Government wants Ambani pact declared 'null' & 'void'
The Indian government Saturday filed a petition before the Supreme Court seeking a direction to declare as "null and void" the private family agreement of the Ambanis that provides for gas supply by Reliance Industries Ltd (RIL) to Reliance Natural Resource Ltd (RNRL), reports PTI.

The government petition has named as respondents RIL led by Mukesh Ambani and RNRL headed by Anil...

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Up in the Air

Last month, when the deputy chairperson of the Maharashtra Legislative Council, Vasant Davkhare, alleged large-scale corruption in the construction of skywalks, everyone was stunned. The government, as usual, assured an investigation into the charges.

Skywalks, or footpath overbridges, are ambitious projects of Mumbai Metropolitan Region Development Authority (MMRDA). Skywalks are an effort...

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Infosys Q1 net profit up 17.3%, sees 1.3% lower FY revenues
Infosys Technologies Ltd, India's second largest software company, Friday reported a 17.3% higher first quarter net profit on 12.7% growth in revenues, and said it sees its full year revenues between Rs214.2 billion to Rs217.5 billion.

For the quarter to end-March, the software company said its net profit rose to Rs15.3 billion from Rs13 billion while total revenues increased to...

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