Business

HPCL to become subsidiary of ONGC

HPCL to become subsidiary of ONGC

HPCL on the other hand has a market cap of Rs 58,485.55 crore and buying government's entire 51.11 per cent stake would entail an outgo of Rs 29,900 crore. Finance Minister, Road and Transport Minister and Oil Minister will be a part of the merger panel. A bigger Indian oil company will be able to better withstand the volatility in the global oil market, observers say.


Divestment in best interest of airline, says Air India CMD

Divestment in best interest of airline, says Air India CMD

Lohani called the divestment a "win-win solution" in a letter addressing the employees. Kadian informed that Kadian said a joint forum of unions representing Air India employees will launch a protest in August if the government pursues its plans to privatise the national carrier.


Tamil Nadu MLAs give themselves 100 per cent salary hike

Tamil Nadu MLAs give themselves 100 per cent salary hike

In addition, Mr Palaniswami also announced hike in MLAs LAD Fund from Rs two crore to 2.5 crore, amid loud thumping of desks by the members of the Treasury Benches. "Also, we want the Central government to ensure remunerative prices for agricultural produce and interlinking of rivers to solve the water problem", P Ayyakkannu, President of the National-South Indian Rivers Linking Farmers Association had said.


Vertex Pharmaceuticals surges on cystic fibrosis drug results

Vertex Pharmaceuticals surges on cystic fibrosis drug results

The rating was maintained by UBS on Tuesday, November 10 with "Buy". The stock has "Equal-Weight" rating by Morgan Stanley on Thursday, August 18. 232.42 million shares or 0.81% less from 234.32 million shares in 2016Q3 were reported. It already had Kalydeco, a transmembrane conductance regulator green lit in 2012, and soon added Orkambi (lumacaftor/ivacaftor). Investors sentiment decreased to 0.88 in 2016 Q4.


Mad Cow Disease Case Confirmed in Alabama

Mad Cow Disease Case Confirmed in Alabama

The most common cause of classical BSE is when cows are fed products that contain brain or spinal tissue from other bovine animals. The U.S. Agriculture Department says this only the fifth case of the atypical form of the disease being confirmed in the United States.


Pizza Hut changes its 'DNA' ahead of adding 14000 new drivers

Pizza Hut changes its 'DNA' ahead of adding 14000 new drivers

The chain announced Tuesday that it plans to add about 3,000 new full and part-time drivers each month until the end of the year. The technology is up and working now for all 6,300 USA locations of the chain. With more drivers, reliable delivery times and enhanced online mapping, plus the ability to track orders from any mobile device, Pizza Hut is set to meet the needs of today's connected environment.