authorised capital

Government approves amendment to Ex-Imp bank act

November 16th, 2011 - 3:57 pm ICT by IANS
New Delhi, Nov 16 (IANS) The government Wednesday approved amendments to the Export-Import Bank Act to improve its ability to increase credit to exporters and importers and said ... Read more...

Posted in Business |

Bill passed for greater control on SBI subsidiaries

August 11th, 2011 - 6:55 pm ICT by IANS
New Delhi, Aug 11 (IANS) A legislation that allows the government full control of subsidiary banks of the State Bank of India (SBI) from the Reserve Bank of India ... Read more...

Posted in Business |

OnMobile service provider offers 1:1 bonus shares

March 8th, 2011 - 12:39 am ICT by IANS
Bangalore, March 7 (IANS) Leading mobile value-added services provider OnMobile Global Ltd Monday announced 1:1 bonus shares to increase its authorised capital.The city-based listed firm clarified in a statement later ... Read more...

Posted in Business |

Arab petroleum bank posts $47 mn profit

August 8th, 2010 - 10:39 pm ICT by IANS
Abu Dhabi, Aug 8 (IANS/WAM) The Arab Petroleum Investments Corporation (Apicorp), a multilateral bank owned by the 10-member states of the Organisation of Arab Petroleum Exporting Countries (Oapec), Sunday announced a net ... Read more...

Posted in Business |

Mahindra forays into electric cars with majority stake in Reva (Lead)

May 26th, 2010 - 7:50 pm ICT by IANS
Bangalore, May 26 (IANS) Amid growing world demand for alternative energy vehicles, India's leading utility vehicles maker Mahindra & Mahindra Wednesday forayed into the electric car segment, acquiring a 55.2 percent majority ... Read more...

Posted in Business |

World Bank changes to help India as borrower, shareholder

April 27th, 2010 - 10:27 am ICT by IANS
By Arun Kumar Washington, April 27 (IANS) Historic decisions taken by the World Bank to increase the financial capacity of the Bank and give more voice to the developing countries would greatly benefit ... Read more...

Posted in Business |

IBN18 to raise Rs.510 crore (Business Capsule)

September 24th, 2009 - 6:18 pm ICT by IANS
Mumbai, Sep 24 (IANS) Media company IBN18 Broadcast is seeking to raise fresh capital amounting to Rs.510 crore through a rights issue, the pricing of which will be decided later. The company is ... Read more...

Posted in Business |

India’s foreign equity inflows up 56 percent in July

September 10th, 2009 - 8:03 pm ICT by IANS
New Delhi, Sep 10 (IANS) Despite a global slowdown, the inflow of foreign direct investment into India was 56.5 percent higher in July at $3.52 billion against $2.25 billion in the like ... Read more...

Posted in Business |

Government moves to revive Hindustan Prefab Limited

August 20th, 2009 - 4:53 pm ICT by ANI
New Delhi, Aug.20 (ANI): The Union Cabinet today approved the conversion of Hindustan Prefab Limited (HPL)'s outstanding Government of India loan and interest thereon as on 31.03.2008 amounting to Rs.128 core into ... Read more...

Posted in National |

Satyam board meets to discuss on induction of a strategic partner

February 21st, 2009 - 2:53 pm ICT by ANI
Hyderabad, Feb 21 (ANI): The Satyam Computers Services board began it''s meeting here today to figure out the process of finding a strategic partner for the scam hit IT company. The board ... Read more...

Posted in Business |

Supplyco plans franchise outlets in Middle East

December 1st, 2008 - 3:22 pm ICT by IANS
Thiruvananthapuram, Dec 1 (IANS) With Supplyco (Kerala State Civil Supplies Corporation) planning to set up franchisee stalls, thousands of Keralites settled in various Middle East countries can now look forward to getting ... Read more...

Posted in World |

Five-star hotel on track, CPI-M learns more about tourism business

September 23rd, 2008 - 1:29 pm ICT by IANS
Kochi, Sep 23 (IANS) The latest proposed tourism venture in Kerala backed by the Communist Party of India-Marxist (CPI-M) is a hospitality centre in Kozhikode that includes a five-star hotel and a ... Read more...

Posted in Business |

Tata Consultancy, state utilities to set up power exchange

September 8th, 2008 - 6:59 pm ICT by IANS
New Delhi, Sep 8(IANS) Software services and consulting firm Tata Consultancy Services (TCS) will float a joint venture company along with the state-run National Thermal Power Corp (NTPC), National Hydro Power Corp ... Read more...

Posted in Uncategorized |

NCDEX Spot Exchange to start operations in four states

July 19th, 2008 - 6:29 pm ICT by IANS
Chennai, July 19 (IANS) The newly formed NCDEX Spot Exchange Ltd will start spot markets for commodity trading in Maharashtra, Karnataka, Kerala and Bihar in October, a top official said Saturday. "In ... Read more...

Posted in Business |

Ansal Properties enters JV with Malaysia-based UEM

April 18th, 2008 - 11:08 pm ICT by admin
New Delhi, April 18 (IANS) Ansal Properties and Infrastructure Ltd (APIL) announced Friday that it has entered a joint venture (JV) with UEM Builders, a subsidiary of Malaysia-based UEM Group. The JV ... Read more...

Posted in Business |

Hindustan Latex, Acumen Fund to build hospitals in India

March 18th, 2008 - 7:18 pm ICT by admin
Thiruvananthapuram, March 18 (IANS) Hindustan Latex Ltd (HLL), a public sector undertaking under the union health and family welfare ministry, and Acumen Fund, a non-profit venture philanthropy fund, Tuesday announced the formation ... Read more...

Posted in Health Science |

Oman to have $1-bn healthcare city

March 18th, 2008 - 6:46 pm ICT by admin
(Gulf Business Capsule)Dubai, March 18 (IANS) Majan Development Co (MDC) has become the latest to enter Oman's booming real estate market, announcing that it is planning a 400 million Omani riyals ($1 ... Read more...

Posted in Business |

Food Corp’s authorized capital to be hiked

March 13th, 2008 - 11:52 pm ICT by admin
New Delhi, March 13 (IANS) The cabinet Thursday gave its go-ahead for raising the authorized capital of the state-owned food grain procurement agency, Food Corporation of India (FCI), from Rs.25 billion to ... Read more...

Posted in Business |

Gujarat Investa to acquire Anunay Fabrics

March 7th, 2008 - 9:52 pm ICT by admin
Ahmedabad, March 7 (IANS) City-based non-banking financial company Gujarat Investa Ltd GIL) announced Friday that it has decided to acquire textile export house Anunay Fabrics Private Ltd. In a filing with the ... Read more...

Posted in Business |