branches.
Drug major Ranbaxy Laboratories said it has received approval from Malaysian authorities to set up its second manufacturing plant in the country at an investment of $40 million (around Rs 220 crore).
Drug firm Lupin said it has received American health regulator's approval to market Escitalopram tablets, used in treating depressive disorders, in the US market.
Pharmaceutical firm Strides Arcolab said its injectables unit Agila Specialties has received US Food and Drug Administration (USFDA) approval for its Polish sterile facility.
Tata Motors today said Karl Slym, who was slated to take over as the company's Managing Director from October 1, has taken up the assignment ahead of schedule.
Andhra Bank has slashed its interest rates on retail loans, deputy general manager G Ravi Kumar said.
Gender balance board is more likely to pay attention and helps in controlling the risk, the minister said.