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Consumer durables makers such as LG, Samsung and Godrej have increased prices of home appliances by 2-5%, their second hike in three months to offset cost pressures due to depreciating rupee and escalating raw material prices.

US drugmaker Eli Lilly and Jubilant Life Sciences have called off their equal drugdiscovery partnership to develop molecules across several thereupatic areas.

Strides Arcolab has sold its Australian unit, that contained its generic business, for Rs. 19bn to US-based Watson Pharmaceuticals, enabling the Indian company to cut its debt and Watson to enter the generics market.

Around 15 Indian companies, including Tata Power, GMR Group and Adani Power are among candidates shortlisted by the Nigerian government to participate in the privatisation of power projects of state-owned National Electric Power Authority (NEPA).

The Cabinet gave its final consent to the US$8.5bn Cairn-Vedanta deal, after the companies met all conditions set by the government to complete the transaction, government officials said.

India has expressed surprise at top homeware retailer Ikea’s purported thumbs-down on setting up shop in the country, saying that the Swedish firm’s misgivings about local sourcing clauses in the recent policy on single-brand retail needn’t be a deal-breaker.

India’s biggest importer of Iranian crude oil, Mangalore Refinery & Petrochemicals (MRPL), is concerned about possible supply disruption because of international sanctions and is keeping all options open.

The race for acquiring Milestone Capital, the private equity firm based here, is getting intense as Burman brothers, Mohit and Gaurav, promoters of the Dabur group, have joined it by filing a bid.

HUL expects a rent of Rs. 200-250 a sq ft or a capital value of Rs. 3bn from the prime Mumbai property.

Reliance Communications said it had disconnected from its network a mobile phone JV between Abu Dhabi-based Etisalat and India's DB Group over non-payment of fees for using its towers.

Karnataka Cooperative Milk Producers' Federation Limited (KMF), the second largest cooperative dairy in the country launched Nandini GoodLife toned milk in 100 ml Tetra Pak packages at a price point of Rs. four.

Private equity (PE) funds OrbiMed and Ascent Capital will pick up a minority stake in Kerala Institute of Medical Sciences, or KIMS ,for close to Rs1.7bn.

State Bank of India (SBI) has more than doubled the minimum income requirements for availing its car loans, worried its aggressive plan to tap the bottom of the car-buyers pyramid could saddle it with dodgy assets.