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Excise policy: ED attaches assets worth Rs 115 cr of 2 approvers

The Enforcement Directorate has attached assets worth more than Rs 115 crore of two of its approvers -- Telugu Desam Party's Lok Sabha poll candidate Magunta Sreenivasulu Reddy's businessman son......

Kavitha forced S C Reddy to pay Rs 25 cr to AAP: CBI

The Central Bureau of Investigation has told a special court here that Bharat Rashtra Samithi leader K Kavitha had allegedly "threatened" Aurobindo Pharma promoter Sharath Chandra Reddy to pay an......

HC upholds Kejriwal's arrest, says law applies equally to all

In a massive blow to Delhi Chief Minister Arvind Kejriwal ahead of the Lok Sabha polls, the Delhi high court on Tuesday upheld his arrest in a money laundering case stemming from the alleged excise......

HC pans Kejriwal for saying approver donated to BJP

The Delhi high court on Tuesday rebuked Chief Minister Arvind Kejriwal for 'casting aspersions' on the judicial process with his claim about an approver in the money laundering case against him......

Excise policy: AAP's Goa poll kickbacks detected in I-T, CBI probes, says ED

The money trail of the alleged Rs 45 crore kickbacks generated from the Delhi excise policy "scam" and used for the 2022 Goa election campaign by the Aam Aadmi Party, as claimed by the Enforcement......

Lower input costs may aid pharma firms' Q2 margins

Analysts are expecting pharmaceutical companies to post sales growth of 10-11 per cent in the second quarter this financial year while the Ebitda (earnings before interest, tax, depreciation, and......

Shares Buyback Breaks 14 Month Record In August

A sharp rise can be attributed to the significant changes in India's share buyback tax regime, which will come into effect from October 1, 2024. Illustration: Dominic Xavier/Rediff.com It's......

Pricing challenge in US biz, rich valuations may weigh on pharma stocks

The tailwind of low price erosion in the US generics market, seen by domestic pharmaceutical companies in calendar year 2023 (CY23), may be reversing slowly, caution analysts. Illustration: Uttam......

Are Indian Markets Overstretched?

The index is currently trading at 149 per cent of its historical P/B valuation, surpassing its previous peak of 125 per cent made in 2020-21. Illustration: Dominic Xavier/Rediff.com Indian......

Aurobindo Pharma: Strong prospects offset by valuation concerns

Since the start of this financial year (FY24), the stock of Aurobindo Pharma has been one of the top pharma gainers, enhancing investor wealth by over 68 per cent, with a third of those gains......

New IPL teams: Goenka gets Lucknow; CVC bags Ahmedabad

IMAGE: The Indian Premier League trophy. Photograph: BCCI Kolkata-based business tycoon Sanjiv Goenka's RP-SG Group claimed the Lucknow franchise for a whopping Rs 7090 crore, while international......

Adani, Goenka could lead the charge at IPL team bidding

IMAGE: There are 22 companies which have picked up tender document worth Rs 10 lakh but with base price for new teams pegged at Rs 2000 crore,......

Deepika-Ranveer Singh to buy IPL team?

IMAGE: Ranveer Singh and Deepika Padukone. Photograph: Pradeep Bandekar After superstar Shah Rukh Khan, and actresses Juhi Chawla and Preity Zinta, expect more Bollywood presence in the Indian......

Manchester United owners 'interested' in new IPL team: Report

IMAGE: Manchester United manager Ole Gunnar Solskjaer, left, with team owners Joel Glazer and Avram Glazer during a training session on April 15, 2019. Photograph: Carl Recine/Reuters Manchester......

BCCI extends deadline for tenders for new IPL teams

IMAGE: The Indian Premier League trophy. Photograph: BCCI The BCCI on Wednesday extended the deadline for purchasing the tender document for the new Indian Premier League teams by another 10 days......

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