India’s leading engineering, technology and construction conglomerate Larson & Toubro (L&T) has announced the sale of its Electrical and Automation (E&A) business to global firm Schneider in an all cash deal for Rs 14,000 crore. &nb

Stepping up its crackdown on money laundering and round-tripping, Sebi recently came out with a detailed framework for risk based Know Your Client (KYC) documentation of foreign portfolio investors (FPIs). Among other things, the market regulator mad

Reliance Communications and Aircel to be merged Anil Ambani led Reliance Communications (RCom) has signed a deal with Maxis Communications Berhad (MCB) for merger of wireless businesses of Aircel Limited with itself. The merger is considered as th

The Parliament has passed the Benami Transactions (Prohibition) Amendment Bill after it was unanimously approved by Rajya Sabha. The comprehensive amendment bill seeks to amend and strengthen Benami Transaction (Prohibition) Act, 1988 in terms of leg