Price Waterhouse auditor Subramani Gopalkrishnan, who was arrested in the Rs 7,136-crore Satyam fraud for allegedly conniving with its founder B Ramalinga Raju and other aides, on Friday moved the Supreme Court seeking bail.
Encouraged by a robust 16.7% growth in industrial output in January, finance minister Pranab Mukherjee on Friday said the economy seemed to be "on the path of fast recovery." The growth in the index of industrial production was driven by a record 56.2% expansion in capital goods output, while manufacturing in general and mining showed high growth.
The Supreme Court on Friday refused to interfere with the Delhi High Court order which struck the telecom minister A Raja's move to arbitrarily advance the cut-off date for granting new licences in September, 2007, as illegal.
With the Supreme Court dismissing Tata Power Company's petition on Friday, ADAG firm Reliance Infrastructure has succeeded in making the former a party in its claim over allocation of power from TPC's 1,777 MW generating plant in an equitable manner and end its dominance in retail supply of electricity in Mumbai.
Even as the turf war on Ulips continues, Regulatory & Development Authority (Irda) chairman J Harinarayan on Friday said Irda should remain the sole regulator for the schemes.
Relief to women in servicesIn a major boost to women serving in the defence services, the Delhi High Court on Friday directed the Centre to allow grant of permanent commission to them.
The IIM-A blackout on salary packages hung over the IIM-Calcutta final placements press conference in Kolkata on Friday, but at least for the batch of 2008-10, placement officers weren't averse to admitting that five of 286 students had got offers of Rs 1-crore-plus, all foreign and in banking.
Road Transport and Highways Minister Kamal Nath on Friday said the government wants to bridge the infrastructure deficit, which is a key challenge for economic growth of the country.
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