overseas operations

IOB plans to raise $500 mn through MTN issue


July 19th, 2012 - 9:04 pm ICT by IANS
Kolkata, July 19 (IANS) State-run Indian Overseas Bank (IOB) is planning to raise $500 million through the issue of medium term notes (MTNs) in 3-6 months, Chairman and Managing Director ... Read more...

Posted in Business |

Chinese agency suffers losses abroad


June 2nd, 2012 - 2:43 pm ICT by IANS
Beijing, June 2 (IANS) A third of the overseas arms of China's State Development and Investment Corp (SIC) suffered losses totaling 59.4 million yuan ($9.32 million) in 2010, China Daily ... Read more...

Posted in Uncategorized |

Iran sends troops to Syria


May 30th, 2012 - 4:31 am ICT by IANS
Tehran, May 30 (IANS) Iran has sent its troops to help the regime of embattled Syrian President Bashar al-Assad fight opposition forces, a senior commander of the Iranian Revolutionary Guards ... Read more...

Posted in World |

‘Government should encourage competition in transport sector’


February 17th, 2012 - 5:23 pm ICT by IANS
New Delhi, Feb 17 (IANS) The government should take active steps to encourage competition in the transport sector to allow passengers to benefit from low costs and greeater choices, consumer ... Read more...

Posted in Business |

Private Indian airlines allowed to expand overseas services


February 14th, 2012 - 6:00 pm ICT by IANS
New Delhi, Feb 14 (IANS) The Indian government Tuesday allowed domestic private airlines to expand their overseas operations by using the maximum permissible limits of bilateral flying rights.So far, only ... Read more...

Posted in Business |

Ratan Tata force behind group’s international foray


November 24th, 2011 - 12:33 am ICT by IANS
Mumbai, Nov 23 (IANS) After two decades at the helm of one of the largest Indian conglomerates, Tata Group chairman Ratan Tata Wednesday announced the name of his successor ... Read more...

Posted in Business |

Bank of Baroda to open more branches in Africa


August 11th, 2011 - 11:32 pm ICT by IANS
Kolkata, Aug 11 (IANS) State-run Bank of Baroda is aiming to open 15 more branches in East African countries Kenya and Uganda and several other nations in Asia and Asia-Oceania ... Read more...

Posted in Business |

Indian Bank to raise $500 mn for overseas operations


July 29th, 2011 - 7:55 pm ICT by IANS
Chennai, July 29 (IANS) Chennai-based public sector Indian Bank has decided to raise up to $500 million loan shortly for its overseas operations, the bank's chairman said here Friday.Speaking to ... Read more...

Posted in Business |

PNB mulls Rs.100 crore investment in proposed arm


July 6th, 2011 - 9:38 pm ICT by IANS
Chennai, July 6 (IANS) The public sector Punjab National Bank (PNB) Wednesday said it is planning to invest around Rs.100 crore in its proposed Canadian subsidiary that is awaiting regulatory ... Read more...

Posted in Business |

Va Tech Wabag looks for acquisitions overseas


May 27th, 2011 - 5:02 pm ICT by IANS
Chennai, May 27 (IANS) Chennai-based multi-national company (MNC) Va Tech Wabag Ltd, operating in the water treatment space, has chalked out multi-pronged strategies to make its mark internationally, said a ... Read more...

Posted in Uncategorized |

Court to hear petition against striking Air India pilots


May 2nd, 2011 - 11:55 am ICT by IANS
New Delhi, May 2 (IANS) As the strike by nearly half of Air India's 1,600 pilots entered the sixth day Monday, the Delhi High Court was set to hear a ... Read more...

Posted in Uncategorized |

Indian Airlines is history as ‘IC’ code formally merges with ‘AI’


February 26th, 2011 - 5:36 pm ICT by IANS
New Delhi, Feb 26 (IANS) In the centenary year of the country's civil aviation, Air India is formally emerging as the single entity for domestic and overseas operations with the 'IC' ... Read more...

Posted in Business |

Ruia Group acquires Germany-based Acument GmbH


February 21st, 2011 - 7:58 pm ICT by IANS
Kolkata, Feb 21 (IANS) Extending its global footprint in the auto ancillary segment, the Rs.5,000-crore Ruia Group Monday announced the acquisition of Germany-based Acument GmbH & Co KG, one of the leading ... Read more...

Posted in Business |

Apollo Tyres eyes more revenue from overseas operations


September 28th, 2010 - 10:17 pm ICT by IANS
Kolkata, Sep 28 (IANS) Tyre manufacturer Apollo Tyres is expecting to mop up more revenue from its foreign operations in the next five years, a top official said here Tuesday. "Now our overseas ... Read more...

Posted in Business |

Indian Bank eyes Rs.1.85 lakh crore business this fiscal


September 24th, 2010 - 9:56 pm ICT by IANS
Kolkata, Sep 24 (IANS) Chennai-based Indian Bank is targeting a total business of Rs.1.85 lakh crore in the current fiscal, a top official said here Friday. "We are targeting a total business of ... Read more...

Posted in Business |

Government to check books to let Indigo, SpiceJet fly abroad


March 29th, 2010 - 6:29 pm ICT by IANS
New Delhi, March 29(IANS) Low-cost carriers SpiceJet and IndiGo will have to assure the government of their financial capability and operational preparedness to get the nod to fly abroad, a civil aviation ... Read more...

Posted in Business |

Tata Tea plans expanding overseas distribution


September 1st, 2009 - 2:28 pm ICT by IANS
Kolkata, Sep 1 (IANS) Tea major Tata Tea will be focusing on global distribution expansion in the Middle East, South America, South Africa and the Commonwealth of Independent States including Russia, a ... Read more...

Posted in Business |

East India Hotels plans Rs.250 crore investment (Lead, Changing dateline)


August 20th, 2009 - 9:33 pm ICT by IANS
Kolkata, Aug 20 (IANS) East India Hotels (EIH), the flagship company of hospitality major Oberoi Group, will likely have a capital expenditure of Rs.250 crore till 2011, a top company official said ... Read more...

Posted in Business |

Carborundum Universal to restructure Chinese joint venture


July 31st, 2009 - 9:38 pm ICT by IANS
Chennai, July 31 (IANS) Abrasives and ceramics manufacturer Carborundum Universal (CUMI) is planning to restructure its Chinese operations by hiving off its abrasives business into a new subsidiary. "The Chinese operations ... Read more...

Posted in Business |

Worst is over for Indian economy: SBI chief (Second Lead)


May 9th, 2009 - 10:14 pm ICT by IANS
Kolkata, May 9 (IANS) The worst is over for the Indian economy and credit has again started flowing into key sectors, O.P. Bhatt, chairman of the country's largest lender State Bank ... Read more...

Posted in Business |

SBI net profit up 35.5 percent in 2008-09 (Lead, Changing dateline)


May 9th, 2009 - 9:31 pm ICT by IANS
Kolkata, May 9 (IANS) State Bank of India (SBI), the country's largest lender, has posted a net profit of Rs.9,121 crore for 2008-09 as against Rs.6,729 crore the year before, a ... Read more...

Posted in Business |

UCO Bank posts Rs.558 crore net profit


May 8th, 2009 - 9:47 pm ICT by IANS
Kolkata, May 8 (IANS) City-based public sector bank UCO Bank posted a net profit of Rs.558 crore for the fiscal 2008-09 compared to Rs.412 crore last fiscal, a growth of 35.44 percent, ... Read more...

Posted in Business |

Honeywell sees growth in India despite recession


May 8th, 2009 - 2:56 pm ICT by ANI
Bangalore, May 8 (ANI): Diversified U.S. manufacturer Honeywell International Inc. sees more growth in India on growing demand for its products and services despite a global economic downturn.Talking to reporters here ... Read more...

Posted in Business |

Obama plans tax crackdown on firms setting shop in India


May 5th, 2009 - 10:36 am ICT by IANS
By Arun Kumar Washington, May 5 (IANS) Contending that the current US tax system gives US-based multinationals shipping jobs to places like India an unfair advantage over domestic rivals, President Barack Obama ... Read more...

Posted in Business |

United India Insurance mulls overseas foray


May 4th, 2009 - 9:24 pm ICT by IANS
Chennai, May 4 (IANS) Public sector non-life insurer United India Insurance Co Ltd is planning to launch overseas operations shortly, a top official said here Monday. Announcing the company's performance for fiscal 2008-09, ... Read more...

Posted in Business |

Pakistan could prospect for oil, gas in Libya


May 2nd, 2009 - 6:09 pm ICT by IANS
Islamabad, May 2 (IANS) Pakistan could prospect for oil and gas in Libya as part of its efforts to enhance its reserves, an official accompanying President Asif Ali Zardari on his state ... Read more...

Posted in Business |

India’s largest Interior Design firm Bobby Mukherji & Associates comes to Bangkok


January 9th, 2009 - 3:00 pm ICT by meghna
Bangkok, December 27, 2008: India’s largest Hospitality and Interior Design firm Bobby Mukherji & Associates (BMA) has announced the beginning of their overseas operations, BMA Thailand, in Bangkok today. Spearheaded by principal architect ... Read more...

Posted in Press Release, Uncategorized |

ICICI Bank credit fundamentals sound: Standard & Poor’s


October 13th, 2008 - 3:12 pm ICT by IANS
Singapore/Mumbai, Oct 13 (IANS) Global rating agency Standard and Poor's (S&) Monday said the fundamentals of ICICI Bank continued to be sound even as the country's largest private bank reiterated that it ... Read more...

Posted in Business |

Simplex Infrastructure bags Rs.6.3 bn order in Dubai


September 24th, 2008 - 10:23 pm ICT by IANS
Kolkata, Sep 24 (IANS) Infrastructure solutions provider Simplex Infrastructures Ltd has bagged an order worth Rs.6.3 billion ($137 million) in Dubai to build a tower in the city of Arabia.The company will ... Read more...

Posted in Business |

IFGL net up 121.8%


July 25th, 2008 - 8:59 pm ICT by IANS
Kolkata, July 25 (IANS) Specialised refractories manufacturing major IFGL Refractories Ltd (IFGL) posted a net profit of Rs.106 million in the first quarter of 2008-09, registering a growth of 121.76 percent compared ... Read more...

Posted in Business |

‘ONGC moves to acquire oil company active in Russia’


July 15th, 2008 - 8:11 pm ICT by IANS
New York, July 15 (IANS) Indian public sector petroleum company Oil and Natural Gas Corp (ONGC) has made an approach to acquire Imperial Energy Corp, a London-listed company focussed on Russia, Wall ... Read more...

Posted in Uncategorized |

India on Bahrain telecom operator’s radar


May 13th, 2008 - 5:29 pm ICT by admin
Dubai, May 13 (IANS) India figures prominently in Bahrain telecom operator Batelco's overseas expansion plans. Stating that the Middle East does not hold much scope for the company, Batelco chief executive Peter ... Read more...

Posted in Business |

GM losses $3.3 billion


May 1st, 2008 - 12:53 pm ICT by admin
DPA Detroit, May 1 (DPA) The world's largest automaker General Motors (GM), fighting to keep the title after dropping behind Toyota in the first quarter, has reported first quarter losses of $3.3 billion. ... Read more...

Posted in World |

Shapoorji Pallonji re-enters UAE with $599 mn projects


April 9th, 2008 - 8:48 pm ICT by admin
(Gulf Business Capsule)Dubai, April 9 (IANS) Leading Indian construction company Shapoorji Pallonji International FZE has re-entered the United Arab Emirates (UAE) market, with eight projects worth 2.2 billion dirhams ($599 million) set ... Read more...

Posted in Business |

Bank of Baroda to double its operation in three years


March 7th, 2008 - 7:18 pm ICT by admin
Kolkata, March 7 (IANS) Bank of Baroda, one of India's premier public sector banks, intends to double its business, including overseas operations, in three years. "We are expecting a total business of ... Read more...

Posted in Business |

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