Under flak for mounting a Rs 10,733-crore hostile takeover bid on Mindtree, engineering major L&T Tuesday said the deal got triggered after largest shareholder VG Siddhartha approached them three months ago, and exuded confidence in winning over the unhappy promoters.

The stock market continued its winning run for a seventh consecutive session Tuesday with the BSE Sensex rising 268 points to close at over six-month high led by gains in index heavyweights like ITC, RIL and Infosys amid continuous foreign fund inflow.

The increase in dealer margins took effect in January and is done to add liquidity to dealerships amid subdued demand for Maruti Suzuki's passenger cars.

Calling this a strategic fit, S N Subrahmanyan, CEO & Managing Director said, \"This acquisition is part of our strategy to deliver industry-leading IT services to our clients worldwide.\"

The logistics arm of the Adani Group - APSEZ is one of the largest port developers in the country.

Reliance Industries gained Rs 2.8 lakh crore so far in this financial year and TCS added Rs 2.3 lakh crore.

There have been very few instances of hostile takeovers in the Indian corporate history. However, only two such attempt resulted in change of ownership

Quality education is expensive. India has severely under-invested in education over the last 40 years.

DLF has completed and sold a 2.5 million sq ft commercial project 'DLF Corporate Greens' located at Southern Peripheral Road in Sector 74A, Gurugram.

During the past week, the Sensex surged 1,352.89 points or 3.68 per cent to close at 38,024.32 on Friday.

Earlier, debt-ridden RCom in its plea before the NCLAT said that it wants to voluntarily go back into the insolvency process, as it will help to sell its assets in a time-bound manner.

Just last quarter there were indications that the industry was on the verge of mild recovery, even though the distress in the industry is far from over.

\"These actions are part of the Department's continued drive against use of black money by disruptive elements in the state,\" the Income Tax Department said.