MIC Electronics, a Hyderabad-based manufacturer of LED lighting and LED display systems, on Monday said that it would acquire a 51 per cent stake in Bengaluru-based Avni Energy Solutions Pvt Ltd. The

Microsoft unveiled a new mobile phone operating system Windows Phone 7 on Monday as it seeks to regain ground lost to the iPhone, Blackberry and devices powered by Google’s Android software. Microsoft

India’s tea production this year will fall below last year's tally of 979 million kgs as a result of the large-scale destruction of crops due to excessive rain and pest attack in north India, a top Te

With an aim to check frauds and help it probe the suspected fraudulent activities, market watchdog Sebi may prescribe a code of conduct for key executives of market players such as brokerages and merc

INDIA’S largest insurer, Life Insurance Corporation, plans to approach sector regulator IRDA in the next 8-10 days to get approval for floating infrastructure bonds. “We are getting ready to approach

The Supreme Court on Friday stayed the order of the Madras high court directing Sterlite Industries to close down its copper smelting plant in Tuticorin, Tamil Nadu. A bench comprising Justice R. V. R

Tata Steel on Friday said Karl Ulrich Kohler has taken over as the managing director and CEO of its European operations. Mr Kohler, the former chief operating officer of the company, will be inducted

The oil minister, Mr Murli Deora, will pitch for ONGC buying BP Plc’s Vietnam gas fields when the British energy firm’s chairman, Mr Carl-Henric Svanberg, and the newly appointed chief executive, Mr R

Market regulator Sebi has barred 197 foreign funds, including those managed by global financial conglomerates like HSBC, Deutsche Bank and Standard Chartered, and 342 sub-accounts from further trading

The income-tax department has extended the last date of filing returns by corporates for the assessment year 2010-11 to October 15, on account of disturbance due to floods in many parts of the country