Chinese firm closes acquisition of US movie theatre chain
September 5th, 2012 - 2:59 pm ICT by IANS
Los Angeles, Sep 5 (IANS) China's leading private conglomerate Dalian Wanda Group Co. Tuesday completed the acquisition of AMC Entertainment Holdings, Inc., valued at roughly $2.6 billion.
With the completion ... Read more...
Posted in Business |
An emotional Ratan Tata says goodbye to shareholders
August 31st, 2012 - 8:31 pm ICT by IANS
Kolkata, Aug 31 (IANS) A shareholder garlanded him, some offered him send-off gifts and yet others urged him to put his signature on the annual report.Ratan Tata, who chaired ... Read more...
Posted in Business |
Some day Tata Motors will have plant in Bengal: Ratan Tata (Lead)
August 31st, 2012 - 5:54 pm ICT by IANS
Kolkata, Aug 31 (IANS) Showing no bitterness over what happened in Singur, Tata Group Chairman Ratan Tata Friday said some day Tata Motors will have a plant somewhere in West ... Read more...
Posted in Business |
Minimum bid price for 2G spectrum too high: SSTL
August 7th, 2012 - 9:44 pm ICT by IANS
New Delhi, Aug 7 (IANS) Sistema Shyam Teleservices (SSTL) Tuesday said the minimum bid price fixed for 2G spectrum auction is excessively high and that the CDMA spectrum base price, ... Read more...
Posted in Business |
ITC aims to create multiple Indian FMCG brands: Deveshwar
July 27th, 2012 - 4:52 pm ICT by IANS
Kolkata, July 27 (IANS) Conglomerate ITC Friday said it is aiming to create "absolutely vital and vibrant" multiple Indian brands in the fast moving consumer goods (FMCG) segment that can ... Read more...
Posted in Business |
Japanese firm to re-enter Sri Lanka
July 25th, 2012 - 4:36 pm ICT by IANS
Colombo, July 25 (IANS) Japanese conglomerate and Fortune 500's Sumitomo Corporation is returning to post-war Sri Lanka, authorities said Wednesday.Sumitomo is considered as one the largest trading houses in Japan, ... Read more...
Posted in Business |
Shanta Kumar’s trust-run hospital opens in Himachal
July 24th, 2012 - 12:40 am ICT by IANS
Palampur (Himachal Pradesh), July 23 (IANS) A 200-bedded hospital, the dream project of Bharatiya Janata Party (BJP) vice president Shanta Kumar, was inaugurated here Monday.The multi-specialty medical college ... Read more...
Posted in Health |
Indian security solutions provider acquires British firm
July 15th, 2012 - 8:03 pm ICT by IANS
Mumbai, July 15 (IANS) Mumbai-based security solutions provider Topsgrup said Sunday it had completed the acquisition of British security firm The Shield Guarding Company Limited.Acquired for 19.5 million pounds, The ... Read more...
Posted in Uncategorized |
Hurriyat to fight ‘economic exploitation’ of Kashmiris
July 10th, 2012 - 9:03 pm ICT by IANS
Srinagar, July 10 (IANS) The Mirwaiz Umer Farooq-headed faction of the separatist Hurriyat conglomerate Tuesday announced the formation of an economic advisory council to address day-to-day issues of Kashmir's people ... Read more...
Posted in National |
Cabinet approves TCIL’s Saudi acquisition
July 4th, 2012 - 4:52 pm ICT by IANS
New Delhi, July 4 (IANS) The Indian cabinet has approved a proposal of the Department of Telecom (DoT) to acquire 60 percent shares of TCIL Saudi Co. Ltd (TSCL) from ... Read more...
Posted in World |
Greenpeace charges are incorrect: GVK Group
June 13th, 2012 - 10:12 pm ICT by IANS
New Delhi, June 13 (IANS) Indian conglomerate GVK Group has refuted the charge of global environment watchdog Greenpeace that it had filed incomplete information about its $6.4 billion Alpha coal ... Read more...
Posted in Business |
Australia throws spanner in GVK’s $6.4-bn coal mine project
June 5th, 2012 - 7:20 pm ICT by IANS
Sydney, June 5 (IANS) Indian infrastructure major GVK Group suffered a setback Tuesday with the Australian government halting work on the $6.4-billion Alpha coal mine project in Queensland till it ... Read more...
Posted in Environment |
Moderate Hurriyat issues notice to three leaders
June 1st, 2012 - 12:20 am ICT by IANS
Srinagar, May 31 (IANS) The moderate Hurriyat conference headed by Mirwaiz Umar Farooq Thursday decided to issue a show cause notice to three of its leaders for "violating" its constitution ... Read more...
Posted in National |
Mahindra and Mahindra’s Q4 net up 44.17 percent
May 30th, 2012 - 9:20 pm ICT by IANS
Mumbai, May 30 (IANS) Mahindra and Mahindra Wednesday reported a 44.17 percent rise in net profit for the quarter ended March 31 at Rs.874.48 crore from Rs. 606.54 crore in ... Read more...
Posted in Business |
Keshub Mahindra retires in Aug 8, Anand to take over (Lead)
May 30th, 2012 - 8:31 pm ICT by IANS
Mumbai, May 30 (IANS) After remaining at the helm for 48 years, Mahindra & Mahindra Chairman Keshub Mahindra will step down Aug 8, making way for his nephew, Anand Mahindra, ... Read more...
Posted in Uncategorized |
Keshub Mahindra to retire Aug 8
May 30th, 2012 - 7:49 pm ICT by IANS
Mumbai, May 30 (IANS) Mahindra & Mahindra Chairman Keshub Mahindra will retire Aug 8 and hand over the baton to his nephew, Anand Mahindra, the present vice-chairman and managing director ... Read more...
Posted in Business |
No action or comment on leaked report: Ajit Singh
May 23rd, 2012 - 10:10 pm ICT by IANS
New Delhi, May 23 (IANS) Civil Aviation Minister Ajit Singh Wednesday refused to comment on the leaked Comptroller and Auditor General's (CAG) report that hinted at financial irregularities in allocating ... Read more...
Posted in Business |
Blame game over Himachal power plant ordered to be razed
May 20th, 2012 - 6:06 pm ICT by IANS
Shimla, May 20 (IANS) A Himachal Pradesh High Court direction to dismantle a private firm's thermal power plant in Solan district over green concerns appears to have given political ... Read more...
Posted in Environment |
ITC’s Sri Lankan subsidiary acquires land in Colombo
May 16th, 2012 - 12:21 am ICT by IANS
Kolkata, May 15 (IANS) Cigarette-to-hotel multi-business major ITC Ltd. Tuesday said its wholly-owned subsidiary WelcomHotels Lanka Private Limited (WLPL) has acquired land in Colombo to set up a mixed-used ... Read more...
Posted in South Asia |
Brazilian firm declares oil field commercially viable
April 26th, 2012 - 12:56 pm ICT by IANS
Rio de Janeiro, April 26 (IANS/EFE) The OGX oil firm, part of a consortium led by Brazilian magnate Eike Batista, Wednesday declared a crude discovery off the coast of Rio ... Read more...
Posted in Business |
GE gives $1.6 mn to Indian NGO
April 10th, 2012 - 10:33 pm ICT by IANS
New Delhi, April 10 (IANS) The charitable arm of American conglomerate General Electric has pledged $1.6 million in aid to the school education programmes run by Pratham, an NGO working ... Read more...
Posted in Health Science |
Larsen and Toubro acquires British firm Thalest
April 5th, 2012 - 5:38 pm ICT by IANS
Mumbai, April 5 (IANS) Indian conglomerate Larsen & Toubro (L&T;) Thursday said its electrical and automation unit has acquired Britain-based Thalest to use its technology for a variety of businesses.L&T; ... Read more...
Posted in World |
Finance professional named WICB Corporate Secretary
March 29th, 2012 - 2:27 pm ICT by IANS
St. John's (Antigua), March 29 (IANS/CMC) Antiguan Verlyn Faustin has been appointed Corporate Secretary of the West Indies Cricket Board (WICB), a move president Julian Hunte says will strengthen the operations ... Read more...
Posted in Uncategorized |
‘Blood Money’ tells tale of diamond mafia (IANS Preview)
March 28th, 2012 - 3:19 pm ICT by IANS
New Delhi, March 28 (IANS) After dealing with the evils of pornographic films in 2005 release "Kalyug", the Bhatt camp's next, "Blood Money", deals with the diamond mafia. It releases ... Read more...
Posted in Entertainment |
Brazilian conglomerate gets $2 bn infusion from Abu Dhabi
March 27th, 2012 - 12:04 pm ICT by IANS
Rio de Janeiro, March 27 (IANS/EFE) Brazil's richest person, Eike Batista, announced Monday that he sold a 5.63 percent stake in his sprawling EBX conglomerate to Abu Dhabi state investment ... Read more...
Posted in Business |
Brazilian billionaire’s son kills cyclist in accident
March 20th, 2012 - 11:10 am ICT by IANS
Rio de Janeiro, March 20 (IANS/EFE) The eldest son of Brazilian billionaire industrialist Eike Batista was behind the wheel of a car that struck and killed a cyclist on a ... Read more...
Posted in Uncategorized |
K. Venkataramanan new managing director of L&T;
March 9th, 2012 - 3:00 pm ICT by IANS
Mumbai, March 9 (IANS) Infrastructure giant Larsen and Toubro (L&T;) Friday said it has appointed K. Venkataramanan as its chief executive and managing director while A.M. Naik would continue ... Read more...
Posted in Business |
SSTL files review petition in Supreme Court
March 2nd, 2012 - 6:45 pm ICT by IANS
New Delhi, March 2 (IANS) Sistema Shyam Teleservices (SSTL), the joint venture between Russia's Sistema and India-based Shyam Group, Friday filed a petition in the Supreme Court seeking a review ... Read more...
Posted in Business |
Videocon to seek review of order cancelling licences
February 29th, 2012 - 11:27 pm ICT by IANS
New Delhi, Feb 29 (IANS) Telecom service provider Videocon Wednesday said it would move the Supreme Court for a review of the judgment cancelling its 21 licences issued in 2008 ... Read more...
Posted in Business |
Government not to challenge Supreme Court order on 2G licences
February 29th, 2012 - 9:38 pm ICT by IANS
New Delhi, Feb 29 (IANS) The Indian government will decide by the end of this week what action it would take on the Supreme Court's order quashing 122 licences issued ... Read more...
Posted in Business |
Sistema gives India 6 months to settle 2G licences row
February 28th, 2012 - 7:09 pm ICT by IANS
Moscow/New Delhi, Feb 28 (IANS) Russian conglomerate Sistema Tuesday put the Indian government on notice, saying it would initiate proceedings as per the provisions of the bilateral investment treaty if ... Read more...
Posted in Business |
(VM) Toshiba to expand elevator business in India
February 19th, 2012 - 7:50 pm ICT by IANS
Mumbai, Feb 19 (IANS) Toshiba Elevators, a unit of Japanese conglomerate Toshiba Corporation, plans to aggressively expand its business in India, from where it hopes to generate eight percent of ... Read more...
Posted in Business |
Buffett firm to open 1,000 ice cream stores in China
February 10th, 2012 - 7:05 pm ICT by IANS
Beijing, Feb 10 (IANS) The International Dairy Queen (IDQ), part of American business mogul Warren Buffett's Berkshire Hathaway conglomerate, plans to open 1,000 ice cream stores in China, a media ... Read more...
Posted in World |
Sistema to contest Supreme Court verdict on 2G licence
February 3rd, 2012 - 9:03 pm ICT by IANS
New Delhi, Feb 3 (IANS) Russian conglomerate Sistema Friday said it will seek legal remedies to safeguard its interests in India and the telecom operations under the joint venture with ... Read more...
Posted in Business |
Larsen and Toubro’s third quarter net profit up 18 percent
January 23rd, 2012 - 6:22 pm ICT by IANS
Mumbai, Jan 23 (IANS) Conglomerate Larsen and Toubro (L&T;) Monday reported a 17.96 percent rise in net profit for the third quarter of the current fiscal at Rs.991.55 crore from ... Read more...
Posted in Business |