Aurobindo Pharma's US subsidiary has emerged as the highest bidder for the acquisition of US-based nutritional supplement maker, Natrol Inc, and its other affiliate entities.

Under the auction process, Aurobindo USA emerged as the highest bidder, with a bid of $132.5 million (approximately Rs 808 crore).

Shiv Sena's Ramdas Kadam said that all the 63 MLAs of the party will sit in opposition and will vote against BJP govt during trust vote today.

In its mouthpiece Saamana, Shiv Sena warned its former ally that it will be disrespecting people's mandate if it takes support of NCP which nibbled the state coffers like a mouse.

New Delhi: The acquisition plans of India’s largest power generator NTPC Ltd may not help stranded power plants and financial institutions much, with the state-owned company scaling down its target and demanding that promoters and banks take haircuts.

We expect to acquire around 3,500 megawatts (MW) by March 2015, provided a substantial haircut is taken by the promoters and the banks. The due diligence is on for around seven or eight assets, said Arup Roy Choudhury, chairman and managing director of NTPC.

The central government will have to iron out several issues with the state governments on Goods and Services Tax before it tables the GST Bill in the upcoming winter session of the parliament.

Differences between the state and the Centre continue on the threshold turnover for levying GST. The state governments, under the aegis of the empowered committee of state finance ministers on GST, have also reiterated that alcohol, tobacco and petroleum should be out of the GST regime.

HDFC Bank, the country’s second largest private sector one, has turned even more aggressive in its retail lending this festive season.

The bank is now funding up to 100 per cent of the loan-to-value (LTV) amount for two-wheelers (on-road prices) and for consumer durables. Earlier, it was funding 85 per cent for the former. The new scheme was put in place since the start of the festive season.

If you are have an account with State Bank of India, HDFC Bank or Axis Bank you will have to pay higher charges for using ATM more than five times a month. These banks have hiked the charges for more than five ATM transactions for their own customers and more than three ATM transactions for other bank customers, with effect from November 1. Union Bank of India has hiked the fees for more than eight transactions for its own customers and more than five for other bank customers.

DLF, the land and property development major, is due to release its second quarter (Q2) results this Thursday. It is likely to be a stormy occasion, with last month's action against the company by the Securities and Exchange Board of India (Sebi).

Since the order that banned DLF and its chairman, K P Singh, from accessing the capital markets for three years, the company has struggled. It traded at about Rs 150 a share a little before the Sebi order. This dropped to a low of Rs 100 a couple of sessions after and has since recovered to about Rs 135.

Attempted murder, waging war on the state, criminal intimidation and fraud are some of the charges on the rap sheets of ministers Indian Prime Minister Narendra Modi appointed to the cabinet on Sunday, jarring with his pledge to clean up politics.

Seven of 21 new ministers face prosecution, taking the total in the 66-member cabinet to almost one third, a higher roportion than before the weekend expansion.

The Securities Appellate Tribunal (SAT) on Tuesday admitted the plea of DLF promoters against the Securities and Exchange Board of India (Sebi) order that had barred the real estate major and six other entities from accessing capital markets.

DLF promoters including KP Singh, his children – Pia Singh and Rajiv Singh and two other key management personnel - DLF Managing Director T C Goyal and former MD Ramesh Sanka had approached SAT earlier this month for relief against the Sebi order.

Benchmark indices have come off day’s high and are trading in a narrow range amid positive bias with Sensex and Nifty hovering around 27,900 mark and 8,350 levels, respectively.

Index heavyweight shares like ITC and Infosys are trading lower on account of profit taking whereas rate sensitive shares are witnessing some buying demand.

Inviting Real Estate Agents, Job Placements Agents, Educational Institutes, Software Service Providers, Real Estate Builders, Marriage Bureaus, Travel Agents, Restaurant Owners, Health & Fitness Centers and other Local Businesses to Post a FREE Classified Advertisement on Cootera.com Classifieds Website.