Mumbai: State-owned oil and gas major ONGC has decided to invest around Rs 1,22,000 crore to expand its activities in the existing five-year (11th) plan period. This will also include Rs 20,000 crore investment in the country’s east coast.

Director R S Sharma, ONGC Chairman and Managing Director, said, “We have plans to invest Rs 76,000 crore domestically and Rs 46,000 crore overseas during the current five-year plan period ending 2012.”

Mumbai: Indiabulls Financial Services (IBFSL) is thinking of establishing a special purpose vehicle (SPV) in cooperation with Metals and Minerals Trading Corporation Ltd (MMTC) for a commodity exch

The BSE benchmark index, Sensex, today opened strongly at 17,910.30 and gained about 900 points during the day, reaching its highest intraday high.

Mumbai: Sun Pharmaceutical Industries has got nod from USFDA to promote the generic version of Novartis’s Exelon capsules ‘Rivastigmine Tartrate.’

Rivastigmine Tartrate is used for the treatment of Alzheimer’s and Parkinson’s disease.

Sun gets FDA authorization for 1.5mg, 3mg, 4.5mg and 6mg drug potencies.

The yearly sales of Exelon capsules in the US market would be around $200 million in these strengths.

Chennai-based firm, Sun TV Network has announced better-than-expected re