The Board of Control for Cricket in India (BCCI) has extended Sahara"s contract for another six months as the Indian team’s sponsor for the same price the company had paid earlier. Sahara had paid around Rs 1.9 crore per test match and one-day international (ODI), while it will pay Rs 1.5 crore for T20 matches.
Tata Realty and Infrastructure Ltd (TRIL), a 100 per cent subsidiary of Tata Sons Ltd, will invest Rs 3,500 crore in setting up an information technology (IT) Special Economic Zone (SEZ) at Taramani, Chennai. The project will have both commercial and residential projects.
With prices of essential commodities going through the roof, public distribution shops (PDS) in Kerala are back in action.
Hiring activity for Kolkata increased by 7.05 per cent in November compared to October 2009, said a report from JobSpeak, the monthly job index released by Naukri.com.
In a mega-expansion spree, Dalmia group"s home decor retail chain, Rosebys, plans to rollout 500-700-stores across the country over the next 3-5 years.
Shivani Shinde / Mumbai July 20, 2009, 0:27 IST
Energy-hungry India will from November receive additional liquefied natural gas (LNG) from Qatar, raising imports of the fuel to 7.5 million tons a year.
The ratio of volatile capital flows, comprising cumulative portfolio investments and short-term debt, to India’s forex reserves moved up to 51.1 per cent at the end of March 2009 from 45.4 per cent a year ago. This ratio was 46.2 per cent at the end of March 2007.
The country"s largest liquefied natural gas importer, Petronet LNG Ltd, may come out with a $100 million follow-up public offer or a rights issue in 2011-12 to part fund a 1,200-Mw power plant, to be set up at Dahej in Gujarat.
The lamps you light on Diwali or the "rakhi" you tie on your brother"s wrist may not have been made by domestic craftsmen. Chances are you may be tying your brother a China-made rakhi and lighting Chinese lamps.
Indian spices to pep up the hot curries are a sure winner here with Malaysia emerging as the second largest importer, after the United States, with its imports worth $79 millions last year.
With the global venture capital industry showing signs of recovery, investment levels into India are expected to increase the most compared to others in the Asia-Pacific region over next three years, says a survey by Deloitte.
The International Monetary Fund has welcomed the Chinese decision to invest $50 billion in notes issued by IMF which would help in addressing the issues of the global financial crisis in third world countries.
Prime Minister Manmohan Singh today said the country"s economy is even now capable of growing by 8-9 per cent, the same rate as it did before the global financial meltdown set in.
The government"s direct tax arrears, including income and corporate tax, stood at over Rs 2.1 lakh crore at the end of May this year, while about eight per cent of the total amount was collected so far.
The government has uncollected revenue of over Rs 1.24 lakh crore in respect of corporate and income taxes at the end of 2007-08, a Comptroller and Auditor General of India (CAG) report said.
Natarajan Chandrasekaran (called Chandra by colleagues and friends) will take charge as the managing director and chief executive officer (MD & CEO) of India’s largest information technology services provider, Tata Consultancy Services (TCS), from S Ramadorai tomorrow. He’s the third in the line of TCS’ CEOs, after F C Kohli and Ramadorai.
At the Bank of America Corp office in Washington, employees are fielding as many as 10 calls a day from Capitol Hill, up from about two a year ago.
Vedanta Resources Chairman Anil Agarwal today said the company would bid for Ultra Mega Power Projects (UMPPs) and coal blocks as and when the government puts these on auction and added it has plans of Rs 70,000 crore till 2011-12.
While L&T’s December quarter results and cut in its 2009-10 guidance are disappointing, most analysts believe it to be a blip.
Congress nominee and President Pratibha Patil"s son Raosaheb Shekhawat further consolidates his lead, by a margin of 6,640 votes, over Congress rebel Sunil Deshmukh, at the end of eleventh round of counting in Amravati constituency.
Orissa government today said it would seek people’s support for the implementation of mega projects, including Rs 51,000 crore proposed steel plant to be set up by South Korean firm Posco.
NRI steel tycoon Lakshmi Mittal has donated 15 million pounds towards creation of a landmark art installation in East End in honour of the 2012 Olympics.
FMCG to aerospace products-maker, Godrej Group, has tied-up with Big Synergy and STAR television network to produce and air a reality show from mid-June, which seeks a wider audience from India’s growing middle-class for its lifestyle products.
The Orissa government has asked oil companies to open more LPG outlets by appointing agents in all the 314 blocks of the state, official sources said.
Supporters of Y S Jaganmohan Reddy today sought to step up the campaign for making him the Chief Minister of Andhra Pradesh even as the interim incumbent K Rosaiah ruled out the possibility of any division in the party.
Intensifying its probe into the helicopter crash, which claimed the lives of Andhra Pradesh Chief Minister Y S Rajashekhar Reddy, the Directorate General of Civil Aviation team today collected the debris of the chopper and will visit the crash site tomorrow.
The manufacturer of Bell helicopters has offered its assistance to Indian authorities in probing into the crash of the Bell-430 chopper which claimed the lives of Andhra Pradesh Chief Minister Y S Rajashekhar Reddy and four others.
In a development that would enable better and more affordable treatment for HIV/AIDS patients on second-line antiretroviral (ARV) therapy in the developing world, the Clinton HIV/AIDS Initiative (CHAI), Mylan Inc and Hyderabad-based Matrix Laboratories have signed an agreement to offer a once-daily dose of the second-line regimen of four ARVs for under $500 (nearly Rs 24,000) per patient per year.
The anti-land acquisition leaders and the activists of various Jana Sangathans in Orissa have intensified their stir against the projects of Posco and Vedanta, the two big ticket investments in the state.
The Karnataka government is planning to develop a 300-km ‘steel corridor’, which they hope will attract investment worth Rs 20,000 crore from the steel majors. As part of the development, the idea is for a nuclear power plant, a port and high-speed train connectivity.
The two major ports in Chennai and Tuticorin are planning to set up wind mills to cater their power requirements. The two ports are planning to invest around Rs 82 crore.
Two major ports in Tamil Nadu are planning to set up captive wind farms at a combined investment of around Rs 82 crore.
State run power firm NTPC today said it is looking for long-term supply of coal from overseas market to meet the requirements of its local plants.
GMR Kamalanga Energy owned by GMR Energy of GMR Group, an infrastructure developer has achieved financial closure for its 1,050 Mw thermal power project being set up at Kamalanga Village, Dhenkanal District in Orissa.
After allotting capacities to 34 developers for generating a total of 716 Mw of solar power, as many as seven developers have come calling to the state for setting up solar panel manufacturing units here.
After yesterday"s massive 520 points rally, the Sensex today opened on a flat note. It slipped into the negative for a while and touched a low of 14,078.
Chennai-based Pyramid Saimira Theatre Ltd (PSTL) said the company suffered a business loss of over Rs 100 crore last year which resulted in an erosion of working capital. Meanwhile, N Narayanan, one of the promoters of the company, took over as the new chairman from P S Saminathan, who will continue to remain managing director.
After receiving encouraging response from private players in developing a 1,320 Mega Watt Rajpura Thermal Power Project, the Punjab State Electricity Board is expecting to issue a Letter of Intent (LoI) to the successful bidder for this project by the end of this month.
ISRO earned over Rs 100 crore in the last three years by launching satellites of other countries, Minister of State in PMO Prithviraj Chavan told the Lok Sabha today.
Wipro, India’s third largest IT services company, is planning to replicate its success in the government space in India. It is now courting the state sector across the world.
Swine flu today claimed five more lives, four of them in worst-hit Pune alone, taking the countrywide toll to 17, even as authorities in Mumbai shut down schools and colleges for a week and cinema halls for three days to check the spread of the virus.
Says industry can’t keep growing at expense of farms, poor.
BPO firm Genpact today signed a Memorandum of Understanding with the Royal Government of Bhutan, to train local talent and help in the development and growth of the IT-ITeS industry in the Himalayan Kingdom.
Come 2010 and the small-car market is likely to witness intense competition with at least four new players set to launch their products in the market.
The country"s largest auto maker Tata Motors today said its total sales during December last year more than doubled to 51,627 units, up from 25,219 vehicles sold in December 2008.
German luxury car maker Mercedes today said it has lost leadership position in the premium segment in India to rival BMW and reported a decline of 10.43 per cent in sales in the country for the last year.
In a move to promote transparency and improve corporate governance standards, the capital market regulator, the Securities and Exchange Board of India (Sebi), has proposed the formation an audit committee to oversee its financial reporting process and disclosure of financial information.
The pilot run for the Unique Identification Authority of India (UIDAI), headed by Nandan Nilekani, could cover nearly 60-70 per cent of citizens in Karnataka within a period of one year post commencement. Karnataka would be the first state to come under the UID project that seeks to issue a unique ID number for each citizen.
Munjals-promoted Hero Electric today launched three electric scooters priced between Rs 17,900 and Rs 32,796.
Seema Sindhu / New Delhi January 7, 2010, 0:24 IST
Russian Space Troops have carried out over 200 lift-offs of launch vehicles over the eight years of active operation, which put into orbit 250 spacecraft of various designations.
Marxist patriarch Jyoti Basu was today admitted to the intensive care unit of a hospital here with slight pneumonia infection and doctors attending on him said his condition was stable.
The word ‘Zero’ is usually a bait to lure gullible buyers.
The Indian stocks trading on the American bourses saw a collective value erosion of $7.5 billion last week, with copper producer Sterlite Industries accounting for nearly one-third of this loss.
Chef Daoud Mohammed Tarhini always packs in a little bit of Lebanon, on his travels.
Work on Gujarat"s second largest mall project has been suspended. With Niho Construction Ltd, the flagship construction and development company of Delhi-based Krishna Group, switching to a "wait-and-watch" mode, work on the upcoming 800,000 sq ft mall-cum-multiplex, Scottish City Centre has been suspended.
Anand Sharma, Union minister for commerce and industry, must have got used to people addressing him in various ways. But Minister of State for Railways E Ahmed stunned him last week when he was about to enter Parliament. Ahmed was talking to someone outside gate number 4 when Sharma stepped out of the car. “Hello commerce, hello commerce,” Ahmed called Sharma. Sharma acknowledged the joke and responded with a warm smile.
Helped by cash subsidy from the government, Hindustan Petroleum Corporation Ltd (HPCL), India’s third-largest refiner, managed to report a net profit of Rs 31.4 crore in the quarter ended December 2009. It posted a net loss of Rs 422 crore in the corresponding quarter last year.
In a major setback to cash-strapped infrastructure firm Maytas Properties, promoted by former Satyam Computer founder B Ramalinga Raju"s family, a local court has passed an order barring the company from using land as collateral for loans.
Maytas Properties, which is trying to raise finances for completing its Hill County project, is asking its customers to find investors for the project.
Public Sector lender Central Bank of India today said its net profit declined by 13.25 per cent to Rs 306.44 crore for the third quarter ended December 31, over the corresponding period last fiscal.
Reliance Industries (RIL) Chairman Mukesh Ambani has decided to take a big pay cut. His pay for 2008-09 has come down by 66 per cent, or nearly two-thirds, to Rs 15 crore from Rs 44 crore in the previous year.
Shobhana Subramanian / Mumbai October 9, 2009, 0:26 IST
Chief minister B S Yeddyurappa has said that H D Deve Gowda has no locus standi to criticise the Bangalore-Mysore Infrastructure Corridor (BMIC) project as it was he as chief minister who had cleared allotment of land at a lower price and had even signed an agreement accepting the clause that courts in London would have jurisdiction on dispute redressal.
The Sensex is now quoting at 16,758, down by 116 points and the Nifty is placed at 4,961, lower by 41 points. The Sensex had touched a low of 16,622 and the Nifty had hit 4,921 during the course of the day.
In a strong message, India today asked the developed countries to modify their ‘unsustainable lifestyles’ to significantly cut down carbon emissions by 2020 and to ensure that developing nations had enough resources to cope with climate change while pursuing accelerated development.
In response to Pakistan"s announcement that it would begin trials of the suspects held for Mumbai attacks from October 3, Indian External Affairs Minister S M Krishna has said that India would not "monitor" these proceedings.
BIG TV, the DTH service of Reliance ADA Group, is expanding its channel bouquet with the addition of 10 new channels from June 1, including Korea"s KBS (international offering) and WB the latest, English entertainment channel from the broadcasting major Turner International India Pvt Ltd in association with their sister company Warner Bros, the company said in a statement.
Reliance BIG TV, the DTH service of Reliance ADA Group, is expanding its channel bouquet with the addition of ten new channels.
The heavy votes polled to Raj Thackeray led Maharashtra Navnirman Sena (MNS) candidates during the recent Lok Sabha elections ensured a defeat for the BJP-Shiv Sena alliance in atleast 10 constituencies in Maharashtra. Taking a congnisance of this, the Shiv Sena seems to have taken the MNS factor seriously ahead of the state assembly polls scheduled in October.
To draw international attention on tiger conservation and protection, India will launch the Year of the Tiger on February 14, 2010 next year from Jim Corbett National Park, Environment Minister Jairam Ramesh announced.
Disgraced former Haryana DGP SPS Rathore today moved the Punjab and Haryana High Court challenging a sessions court order denying him anticipatory bail in two fresh FIRs involving serious criminal charges against him in the Ruchika Girhotra molestation case.
Trades between FIIs generated a volume of Rs 59 crore on the BSE Thursday-an increase of 114.44% from Rs 27 crore clocked on Wednesday. As many as four stocks witnessed trades of 8.02 lakh shares on Thursday.
Tata Tea, engaged in tea plantation and processing business, today announced a consolidated net profit of Rs 92.23 crore for the third quarter ended December 31, 2009, down 76.71 per cent over the corresponding period last fiscal.
ADAG will provide help in production and distribution in India.
Amid reports about Mumbai Police Crime Branch Chief Rakesh Maria"s offer to resign if Home Ministry does not clarify allegations levelled against him by Vinita Kamte, the slain IPS officer Ashok Kamte"s widow today said she stands by each and every word in the book written by her.
Insurance and agents are two words that seem to be inextricably linked in our minds. If you think of the word insurance, then the word agent will instantly pop up in your brain.
Nearly three months after Y S Rajasekhara Reddy (YSR) died in a helicopter crash, a meeting of the Andhra Pradesh Congress Legislature Party (CLP) has been convened on Friday to condole the death of the former chief minister and formally elect the CLP leader.
Sunita Narain / New Delhi November 06, 2009, 0:24 IST
The government has set up a standing committee on infrastructure finance, which will be headed by Finance Secretary Ashok Chawla, according to a government official. The committee will comprise 11 members, including Planning Commission secretary, RBI deputy governor, Irda chairman, and IIFCL chairman.
Telecom entity Motorola today posted a profit of $26 million for the second quarter ended June 30, 2009, even as revenues plunged.
Dubai-based Emirates Airlines has become the world"s largest airline operator of Boeing 777 aircraft with the arrival of its 78th Boeing 777.
Leading multiplexes and media companies are queuing up for the theatrical rights to the Indian Premier League (IPL)cricket matches for the coming decade.
Karnataka government is planning to issue below poverty line (BPL) ration cards to garment factory workers to enable them procure food grains at subsidised prices, minster for food and civil supplies H Halappa said today.
To avoid a repeat of the chaos seen this year in the first few days of the computer-based Common Admission Test (CAT), the Indian Institutes of Management (IIMs) are thinking of doubling the testing window period next year to make the process smoother.
To buy from Thailand, Vietnam; not to import wheat as it has surplus stock.
The third edition of the Indian Premier League, scheduled to begin in March, is under controversy after the Shiv Sena has opposed the participation of Australian cricketers in the domestic Twenty20 event, in the wake of ongoing attacks on Indian nationals Down Under.
Jai Arjun Singh / New Delhi October 10, 2009, 0:51 IST
The Indian Space Research Organistaion (Isro) is looking at 25 per cent growth in revenues this fiscal over Rs 1,000 crore attained last year, betting big on satellite launches and carrying space crafts of other countries.
A Sharma / New Delhi December 12, 2009, 0:05 IST
Miffed by the Commonwealth Games Organising Committee removing him from the post of 2010 CWG Chief Executive, Mike Hooper has struck back by declaring that the preparedness of the mega-event was far from satisfactory.
Barclays Capital, the investment banking division of Barclays Bank PLC, has appointed Matthew Ginsburg as Managing Director and Head of Investment Banking, Asia-Pacific.
Early signs of a recovery in demand along with measures to improve profitability at Corus indicate that Tata Steel may bounce back into the black
With bond yields hardening, bankers say they will not be able to look to their trading rooms for high profits.
Banks are fully geared to check the menace caused by fake currency, a senior official of the Reserve Bank of India said.
Punjab National Bank CMD K C Chakrabarty has quit his post after his appointment as RBI Deputy Governor.
With two Deputy Governor posts falling vacant, the Reserve Bank has reallocated portfolios and Governor D Subbarao would handle the monetary policy department directly.
Media conglomerate News Corp has posted a loss of $203 million for the fourth quarter ended June 30, primarily bogged down by impairment charges.
- Brokerages, fund houses whet Indian appetite for investments abroad - Any hardening of rates due to govt borrowings a worry: Jindal - 'Challenge is to raise credit flow' - RBI"s status quo, HUL numbers take toll - As it should be - RBI sees recovery, but wary of inflation
Most know private sector firms are a lot more efficient than public sector ones, but a little bit of perspective is required here. According to data from the latest budget documents, public sector firms, on average, pay around a fifth more effective tax rates in comparison to their private sector counterparts. So, while public sector companies paid an effective tax rate of 25.69 per cent in 2007-08, the figure was a lower 21.28 per cent for private sector firms. The average of 22.24 per cent for all firms, of course, was much lower than the statutory 33.99 per cent. The reason for this is the tax benefits claimed, obviously more by the private sector, particularly for export profits under the Software Technology Parks of India (STPI) scheme (Rs 11,734 crore) and accelerated depreciation (Rs 14,344 crore of taxes were foregone on this account).
The government may decide on freeing petrol and diesel prices after an expert committee on fuel pricing submits its report this week, Petroleum Minister Murli Deora said today.
The National Textile Corporation (NTC) has begun talks with the National Buildings Construction Corporation (NBCC) and others for sale of its surplus land in four cities that is expected to fetch the state-owned firm Rs 5,000 crore.
Industrial conglomerate General Electric is considering the sale of its 51 per cent stake in NBC Universal to America"s leading cable operator Comcast, says a media report.
Banking stocks have gained between 5 per cent and 11 per cent on the Bombay Stock Exchange (BSE) in the last two days on higher advance tax payments by banks and a correction in valuation of small banks.
Deficient rains in the agrarian interiors and lack of finance availability from lending institutions, despite a mammoth relief package announced by the Centre last year, is slated to hit tractor sales, the industry says.
Unitech Wireless, the joint venture between realty major Unitech and Norway"s Telenor, has raised Rs 5,000 crore as loan from State Bank of India to finance the roll-out of its network as the firm will be launching mobile services in next three months.
Reliance Industries (RIL) has accused NTPC Chairman and Managing Director R S Sharma of going back on the terms of a draft gas sales and purchase agreement that provided for government approving its bid price of $2.34 per mmBtu.
The Sri Lankan government wants to rope in Mukesh Ambani-led Reliance Industries Ltd (RIL) for exploration of oil in the island nation.
The proposed Global Delivery Centre of BPO (business process outsourcing) firm Genpact in the city, which is already running behind schedule, is set to face further delay.
Bulls may have been charging full throttle on Dalal Street during 2009, but when it comes to sharing the bounty, small retail investors could get only a small pie of less than Rs 60,000 crore in the entire year that saw the total investor wealth exceeding Rs 60,00,000 crore.
Daiwa Securities Group Inc, Japan’s second-largest brokerage, will buy out its partner Sumitomo Mitsui Financial Group Inc, ending their 10-year-old investment banking venture, two people familiar with the situation said.
McKinsey, RBS postpone placements by three to six months
Four public sector giants — ONGC, Steel Authority of India Ltd (SAIL), Indian Oil Corp (IOC) and National Thermal Power Corp (NTPC) — were likely to get in next ten days the Maharatna status, which would empower these Public Sector Undertakings (PSUs) with greater autonomy, a top government official said today.
With power situation improving following good rains, Karnataka minister for energy K S Eshwarappa today said urban areas would get 22 hours of supply a day from August one, while load-shedding in rural ones would be to the extent of 14 hours. In Bangalore, the Bangalore Electricity Supply company (Bescom) has said it would make all efforts to provide 24-hour power supply, he told reporters here. Rural areas would get power supply for five hours in case of single-phase and five hours for irrigation purpose (IP sets) which means they would face load-shedding for 14 hours.
The release of the much awaited Goods and Services Tax (GST) discussion paper by the Empowered Committee of State Finance Ministers is a welcome step forward in the reform of the indirect tax regime in India. However, the paper falls far short of expectations. The GST design the State Finance Ministers (SFCSs) have opted for is a compromise, which could prove to be neither good economics nor good politics.
With less than five months left for the proposed roll-out of the Goods and Services Tax (GST), the empowered group of state finance ministers today suggested a model of inter-state goods and services tax (IGST) for inter-state transactions. The Centre would levy GST which would comprise central and state GST, with appropriate provision for consignment or stock transfer of goods and services.
After voting with sworn political enemy Bharatiya Janata Party (BJP) against its one-time ally — the United Progressive Alliance (UPA) — last year, the Left is again considering floor co-ordination with the BJP in Parliament.
Reiterating India’s stance on climate change, that the country did not expect external financing or technology for its domestic actions, Shyam Saran, the prime minister’s special envoy on climate change, said it would be legitimate to ask for global support if we were doing something more.
GE Capital: GE Capital is taking on the doubters. General Electric’s finance arm on Tuesday addressed investors sceptical of its fit within the industrial conglomerate. Chief among the messages: the business is adequately funded; it has enough capital to handle potential loan losses; and it is basically above average in what it does relative to big US banks. But if that’s all true, why does GE Capital need the special treatment it is fighting for on Capitol Hill?
Ban on entry load leads advisors to focus more on Ulips, insurance and NSC.
UK services expanded the most in 1 1/2 years, manufacturing unexpectedly rose and home prices jumped as evidence mounts that the worst recession in a generation is easing.
The apex body of IT software and services, Nasscom, today lowered its forecast for the animation and gaming industry for 2012 on account of the global economic downturn.
The country’s burgeoning mutual fund industry is expected to see its assets growing by 29 per cent annually in the next five years, with high household savings rate and low retail penetration attracting foreign asset managers, a report has said.
Key roadblock: Constitutional amendment required to provide wider taxation powers to Centre, states.
The human resource development ministry has decided to keep its Budget allocation demands within the limits of what it had made in the Interim Budget, especially in the case of primary education.
The Asian markets had a weak closing, across the board.
The government is assessing the needs of major export-oriented sectors hit by the economic slowdown to provide support for their fast recovery, Director General of Foreign Trade R S Gujral said today.
The Sensex opened at 16,339 and then slipped to a low of 16,182 on weak global cues. The index is now at 16,233, down 129 points and the NSE Nifty is at 54,847, down 35 points.
Exporters today welcomed RBI"s proposal to shift to the base rate system for pricing of loans, saying the move would help in raising competitiveness of Indian goods in international markets by 3 to 4 per cent.
IT solutions provider Patni Computer Systems today said it has allotted over 2.11 lakh underlying equity shares to Bank of New York and certain employees under the stock option plan.
Bharati Shipyard finally settled at Rs 178, up 10.5% from the previous close. The counter winessed trades of 1.23 million shares as compared to the two-week daily average traded volumes of 95,067 shares on the BSE.
Axe angels are working overtime these days. Ever since Hindustan Unilever launched the ‘Call Me’ campaign that shows a girl giving her phone number to a boy doused in Axe, the angels (as the girls in the commercials are called) have received 3.5 million calls. And the phones just don’t stop ringing these days.
The Textiles Ministry is pushing for amendments in the Drugs and Cosmetics Act to ensure that quality standards are set for new medical textiles used in products like baby diapers, contact lenses and surgical gloves to promote their sales.
Drug maker Zydus Cadila today said it has received approval from the Drug Controller General of India (DCGI) to conduct clinical trials for the swine flu (H1N1) vaccine.
Crisis-hit Maytas Infra today said the Company Law Board (CLB) has allowed it to report quarterly accounts for the current financial year by June 30, 2010.
Even as the Centre is mulling to raise the number of job days under the NREGA scheme, none of the states have provided the guaranteed 100-days wage employment to all the registered rural households in over three years of the landmark legislation.
Oil India, the second state-run firm to hit the market with an offering of equity shares this year, may price its IPO that opens on September 7 at Rs 1,000-1,100 a share.
Branson: Richard Branson is making headlines on three continents. The serial entrepreneur is selling Virgin Mobile USA to partner Sprint-Nextel well below its IPO price. But his latest mediocre performance in the US isn’t stopping him elsewhere. Abu Dhabi is ponying up money for his loopy spaceship venture and his Aussie airline Virgin Blue is planning a rights issue. Branson"s record doesn"t give investors any certainty.
Oil India Ltd (OIL) the nation’s second-largest state-run explorer, may hit the market with an initial public offering (IPO) on September 7.
Vedanta Resources Chairman Anil Agarwal today said he is ready with Rs 8,000 crore for buying the government’s residual equity in Balco and Hindustan Zinc, for which he will meet the finance minister this month.
Shree Cements has reported 35 per cent increase in net profit to Rs 167.4 crore in the third quarter ended December 31, 2009 as against Rs 124 crore in the same qaurter last year.
NTPC Ltd, the country’s largest power generator, has sought permission from the Ministry of Power to allow it to pay the marketing margin on the natural gas it plans to buy from the Mukesh Ambani-controlled Reliance Industries Ltd (RIL).
Nitin Desai / New Delhi July 16, 2009, 0:43 IST
The government is considering to divest stake in four PSUs -- NMDC, KIOCL, MOIL and RINL -- administered by the steel ministry, as part of a broader plan to mobilise resources to meet their funding needs.
The government today ruled out any possibility of rolling back the incentives given to the export sector saying the country has yet to fully recover from the impact of the global financial meltdown.
Denying large-scale dumping of cheap steel from China and the CIS countries into India, Steel Minister Virbhadra Singh today said the government will take tough measures if such cases are brought to its notice.
Despite the global economic slowdown, State Bank of India (Canada), a subsidiary of SBI, saw an overall business growth of 22 per cent in July 2008 to June 2009, although its profit slightly went down, a top bank official said here on Thursday.
Entrepreneurs in this traditional town of family- managed companies, popularly known as the Manchester of south India, are now more open to entering into equity collaborations with both domestic and international partners.
- Subir Roy: A homestead in the heart of town">Subir Roy: A homestead in the heart of town - Subir Roy: Living together separately">Subir Roy: Living together separately - Subir Roy: Up the down market">Subir Roy: Up the down market - Subir Roy: It's been cooking for decades">Subir Roy: It's been cooking for decades - Latha Jishnu: Slumdogs and fat cat bankers">Latha Jishnu: Slumdogs and fat cat bankers
One of the nicest things that has happened to Kolkata in recent times is the creation of two new parks around the eastern and southern periphery of Victoria Memorial. Earlier, for most of the year the place used to collect rubble, coming alive once a year for the book fair, only to relapse into being an eyesore.
The government today said in the Rajya Sabha that there were difficulties in meeting targets of thermal power generation because of shortage of equipment and manpower and pointed out that the country faces a shortage of 15,000 Mw.
To probe the limited issue of disqualification of Nokia Siemens Networks from the 93-million GSM lines tender.
Construction firm Madhucon Projects today said it has bagged an order worth Rs 196.24 crore from Northern Coalfields (NCL) for an infrastructure-related work.
Tata Power and SN Power, Norway’s fast growing international renewable energy company, signed an exclusive partnership agreement to develop joint hydropower projects in India and Nepal.