Financial Express - India's leading business newspaper from the Indian Express Group

Larsen & Toubro has decided to demerge its cement business as per the recommendations of The Boston Consulting Group.

In a major move on Tuesday, the Securities & Exchange Board of India (Sebi), equating the Automated Stock Lending and Borrowing Mechanism (ALBM) with the badla system, has imposed limits and margins on the product.

Pharma Inc may witness top management changes

The next few weeks are expected to see major top management changes at a host of multinationals, like BASF India, Cyanamid Agro, Glaxo India, SmithKline Beecham, Pfizer and Parke Davis, as they align their domestic operations with that of the parent company.

Teamasia buys out Nasdaq-listed IMP for $6 mn

It's now the turn of the Indian hardware industry to make its mark in the global market. In a first-ever deal of its kind, an Indian company Teamasia Semiconductors has acquired a Nasdaq-listed firm IMP Inc in a $6-million all-cash transaction.

Hrithik in fresh controversy as Today's Pens `signs' him up

After the Coca-Cola-Pepsi ad war involving Bollywood heart-throb Hrithik Roshan, a new controversy is brewing around the star. This one involves Today's Writing Products, which has claimed that Hrithik Roshan is going to do a multi-media advertising campaign to promote its pens.