group companies

Ambani seeks higher power tariff to ensure industry’s health


September 4th, 2012 - 7:35 pm ICT by IANS
Mumbai, Sep 4 (IANS) Power tariffs in India will have to go up to reflect the cost it takes to produce electricity and the health of producing companies, Reliance Power ... Read more...

Posted in Business |

Chola MS targets Rs.2,500 crore premium by 2014-15


September 3rd, 2012 - 9:11 pm ICT by IANS
Chennai, Sep 1 (IANS) City-based Cholamandalam MS General Insurance Company (Chola MS) is targeting a premium of Rs.2,500 crore by fiscal 2014-15, a top company official said Monday.To achieve this, ... Read more...

Posted in Business |

Wadia Group companies form structure for common interests


August 6th, 2012 - 9:46 pm ICT by IANS
Kolkata, Aug 6 (IANS) The Wadia Group has floated a formal structure under NowrosjeeWadia & Sons Ltd (NWS) to help group companies in sectors like food, airline, textile and ... Read more...

Posted in Business |

Passengers stranded as 40 Kingfisher flights axed (Second Lead)


July 14th, 2012 - 5:57 pm ICT by IANS
New Delhi/Mumbai, July 14 (IANS) Passengers of Kingfisher Airlines were stranded Saturday as 40 flights across India were cancelled due to a strike by pilots over non-payment of salaries.Passengers in ... Read more...

Posted in Business |

HDFC Standard Life COO quits


July 3rd, 2012 - 4:25 pm ICT by IANS
Chennai, July 3 (IANS) Private life insurer HDFC Standard Life Insurance Company Ltd.'s executive director and chief operating officer Paresh Parasnis has put down his papers, said company and industry ... Read more...

Posted in Business |

Penalty on HDFC Standard Life seen as warning


July 3rd, 2012 - 3:37 pm ICT by IANS
Chennai, July 3 (IANS) A warning bugle for the industry is what life insurance officials say of the Rs.1.47 ($333,000) crore penalty imposed by the insurance regulator on HDFC Standard ... Read more...

Posted in Business |

HDFC Standard Life Insurance fined Rs.1.47 crore


June 28th, 2012 - 11:48 pm ICT by IANS
Chennai, June 28 (IANS) The Insurance Regulatory and Development Authority (IRDA) slapped a fine of Rs.1.47 crore on HDFC Standard Life Insurance Company.Passing the penalty order, which was made public ... Read more...

Posted in Business |

Cyrus Mistry joins Tata Motors board


May 29th, 2012 - 7:42 pm ICT by IANS
Mumbai, May 29 (IANS) Tata Sons chairman-designate Cyrus P. Mistry Tuesday joined the Tata Motors board as a director, the automobile major said.Mistry also holds the position of a director ... Read more...

Posted in Business |

Raja gets bail after 15 months in jail (Second Lead)


May 15th, 2012 - 2:58 pm ICT by IANS
New Delhi, May 15 (IANS) Former communications minister A. Raja, who has been in jail since February last year, was Tuesday granted bail in the 2G spectrum allocation case.Raja, the ... Read more...

Posted in Uncategorized |

After 15 months in jail, Raja gets bail (Lead)


May 15th, 2012 - 2:28 pm ICT by IANS
New Delhi, May 15 (IANS) Former telecommunications minister A. Raja was Tuesday granted bail in the 2G spectrum allocation case. He is the last of the 14 individuals charged in ... Read more...

Posted in Politics |

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 |

Tata Sons denies management restructuring in group companies


April 27th, 2012 - 9:31 pm ICT by IANS
New Delhi, April 27 (IANS) Tata Sons Friday said it has no plan to restructure the managements of group companies by promoting the non-executive vice chairmen to the post of ... Read more...

Posted in Business |

Apex court extends interim relief for Sahara group firms (Lead)


January 9th, 2012 - 11:29 pm ICT by IANS
New Delhi, Jan 9 (IANS) The Supreme Court Monday admitted a plea by two Sahara group companies challenging the Securities Appellate Tribunal's order directing them to refund Rs.17,400 crore mopped ... Read more...

Posted in Business |

Apex court extends interim relief for Sahara group firms


January 9th, 2012 - 10:57 pm ICT by IANS
New Delhi, Jan 9 (IANS) The Supreme Court Monday admitted a plea by two Sahara group companies challenging the Securities Appellate Tribunal's order directing it to refund Rs.17,400 crore ... Read more...

Posted in Business |

Reliance Industries to invest in Network 18, TV18


January 3rd, 2012 - 5:28 pm ICT by IANS
New Delhi, Jan 3 (IANS) Mukesh Ambani promoted Reliance Industries (RIL) Tuesday said it would invest in Network18 and TV18, to help fund promoters of the media firms to acquire ... Read more...

Posted in Business |

Reliance-ADAG shares rally


December 27th, 2011 - 6:44 pm ICT by IANS
Mumbai, Dec 27 (IANS) The share prices of Anil Ambani-led Reliance Group companies rallied Tuesday with the Reliance Communications scrip gaining almost 5 percent.At the Bombay Stock Exchange, shares of ... Read more...

Posted in Uncategorized |

Kinetic Engineering and Kinetic Motor to merge


December 9th, 2011 - 9:45 pm ICT by IANS
Pune, Dec 9 (IANS) In a strategic move, two Firodia Group companies, Kinetic Engineering and Kinetic Motor, would merge into a single entity."We are confident that amalgamation of Kinetic Motor ... Read more...

Posted in Business |

Vedanta Aluminium to raise capacity to 2.5 million tonnes


December 6th, 2011 - 8:55 pm ICT by IANS
Hyderabad, Dec 6 (IANS) Vedanta Aluminium Ltd, a subsidiary of the globally-diversified mining group Vedanta Resources PLC, will be expanding its smelting capacity to 2.5 million tonnes in less than ... Read more...

Posted in Business |

Apex court notice to SEBI on Sahara companies’ plea


November 28th, 2011 - 8:44 pm ICT by IANS
New Delhi, Nov 28 (IANS) The Supreme Court Monday issued notice to the securities and exchange regulator and the central government on a plea of two Sahara group companies which ... Read more...

Posted in Business |

Reliance Cap Q2 total income rises 19 percent


November 11th, 2011 - 7:18 pm ICT by IANS
New Delhi, Nov 11 (IANS) Financial services major Reliance Capital, part of the Reliance Group, Friday reported an increase of 19 percent in total income at Rs.1,546 crore for the ... Read more...

Posted in Business |

Maruti Suzuki strike off as most suspended staff re-instated


October 21st, 2011 - 8:01 pm ICT by IANS
Gurgaon, Oct 21 (IANS) A fortnight-long strike at the Manesar unit of leading automobile maker Maruti Suzuki was called off Friday after a pact among the Haryana government, the company ... Read more...

Posted in Business |

Competition watchdog approves Danone’s acquisition of Wockhardt arm


September 18th, 2011 - 4:25 pm ICT by IANS
New Delhi, Sep 18 (IANS) The Competition Commission of India (CCI) has approved the proposed acquisition of the nutrition business of pharmaceuticals firm Wockhardt by global dairy major Danone.The deal ... Read more...

Posted in Uncategorized |

Ensure law and order for Dunlop plant to function: Ruia


September 10th, 2011 - 7:10 pm ICT by IANS
Kolkata, Sep 10 (IANS) The Ruia Group-owned tyre maker Dunlop India Saturday said unless the law and order situation at its plant in West Bengal's Shahganj improves it cannot resume ... Read more...

Posted in Business |

Dabur Group’s Ashok Burman dies in London


July 9th, 2011 - 6:38 pm ICT by IANS
New Delhi, July 9 (IANS) Ashok C. Burman, chairman-emeritus of the 125-year-old Dabur Group, died in London Saturday noon. He was 81.According to family members, his body will be brought ... Read more...

Posted in Business |

Sahara Group IPO matter between company, SEBI: Government


June 18th, 2011 - 8:51 pm ICT by IANS
New Delhi, June 18 (IANS) The corporate affairs ministry has no role in the delay in Sahara Group's proposed initial public offering (IPO) by market regulator Securities and Exchange Board ... Read more...

Posted in Business |

Reliance Capital consolidated net profit rises 9 percent


May 30th, 2011 - 7:20 pm ICT by IANS
Mumbai, May 30 (IANS) Reliance Capital, the financial services flagship of the Anil Ambani Group Monday reported a 9 percent increase in consolidated net profit, before provisioning, to Rs.475 crore.The ... Read more...

Posted in Business |

Kanimozhi’s bail rejection: Key points from court’s order


May 20th, 2011 - 9:49 pm ICT by IANS
New Delh, May 20 (IANS) DMK chief M.Karunanidhi's daughter Kanimozhi and Kalaignar TV chief Sharad Kumar were taken into custody Friday after their bail applications were dismissed by a ... Read more...

Posted in Uncategorized |

MAT imposed to stop tax distortion: Official


April 13th, 2011 - 9:57 pm ICT by IANS
Kolkata, April 13 (IANS) Minimum Alternative Tax (MAT) is imposed in the special economic zones (SEZs) to stop distortion in direct taxes for the better interest of the country, a ... Read more...

Posted in Business |

Saroj Poddar unifies companies, mulls $2 bn investment


March 23rd, 2011 - 8:04 pm ICT by IANS
New Delhi, March 23 (IANS) Saroj Poddar-led group companies, including Zuari Industries, Texmaco and Paradeep Phosphates, will be unified under a new corporate brand Adventz with plans to invest almost ... Read more...

Posted in Uncategorized |

Bail plea of 2G accused rejected (Lead)


February 25th, 2011 - 9:23 pm ICT by IANS
New Delhi, Feb 25 (IANS) A Delhi court Friday rejected the bail plea of R.K. Chandolia and Shahid Usman Balwa, arrested in the spectrum allocation scam along with former communications minister A. ... Read more...

Posted in Uncategorized |

Companies pad up as World Cup fever comes on


February 24th, 2011 - 12:39 pm ICT by IANS
By Madhulika Sonkar New Delhi, Feb 24 (IANS) From special offers and discounts to new product launches, India Inc is rubbing its hands in glee over the one-and-a-half-month-long World Cup, hoping the cricket ... Read more...

Posted in Sports |

Jaypee announces amalgamation of three group entities


February 14th, 2011 - 10:04 pm ICT by IANS
New Delhi, Feb 14 (IANS) The diversified $3.25 billion Jaypee Group Monday announced the amalgamation of two of its group companies into an existing holding company to consolidate the power ... Read more...

Posted in Business |

Kalaignar TV defends 2G spectrum deal


February 11th, 2011 - 2:43 pm ICT by ANI
New Delhi, Feb 11 (ANI): Kalaignar TV, which is owned by the DMK's first family and is allegedly linked to the 2G scam on Friday clarifying that the channel had nothing to ... Read more...

Posted in National |

No watchdog ban on accessing capital markets: Anil Ambani


January 16th, 2011 - 6:55 pm ICT by IANS
Mumbai, Jan 16 (IANS) Industrialist Anil Ambani Sunday sought to clarify on a consent order of markets watchdog two days ago, and said there was no ban on him or his group ... Read more...

Posted in Business |

Shriram group to divest 20 percent in Shriram Capital to Sanlam


January 12th, 2011 - 4:49 pm ICT by IANS
Chennai, Jan 12 (IANS) The city-based Shriram group plans to divest around 20 percent in its financial services business holding company, Shriram Capital, for around Rs.900 crore ($200 million) in favour of ... Read more...

Posted in Business |

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