demerger

Competition check for FDI in pharma will help consumers: CUTS


October 11th, 2011 - 6:26 pm ICT by IANS
New Delhi, Oct 11 (IANS) The government's decision to keep a check on the flow of foreign direct investment (FDI) and mergers and acquisitions in pharmaceutical sector will benefit ... Read more...

Posted in Business |

Areva T&D; restructuring to be over by early 2012


August 6th, 2011 - 5:25 pm ICT by IANS
Chennai, Aug 6 (IANS) Power transmission and distribution equipment company Areva T&D; India Ltd said it is looking to complete its restructuring operations by early next year and is betting ... Read more...

Posted in Uncategorized |

NRPPL raises $40 million for power projects


July 18th, 2011 - 9:11 pm ICT by IANS
Hyderabad, July 18 (IANS) NSL Renewable Power Pvt Ltd (NRPPL), part of the Hyderabad-based NSL Group, Monday said it had executed an agreement with FE Clean Energy Group, a clean ... Read more...

Posted in Environment |

Hindustan Unilever quarterly net profit dips two percent


May 9th, 2011 - 6:01 pm ICT by IANS
Mumbai, May 9 (IANS) Fast moving consumer goods major Hindustan Unilever Ltd (HUL) Monday posted two percent decline in its net profit at Rs.569.15 crore for the quarter ended March ... Read more...

Posted in Business |

Senior telecom official to probe divestment of VSNL


March 22nd, 2011 - 4:00 pm ICT by IANS
New Delhi, March 22 (IANS) S.R. Rao, additional secretary in the Department of Telecom (DoT), has been named to head the probe on matters relating to the divestment of state-run ... Read more...

Posted in Uncategorized |

High Court approves RNRL merger with R-Power


October 15th, 2010 - 9:33 pm ICT by IANS
Mumbai, Oct 15 (IANS) The Bombay High Court Friday gave green signal to the proposed merger of two Anil Ambani group companies, Reliance Power and Reliance Natural Resources Ltd (RNRL), to create ... Read more...

Posted in Business |

Grasim Industries Q1 net profit down 8 percent


July 31st, 2010 - 7:08 pm ICT by IANS
New Delhi, July 31 (IANS) The Aditya Birla-promoted Grasim Industries Limited Saturday reported an 8 percent decline in net profit at Rs.685 crore for the first quarter of 2010-11 as against Rs.744 ... Read more...

Posted in Business |

Apex court verdict on Krishna-Godavari gas dispute likely Friday


May 5th, 2010 - 4:37 pm ICT by IANS
New Delhi, May 5 (IANS) The Supreme Court is expected to deliver Friday its much-awaited verdict on one of India's most high-profile legal battles between companies led by the two Ambani brothers, ... Read more...

Posted in Business |

Texmaco demerges heavy engineering and steel foundry business


February 23rd, 2010 - 9:55 pm ICT by IANS
Kolkata, Feb 23 (IANS) The K.K. Birla group company Texmaco has approved the scheme of demerger of its heavy engineering and steel foundry divisions and their transfer to the Texmaco Machines Limited ... Read more...

Posted in Business |

Why not go for arbitration: Court on Reliance gas dispute


October 21st, 2009 - 5:07 pm ICT by IANS
New Delhi, Oct 21 (IANS) The Supreme Court Wednesday wondered why the Mukesh Ambani-led Reliance Industries did not opt for arbitration to arrive at a suitable arrangement to supply natural gas to ... Read more...

Posted in Business |

Grasim board meets Tuesday to consolidate cement business


October 5th, 2009 - 2:11 pm ICT by IANS
Mumbai, Oct 5 (IANS) The board of UltraTech Cement will meet Tuesday to take a call on the proposal to consolidate all cement units and divisions of the Aditya Birla group ... Read more...

Posted in Business |

Idea Cellular demerges its tower business


July 9th, 2009 - 8:02 pm ICT by IANS
Mumbai, July 9 (IANS) Telecom major Idea Cellular has received shareholders' approval to hive off its tower business into a subsidiary company Idea cellular Towers Infrastructure, the company said Thursday. Its ... Read more...

Posted in Business |

Ashok Leyland to hive off design engineering unit


July 3rd, 2009 - 3:18 pm ICT by IANS
Chennai, July 3 (IANS) India's second largest commercial vehicle manufacturer Ashok Leyland is looking to spin off its design engineering unit Defiance Technologies into a group company, Defiance Tech Ltd, an official ... Read more...

Posted in Business |

Electrotherm to demerge electric vehicles division


November 21st, 2008 - 5:59 pm ICT by IANS
Ahmedabad, Nov 21 (IANS) Electrotherm India, a Rs.133-billion steel and engineering firm that sells electric bikes under the brand name Yo Bykes, is demerging its electric vehicle division from the engineering division. ... Read more...

Posted in Business |

McNally to hive off product division to subsidiary


November 10th, 2008 - 8:26 pm ICT by IANS
Kolkata, Nov 10 (IANS) Engineering firm McNally Bharat Engineering Company Limited (MBE) would hive off its products division to its subsidiary McNally Sayaji Engineering Ltd, a top company official said here Monday."McNally ... Read more...

Posted in Business |

Welspun India spins off wings into separate firms


September 16th, 2008 - 2:52 pm ICT by IANS
New Delhi, Sep 16 (IANS) Home furnishings and textiles maker, Welspun India, part of the $3-billion diversified Welspun Group, Tuesday announced the de-merger of two divisions - distribution and marketing, and investment ... Read more...

Posted in Business |

GTC Industries changes name to Golden Tobacco


July 28th, 2008 - 4:42 pm ICT by IANS
New Delhi, July 28 (IANS) Indian tobacco major GTC Industries Ltd has changed its name to Golden Tobacco Ltd, the company said Monday. Upon approval by the Registrar of Companies, Maharashtra, a ... Read more...

Posted in Business |

Cabinet clears $275 mn Volvo investment in joint venture with Eicher


July 24th, 2008 - 5:56 pm ICT by IANS
New Delhi, July 24 (IANS) The Cabinet Committee on Economic Affairs (CCEA) Thursday approved a foreign direct investment (FDI) of $275 million (Rs.10.43 billion) by Swedish auto major AB Volvo in a ... Read more...

Posted in Business |

Sical Logistics posts Rs.502 mn net profit


June 18th, 2008 - 9:00 pm ICT by IANS
Chennai, June 18 (IANS) Integrated multi modal logistics company Sical Logistics Ltd has closed fiscal 2008 with a turnover of Rs.7.1 billion and a net profit of Rs.502 million as against Rs.10.5 ... Read more...

Posted in Business |

S Kumars identified as mystery buyer of Scottish fashion chain


June 3rd, 2008 - 11:18 am ICT by IANS
Glasgow, June 3 (IANS) After nearly a month's speculation the mystery buyer of a troubled Scottish fashion chain has been revealed to be the Indian textiles giant S Kumars. Around 1,000 workers ... Read more...

Posted in Business |

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