market capitalisation

Bharti Airtel’s shares fall for 2nd consecutive day


August 9th, 2012 - 9:43 pm ICT by IANS
Mumbai, Aug 9 (IANS) The shares of leading telecom service provider Bharti Airtel Thursday fell for the second day following disappointing quarterly results.At the Bombay Stock Exchange the shares of ... Read more...

Posted in Sci-Tech |

Indian firms to cut capital expenditure by 14 percent


July 25th, 2012 - 5:39 pm ICT by IANS
Mumbai, July 25 (IANS) Indian companies are likely to reduce capital expenditure by 14 percent in the current financial year due to "policy logjam" and slow economic growth, a survey ... Read more...

Posted in Business |

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 |

Microsoft offers free trial of Windows 8


March 1st, 2012 - 11:54 pm ICT by IANS
London, March 1 (IANS) Microsoft gave reviewers and the public their first taste of its revolutionary new operating system Windows 8, the Daily Mail reported Thursday.Windows 8 will run on ... Read more...

Posted in Sci-Tech |

Vedanta merges units to create India’s largest resources firm (Lead)


February 26th, 2012 - 1:09 am ICT by IANS
Mumbai, Feb 25 (IANS) Anil Agarwal-promoted Vedanta Resources Saturday said it will merge its Indian subsidiaries into a single unit this year to create India's largest natural resources firm with ... Read more...

Posted in World |

Made in India, faked in China — $5-bn loss


January 1st, 2012 - 4:18 pm ICT by IANS
New Delhi, Jan 1 (IANS) Chinese manufacturers are increasingly "faking" popular Indian products of consumer goods giants such as Dabur and ITC, undermining the legitimacy of brands and causing losses ... Read more...

Posted in Business |

K.P. Singh almost sold his stake in DLF for Rs.26 lakh


November 15th, 2011 - 1:28 pm ICT by IANS
New Delhi, Nov 15 (IANS) Billionaire realtor Kushal Pal Singh almost sold his stake in DLF for a paltry Rs.26 lakh in 1975 due to red tape but decided to ... Read more...

Posted in Life Style |

Plan panel member calls for rebuilding trust in business


November 11th, 2011 - 10:14 pm ICT by IANS
Mumbai, Nov 11 (IANS) Calling for rebuilding the rapidly dwindling trust in business enterprises, Planning Commission member Arun Maira Friday said that a partnership was needed between businesses, civil society ... Read more...

Posted in Business |

State run firms become largest in terms of market capitalisation


August 19th, 2011 - 4:36 pm ICT by IANS
Mumbai, Aug 19 (IANS) State-run companies Coal India and ONGC Friday became the most valuable companies by market capitalisation, with the public-owned oil and gas major pushing Mukesh Ambani-led Reliance ... Read more...

Posted in Business |

Coal India topples RIL as most valuable firm


August 18th, 2011 - 5:51 pm ICT by IANS
Mumbai, Aug 18 (IANS) State-run miner Coal India has become the most valuable company in terms of market capitalisation, toppling Mukesh Ambani-led Reliance Industries (RIL).According to data available with the ... Read more...

Posted in Business |

Apple has more cash than US government today


July 29th, 2011 - 2:46 pm ICT by IANS
New York, July 29 (IANS) As of today, Apple boss Steve Jobs is richer than Uncle Sam.While the world's most powerful government has just $73.76 billion in its reserves, the ... Read more...

Posted in Uncategorized |

Apple now most valuable global brand


May 9th, 2011 - 6:21 pm ICT by IANS
London, May 9 (IANS) Apple has overtaken Google as the world's most valuable brand, ending a four-year reign by the internet search leader.The iPhone and iPad maker's brand is ... Read more...

Posted in Uncategorized |

K.K. Modi Group sets up new management entities


April 14th, 2011 - 5:52 pm ICT by IANS
New Delhi, April 14 (IANS) The diversified Rs.2,500-crore ($555.55 million) K.K. Modi Group said Thursday it has set up a new corporate centre and a family council with the aim ... Read more...

Posted in Business |

NALCO approves stock split, issues bonus shares


March 5th, 2011 - 5:02 pm ICT by IANS
Bhubaneswar, March 5 (IANS) State-run National Aluminium Company Limited (NALCO) Saturday said it had decided to go for capital restructuring by splitting an equity share of Rs.10 into two equity ... Read more...

Posted in Business |

BP to buy 30 percent stake in RIL oil blocks for $7.2 bn


February 21st, 2011 - 7:10 pm ICT by IANS
New Delhi, Feb 21 (IANS) Mukesh Ambani-led Reliance Industries (RIL) Monday said that London-based global energy major BP was buying a 30-percent stake in 23 of its oil and gas blocks for ... Read more...

Posted in Business |

Marketcap of Rs.3 lakh crore destroyed by bear cartel: ADAG


February 10th, 2011 - 3:19 pm ICT by IANS
New Delhi, Feb 10 (IANS) The Reliance Dhirubhai Ambani Group (R-ADAG) Wednesday said an illegal bear cartel had destroyed market capitalisation worth a whopping Rs.3 lakh crore ($66 billion) in recent days ... Read more...

Posted in Business |

Nalco issues bonus shares opting stock spilt


February 2nd, 2011 - 7:57 pm ICT by IANS
Bhubaneswar, Feb 2 (IANS) For the first time, the Orissa government-run National Aluminium Company Limited (Nalco) has decided to go for capital restructuring by splitting a share of Rs.10 into two shares ... Read more...

Posted in Business |

With 7,936 pacts, $462 bn investment, Modi makes Gujarat shine (Lead)


January 14th, 2011 - 6:22 pm ICT by IANS
By Arvind Padmanabhan Gandhinagar, Jan 14 (IANS) If it is rare for 60 of India's top industrialists, representing companies that command the bulk of market capitalisation, to share the dais at a ... Read more...

Posted in Business |

Modi no longer bats just for Gujarat to attract investment (News Analysis)


January 14th, 2011 - 5:40 pm ICT by IANS
By Arvind Padmanabhan Gandhinagar, Jan 14 (IANS) The two-day Vibrant Gujarat Summit that concluded with much fanfare here Thursday presented three striking facets that catapult both the state and its Chief Minister ... Read more...

Posted in Business |

Indian company buys Australian coal mines in $850 mn deal


December 15th, 2010 - 8:06 pm ICT by IANS
Sydney, Dec 15 (IANS) Lanco Infratech, an Indian infrastructure group, has bought the coal mines of Australia's Griffin Coal for almost $850 million in one of India's largest investments in the country, ... Read more...

Posted in Business |

‘Over Rs.23,000 crore raised in private equity deals in 2010′


December 12th, 2010 - 12:40 am ICT by IANS
Kolkata, Dec 11 (IANS) Private equity deals raised between Rs.23,000 crore to Rs.24,000 crore in India this year compared to Rs.14,000 crore in 2009 (calendar year), market analysts said here Saturday."This calendar ... Read more...

Posted in Business |

Disinvestment department gets new website


December 1st, 2010 - 9:16 pm ICT by IANS
New Delhi, Dec 1 (IANS) Finance Minister Pranab Mukherjee Wednesday launched the new website of the disinvestment department that contains details of 49 listed public sector undertakings and the government guidelines ... Read more...

Posted in Business |

Gujarat will power India’s development: Narendra Modi (Lead)


November 23rd, 2010 - 8:36 pm ICT by IANS
New Delhi, Nov 23 (IANS) Gujarat Chief Minister Narendra Modi made a persuasive pitch to the global business community to consider his state for investment, saying his state's rapid growth will ... Read more...

Posted in Business |

Narendra Modi makes strong pitch for ‘Vibrant Gujarat’


November 23rd, 2010 - 6:00 pm ICT by IANS
New Delhi, Nov 23 (IANS) Gujarat Chief Minister Narendra Modi made a strong pitch to the global business community to consider his state for investment at the upcoming summit in Gandhinagar, ... Read more...

Posted in Business |

Axis Bank set to open 100 new rural branches


November 22nd, 2010 - 9:31 pm ICT by IANS
Rajula (Gujarat), Nov 22 (IANS) Axis Bank, India's third largest private bank, is set to open 100 new branches across the country under it's rural banking strategy, an official said Monday.Shriniwas Dandekar, ... Read more...

Posted in Business |

Kiwi mine atmosphere potentially explosive, says rescue chief


November 21st, 2010 - 5:20 pm ICT by ANI
Greymouth (New Zealand), Nov.21 (ANI): Sending rescuers into the Pike River mine would be like asking them to walk up the barrel of a gun, the country's mine rescue chief has said.NZ ... Read more...

Posted in Sports |

Coal India jumps 40 percent to Rs.342.35 on debut (Lead)


November 4th, 2010 - 5:46 pm ICT by IANS
Mumbai, Nov 4 (IANS) The share price of state-run Coal India closed at Rs.342.35, up 39.73 percent from the issue price of Rs.245, on the first day of trading at the ... Read more...

Posted in Business |

Coal India surges 39 percent on debut


November 4th, 2010 - 4:29 pm ICT by IANS
Mumbai, Nov 4 (IANS) The share price of state-run Coal India surged to Rs.340, up 38.77 percent from the issue price of Rs.245, on the first day of trading at the ... Read more...

Posted in Business |

SKS Microfinance net profit rises in second quarter


October 23rd, 2010 - 7:09 pm ICT by IANS
New Delhi, Oct 23 (IANS) India's largest private small scale lender, SKS Microfinance Saturday reported a rise of 116 percent at Rs.80.54 for the quarter ended Sep 30 compared to Rs.37.35 crore ... Read more...

Posted in Business |

Gurumani fired because of interpersonal issues: SKS Microfin


October 12th, 2010 - 8:07 pm ICT by IANS
Mumbai, Oct 12 (IANS) India's largest private small scale lender SKS Microfinance fired its Chief Executive Suresh Gurumani because of "interpersonal issues" with the senior management, the company's founder Vikram Akula said ... Read more...

Posted in Business |

New SKS chief barred from taking major decisions


October 9th, 2010 - 9:12 pm ICT by IANS
Hyderabad, Oct 9 (IANS) The Andhra Pradesh High Court has barred the new chief executive of SKS Microfinance from taking any major decisions before the conclusion of a case related to the ... Read more...

Posted in Business |

Sensex gives up gains, broader indices outperform (Lead)


October 6th, 2010 - 2:13 pm ICT by IANS
Mumbai, Oct 6 (IANS) A benchmark index of Indian equities Wednesday gave up its early morning gains at noon even as mid-size and small scrips saw better buying interest.The 30-share ... Read more...

Posted in Business |

India, China tie for top place in Forbes Asia’s Fab 50


September 16th, 2010 - 12:18 pm ICT by IANS
By Arun Kumar Washington, Sep 16 (IANS) India and China have tied for top place on 2010 Forbes Asia's Fab 50 List with 16 firms each.India had 16 entries on the annual ... Read more...

Posted in Business |

Vishal Retail sells business for Rs.100 crore


September 13th, 2010 - 6:02 pm ICT by IANS
Mumbai, Sep 13 (IANS) Debt-ridden Vishal Retail Monday said it would sell its retail operations to the Shriram Group and wholesale business to the Indian subsidiary of US-based private equity firm TPG. It ... Read more...

Posted in Business |

Two Anil Ambani group firms propose $11 bn merger deal


July 4th, 2010 - 5:48 pm ICT by IANS
Mumbai, July 4 (IANS) The boards of two energy firms belonging to the Reliance Anil Dhirubhai Ambani Group (ADAG) -- one in the business of generating power and the other ... Read more...

Posted in Business |

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