Engineering conglomerate L&T has gained over 1% to Rs 1610 on the BSE in the early morning trades after the company secured a turnkey order worth Rs 5,100 crore for setting up a 1320 MW supercritical thermal power plant project at Shree Sinaji TPP (Stage-II) on complete engineering-procurement construction basis from the state utility MP Power Genertaing Company Limited (MPPGCL)

The Securities and Exchange Board of India (Sebi) will initiate adjudication proceedings against Plethico Pharmaceuticals for failing to meet the minimum public shareholding norms within the stipulated time period.

At the same time, Sebi has revoked the curbs it had imposed on Plethico as well as its promoters and directors for not achieving the 25 per cent minimum public holding as the firm has been able to achieve compliance.

Reliance Foundation, the philanthropic arm of Reliance Industries, India’s largest private-sector company, and the University of Chicago have announced a collaboration to develop innovative technology that will help train medical students and clinicians for better diagnosis and improved healthcare.

The partnership will develop cloud-based software applications that can train medical professionals using case studies written by experienced physicians and state-of-the-art clinical reasoning methods, RIL said in a statement.

Jabong, the fashion and lifestyle e-commerce portal, has joined hands with four other leading fashion e-commerce businesses present across 23 countries, to become a part of what will be known as the Global Fashion Group.

The agreement means consumers will enjoy more choices and varied price points. “The local brand identity of Jabong will be the same. This tie-up will give us access to more brands and private labels through common sourcing," said Praveen Sinha, founder and chief executive.

Air India (AI) plans to raise its capacity on domestic routes by using Boeing 787 Dreamliner planes. Currently, it uses the narrow body Airbus A320 on home routes.

Currently, it has 16 Boeing 787s and flies these to Europe, Japan, Singapore and Dubai. It also uses them on two domestic routes, Delhi-Kolkata and Delhi-Bangalore. It has 27 Boeing 787s on order and is expecting three additional planes till March 2015. It is expected to use these to ply on other metro routes.

DLF’s dream of building another luxury premium project near the Golf Course Road, Gurgaon, has been hit by a recent order of the Punjab and Haryana high court, setting aside the Haryana government’s allotment of 350 acres.

The land was acquired in an auction for Rs 1,750 crore in 2009-10. The allotment was challenged by farmers and a village panchayat in 2011. In 2012, the HC asked DLF not to carry out any construction or create third-party rights on the lot.

In a sweetener to minority shareholders and mutual funds, Maruti Suzuki on Thursday announced at its annual general meeting that it would pay royalty for all new models in rupees, instead of yen.

The move is meant to address a concern raised by mutual funds and minority shareholders, who had questioned royalty payments the Indian company made every year to its Japanese parent, Suzuki Motor.

South Korean giant Samsung Electronics on Wednesday unveiled a range of devices including Galaxy Note Edge, smartphone with a curved screen that gives it the ability to offer two sources of display.

The phone has a curved 5.6 inch display that extends and wraps around the right side of the smartphone.

NEW DELHI: Being a desi full service carrier ( FSC) is no longer enough. Tata-Singapore Airlines' soon-to-be-launched JV Vistara's announcement of introducing "uber luxury" has led to Air India and Jet joining the race to be the best in the full service segment.

While which airline emerges ahead remains to be seen, the consumer is the clear winner in this race.

MUMBAI: The pressure on Vijay Mallya is likely to intensify as private sector lenders Axis Bank and Federal Bank may begin the process of declaring him a 'willful defaulter', putting them in a position to seize assets pledged as collateral and invoking personal guarantees.

This comes after state-owned United Bank declared Mallya and three directors of Kingfisher Airlines as willful defaulters on Monday.

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