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

Reliance plans open offer for L&T

Reliance Industries Ltd (RIL) is positioning itself to take management control of the country's largest diversified conglomerate Larsen & Toubro, which embarked on a organisational restructuring last week.

Panel moots adjudicatory powers for TRAI

The sub-group on telecom set up to strengthen the Telecom Regulatory Authority of India (TRAI) has recommended that TRAI be granted full adjudicatory powers in resolving disputes between the government and private telecom companies.

Glaxo plans organisational revamp to interlink local, global functions

Glaxo India is aligning itself to a new matrix organisational structure, emerging as a consequence of the formation of a worldwide manufacturing and supply organisation within Glaxo Wellcome Plc, the parent company.

ICICI Bank shelves merger talks with Centurion Bank

ICICI Bank has called off the due diligence exercise of Centurion Bank. Sources close to the exercise said ICICI Bank has shelved the plan to take over Centurion Bank following differences over the swap ratio.