The bourses have opened firm, tracking gains in the US and Asia. The Sensex is quoting at 17,314, higher by 125 points, and the Nifty is at 5,170, up 35 points. escort in kiev
Consumer durable maker Panasonic India today said it will invest around Rs 1,400 crore in the next three years to gain about 17 per cent share in 27 lakh domestic air conditioner market.
The Sensex touched a high of 16,943 and is now flat at 16,931, up 18 points.
The stock soared 22% to touch a high of Rs 120 and finally settled with a gains of 20% at Rs 118. The counter clocked heavy trading volumes of over 4 million shares on the BSE today.
In a first at the National Institute of Design (NID), academic profiles were offered to the graduating batch of young designers during placements this year. The annual industry interface at NID campuses in Ahmedabad and Gandhinagar saw around 70 firms visiting the campus. Apart from academics, profiles in auto design, apparel design, retail, and product design were offered by some of the biggies like Honda R&D, Bajaj Auto, LG, Madura Garments, TAFE, Luxor, Godrej Industries Limited, and Godrej & Boyce Manufacturing.
After the contents of his note to the prime minister were made public, Environment Minister Jairam Ramesh called up the AIADMK leader in the Rajya Sabha, D Maitreyan, to see if his ideas could get some support across the political spectrum. When Jairam said he wanted to discuss the policy on climate change with him, Maitreyan was quick to respond, “ Look Jairam, if it is political change, our Madam is ready…” Never one to be caught without a reply, Jairam was equally quick to quip, “I am now tasked with only geographical climate change … political climate is in the hands of our Madam…”
Upscale hotels to see occupancy rates of 40 per cent, mid-scale 25-30 per cent.
Why is Tamil Nadu politician, DMK leader and MP from Perambalur, A Raja, the DMK’s man for all seasons?
Prime Minister Manmohan Singh today announced Rs 1,000 crore assistance to Karnataka to take up flood relief works after undertaking an aerial survey of the rain-ravaged areas in northern districts.
American chocolate maker Hershey and the charitable trust that controls it are nearing a final decision on whether to bid for British confectionery major Cadbury, says a media report.
Gulshan Kumar Pathania, president, Association of Australian Education Representatives in India (AAERI), has revealed that the recent attacks on Indian students in Australia has resulted in new enquiries coming down by 60-70%. “The impact of attacks on Indian students has been severe as the number of enquiries made by Indian students regarding studies in Australia has dipped significantly,” Gulshan added. Gulshan was here to discuss the role being played by Association of Australian Education Representatives (AAERI) to safeguard the interests of Indian students opting for studies in Australia.
Blackstone Group, the world’s largest private-equity firm, may buy the amusement-park business of Anheuser-Busch InBev for about $2.5 billion to $3 billion, according to a person familiar with the discussions.
Satyam founder B Ramalinga Raju"s disclosure of an accounting fraud had posed a major dilemma for market regulator Sebi on whether to halt trade, but it did not although the US banned it for a day.
The markets have resumed their upmove after retreating on Monday. The Sensex has again crossed the 17k mark to 17,045, higher by 62 points, and the Nifty is at 5,090, up 23 points. Metals, energy and realty stocks are in the limelight.
The Sensex is quoting at 17,013, higher by 30 points and the Nifty is at 5,076, up 9 points.
The US markets ended on a mixed note. Dow Jones closed at 10,390, higher by one point, Nasdaq ended at 2,189, lower by four points and the S&P shed two points or 0.25% at 1,103.25.
Welcoming public-private partnership in efforts to provide affordable housing, Union Housing and Urban Poverty Alleviation Minister Kumari Selja today said it was increasingly being seen as a commercial opportunity and not just a welfare programme.
The Board of Approval (BoA), the apex body which clears special economic zone (SEZ) projects, will meet next month to approve fresh proposals.
The echo of India’s controversial Rs 10,000-crore Barak surface-to-air missile deal with Israel is being heard in faraway London. According to a leading London newspaper, “One of the Liberal Democrats’ most generous donors has been accused of accepting tens of millions of pounds in kickbacks from an arms deal between an Israeli company and the Indian Government …” The newspaper quotes Indian sources to say the payments were disguised as ‘business charges’ since India officially prohibits the use of middlemen in defence deals.
General Electric"s financial services arm GE Capital has appointed Steve Sargent as the President and CEO for its Asia Pacific operations.
Foreign airlines can now use larger aircraft and operate additional flights to India during the peak tourist season under the fresh guidelines issued by the government.
Vijay Mallya-promoted Kingfisher Airlines has the dubious distinction of having the maximum cases of pilots found under the influence of alcohol before take-off.
Vijay Mallya-owned Kingfisher Airlines owes over Rs 950 crore to state-run oil companies in unpaid jet fuel bills, Petroleum Minister Murli Deora said today.
The Department of Industrial Policy and Promotion (DIPP) under the Ministry of Commerce has called a meeting on July 10 to discuss the foreign direct investment (FDI) policy in the cigarette industry.
Air India pilots, protesting management"s moves to cut their salaries and allowances, today deferred their strike threat from November 24 by six days, even as the conciliation talks remained inconclusive.
Private sector lender Yes Bank and equity broker India Infoline (IIFL), today entered into a strategic alliance to offer premium brokerage services to the customers of Yes bank and a superior proposition of savings account for IIFL customers.
Mangalore Chemicals and Fertilizers Limited (MCF), a UB Group company and manufacturer of fertiliser, is planning to expand its specialty fertiliser business in the next couple of years. The company, which has over 50 new generation fertiliser products in its basket, plans to expand the business through its integrated nutrient management division, set up four years ago.
The crowd of 600 falls silent as an employee asks Chief Executive Officer Carlos Ghosn if he’s staking too much of Nissan Motor Co’s future on electric cars and not enough on green alternatives like Toyota Motor Corp’s Prius gas-electric hybrid.
Sohini Das / Mumbai December 15, 2009, 0:33 IST
Mihir Mishra / New Delhi November 11, 2009, 0:30 IST
The country"s biggest two-wheeler maker Hero Honda Motors today reported 74.05 per cent jump in its sales in December 2009 at 3,75,838 units as against 2,15,931 units in the same month last year.
M Govinda Rao / New Delhi October 6, 2009, 0:21 IST
Spending target raised to Rs 53,000 crore for 2007-12.
Universal Cables Limited, belonging to the M P Birla group, has clocked in a net profit of Rs 6.95 crore for the quarter ended September 30, from a net loss of Rs 1.37 crores in the corresponding quarter of the previous year. Net sales were at Rs 130.11 crore against Rs 157.96 crore in the previous corresponding quarter. D R Bansal, chief executive officer, attributed this performance to the initiative of putting up a vertical continuous vulcanization line for the manufacture of XLPE cables up to 400 kV in technical collaboration with Furukawa Electric Co Ltd, Japan.
The country"s second largest two-wheeler maker, Bajaj, today reported a 14.62 per cent increase in its motorcycle sales at 2,49,133 units in September.
The stock gained 3 per cent to Rs 525.60, after the company successfully raised Rs 73 crore by private placement of shares with qualified institutional buyers. The board of directors had allotted 1.45 million equity shares at Rs 506 per share, including premium of Rs 496 per equity share.
The government will take stock of Bharat Sanchar Nigam"s (BSNL) poor financial showing - wherein net profit fell to Rs 104 crore in FY09 compared to over Rs 3,000 crore a year ago - and also talk to the management for selling government stake in the telecom company.
Japanese auto maker Honda today said it will hold the world premiere of the concept model of a new small car that has been developed keeping the Indian market in focus at the Auto Expo here next month.
This is one luxury Bangalore can afford not to have. The city is set to add the highest number of “keys” in the upscale rooms category at a time when demand is not so certain.
Bharti Airtel and Cisco today announced a strategic business alliance to create products and services for the small, medium and large enterprises.
The Government is in the final stage of notifying the fuel efficiency standards for automobile sector in the country which will be enforced from 2011, Environment Minister Jairam Ramesh said today.
Jyoti Parikh & Kirit Parikh / New Delhi November 22, 2009, 0:08 IST
Prime Minister Manmohan Singh has conveyed to the United States, India"s concern over misuse of its military and other kind of aid by Pakistan.
As he prepares to meet President Barack Obama in Washington, Prime Minister Manmohan Singh today said a "sustained and dynamic" Indo-US partnership is essential to meet major global challenges like international terrorism, climate change and economic slowdown.
To help India attain low energy-intensive growth, the World Bank aims to increase its lending to the country’s clean-power generation and energy-efficiency programmes.
Rajesh Bhayani / Mumbai January 5, 2010, 0:06 IST
A low-cost diagnostic tool kit that can detect the swine flu virus in just five minutes is being developed by the Indian Council for Medical Research, a top official has said.
Eyeing the forthcoming Commonwealth Games in India as an opportunity to promote tourism in the state, the Haryana government has decided to introduce a bed-and-breakfast scheme.
The multi-million dollar production contract for the Commonwealth Games (CWG) 2010 may be decided between two entities — consortium of Nimbus Communications and Canadian Broadcasting Corporation, and Satellite Information Service Live of United Kingdom — as only these two entities are said to have submitted the bids today, highly places sources said.
Indian business spreads its footprint across the globe.
The Central Board of Excise and Customs (CBEC) has issued Circular number 26/2009-cus dated September 30, 2009, clarifying various changes made consequent to announcement of the new Foreign Trade Policy (FTP). Exporters must take note of the following:
Galla Foods Private Limited, owned by the promoter family of industrial and automotive battery manufacturer Amara Raja Group, is targeting to capture 10 per cent share of the fruit drinks market in India in the next five years.
The country"s exports turned around in November 2009 after falling for 13 months in a row, posting a growth of 18.2 per cent to touch $13.19 billion.
Maruti Suzuki India (MSI), the country"s largest car maker, today said it will launch a new van within this fiscal to replace its MPV Versa, whose production has been stopped.
The Supreme Court (SC) last week asked the Haryana Financial Corporation to refund the amount received from a buyer of a defaulting unit as it had not disclosed certain vital facts to the buyer. The corporation had forfeited the amount when the buyer withdrew from the contract of sale. The SC stated in the case, Haryana Financial Corporation vs Rajesh Gupta, that a “mere perusal of the provisions of the Transfer of Property Act will show that it was incumbent upon the corporation to disclose to the buyer about the non-existence of an independent passage to the unit. It was also the duty of the corporation to inform the buyer that the passage mentioned in the revenue record was not fit for movement of vehicles. The corporation also failed to show the buyer the entire documentation as required by law.”
Business Standard / New Delhi August 26, 2009, 0:43 IST
The mutual fund industry has come for some serious criticism in the recent past. The reason: It has completely missed the stock market rally that started from early March and has given returns of over 70 per cent to investors. Madhusudan Kela, head (equities), Reliance Mutual Fund, which has the highest average assets under management and investor base, speaks to Palak Shah and explains why fund houses are being judged unfairly. Excerpts:
Adidas, which launched its premium lifestyle product – Originals — in India two years ago, is still in the process of educating customers about the different story that the collections, represented by the Trefoil logo, has to tell vis-à-vis its regular "performance’ brands. Timo Pape, adidas’ Director Sport Style, Asia Pacific, spoke to Suvi Dogra about the German sports wear company’s strategy to increase the share of Originals to one-fifth of its business in India. Excerpts:
In order to check price escalation in pulses, Gujarat government has imposed stock limit on pulses. As per the notification issued last week, the stock limit for whole-sellers is 100 tonnes and for retailer it is 50 tonnes.
Buoyed by healthy growth in the first quarter, public sector Corporation Bank today said it expects its total business to cross Rs 1,50,000-crore mark during the current fiscal.
The government has put forward a proposal to do away with the yearly fiscal deficit target from the next financial year (2010-11). Instead, it wants to fix the target as an average over an economic cycle of five to six years.
Utility vehicle maker Mahindra & Mahindra(M&M) is banking on leveraging its popular Bolero brand to expand its presence in the pick-up segment, where it is currently the market leader with an 85 per cent market share.
Wipro finally ended at Rs 625, up 1% from the previous close and Infosys settled flat at Rs 2,323.
The country"s largest private sugar producer, Bajaj Hindusthan, today said it has raised Rs 723.18 crore through the issue of shares.
Tata Power today announced the completion of allotment of $300 million Foreign Currency Convertible Bonds (FCCBs) on November 20.
Brazil’s CSN and Tata Steel, which had once battled for control of Corus, the European steel company, are set to become stakeholders in Australia’s Riversdale Mining.
Singapore"s leading telecom firm SingTel today said contribution of Bharti Airtel, in which the company holds nearly 32 per cent stake, to its profit rose by 26 per cent to 236 million Singapore dollars (around $170 million) for the July-September quarter.
Infrastructure development firm Maytas Infra today said it has bagged an order worth Rs 790 crore from IL&FS Transportation Networks (ITNL) for road construction work.
Delhi Police today questioned Olympic gold medalist Abhinav Bindra"s industrialist father in connection with two cases of cheating, for which he was arrested 24 days ago.
China"s top 500 companies outperformed their US counterparts for the first time last year, a survey conducted by a business group has revealed, as the financial crisis wreaked havoc in the United States.
NCP has "broadly agreed" with its ally Congress on power sharing in Maharashtra and a new government would be in place in the state shortly, party leader Praful Patel said.
With bank deposit rates in a free fall for the last one year, company fixed deposits have started finding many takers.
Oil and Natural Gas Corporation (ONGC) has opposed finance ministry directive of parking its surplus funds with only PSU banks saying it is losing Rs 360 crore of interest revenues annually as state-run banks offer lower interest rates when business is given to them on nomination.
The government today gave a second extension up to March 31, 2010 to commodity exchanges to fall in line with the foreign investment ceiling of 5 per cent for an individual investor within the cap of 49 per cent.
Indiabulls Power Ltd, partly owned by billionaire Lakshmi Mittal, got more than Rs 6,480 crore ($1.4 billion) of bids, or 5.8 times the shares being sold in its initial public offering (IPO).
Central banks plan to raise gold holdings in view of dollar’s fall.
Stalemate over portfolios between Congress and NCP continues to delay the process of government formation in Maharashtra, more than ten days after the ruling coalition stormed back to power in the Assembly elections.
Public sector lender Bank of Maharashtra’s net profit for the July-September quarter rose 22.86 per cent to Rs 86.68 crore from Rs 70.55 crore in the same period a year ago.
The government may selectively extend more sops to exporters rather than withdrawing the stimulus given to them last year in the face of global slowdown, Commerce and Industry Minister Anand Sharma has said.
Trouble in BJP deepened today with Yashwant Sinha quitting as Vice President even as party President Rajnath Singh threatened action against leaders violating party discipline and airing their views in public.
Infosys BPO, the back-office unit of IT firm Infosys Technologies, today said it would hire 1,500-2,000 people by the end of the current fiscal.
Global technology and consultancy giant Accenture today said it is going to add around 8,000 people in India by the end of next year taking its total employee base in the country to 50,000.
Tata Steel has reduced flat steel products prices 4 per cent on account of a weakening global trend. The new prices will be effective November 1. Prices of long products will remain unchanged.
After spending almost a year in Indian hospitals, ailing Congress leader Priyaranjan Dasmunshi was sent to Germany for stem cell treatment at Duesseldorf on Friday night. The German hospital has informed that Dasmunshi will have to stay there for at least 10 days. At least nine people including his brother, Congress leaders, and an old-time personal assistant have taken visas to accompany the ailing leader. Wife Deepa also left for Germany but would return soon because of her engagements related to the Assembly by-elections.
Public sector lender Bank of India today reported a decline of 57 per cent in net profit to Rs 323.34 crore for the second quarter of current fiscal, over the same period a year earlier.
My broker has advised me to invest a lumpsum amount in a Monthly Income Plan (MIP). In the current scenario where interest rates are expected to rise, should I do so? Also, should I invest in more than one MIP for diversification?
BS Reporter / Mumbai July 05, 2009, 0:42 IST
I had invested Rs 25,000 each in HDFC Top 200, HSBC Equity, Reliance Growth and Magnum Taxgain in April 2009. At the time of investment, all these funds were 5-star rated, but now I notice their ratings have come down to 4-star. Have I chosen the correct funds? And, should I remain invested or withdraw? Also, please guide me where I should invest Rs 2-3 lakh for a period of around three years.
Trades between FIIs generated a volume of Rs 38 crore on the BSE Tuesday-an decrease of 38.84% from Rs 62 crore clocked on Monday. As many as six stocks witnessed trades of 7.71 lakh shares on Tuesday.
Powering its way ahead in tapping renewable energy sources for power generation, public sector power utility NTPC (formerly National Thermal Power Corporation) has set the ball rolling for its two solar thermal units of 50 Mw each in Gujarat. The company has firmed up its plans to initially install a solar power generation capacity of 100 Mw in the state, which may go up to 300 Mw at a later stage.
The stock of Infosys Technologies rose nearly 2 per cent to close at Rs 2,235, a level not reached in over two years.
Sequoia Capital India today announced that it has invested Rs 40 crore in Just Dial, a local search engine.
Goldman Sachs Group Inc’s forecast that Brazil, Russia, India and China would eventually eclipse the Group of Seven countries economically has been described as “the biggest market call of the decade.”
India Inc today saw signs of turnaround in the economy with the GDP showing a growth of 6.1 per cent in the first quarter of the fiscal 2009-10.
At last, there is an official admission that there is double-digit inflation in food articles, even according to the Wholesale Price Index. Till about a few weeks ago, this was downplayed on the ground that the total index showed a low inflation level; there was even a fear about deflation setting in! There was a standard, perhaps funny, explanation that the high inflation rate was due to the low base effect. One hears this nonsensical explanation only in India. One would not find it in any article on the subject in an internationally-recognised professional journal. This is an arithmetical and not an economic or technical explanation of the problem.
I pay an annual premium of Rs 12,000 on a unit-liked insurance plan (Ulip). An agent mis-sold me this policy three years back, but I continued with it. I will be completing the three-year lock-in period soon. Should I surrender this policy? When does it make sense to discontinue an Ulip?
Even as the economy is showing signs of revival, industry"s fears about dumping by other countries is on the rise, prompting the government to initiate as many as 20 fresh anti-dumping investigations since the beginning of current financial year, compared to 21 in all of 2008-09.
Salaried employees may burn a hole in their pockets with the government all set to impose tax on all perks --residential accommodation, conveyance and others -- paid for by the company, under a new law that replaces the already abolished Fringe Benefit Tax (FBT).
A new decade started in the year 2010 will witness a radical re-distribution of forces in the world economy.
Oil & Natural Gas Corporation (ONGC), India’s biggest energy explorer, plans to raise $1 billion (Rs 4,669 crore) in a month to refinance debt its unit incurred in the purchase of UK-based Imperial Energy Plc amid low interest rates.
Bharat Petroleum Corporation (BPCL) informed BSE today that BPCL, Oman Oil Company (OOC) and Bharat Oman Refinery (BORL) signed an agreement on November 15, 2009 in Oman on additional investment in BORL by OOC. OOC will invest be Rs 1,220 crore in BORL to hold 26 per cent of the equity share capital of BORL, after full equity closure.
For the second time this month, state-owned oil firms today hiked jet fuel prices, this time by 2.4 per cent following a spurt in international oil rates.
Diversified business house Hero Group has shelved plans to enter the commercial vehicle (CV )segment, for which it had partnered German firm Daimler to produce trucks, due to the economic slowdown.
Using energy more efficiently can reduce our energy needs by 20 per cent; it is a strategy we must pursue even as we promote renewables.
Oil and Natural Gas Corp (ONGC) and its partners will invest about $10 billion in two giant gas fields and an LNG project in Iran, Iranian Deputy Oil Minister Seifollah Jashnsaz said.
The government today requested the Supreme Court Bench adjudicating the gas dispute between Reliance Industries Ltd (RIL) and Reliance Natural Resources Ltd (RNRL) to avoid making any interpretation of the production sharing contract (PSC).
Bank of America has said it will repay $45 billion bailout funds to the US government.
The state-owned oil exploration major ONGC is eyeing a 20-25 per cent stake in a giant Iranian gas field, even as it awaits Tehran’s nod for its plan to develop a gas field it had discovered two years ago.
The rupee today appreciated by 2 paise to 45.69 a dollar in early trade in line with other firming Asian currencies.
Business Standard / New Delhi November 26, 2009, 0:32 IST
Balbir Singh (50) of village Rampura Phool near Bhatinda is a happy man these days. He is getting queries from buyers for his patch of land, on which he has been growing cotton for over 30 years. He found it less remunerative for the past few years and wanted to relocate to some fertile belt of Punjab from the semi-arid belt of Malwa in the state.
Sports Minister M S Gill had to face some tough questioning by his cabinet colleagues today as he sought additional funds for Commonwealth Games (CWG) preparation.
The Orissa cabinet today approved a proposal of the Orissa Power Generation Corporation (OPGC), a joint venture between the Orissa government and the AES, to adopt super critical technology with a configuration of 2X260 Mw and sharing of power for the proposed expansion of unit 3 and unit 4 of the Ib Thermal Power Station of OPGC.
The stock ended flat at Rs 410 and clocked volumes of 201,186 shares at the counter on the BSE. __________________________________
Candidate may not need two-year residual service.
Timothy Geithner / November 1, 2009, 0:58 IST
Maruti Suzuki, the country’s largest manufacturer of cars, is also quite cash-healthy, markedly so in comparison to many of its competitors.
Day one of the final placements at the Indian Institutes of Technology (IITs) has brought the smile back on the faces of students, as big recruiters are back on the campuses. IIT placement representatives say salaries could go up by 30-40 per cent this year.
3 Idiots has passed the cinegoer’s test with flying colours. The Aamir Khan-starrer raked in Rs 12.5 crore on Friday. Experts estimate the movie to net Rs 40 crore over the first weekend from the box office, with gross collections of Rs 65 crore. Khan’s last release, Ghajini, earned around Rs 40 crore net in the first four days, since the movie released on a Thursday. Aamir Khan said: “The response is huge, we are still gathering the enormity of opening collections. To match Ghajini’s opening day collections is something, to surpass Ghajini is completely overwhelming.”
We call it Nano, they don’t have to, says Vice-Chairman Ravi Kant
Millions of fans of Hindi movies will soon be able to watch their favourite Bollywood films in multiplexes, with highly-placed sources in the film production and exhibition business saying a resolution is expected before June 12 to the two-month dispute over revenue-sharing between producers, distributors and multiplex owners.
Amid criticism from some quarters for the Copenhagen accord on climate change, Prime Minister Manmohan Singh today advocated the need for an “informed and rational” debate on solutions that suit India.
Business Standard / December 27, 2009, 0:21 IST
Saubhadro Chatterji / December 20, 2009, 0:11 IST
Shobhana Subramanian & Shyamal Majumdar / Mumbai November 24, 2009, 0:00 IST
Nearly two years after Amitabh Bachchan laid the foundation of a girls college named after his daughter-in-law and actress Aishwarya Rai in Barabanki district, legal formalities have been completed to transfer the land to the organisation building it.
These phones and laptops will make you look like a million bucks.
Videocon thinks integrating set-top boxes with consumer appliances will prove disruptive in the crowded DTH market.
With the demand for power in the state exceeding the supply by about 500 Mw to 600 Mw, the Orissa Electricity Regulatory Commission (OERC) today invited public comments on the consultative staff paper on power regulation in the state.
The West Bengal cabinet in a meeting today okayed creation of 606 new posts and filling up of 264 vacancies in different departments, the state"s finance minister, Asim Dasgupta, said.
The road to Lalgarh, in the heart of West Bengal’s Naxal badlands, is now secure. But it is still a distance too far for many of the districts" administrators to travel.
Nuclear Fuel Complex (NFC) has made history by supplying 11,016 fuel rods from the imported natural Uranium to the Nuclear Power Corporation of India (NPCIL) in a record time of six months for three reactors.
The Kaiga atomic power station (KGS) Unit I, which was shut down for annual maintenance, would be restarted in a couple of days while two other units continue to feed the southern grid, a top NPCIL official said today.
Analysts say the crisis may discourage realty firms from venturing into that market
Sreelatha Menon / New Delhi November 1, 2009, 1:01 IST
The rupee today appreciated by 10 paise to hit a 15-month high of 45.74 a dollar in early trade, tracking other firming Asian currencies.
The rupee today appreciated by 15 paise to 46.09 a dollar in early trade on sustained capital inflows into stock markets.
All-weather roads in the villages of the country has doubled the income of rural households, raised literacy rate by 10 per cent, and appreciated land prices by up to 80 per cent, says the World Bank. “In 2000, about 40 per cent of India’s 825,000 villages lacked all-weather roads ...with access to roads, incomes have soared.
Ranbaxy Laboratories, received the final approval in Canada to manufacture and market Ran-Simvastatin tablets from Health Canada, Therapeutic Products Directorate. The total generic market size of Simvastatin tablets in Canada is $CAD153 million.
Kishore Biyani-led Pantaloon Retail India has booked a total of 22-million sq ft of retail space and plans to make 3-million sq ft operational every year over the next 3-4 years.
State-owned mining giant NMDC is all set to pick up majority stake in Kudremukh Iron Ore Company (KIOCL
Sunil Jain / New Delhi November 09, 2009, 0:56 IST
The government today said Mukesh Ambani-run Reliance Industries has provided most of the papers relating to its eastern offshore KG-D6 gas fields and the nation"s top auditor CAG is ready to begin audit of expenses incurred in developing the fields.
Petroleum PSUs have not made any significant new find in oil and gas reserves in recent years, Minister of State for Petroleum Jitin Prasada told the Lok Sabha today.
Trikona Trinity Capital, the Alternative Investment Market (AIM)-listed real estate fund, has terminated the contract with its India advisers, Trikona Advisors.
The Sensex and the Nifty closed in the red on Friday on profit-booking in technology stocks and lack of interest in other pivotals at current levels. The trading volume on the F&O segment remained lackluster as the Nifty provided little scope for trading since it moved in a tight range of 20-30 points on Friday.
Bangalore-headquartered Biocon and Amylin Pharmaceuticals Inc today announced that they have entered into an exclusive agreement to jointly develop, commercialise and manufacture a novel peptide therapeutic for the potential treatment of diabetes.
The indices closed flat for the third consecutive session. In line with its Asian peers, the Sensex was down nearly 200 points in opening trades. But a recovery in the Japanese markets engineered a turnaround on Dalal Street. The Sensex finally ended at 16,356, lower by one point, and the Nifty closed at 4,906, up 24 points. Consumer durables, IT and auto sectors traded firm, while FMCG and banking were sluggish.
The Sensex has ended (provisional) at 16,393 - up 35 points. The Nifty ended (provisional) at 4,916 - up 34 points.