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Post office bank proposal awaits RBI nod


July 9th, 2012 - 7:28 pm ICT by IANS
Chennai, July 9 (IANS) The government is awaiting the Reserve Bank of India's nod on a proposal to spin off the savings account operations of post offices into a bank, ... Read more...

Posted in Business |

Magma to roll out housing finance, gold loan business FY13


April 27th, 2012 - 7:43 pm ICT by IANS
Kolkata, April 27 (IANS) Magma Fincorp will roll out housing finance and gold loan businesses this fiscal. The city-base non-banking finance company is also awaiting the insurance regulator's nod to ... Read more...

Posted in Business |

Malabar Gold group to diversify into retailing of lifestyle products


March 30th, 2012 - 4:51 pm ICT by IANS
Chennai, March 30 (IANS) As a business de-risking and diversification strategy, the Kerala-based $2.4 billion Malabar group with interests in jewellery retailing and real estate development has decided to venture ... Read more...

Posted in Business |

Warren board approves demerger


February 17th, 2012 - 12:33 am ICT by IANS
Kolkata, Feb 16 (IANS) In an apparent bid to settle dispute between two main promoters over the control of Warren Tea Limited, one of the largest producers and exporters of ... Read more...

Posted in Business |

Malabar Gold to expand network


September 26th, 2011 - 10:52 pm ICT by IANS
Chennai, Sep 26 (IANS) Kerala-based jewelery retail chain Malabar Gold hopes to expand its distribution reach to 100 outlets by 2013, a top company official said here Monday."Now the ... Read more...

Posted in Business |

TVS Automobile chalks out aggressive expansion plans


February 23rd, 2011 - 5:52 pm ICT by IANS
Chennai, Feb 23 (IANS) With the Indian car market logging good growth, this city-based automobile services company TVS Automobile Solutions Ltd is aiming to increase the number of MyTVS car garages to ... Read more...

Posted in Business |

Tata Capital to launch subsidiary for infra finance


August 17th, 2010 - 6:16 pm ICT by IANS
Kolkata, Aug 17 (IANS) Tata Capital is planning to launch a subsidiary to provide infrastructure finance by the end of this fiscal by hiving off its infrastructure finance segment, a top company ... Read more...

Posted in Business |

SilkAir adds Chennai on its route map


June 15th, 2010 - 5:14 pm ICT by IANS
Chennai, June 15 (IANS) SilkAir, the regional wing of Singapore Airlines, has launched daily services between Singapore and Chennai, hoping to garner a good share in the passenger traffic between south India ... Read more...

Posted in Business |

Shriram group bets big on construction equipment financing


May 17th, 2010 - 6:38 pm ICT by IANS
Chennai, May 17 (IANS) Betting big on construction equipment financing, city-based business group Shriram is expecting to start operations next month through subsidiary Shriram Equipment Finance Company. "We hope to have an ... Read more...

Posted in Business |

Chinese firm buys Volvo’s car plant for $1.8 bn


March 29th, 2010 - 7:40 am ICT by IANS
Goteborg (Sweden), March 29 (IANS) China's Geely Holding Group has signed a deal worth $1.8 billion with Ford Motor Co. to acquire the US auto giant's Volvo car manufacturing unit in Sweden. Under ... Read more...

Posted in Business |

Rs.50,000 crore rapid rail project to take off soon: Kerala minister


March 6th, 2010 - 5:26 pm ICT by IANS
Thiruvananthapuram, March 6 (IANS) Kerala Finance Minister Thomas Isaac Saturday said the proposed Rs.50,000 crore rapid rail corridor project in the state could become a reality in six years.Isaac told reporters ... Read more...

Posted in Business |

Blackwater agents accused of taking 500 assault rifles meant for Afghan police


February 25th, 2010 - 2:24 pm ICT by ANI
Washington, Feb. 25 (ANI): Agents of America's private security firm, Blackwater, took more than 500 assault rifles that were intended for the Afghan police force and routinely carried weapons without permission, a ... Read more...

Posted in World |

Emami to demerge realty, Zandu Pharma unit


June 19th, 2009 - 10:00 pm ICT by IANS
Mumbai, June 19 (IANS) The boards of Emami and Zandu Pharma have approved hiving off Emami's realty business into a separate firm, and merging Zandu's consumer goods (FMCG) unit with Emami, the ... Read more...

Posted in Business |

Intel may stop rival AMD from making chips


March 17th, 2009 - 1:15 pm ICT by IANS
San Francisco, March 17 (DPA) Intel Corporation has warned rival chip maker AMD (Advanced Micro Devices) that its licence to make personal-computer chips could be revoked because it spun out its manufacturing ... Read more...

Posted in Sci-Tech |

Kerala to set up life science park


February 14th, 2009 - 7:30 pm ICT by IANS
Thiruvananthapuram, Feb 14 (IANS) State-run Kerala State Industrial Development Corp (KSIDC) will set up a state-of-the-art life science park near here, it was announced Saturday.The Rs.3 billion (Rs.300 crore) project would ... Read more...

Posted in Sci-Tech |

IDBI to enter mutual funds business


July 25th, 2008 - 8:42 pm ICT by IANS
Kolkata, July 25 (IANS) The IDBI Bank Ltd is planning to enter the mutual fund business, a top bank official said here Friday. Talking on the sidelines of a Banking Conclave here, ... Read more...

Posted in Business |

Mithun Chakraborty ventures into soccer now


July 23rd, 2008 - 11:28 pm ICT by IANS
Kolkata, July 23 (IANS) Bollywood actor Mithun Chakraborty's Indian Cricket League (ICL) team Royal Bengal Tigers Wednesday signed a five-year sponsorship agreement with Kolkata's first division soccer club Howrah Union. As part ... Read more...

Posted in Sports |

US-based Timken starts new plant near Chennai


April 16th, 2008 - 6:04 pm ICT by admin
Chennai, April 16 (IANS) US-based Timken Company's wholly owned subsidiary Timken India Manufacturing Private Limited plant was inaugurated Wednesday in Mahindra World City Special Economic Zone (SEZ) near Chennai. The $25 million ... Read more...

Posted in Business |

‘Two more years for Air India, Indian integration’


March 27th, 2008 - 9:36 pm ICT by admin
New Delhi, March 27 (IANS) The operational integration of state-run carriers Air India and Indian will take two more years even as more funds will be sought from the government for fleet ... Read more...

Posted in Business |

Pyramid Saimira enters broadcasting arena, Chinese markets


March 22nd, 2008 - 9:28 pm ICT by admin
Mumbai, March 22 (IANS) Pyramid Saimira has finalised two international deals this month including a satellite broadcasting deal with Britain-based Spize TV to make its initial foray into the broadcasting arena and ... Read more...

Posted in Business |

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