Ghai land allotment row: BJP says Deshmukh must quit
April 5th, 2012 - 7:38 pm ICT by IANS
New Delhi, April 5 (IANS) The Bharatiya Janata Party (BJP) Thursday sought union minister Vilasrao Deshmukh's resignation following the Supreme Court's observation that land allotment to filmmaker Subhash Ghai ... Read more...
Posted in Politics |
UBI to raise Rs.3.1 bn via preferential allotment
March 19th, 2012 - 8:44 pm ICT by IANS
Kolkata, March 19 (IANS) Public sector United Bank of India (UBI) Monday said it is expecting to raise Rs.3.1 billion by this month-end issuing equity shares on a preferential basis ... Read more...
Posted in Uncategorized |
Ministerial panel approves investment policy on urea
February 24th, 2012 - 9:46 pm ICT by IANS
New Delhi, Feb 24 (IANS) An Empowered Group of Ministers (EGoM) headed by Finance Minister Pranab Mukherjee Friday approved a new investment policy to boost urea production.At present, India ... Read more...
Posted in Business |
SBI’s third quarter net profit up 15.38 percent
February 13th, 2012 - 6:00 pm ICT by IANS
Mumbai, Feb 13 (IANS) State Bank of India Monday reported a 15.38 percent rise in net profit for the third quarter of the current fiscal at Rs.3,263.04 crore from ... Read more...
Posted in Business |
Sebi raises minimum level for portfolio investments
January 28th, 2012 - 8:39 pm ICT by IANS
New Delhi, Jan 28 (IANS) The Securities and Exchange Board of India (Sebi) Saturday hiked the minimum investment level under portfolio management schemes to Rs.25 lakh from the current level ... Read more...
Posted in Business |
Private equity firm Apollo to invest Rs.2,250 crore in Welspun group firms
June 29th, 2011 - 1:33 pm ICT by IANS
Mumbai, June 29 (IANS) One of the world's leading private equity firms, Apollo Global Management will infuse about Rs.2,250 crore in Welspun Corp Limited (WCL), a leading pipe manufacturer and ... Read more...
Posted in Business |
Bansal faces opposition attack over shop allotment scam (Roundup)
March 14th, 2011 - 9:07 pm ICT by IANS
New Delhi, March 14 (IANS) Parliamentary Affairs Minister Pawan Kumar Bansal Monday faced opposition demand for his resignation over allegations of involvement in a multi-crore-rupee fraud in allotment of ... Read more...
Posted in Politics |
Haryana to reserve 10 percent industrial plots for NRIs
January 10th, 2011 - 12:34 pm ICT by IANS
Chandigarh, Jan 10 (IANS) There's good news for NRIs wanting to invest in Haryana. The state has decided to reserve up to 10 percent of industrial plots or sheds for NRIs and ... Read more...
Posted in Business |
SEBI sets disclosure terms for life insurance companies
October 26th, 2010 - 1:52 pm ICT by ANI
Mumbai, Oct 26 (ANI): The Securities and Exchange Board of India (SEBI) has spelt out disclosure norms for the life insurance companies if they sell shares to the public through Initial Public ... Read more...
Posted in Business |
Ispat enters into tie-up with Stemcor
September 16th, 2010 - 10:29 pm ICT by IANS
Mumbai, Sep 16 (IANS) Steel major Ispat Industries Thursday said it has entered into a Strategic Co-operation Agreement with international steel trader Stemcor Holdings Limited.
The company said that Stemcor will invest upto ... Read more...
Posted in Business |
Sify Technologies to raise $86 million
August 28th, 2010 - 5:28 pm ICT by IANS
Chennai, Aug 28 (IANS) Nasdaq-listed internet company Sify Technologies Ltd Saturday announced it would be raising $86 million (around Rs.400 crore) through preferential shares to a group of investors affiliated to its ... Read more...
Posted in Business |
Titagarh Wagons in talks with Japanese bridge maker
August 27th, 2010 - 5:45 pm ICT by IANS
Kolkata, Aug 27 (IANS) Wagon maker Titagarh Wagons is having talks with a Japanese company to set up a joint venture to build large bridges and flyovers, a top company official said ... Read more...
Posted in Business |
India proposes further stake cut in State Bank
March 8th, 2010 - 5:13 pm ICT by IANS
New Delhi, March 8 (IANS) The government Monday moved a bill seeking parliament's nod to reduce its equity in the State Bank of India (SBI) to 51 percent by allowing the ... Read more...
Posted in Business |
Tech Mahindra gets 43 percent stake in Satyam
July 10th, 2009 - 5:15 pm ICT by IANS
Mumbai, July 10 (IANS) Mahindra Satyam, formerly Satyam Computer Services, Friday said it has allotted 198.6 million shares to Venturebay Consultants, a Tech Mahindra arm.
After this allotment, Tech Mahindra will hold about ... Read more...
Posted in Business |
First 100,000 Nano buyers selected through lucky draw
June 23rd, 2009 - 6:11 pm ICT by IANS
Mumbai, June 23 (IANS) Tata Motors, makers of the much delayed Nano small car, Tuesday said it has completed random selection of the first 100,000 applicants who would buy the ... Read more...
Posted in Business |
Rising Satyam scrip may prompt fresh issue for Tech Mahindra
June 11th, 2009 - 8:31 pm ICT by IANS
New Delhi, June 11 (IANS) The surge in the Satyam Computer Services scrip might prompt the scam-tainted IT major to issue fresh shares to its new owner Tech Mahindra, analysts say.
Tech Mahindra, ... Read more...
Posted in Business |
BOC India to pump in Rs. 10 bn for expansion
May 29th, 2009 - 11:03 pm ICT by IANS
Kolkata, May 29 (IANS) Industrial gas maker BOC India Ltd, a subsidiary of the Linde Group, has no plans to delist its shares from the stock exchange and would inject Rs.10 billion ... Read more...
Posted in Business |
Tech Mahindra announces open offer for Satyam shares
April 22nd, 2009 - 1:26 pm ICT by IANS
Mumbai, April 22 (IANS) After buying 31 percent of scam-tainted Satyam Computer Services, Tech Mahindra Wednesday announced an "open offer" to acquire a further 20 percent stake so that it can get ... Read more...
Posted in Business |
Tech Mahindra deposits funds for Satyam stake buy
April 20th, 2009 - 6:46 pm ICT by IANS
Hyderabad, April 20 (IANS) Tech Mahindra, the IT arm of auto major Mahindra and Mahindra, Monday said it has deposited the amount needed for acquiring a majority stake in the fraud-hit Satyam ... Read more...
Posted in Business |
Distinguished Haryanavi? Come own a plot!
February 17th, 2009 - 3:53 pm ICT by IANS
Chandigarh, Feb 17 (IANS) Being a domicile of Haryana and having achieved distinction in certain areas of public life could help you own a plot - an initiative by the government to ... Read more...
Posted in Uncategorized |
Payments on Ranbaxy open offer concluded: Daiichi Sankyo
October 17th, 2008 - 12:39 pm ICT by IANS
New Delhi, Oct 17 (IANS) Japanese drug maker Daiichi Sankyo Friday said it had made all payments worth Rs.68.186 billion (around $1.5 billion) toward the open offer to buy 20 percent stake ... Read more...
Posted in Uncategorized |
Geojit Financial looks at joint venture in Oman
October 13th, 2008 - 1:54 pm ICT by IANS
Thiruvananthapuram, Oct 13 (IANS) Brokerage house Geojit Financial Services will strengthen its Middle East operations by forming a joint venture in the Sultanate Of Oman, a top official said here.The decision was ... Read more...
Posted in Business |
Qualified institutional placements value down 42 percent
September 25th, 2008 - 5:35 pm ICT by IANS
New Delhi, Sep 25 (IANS) The market value of qualified institutional placements (QIPs) made by 49 Indian companies since the first one in September 2006 to raise $6.58 billion (Rs.263.2 billion) has ... Read more...
Posted in Business |
Daiichi to pay Rs.737 per Ranbaxy share in open offer
August 11th, 2008 - 5:36 pm ICT by IANS
Tokyo, Aug 11 (IANS) Japanese drug major Daiichi Sankyo Company Ltd will pay Rs.737 per share to shareholders of Ranbaxy Laboratories in its open offer beginning Aug 16, the Japanese company said ... Read more...
Posted in World |
Atul Auto to allot preferential shares
May 22nd, 2008 - 7:01 pm ICT by admin
Rajkot, May 22 (IANS) Rajkot-based Atul Auto Ltd, a manufacturer of goods and passenger carriers, has decided to allot half a million equity shares of Rs.10 each at a premium on preferential ... Read more...
Posted in Business |
UTV expands alliance with Walt Disney
February 18th, 2008 - 10:07 pm ICT by admin
Mumbai, Feb 18 (IANS) Hollywood media giant Walt Disney Company is poised to invest Rs.13.14 billion ($330.4 million) in two UTV group firms. An agreement has recently been reached between the two ... Read more...
Posted in Entertainment |