Mahindra and Mahindra's (M&M) agri business division has forayed into branded pulses space with NuPro brand.

The company today launched the NuPro Tur dal in Mumbai and said it will soon expand its footprint in other pulses and related value added products like besan in nearby areas like Pune and Nashik.

Infosys, India’s second largest IT services company, on Monday said that it has signed a definite agreement to acquire Noah Consulting, a provider of advanced information management consulting services for the oil and gas industry.

The acquisition was an all-cash deal, with an aggregate purchase consideration of $70 million (around Rs 454 crore), the company said.

HYDERABAD: In a relief to cash strapped infrastructure developer Lanco Infratech, the Supreme Court on Friday directed the erstwhile Andhra Pradesh power utilities to refund about Rs 175 crore of minimum alternate tax (MAT) collected from Lanco Kondapalli Power (LKPL) from 2001.

Confirming the court's orders upholding orders passed by the Appellate Tribunal for Electricity (APTEL), a senior Lanco Kondapally executive said the issue involved reimbursement of MAT from 2001 to 2012.

Rampant abuse of formal banking channels to illegally remit large sums of foreign exchange outside India is not just limited to Bank of Baroda (BoB) forex scam. The perpetrators have been using the banking channel for the past one-and-a-half year and the amount is well over Rs 50,000 crore, investigating officers from Enforcement Directorate (ED) told dna. According to the ED sleuths, banks are reluctant to lodge First Information Reports (FIRs) on the ground that the money laundering has not caused any loss to them.

The arrests of two senior Northern Railway officials by the Central Bureau of Investigation (CBI) based on the complaints by Indian Railway Catering and Tourism Corporation (IRCTC) for conniving with private catering firms to elbow out the latter's bottled water business just shows how IRCTC now means business with its brand — Rail Neer. In a country where summers are getting hotter and several water dispensers at stations too dirty and unhygienic, the railways own estimate of packaged water bottles on the railway network is around 25 lakh per day. Of this, IRCTC with its four bottling plants has a capacity of 6.

Beverage giant Pepsi has been replaced by Chinese mobile handset maker Vivo as title sponsor for the Indian Premier League (IPL), the annual 20-over cricket tournament, for the 2016 and 2017 seasons.

The sponsorship amount will be Rs 100 crore a year. Pepsi was paying Rs 80 crore a year.

Markets are trading higher in the opening traders tracking positive Asian cues along with strong buying among index heavyweight Reliance Inds post better than expected Q2 results.

Further, China posted its weakest quarterly economic growth since the global financial crisis on Monday, raising pressure on policymakers to cut interest rates further and roll out other support measures to avert a sharper slowdown.

State oil giant Saudi Aramco said on Sunday that an attempted fraud that targeted its trading unit Aramco Trading and India's Oil and Natural Gas Corp (ONGC) had been foiled.

In a brief statement in Arabic, Aramco said: "The attempted fraud has been foiled and did not have any financial impact on either the two companies or on trading relations between them."

In the last few years, litigation between India's largest company, Reliance Industries, and the Indian government and public sector companies has increased, putting at risk investments worth billions of dollars on all sides.

RIL - which seldom took on the government in the past - is doing just that over gas pricing. The government has accused RIL of gold plating its expenditure over Krishna Godavari gas extraction, thereby reducing the government's share of profits.

Mumbai: Amazon.com Inc could emerge as the biggest winner from one of India’s most important festive — and shopping — seasons, after the e-tailer offered steep discounts, swift delivery and even gold bars to grab market share.

The month-long festive season, which began on Monday, culminates in Diwali, or the Festival of Lights, but the first nine days are considered an especially auspicious time to make big purchases.

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