Infosys, India’s second largest software services company, expects the recent spate of mergers and acquisitions (M&As) in the global pharmaceutical sector to boost its life sciences business over the next 12 months.

“There is a lot of M&A activity happening in the life sciences space. When M&A is typically initiated, budgets are tightly controlled, because companies are hoarding cash to ward off (rival bids) and to make the sale happen,” said Manish Tandon, senior vice-president and global segment head of life sciences.

R C Bhargava, chairman of Maruti Suzuki India Ltd (MSIL), on Wednesday met Gujarat Chief Minister Anandiben Patel and discussed issues related to the company’s proposed manufacturing plant in the state.

Speaking to Business Standard, Bhargava said, “I had a meeting with the chief minister and the state finance minister (Saurabh Patel).

HYDERABAD: In what is being billed as the single biggest populist measure initiated by any state government in the country, Andhra Pradesh CM-elect Chandrababu Naidu is all set to waive off a staggering Rs 54,000 crore that was taken by farmers as loans from various banks.

New Delhi: A high-level government panel has proposed sharing the burden of stricter green fuel norms with consumers by imposing a cess of 75 paise per litre of diesel and petrol.

India plans to introduce the stricter Bharat Stage V emission norms across the country by 2020 to curb growing air pollution. With Rs.80,000 crore to be spent for upgrading refineries to meet the stricter fuel emission norms, the panel on automobile fuel emissions standards has recommended imposing the “special fuel upgradation cess”.

New members of the Lok Sabha on Wednesday attended Parliament for the first time. However, the House was adjourned shortly after paying tribute to Gopinath Munde, who died in a tragic road accident on Tuesday.

Former parliamentary affairs minister Kamal Nath, who chaired the House as the Pro-tem Speaker, asked members to observe silence to pay tribute to the deceased Bharatiya Janata Party (BJP) leader.

Doing away with certain requirements related to short selling, the Securities and Exchange Board of India (SEBI) on Tuesday eased norms for entities trading in the securities lending and borrowing (SLB) segment.

The rupee recovered marginally by four paise to 59.34 against the US dollar in early trade on Wednesday at the Interbank Foreign Exchange market on fresh selling of the American currency by exporters.

However, the dollar’s strength against other currencies overseas, capped the rupee’s gain.

The Narendra Modi-led government's functioning in its first week has offered a renewed sense of optimism even as no major policy decision or economic reforms have been announced, according to the US corporate sector.

"There is a renewed sense of optimism in the air and we share that sentiment," said the US India Business Council (USIBC) acting president, Diane Farrell.

Maruti Suzuki is looking at an aggressive ramp-up of its dealership presence in the country to meet its target of selling over 2 million cars by 2017. The company plans to double dealer outlets in the next three years from 1,331 at present.

“From the dealership perspective, we focus on how close can we go to our customers. We are looking to double the dealership presence by 2017 to increase our reach,” said Mayank Pareek, chief operating officer (marketing & sales).

The benchmark BSE Sensex gained over 67 points in early trade today on continued capital inflows by funds and retail investors, following the RBI's decision to cut the statutory liquidity ratio (SLR).

Rising for the third straight day, the 30-share barometer surged 67.31 points, or 0.27 per cent, to 24,925.90 with stocks of consumer durables, realty, capital goods and auto sectors leading the rise.

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