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Deccan Chronicle Holdings reject bid for Deccan Chargers


September 13th, 2012 - 7:12 pm ICT by IANS
Chennai, Sep 13 (IANS) The Indian Premier League (IPL) team Deccan Chargers owned by Deccan Chronicle Holdings Ltd. (DCHL) remained unsold Thursday after the sole bid from PVP Ventures was ... Read more...

Posted in Sports |

Texmaco for logistic park in West Bengal


August 30th, 2012 - 10:13 am ICT by IANS
Kolkata, Aug 30 (IANS) Texmaco Infrastructure and Holdings Ltd. has applied to the West Bengal government to allow it to set up a logistic-cum-food processing park in Howrah district, the ... Read more...

Posted in Business |

S&P; cuts Tata Steel outlook to negative


July 26th, 2012 - 9:01 pm ICT by IANS
New Delhi, July 26 (IANS) Global ratings agency Standard & Poor's Thursday cut its outlook on Tata Steel and its European subsidiary Tata Steel UK Holdings Ltd to "negative" from ... Read more...

Posted in Business |

IVRCL Group bags orders worth Rs.4,081 crore


April 2nd, 2012 - 5:41 pm ICT by IANS
Mumbai, April 2 (IANS) IVRCL Group Monday said it had bagged orders worth Rs.4,081 crore in buildings, transportation and thermal power plant segments.IVRCL Assets and Holdings Ltd, a subsidiary of ... Read more...

Posted in Business |

IVRCL arm bags Rs.1,300 crore highway project


January 30th, 2012 - 3:26 pm ICT by IANS
Mumbai, Jan 30 (IANS) Infrastructure firm IVRCL Ltd Monday said its subsidiary, IVRCL Assets and Holdings Ltd, has bagged a Rs.1,300 crore project from the National Highway Authority of India ... Read more...

Posted in Business |

Rane group enters defence, aerospace sector


September 29th, 2011 - 12:46 am ICT by IANS
Chennai, Sep 28 (IANS) Chennai based auto component group Rane Wednesday announced its diversification into defence and aerospace production as it acquired a 26 percent stake in SasMos Het Technologies ... Read more...

Posted in Business |

L&T; planning private equity fund after IPO


July 25th, 2011 - 7:10 pm ICT by IANS
Chennai, July 25 (IANS) Engineering and construction group Larsen and Toubro (L&T;) is working on launching a private equity fund to finance infrastructure projects."We are working at it. But it ... Read more...

Posted in Business |

Ex-Harrods boss Al Fayed to make bid for 007 film studio


April 22nd, 2011 - 2:48 pm ICT by ANI
London, Apr.22 (ANI): Former Harrods boss Mohamed Al Fayed is poised to make an offer on the James Bond studiosAccording to the Daily Mail, Al Fayed is seeking to become a movie ... Read more...

Posted in Sports |

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 |

Gujarat government pulled up for delay in food adulteration cases


December 13th, 2010 - 5:05 pm ICT by IANS
Gandhinagar, Dec 13 (IANS) Gujarat High Court has come down heavily on the state government for being slow in allowing tests and subsequent prosecution in food adulteration cases, which results in a ... Read more...

Posted in Business |

World’s most expensive website ‘Sex.com’ sells for $13 million!


November 20th, 2010 - 1:49 pm ICT by ANI
New York, Nov 20 (ANI): The world's most expensive website 'Sex.com' has been sold for a whopping 13 million dollars - that's how much Clover Holdings LTD paid for the rights.Previous owner ... Read more...

Posted in Health Science |

Domain Sex.com sold for record $13 million


November 19th, 2010 - 3:51 am ICT by BNO News
CAMBRIDGE, MASSACHUSETTS (BNO NEWS) -- Online domain specialist Sedo on Thursday announced Escom's sale of the Sex.com domain name for a record $13 million.Sedo did not reveal the new owner, but reports ... Read more...

Posted in Technology Industry News |

Tecpro Systems allots shares to eight anchor investors


September 23rd, 2010 - 7:35 pm ICT by IANS
Chennai, Sep 23 (IANS) Material handling company Tecpro Systems will hit the capital market Monday with an initial public offering (IPO) to raise around Rs.268 crore. The company has allotted 13,23,000 shares at ... Read more...

Posted in Business |

McLeod Russel plans blending unit in Dubai


August 2nd, 2010 - 4:59 pm ICT by IANS
Kolkata, Aug 2 (IANS) The world's largest tea producer, McLeod Russel India, plans to set up a tea blending unit in Dubai to offer a new range of products to its customers, ... Read more...

Posted in Business |

Noel Tata is new MD of Tata Internatinal


July 29th, 2010 - 7:50 pm ICT by IANS
Mumbai, July 29 (IANS) The Tata Group Thursday appointed Noel N. Tata the managing director (MD) of Tata Internatinal. He will be based in Mumbai. Noel Tata has stepped down as the MD ... Read more...

Posted in Business |

Chinese company to buy 10% stake in Facebook’s Russian Investor‎


April 13th, 2010 - 8:14 pm ICT by BNO News
SHANGHAI (BNO NEWS) -- A Chinese company will pay USD 300 million for a 10.26 percent stake in Digital Sky Technologies Ltd. (DST), a Facebook's Russian Investor‎.Tencent Holdings Ltd said in ... Read more...

Posted in Business, Technology Industry News |

Canara HSBC Oriental Life to infuse Rs.300 crore


April 13th, 2010 - 3:52 pm ICT by IANS
Chennai, April 13 (IANS) The Canara HSBC Oriental Bank of Commerce Life Insurance Company has decided to infuse Rs.300 crore this fiscal for operational expansion. Post-infusion, the company's equity will shoot up to ... Read more...

Posted in Business |

Hinduja Leyland Finance to disburse Rs.850 crore


April 1st, 2010 - 7:36 pm ICT by IANS
Chennai, April 1 (IANS) Non-banking finance company (NBFC) Hinduja Leyland Finance Limited is planning to disburse Rs.850 crore in the first year of its operations. The company, which recently got the certification of ... Read more...

Posted in Business |

Jon Corzine Joins MF Global As Chairman-CEO


March 24th, 2010 - 7:42 pm ICT by GD
By Ranjan Bhaduri New Jersey, Mar 24, (THAINDIAN NEWS) Jon Corzine was never a politician from the beginning of his career. He was a veteran financial analyst who rose to fame during his ... Read more...

Posted in Business |

Drug firm Strides to buy out Aspen stake in JVs


March 18th, 2010 - 8:09 pm ICT by IANS
Bangalore, March 18 (IANS) Leading Indian generic drug maker Strides Arcolab will buy out 50 percent of the stake Aspen Pharmacare Holdings Ltd of South Africa has in their two oncology joint ... Read more...

Posted in Business |

L&T Finance to raise Rs.400-500 crore by March


February 11th, 2010 - 5:47 pm ICT by IANS
Kolkata, Feb 11 (IANS) Engineering major Larsen & Toubro's financial services arm, L&T Finance Ltd, would raise another Rs.400-500 crore through debt after its current Rs.500 crore fund raising through an issue ... Read more...

Posted in Business |

Red hot Neha Dhupia goes green for environment


December 15th, 2009 - 7:39 pm ICT by Sampurn Wire
Neha Dhupia has found a novel way of jumping on the Green Bandwagon. The star has gone bravely bare on a calendar dedicated to the cause as her bit for the ... Read more...

Posted in Entertainment |

China’s super-rich only second to US


October 13th, 2009 - 7:58 pm ICT by IANS
Beijing, Oct 13 (IANS) China's super-rich have bounced back from the financial crisis, and the country now has more known dollar billionaires than any other nation except the US, a study released ... Read more...

Posted in Business |

McLeod Russel’s unit acquires 75 percent stake in US firm


August 25th, 2009 - 4:19 pm ICT by IANS
Kolkata, Aug 25 (IANS) Borelli Tea Holdings Ltd, the Britain-based subsidiary of Indian tea producer McLeod Russel, has acquired 75 percent equity stake in Olyana Holdings LLC of the US for $2.75 ... Read more...

Posted in Business |

Liverpool on verge of financial meltdown


June 5th, 2009 - 1:58 pm ICT by ANI
London, June 5 (ANI): Liverpool are reported to be on the verge of a financial meltdown, with club accountants issuing a statement admitting there is "significant doubt" as to whether the company ... Read more...

Posted in Sports |

French Danone to exit Britannia by selling stake


April 6th, 2009 - 11:26 pm ICT by IANS
Bangalore, April 6 (IANS) Danone SA of France will exit Britannia Industries of Wadias group by selling its entire stake to the Mauritius-based investment firm Leila Lands Ltd., which holds 25 percent ... Read more...

Posted in Business |

McLeod Russel net profit up 61.5 percent


January 29th, 2009 - 9:33 pm ICT by IANS
Kolkata, Jan 29 (IANS) Tea plantation major McLeod Russel Thursday said its net profit rose 61.5 percent to Rs.485.9 million (Rs.48.59 crore/$10 million) in the quarter ended Dec 31 from Rs.300.9 million ... Read more...

Posted in Uncategorized |

Gujarat Paguthan seeks IFC loan for wind power project


July 24th, 2008 - 5:30 pm ICT by IANS
Ahmedabad, July 24 (IANS) Gujarat Paguthan Energy Corp (GPEC), an independent power project in Bharuch district, has sought a $20-million loan from the International Finance Corp (IFC) to part finance the first ... Read more...

Posted in Business |

23 SEZ proposals cleared


June 5th, 2008 - 1:06 am ICT by IANS
New Delhi, June 4 (IANS) The government Wednesday approved proposals for 23 special economic zones (SEZs) that would come up in Maharashtra, Gujarat, Uttar Pradesh, Haryana, Andhra Pradesh and Karnataka. The board ... Read more...

Posted in Business |

Crompton Greaves acquires French firm


June 2nd, 2008 - 4:51 pm ICT by IANS
Mumbai, June 2 (IANS) In its fourth global acquisition, electrical equipment major Crompton Greaves Limited has bought French power transformers repairing leader Societe Nouvelle de Maintenance Transformateurs (Sonomatra) for 1.30 million euros ... Read more...

Posted in Business |

Metso to make Rs.1.12 bn machine for Essar Steel


May 16th, 2008 - 7:23 pm ICT by admin
Mumbai, May 16 (IANS) Leading mining solutions provider Metso Minerals Friday said that it will supply a Rs.1.12 billion iron ore machine to Essar Steel Holdings Ltd. The iron ore induration machine, ... Read more...

Posted in Business |

British relators seeking Indian investments


April 23rd, 2008 - 8:51 pm ICT by admin
New Delhi, April 23 (IANS) British property developers are now looking to promote and sell Britain as a viable and stable real estate market to the Indian investors. "The success story of ... Read more...

Posted in Business |

Mega news year for print media in Tamil Nadu


April 12th, 2008 - 11:47 am ICT by admin
Chennai, April 12 (IANS) Coming Monday, the traditional Tamil New Year, Chennai will witness an explosion of print media. The Times of India plans to launch its Chennai edition April 14. Deccan ... Read more...

Posted in Uncategorized |

Lachlan Murdoch pulls out of deal with James Packer


April 7th, 2008 - 3:07 pm ICT by admin
Sydney, Apr 7 (ANI): Media heir Lachlan Murdoch has pulled out of a 3.3 billion dollar deal to privatise Consolidated Media Holdings Ltd (CMH) with friend and fellow tycoon James Packer.Monday's ... Read more...

Posted in National |

Indian firm buys second Australian winery to meet demand for wine


March 24th, 2008 - 1:48 pm ICT by admin
Melbourne, Mar.24 (ANI): The Indian wine sector is looking to Australia and other places around the world to help it meet increasing demand for quality wine in India. Indage Holdings Ltd, a ... Read more...

Posted in National |

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