Under the agreement, Glenmark will receive an upfront payment of $50 million, which will be used to repay debt, he said. The net debt of the firm as of March stood at Rs 1,900 crore.

The Hyderabad-based pharma major's consolidated net profit grew by 57 per cent (year-on-year) to Rs 310 crore in the fourth quarter ended March 31, 2011.

Surendra Pipara (left) of Reliance ADAG, Unitech Wireless MD Sanjay Chandra (centre) are among the latest businessmen to join former telecom minister Andimuthu Raja in jail.

The new Metropol Parasol is an architectural revelation that has altered the landscape of its city.

Everyone curses the tax man, but Romanian witches, angry about having to pay up for their practise, recently hurled poisonous mandrake into the Danube River to put a hex on the government.

If you think your neighbourhood golf club is insufferably stuffy, joyless, and over-frequented by pretentious knowit-alls, make your own 'space' and try urban golf.

Backed by good monsoon, India is tipped to harvest a record 84.27 million tonnes of wheat in 2011, according to the Agriculture Ministry's third estimates.

IBM Corp. on Tuesday reported stronger-than-expected net income and revenue for the first quarter, helped by the weak dollar and strong performance from its hardware division.

The merger and acquisition deals in India has risen by 270 per cent as the country saw 57 deals happening in the first quarter this year valued at $18.3 billion.

Sir Martin Sorrell, CEO of WPP, says everyone is creative, even financial people, sometimes they can be too creative.

Sir Martin Sorrell is the chief executive officer of the WPP Group, one of the largest advertising firms in the world. He talks to BT's Anumeha Chaturvedi and Somnath Dasgupta.

Antarctica, the land of sculptural icebergs, wallowing seals and rookeries of penguins, is in every way a bucketlist destination. Plan a visit to the white continent with our travel blueprint.

The Comptroller and Auditor General of India report reveals that OVL rushed ahead to strike the deal despite the Russian resources ministry's warning that the London-listed IEC's estimates of oil reserves were highly inflated.

SSTL has so far invested over around Rs 9,900 crore in India, and it is set to invest Rs 30 crore for the roll-out of Data service across Andhra Pradesh.

Bank of America Chief Executive Officer Brian T Moynihan said the management team looks forward to benefiting from Ambani's judgement and experience.

Despite a boom in commodity prices, tourism and remittances, Kerala faces grave problems. The future of the economy lies in the creation of infrastructure like the ICTT and roadways.

With demand remaining strong it may be a good time to have energy commodities - heating oil, gasoline, natural gas and crude oil - in your portfolio.

BRIC countries - Brazil, Russia, India and China - emerged as best performers with revenues increasing by 21 per cent, accounting for 13 per cent of total revenue.

If the predictions hold, this year will be choppy, with more and more fund managers on the Street coming around to the view that the Bombay Stock Exchange's benchmark index, Sensex, will end flat this year, if not in the negative.

The world's most expensive apartments are now ready for their occupants.