accruals

Central Bank plans JV or subsidiary to enter Mozambique


August 10th, 2012 - 8:14 pm ICT by IANS
Kolkata, Aug 10 (IANS) State-run Central Bank of India is planning to form a joint venture with the Punjab National Bank (PNB) or set up a wholly-owned subsidiary to enter ... Read more...

Posted in World |

Indian banks need to raise Rs.1.75 trillion capital by 2018: RBI


August 4th, 2012 - 5:44 pm ICT by IANS
Hyderabad, Aug 4 (IANS) Reserve Bank of India Governor D. Subbarao Saturday said the Indian banks will have to raise an additional capital of Rs.1.6 trillion to Rs.1.75 trillion ... Read more...

Posted in Business |

Tube Investments to acquire Shanthi Gears for Rs.292 crore


July 13th, 2012 - 6:06 pm ICT by IANS
Chennai, July 13 (IANS) Multi-product company Tube Investments of India (TI), part of the $4.4 billion Murugappa Group, Friday announced plans to acquire promoter holdings of gear maker Shanthi Gears."We ... Read more...

Posted in Business |

Carborundum Universal turns acquisitive in South Africa


June 19th, 2012 - 11:29 pm ICT by IANS
Chennai, June 19 (IANS) Abrasives major Carborundum Universal Ltd (CUMI) Tuesday announced the signing of a binding agreement with Austrian company RHI to acquire the latter's wholly-owned fused minerals subsidiary ... Read more...

Posted in Business |

Murugappa group plans Rs.1,000 capex in 2012-13


May 10th, 2012 - 9:37 pm ICT by IANS
Chennai, May 10 (IANS) The Chennai-based Rs.22,314 crore-turnover industrial conglomerate Murugappa group is planning to spend around Rs.1,000 crore capex this fiscal in expanding its various businesses while looking out ... Read more...

Posted in Uncategorized |

CESC net up 137 percent in Q4 backed by tariff hike


May 8th, 2012 - 7:40 pm ICT by IANS
Kolkata, May 8 (IANS) Backed by 13 per cent tariff hike, power utility CESC Ltd., an RP-Sanjiv Goenka Group company Tuesday reported a 137.5 percent jump in its net profit ... Read more...

Posted in Uncategorized |

BSNL borrowed Rs.1,320.47 crore for capital expenditure


April 25th, 2012 - 11:44 pm ICT by IANS
New Delhi, April 25 (IANS) State-run Bharat Sanchar Nigam Ltd (BSNL) borrowed Rs.1,320.47 crore ($25 million) from the market for capital expenditure in 2010-11, Minister of State for Communications and ... Read more...

Posted in Sci-Tech |

Kanoria Chemicals to acquire Switzerland-based firm


April 20th, 2012 - 9:49 pm ICT by IANS
New Delhi, April 20 (IANS) Kanoria Chemicals and Industries Limited (KCI) Friday said it would acquire APAG Holding AG, the Switzerland-based holding company of its wholly owned subsidiary APAG Elektronik ... Read more...

Posted in Business |

Shree Ganesh jewellery aims to generate 500 MW solar power


April 12th, 2012 - 11:57 pm ICT by IANS
Kolkata, April 12 (IANS) Kolkata-based jewellery maker Shree Ganesh Jewellery House Ltd (SGJHL), which recently forayed into solar power business, Thursday said it is aiming to scale up its generation ... Read more...

Posted in Business |

TVS group acquires Britain-based firm


March 27th, 2012 - 8:59 pm ICT by IANS
Chennai, March 27 (IANS) Chennai-based $6.6 billion auto component group TVS will use the recently acquired Universal Components' marketing expertise and best practices in India and other Asian markets.Announcing the ... Read more...

Posted in Uncategorized |

Government says fiscal deficit target may be breached


December 9th, 2011 - 5:41 pm ICT by IANS
New Delhi, Dec 9 (IANS) The government Friday officially sounded a warning that fiscal deficit targets could be breached in the current fiscal, amid a slowing economy, lax tax ... Read more...

Posted in Business |

Shree Ganesh Jewellery in JV with Italian firm for Rs.100 cr plant


October 28th, 2011 - 6:03 pm ICT by IANS
Kolkata, Oct 28 (IANS) Shree Ganesh Jewellery House Limited (SGJHL), one of the largest manufacturers and exporters of handcrafted gold and diamond jewellery in India, Friday formed a joint-venture with ... Read more...

Posted in Uncategorized |

Wheels India to invest Rs.70 crore on expansion


October 27th, 2011 - 7:26 pm ICT by IANS
Chennai, Oct 27 (IANS) Buoyed with the increased demand for off-highway vehicle wheels from overseas, Wheels India Ltd has decided to invest around Rs.70 crore on expanding its capacity while ... Read more...

Posted in Business |

IIM-Calcutta to tap corporates for funds


September 23rd, 2011 - 1:59 pm ICT by IANS
Chennai, Sep 23 (IANS) The Indian Institute of Management-Calcutta (IIM-C) is planning to tap Indian corporates for funds to complete some of its infrastructural projects following increased intake of students ... Read more...

Posted in Business |

Hindustan Copper not to raise fresh equity through FPO


September 20th, 2011 - 11:58 pm ICT by IANS
Kolkata, Sep 20 (IANS) Copper mining major Hindustan Copper (HCL) Tuesday said it does not require fresh equity through the proposed follow-on-public offer (FPO) to support its mining expansion plans."The ... Read more...

Posted in Uncategorized |

GMR Energy to acquire 30 percent stake in Indonesian firm


August 12th, 2011 - 2:03 pm ICT by IANS
New Delhi, Aug 12 (IANS) GMR Energy Limited Friday said it would acquire 30 percent stake in Indonesian firm PT Golden Energy Mines Tbk (GEMS) for $550 million, a move ... Read more...

Posted in Business |

IPCL, DPSC to invest Rs.26,450 crore in power


July 20th, 2011 - 6:37 pm ICT by IANS
Kolkata, July 20 (IANS) India Power Corporation Limited (IPCL) and DPSC Limited, a power generation and distribution group, Wednesday announced their plan to invest Rs.26,450 crore by 2015 in the ... Read more...

Posted in Business |

DLTA to set up residential tennis academy


July 16th, 2011 - 5:01 pm ICT by IANS
New Delhi, July 16 (IANS) The Delhi Lawn Tennis Association (DLTA) will set up a residential tennis academy at its newly refurbished complex here.To start with, the DLTA ... Read more...

Posted in Uncategorized |

Spice to invest Rs.1,000 crore in 2011-12


May 2nd, 2011 - 7:20 pm ICT by IANS
New Delhi, May 2 (IANS) Mobile handset manufacturer Spice Mobility Monday said it would invest Rs.1,000 crore to ramp up its research and development facilities, creation of value-added services and ... Read more...

Posted in Sci-Tech |

JGI Ventures to groom entrepreneurs with Rs.500 crore fund


April 6th, 2011 - 11:18 pm ICT by IANS
Bangalore, April 6 (IANS) JGI Ventures India Ltd, a pioneering venture fund based in this tech hub, has embarked upon a unique programme to groom budding entrepreneurs by incubating and ... Read more...

Posted in Business |

Budget: Telecom sector revenue at Rs.29,648.33 crore


February 28th, 2011 - 5:58 pm ICT by IANS
New Delhi, Feb 28 (IANS) The government expects to raise Rs.29,648.33 crore (Rs.296.48 billion) through recurring licence fees and other usage charges from the telecom sector, according to the general budget ... Read more...

Posted in Business |

Ruia Group acquires Germany-based Acument GmbH


February 21st, 2011 - 7:58 pm ICT by IANS
Kolkata, Feb 21 (IANS) Extending its global footprint in the auto ancillary segment, the Rs.5,000-crore Ruia Group Monday announced the acquisition of Germany-based Acument GmbH & Co KG, one of the leading ... Read more...

Posted in Business |

McDonald’s franchisee to invest Rs.500 crore


February 21st, 2011 - 6:50 pm ICT by IANS
New Delhi, Feb 21 (IANS) Hardcastle Restaurants Private Ltd (HRPL), the sole franchise of fast food major McDonald's in south and western India, Monday said it will invest Rs.500 crore over the ... Read more...

Posted in Business |

CESC plans to raise Rs.1,200 crore in equity


December 7th, 2010 - 9:31 pm ICT by IANS
Kolkata, Dec 7 (IANS) Power utility CESC, an RPG Group company, Tuesday said it was planning to raise Rs.1,200 crore in equity to fund its proposed projects worth Rs.35,000 crore (about $7.8 ... Read more...

Posted in Business |

Shipping Corporation to add ships to its fleet


November 29th, 2010 - 5:42 pm ICT by IANS
Chennai, Nov 29 (IANS) The Shipping Corporation of India Ltd plans to beef up its fleet strength by ordering 15 more ships in 2011 besides the 35 vessels it hopes to get ... Read more...

Posted in Business |

Ashok Leyland to go slow on raising debt


November 11th, 2010 - 5:35 pm ICT by IANS
Chennai, Nov 11 (IANS) India's second largest commercial vehicle manufacturer Ashok Leyland, authorised to raise Rs.700 crore debt this year, is not in a hurry as a major portion of the capital ... Read more...

Posted in Business |

Base Corporation to enter telecom and auto sectors


November 8th, 2010 - 8:42 pm ICT by IANS
Chennai, Nov 8 (IANS) Bangalore-based battery manufacturer Base Corporation has decided to enter the telecom and automotive equipment sectors from its proposed Rs.432-crore plant near Hosur in Tamil Nadu. "Presently we are ... Read more...

Posted in Business |

Elecon Engineering acquires Britain’s Benzlers Radicon Group


October 28th, 2010 - 9:58 pm ICT by IANS
Vallabh Vidyanagar (Gujarat), Oct 28 (IANS) Elecon Engineering Company Thursday announced it has acquired the Benzler-Radicon group of businesses from Britain-based David Brown Gear Systems Group for 21.41 million pounds."This acquisition ... Read more...

Posted in Business |

Lanco Infra gets sanction for 732 MW power project


October 12th, 2010 - 2:24 pm ICT by IANS
New Delhi, Oct 12 (IANS) Lanco Infratech Tuesday said its subsidiary Lonco Kondapalli Power Private Ltd has received sanction for a total debt of Rs.2,610 crore for the 732 MW power project ... Read more...

Posted in Business |

Revival plan of NFDC approved


September 16th, 2010 - 5:19 pm ICT by ANI
New Delhi, Sep 16 (ANI): The Union Cabinet today accorded approval to the revival plan of the National Film Development Corporation Ltd. (NFDC).Under this, an additional equity of Rs. 3.00 crore will ... Read more...

Posted in National |

TVS Motor to invest Rs.400 crore to double capacity


September 8th, 2010 - 8:02 pm ICT by IANS
Chennai, Sep 8 (IANS) Two wheeler maker TVS Motor Company is mulling to invest around Rs.400 crore over the next two years to double its annual production capacity to four million units, ... Read more...

Posted in Business |

Maruti to pump in Rs.1,925 crore for new plant at Manesar


September 7th, 2010 - 9:31 pm ICT by IANS
New Delhi, Sep 7 (IANS) Car market leader Maruti Suzuki Tuesday said it is planning to invest Rs.1,925 crore to set up a new plant in Manesar, Haryana, to expand its annual ... Read more...

Posted in Business |

BIAL to spend Rs.1,000 crore to revamp Bangalore airport


August 19th, 2010 - 7:14 pm ICT by IANS
Bangalore, Aug 19 (IANS) The Bangalore International Airport Ltd (BIAL) consortium will invest Rs.1,000 crore (Rs.10 billion) to enhance and expand its airport at Devanahalli, about 38 km from this tech hub, ... Read more...

Posted in Business |

Three high-end Turkish fashion brands to enter India by October


August 17th, 2010 - 10:00 pm ICT by Sampurn Wire
August 17, 2010 (Sampurn Wire): This October, India is going to welcome three high-end Turkish fashion brands, Tween, Damat and ADV from the Turkish Orka Group, which will expand luxury spaces in ... Read more...

Posted in Entertainment |

BGR Energy partners with Hitachi for power equipment


August 6th, 2010 - 7:18 pm ICT by IANS
Chennai, Aug 6 (IANS) To become an integrated power equipment maker, city-based BGR Energy Systems Friday inducted two companies of the Japanese Hitachi group as joint venture partners in two subsidiaries. The ... Read more...

Posted in Business |

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