British drugmaker GlaxoSmithKline said it would buy up to 20.6 million shares of GSK Pharmaceutical at Rs 3,100 a share, a premium of 26 per cent over its closing market price on Friday.

The rupee gained for the first time in four days on Monday, appreciating 39 paise to 61.73 against the dollar, amid indications the RBI had stepped in to support the local currency after a spate of weak economic data.

After shedding 281 points last week, the 30-share index of the Bombay Stock Exchange fell further by 56.06 points, or 0.27 per cent to end at 20,659.52. TheSensex has now lost 667 points in five straight sessions to end at its lowest level since November 28.

GE Healthcare launched two products for newborns focused mainly on India and indeed billed as \"designed in India, for India, that can also benefit the world\".

Business Today successfully wraps up MindRush 2013. Here's a quick look at sessions from Day 2. Featuring: Neha Dhupia, Sadhguru Jaggi Vasudev, Vineet Nayar, Deep Kalra, Sasha Mirchandani and more.

Banking, capital goods and realty shares were among the worst hit after government data on Thursday showed retail inflation soared to a nine-month high of 11.24 per cent and factory output shrank 1.8 per cent.

Here are the highlights from the first day coverage of Business Today MindRush 2013, a two-day event that brings global thought leadership to the doorstep of India. Featuring: Narayana Murthy on what business has taught him, best advice CEOs have ever got and Best CEOs awards.

\"I think organisations must come forward to share information with DRI (Directorate of Revenue Intelligence), just as DRI must come forward to share information with other organisation tasked with collecting one tax or other or enforcing one law or the other,\" Chidambaram said.

The last three years have been among the toughest that Indian business has faced in recent decades. We celebrate CEOs who have managed to thrive despite all this, writes Aroon Purie.

Britannia Industries executive director Varun Berry says going rural would not mean selling only low-priced biscuits in these areas. Premium brands such as Good Day would also be sold there but in smaller packs and at prices local residents can afford.

The new norms, which would also apply to mutual funds and trusts issuing securities or schemes that get listed on stock exchanges, would also require companies to seek entire holdings of all employees and third-party connected persons.

The attempt by India and four other Asian countries to form a club of LNG buyers is praiseworthy. It will not be easy, however, for Asian countries to form a grouping of LNG importers. Many energy industry experts suggest it would be much easier for these countries to become partners in developing new LNG supplies.

Starring: Asha Gupta, Jim Moffatt, John Ryan, Richard Bruton, Satish Nadiger, Vijay S. Subramaniam

\"I am happy to take risks,\" Axis Bank managing director and CEO Sharma says and adds that growing up in an armed forces family teaches one to overcome fear and anxiety, and to cope with situations.

Nitin Paranjpe has been declared best CEO (MNC) and best CEO (FMCG) by Business Today at Mind Rush 2013. 

Kamal K. Sharma came into Lupin after the company went through tough times. For one, the pharma firm was saddled with a massive Rs 500-crore debt. For another, it had missed the bus on global expansion while its peers such as Ranbaxy had started operations in the US.

BNP Paribas believes that concerns about tapering of stimulus by the US Fed might crop up from time to time, the impact of such concerns on the Indian market could be far lower when tapering actually starts.

Ram Charan speaks to N. Madhavan on the changing role of CEOs, whether they are born or made and most importantly, if they should be loved or feared

What traits should a CEO possess to be succesful? Much depends on the environment in which his/her compny operates. Still, there are some qualities the CEO of every company in India had better possess if he hopes to go far.

The rupee fell for the first time in six days, dropping 21 paise to 61.25 against the dollar Wednesday on demand from importers for the US currency and as local equities declined.