equity participation

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 |

India asks Saudi Arabia to hike crude oil supply


February 23rd, 2012 - 5:33 pm ICT by IANS
New Delhi, Feb 23 (IANS) In a move seen to fill a possible cut in supplies from sanctions-hit Iran, India Thursday asked Saudi Arabia to raise supply of crude oil ... Read more...

Posted in World |

CSE alleges wrongdoing in solar mission, firm denies charges


February 1st, 2012 - 9:11 pm ICT by IANS
New Delhi, Feb 1 (IANS) The CSE Wednesday accused an Indian company of cornering lucrative projects related to a project meant to provide 20,000 MW of solar power by 2022. ... Read more...

Posted in Business |

Kerala mulls new bank and university for NRKs


December 30th, 2011 - 9:04 pm ICT by IANS
Thiruvananthapuram, Dec 30 (IANS) Kerala Chief Minister Oommen Chandy Friday held out an assurance that the state government will look into all the legal and technical issues of floating ... Read more...

Posted in Business |

Firms keen on JVs for oil, gas exploration in Africa: Reddy


December 9th, 2011 - 3:32 pm ICT by IANS
New Delhi, Dec 9 (IANS) Indian companies are keen to enter partnerships and form joint ventures for enhancing oil and gas exploration activities in African countries, Minister of Petroleum and ... Read more...

Posted in Business |

Railways to set up new body to improve stations


November 11th, 2011 - 9:47 pm ICT by IANS
New Delhi, Nov 11 (IANS) Indian Railways said Friday it will set up a separate Railway Stations Development Corporation to improve passenger facilities."A need was being felt to have a ... Read more...

Posted in Business |

Shriram Housing Finance open for outside equity infusion


August 10th, 2011 - 8:05 pm ICT by IANS
Chennai, Aug 10 (IANS) Shriram Housing Finance Ltd., a financial services outfit of the city-based Shriram Group scheduled to start operations soon, is open for equity participation from investors including ... Read more...

Posted in Business |

FDI inflow in mining increases


August 5th, 2011 - 7:35 pm ICT by IANS
New Delhi, Aug 5 (IANS) Foreign direct investment (FDI) in mining sector during this April-May was Rs.436.61 crore ($98.28 million), surpassing the Rs.357.42 crore ($79.51 million) FDI inflows during the ... Read more...

Posted in Uncategorized |

Nalco to set up subsidiaries


July 8th, 2011 - 7:28 pm ICT by IANS
Kolkata, July 8 (IANS) The National Aluminium Company Ltd (Nalco), a Navaratna PSU, is planning to set up two subsidiaries to run its power and non-aluminium business, a company executive ... Read more...

Posted in Uncategorized |

Chatterjee Group to set up private bank in Bengal


July 7th, 2011 - 12:13 am ICT by IANS
Kolkata, July 6 (IANS) The Chatterjee Group (TCG) is looking at setting up a private bank in West Bengal.Talking to reporters after a meeting Chief Minister Mamata Banerjee at ... Read more...

Posted in Business |

‘Bihar not to acquire farm land for industry’


June 30th, 2011 - 8:18 pm ICT by IANS
Kolkata, June 30 (IANS) The Bihar government will not acquire agricultural land for industry, Deputy Chief Minister Sushil Modi said here Thursday."We do not want any confrontation with the farmers. ... Read more...

Posted in Business |

Kochi Metro project to go ahead: Chandy


June 6th, 2011 - 7:50 pm ICT by IANS
Thiruvananthapuram, June 6 (IANS) The much-awaited but long-delayed Rs.3,048 crore (Rs.30.48 billion) Kochi Metro Rail (KMR) project, which is expected to solve the vexed traffic problems in Kerala's commercial capital, ... Read more...

Posted in Business |

Manmohan inaugurates Madhya Pradesh refinery (Lead)


May 20th, 2011 - 7:22 pm ICT by IANS
Bhopal, May 20 (IANS) Hailing it as an example of India-Oman collaboration, Prime Minister Manmohan Singh Friday dedicated the Bina refinery in Madhya Pradesh to the nation.The Rs.12,100 crore ... Read more...

Posted in Business |

Manmohan inaugurates Bina refinery, announces Bundelkhand package


May 20th, 2011 - 3:27 pm ICT by IANS
Bhopal, May 20 (IANS) Hailing it as an example of India-Oman collaboration, Prime Minister Manmohan Singh Friday dedicated the Bina refinery in Madhya Pradesh to the nation. He also ... Read more...

Posted in Politics |

PFC plans picking up stake in power firms


May 9th, 2011 - 9:27 pm ICT by IANS
Chennai, May 9 (IANS) After funding power projects, Power Finance Corp (PFC) is now keen on taking equity participation in power companies and funding coal mines, an official said Monday."We ... Read more...

Posted in Business |

A joint venture to train over two million in diverse skills


December 21st, 2010 - 9:29 pm ICT by IANS
New Delhi, Dec 21 (IANS) The state-run National Skills Development Corporation (NSDC) Tuesday said it has entered into a joint venture with the Empower Pragati Vocational and Staffing Private Limited to train ... Read more...

Posted in Business |

Eight FDI proposals approved


December 15th, 2010 - 12:28 am ICT by IANS
Chennai, Dec 14 (IANS) India's Foreign Investment Promotion Board (FIPB) has approved eight foreign direct investment (FDI) proposals totalling around Rs.883 crore (Rs.8.83 bn/over $195 mn approx), a government release said Tuesday. ... Read more...

Posted in Business |

Kochi airport plans expansion with rise in profits


November 13th, 2010 - 2:52 pm ICT by IANS
Kochi, Nov 13 (IANS) Kerala's Kochi airport, the fourth largest airport that handles international passengers in India, Saturday announced that its profit touched Rs.77 crore in fiscal 2009-10 and it will invest ... Read more...

Posted in Business |

Karnataka okays second phase of Bangalore Metro


November 10th, 2010 - 1:04 am ICT by IANS
Bangalore, Nov 9 (IANS) The Karnataka government late Tuesday approved the second phase of the Bangalore Metro project (51 km) at a cost of a whopping Rs.14,774 crore (Rs.147.74 billion)."The cabinet has ... Read more...

Posted in Business |

R-Com looks at investor, public issue for tower arm


September 28th, 2010 - 4:33 pm ICT by IANS
Mumbai, Sep 28 (IANS) Reliance Communications, India's second largest telecom firm, Tuesday said it was not only considering up to 26 percent equity investment by a strategic investor, but also floating a ... Read more...

Posted in Business |

New stock exchange begins operations in Mumbai


September 20th, 2010 - 9:38 pm ICT by ANI
Mumbai, Sep. 20 (ANI): The United Stock Exchange (USE), a new stock exchange for currency derivatives, began its operations here on Monday.Chairman of the Securities and Exchange Board of India (SEBI) C. ... Read more...

Posted in Business |

New diamond sourcing company in Surat


August 17th, 2010 - 10:19 pm ICT by ANI
By DharmeshSurat (Gujarat), Aug.17 (ANI): Around 1500 small, medium and large diamond merchants of Surat are floating a company to directly source roughs from mining companies across the globe.The new company ... Read more...

Posted in National |

TRAI proposes 74 percent foreign investment in DTH


June 30th, 2010 - 7:25 pm ICT by IANS
New Delhi, June 30 (IANS) India's broadcasting industry watchdog Wednesday recommended increasing the cap on foreign investment in direct-to-home services from the current 49 to 74 percent. It also favoured raising the ... Read more...

Posted in Business |

India signs $50m loan, offers $75m more to Zambia (Third Lead)


January 6th, 2010 - 8:46 pm ICT by IANS
Lusaka (Zambia), Jan 6 (IANS) India Wednesday signed a deal for extending a $50 million line of credit to Zambia, with a proposal to extend another soft loan of $75 million - ... Read more...

Posted in Business |

India offers $125 million lines of credit to Zambia (Second Lead)


January 6th, 2010 - 7:39 pm ICT by IANS
Lusaka, Jan 6 (IANS) India Wednesday offered lines of credit totalling $125 million to Zambia, even as both countries agreed there was need to reinvigorate ties to reflect changed times. On the second ... Read more...

Posted in Business |

India eyeing oil production opportunities in Africa


December 7th, 2009 - 2:47 pm ICT by IANS
New Delhi, Dec 7 (IANS) India is looking to participate in "exploration and production opportunity" in Africa and to be a part of the continent's natural gas market, Petroluem Minister Murli Deora ... Read more...

Posted in Business |

SAIL, NMDC sign pact to develop Arki Limestone Mine in Himachal


November 16th, 2009 - 7:01 pm ICT by ANI
New Delhi, Nov. 16 (ANI): Mining major NMDC and Steel Authority of India Ltd. (SAIL) today signed a Memorandum of Understanding (MoU) to develop a limestone project at Arki in Himachal Pradesh. ... Read more...

Posted in Business |

Kolkata’s Starlite Infotech ties up with Spanish firm


October 29th, 2009 - 9:40 pm ICT by IANS
Kolkata, Oct 29 (IANS) City-based information technology firm Starlite Infotech Thursday inked an alliance with Spanish open-source solutions provider Openbravo for offering enterprise resource planning (ERP) solutions to small and medium enterprises ... Read more...

Posted in Business |

Foreign investment proposals worth Rs.74.61 crore okayed


September 8th, 2009 - 9:03 pm ICT by IANS
New Delhi, Sep 8 (IANS) The government Tuesday approved nine foreign investment proposals worth Rs.74.61 crore on the recommendations of the Foreign Investment Promotion Board (FIPB). However, the board rejected the proposal of ... Read more...

Posted in Business |

Coal India allowed to import coking coal


August 27th, 2009 - 6:06 pm ICT by IANS
New Delhi, Aug 27 (IANS) The government Thursday allowed the state-owned Coal India to import coking coal and high grade ash thermal coal by acquiring coal properties abroad or overseas joint ventures. The ... Read more...

Posted in Business |

CIAL announces 10 percent dividend


July 29th, 2009 - 10:27 pm ICT by IANS
Thiruvananthapuram, July 29 (IANS) Cochin International Airport Limited (CIAL), the fourth largest airport in India, Wednesday announced a divided of 10 percent up from eight percent given last year. A top CIAL official ... Read more...

Posted in Business |

Company for energy efficiency schemes on cards


July 27th, 2009 - 9:04 pm ICT by IANS
New Delhi, July 27 (IANS) The government is planning to set up a new company to oversee and implement energy efficiency schemes and reduce transmission losses. The company, Energy Efficiency Services Ltd (EESL), ... Read more...

Posted in Business |

Malaysian Indian Congress demands 25 percent of ASW 2020 shares for Malay Indians


April 23rd, 2009 - 1:18 pm ICT by ANI
Kuala Lumpur, Apr.23 (ANI): The Malaysian Indian Congress (MIC) has asked the Malaysian Government to reserve at least 25 percent of the 100 million units of the free Amanah Saham Wawasan ... Read more...

Posted in World |

Cochin international airport profits touch Rs.60.32 crore


April 22nd, 2009 - 9:08 pm ICT by IANS
Thiruvananthapuram, April 22 (IANS) Cochin International Airport Limited (CIAL) Wednesday announced a pre-tax profit of Rs.60.32 crore (Rs.603.2 million) for the fiscal year 2008-09. Kerala Chief Minister V.S. Achuthanandan, who is also chairman ... Read more...

Posted in Business |

Broadcasters cannot control distribution: Regulator (Lead)


February 25th, 2009 - 8:02 pm ICT by IANS
New Delhi, Feb 25 (IANS) The country's telecom watchdog, Telecom Regulatory Authority of India (TRAI), Wednesday said broadcasters should not have any control over distribution operations and vice-versa. "Any entity having more ... Read more...

Posted in Sci-Tech |

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