The share purchase agreement was finalised on Wednesday and the rest of the Rs 1,020 crore deal will be shut over the course of the following week. The deal was overseen by Havmor's financial advisor KPMG, Veritas Legal, and Dhruva Tax Consultants.

Microsoft Corp agreed to buy LinkedIn Corp for $26.2 billion in its biggest-ever deal, combining the software giant's fast-growing cloud services business with the world's largest online network for professionals.

Kingfisher, with an outstanding debt of Rs 9,000 crore, is just one case. The total money stuck in bad loans was a staggering Rs 4 lakh crore at the end of March 2015. The figure was Rs 1 lakh crore just five years ago.

Redevelopment of New Delhi Railway Station adjoining area as a mini-smart city is proposed to be taken up with an investment of about $24 billion, an official statement released said.

Government said it has cleared 12 foreign investment proposals, including that of Swedish fashion major Hennes & Mauritz, totalling Rs 821.63 crore.

BlackBerry Ltd warned on Friday it expects to report a huge quarterly operating loss next week and that it will cut more than a third of its global workforce, rekindling fears of the company's demise and sending its shares into a tailspin.

Company boards have to be more vigilant for good corporate governance in India.

Chaitanya Kalbag talks about Business Today's latest issue, which exposes the shortcomings of equity research in India. And about BT's annual survey of India's best banks.

Special Correspondent G. Seetharaman talks about his cover story, which exposes the dark underbelly of equity research in India.

Analysts' reports that are critical of companies are always contentious; company boards take analysts' meetings very seriously and with trepidation.

Michael Palmer, President of the Toronto-based Veritas Investment, explains what makes his company's research different, in an e-mail interview with Suman Layak and G. Seetharaman.

Neeraj Monga, Executive Vice President, Veritas Investment, talks about the 'sensational' language of Veritas's reports and other issues, in a phone interview with Business Today. Edited excerpts:

The cosy arrangement of \"see-no-evil, speak-no-evil\" between research analysts and companies in India was shaken in July 2011 when Veritas started analysing large Indian companies. But will its efforts change the way Indian analysts are going about their work?