share capital

General insurers, with value twice of equity base, can tap public: IRDA


September 19th, 2012 - 1:06 am ICT by IANS
Chennai, Sep 18 (IANS) Ten years in business with an embedded value of at least twice the paid capital and maintaining a solvency margin are some of the terms that ... Read more...

Posted in Business |

Dhunseri acquires tea estates in Africa


July 28th, 2012 - 7:38 pm ICT by IANS
Kolkata, July 28 (IANS) Kolkata-based Dhunseri Petrochem & Tea Limited (DPTL) has acquired tea estates in the southeastern African country of Malawi, the company said in a regulatory filing.The company ... Read more...

Posted in Business |

European companies make a bee line for Kannur airport


June 25th, 2012 - 5:30 pm ICT by IANS
Thiruvananthapuram, June 25 (IANS) European companies are making a bee line to get contracts for the proposed Rs.1,400 crore Kannur International Airport in Kerala where work is about to commence, ... Read more...

Posted in Business |

Deal signed for first Chinese investment in Kerala


June 14th, 2012 - 5:59 pm ICT by IANS
Thiruvananthapuram, June 14 (IANS) Signalling the first Chinese investments in Kerala, Kottayam-based rubber products manufacturer TJP Group has signed a memorandum of understanding (MoU) with Jingdong Rubber Company for two ... Read more...

Posted in Business |

BPCL to take 21 percent stake in Kannur airport


May 4th, 2012 - 7:23 pm ICT by IANS
Thiruvananthapuram, May 4 (IANS) Bharat Petroleum Corporation Limited (BPCL), a public sector oil marketing company, will take 21 percent stake in the proposed airport in Kannur in north Kerala for ... Read more...

Posted in Uncategorized |

Cash-rich Piramal picks up another 5.5 percent in Vodafone


February 4th, 2012 - 5:38 pm ICT by IANS
New Delhi, Feb 4 (IANS) Piramal Healthcare Saturday announced it would buy a 5.5 percent stake in Vodafone India for Rs.3,007 crore ($618 million), taking the total stake of the ... Read more...

Posted in Uncategorized |

Nothing colourable in takeover, Vodafone tells apex court (Lead)


August 3rd, 2011 - 11:29 pm ICT by IANS
New Delhi, Aug 3 (IANS) The Supreme Court Wednesday was told that there was nothing colourable in telecom giant Vodafone's transaction with Hutchinson International Ltd. for acquiring its Indian arm ... Read more...

Posted in Business |

Arsenal’s new boss Kroenke pledges success for Gunners


April 12th, 2011 - 8:29 am ICT by ANI
London, Apr. 12 (ANI): US billionaire Stan Kroenke has vowed to bring success to Arsenal after sealing a controlling stake at the Emirates with a 450 million dollar swoop.According to ... Read more...

Posted in Sports |

FDI limit in insurance sector to be raised


February 28th, 2011 - 1:39 pm ICT by IANS
New Delhi, Feb 28 (IANS) Continuing the financial sector reforms initiated in 1990, the government Monday announced the introduction of a series of legislations that would increase the foreign direct investment ... Read more...

Posted in Business |

Citigroup acquires EMI and reduces debt by 65 percent


February 2nd, 2011 - 2:37 am ICT by BNO News
NEW YORK (BNO NEWS) -- Citgroup, the international financial conglomerate, on Tuesday acquired EMI Group Ltd and reduced the music company's debt by 65 percent.Citigroup acquired 100 percent of EMI's share capital. ... Read more...

Posted in Business |

M&M to buy 5.5 percent of BT’s stake in Tech Mahindra


November 26th, 2010 - 5:35 pm ICT by IANS
Mumbai, Nov 26 (IANS) Diversified conglomerate Mahindra & Mahindra (M&M) Friday said it has agreed to buy a 5.5 percent stake of its partner BT Group Plc in its IT arm Tech ... Read more...

Posted in Business |

Kin of firm’s dead employee ineligible for share allocation: Court


October 7th, 2010 - 8:23 pm ICT by IANS
Gandhinagar, Oct 7 (IANS) The Gujarat High Court has dismissed a petition filed by the family members of an employee of a company seeking allotment of shares that she was entitled to ... Read more...

Posted in Business |

Spanish Accelya takes control of Kale Consultants for $21 mn


September 10th, 2010 - 3:09 pm ICT by IANS
Mumbai, Sep 10 (IANS) Leading technology solutions provider to the global airline, logistics and travel (ALT) industry, Kale Consultants Friday said its promoters have sold their controlling stakes in the company ... Read more...

Posted in Business |

Share capital of Minority Development Corporation increased


July 8th, 2010 - 4:24 pm ICT by ANI
New Delhi, July 8 (ANI): The Union Cabinet today accorded approval for increasing the authorized share capital of National Minorities Development Finance Corporation (NMDFC) from Rs.1,000 crore to Rs.1,500 crore.The share of ... Read more...

Posted in National |

GMR reveals ownership stakes in Delhi Daredevils


April 20th, 2010 - 10:26 pm ICT by IANS
New Delhi, April 20 (IANS) With the ownership patterns of Indian Premier League (IPL) franchises coming under government scrutiny, GMR Holdings Private Limited Tuesday became the second franchise after Deccan Chronicle to ... Read more...

Posted in Sports |

EIL pays highest so far dividend


April 6th, 2010 - 8:01 pm ICT by IANS
New Delhi, April 6 (IANS) Design and engineering consultancy firm Engineers India Limited announced Tuesday it has paid a dividend of Rs.507.65 crore - the highest so far by the public sector ... 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 |

Court stays work on proposed Islamic bank in Kerala


January 5th, 2010 - 5:52 pm ICT by IANS
Kochi, Jan 5 (IANS) A division bench of the Kerala High Court Tuesday stayed all further move by the state-owned Kerala State Industrial Development Corp (KSIDC) to set up an Islamic bank. The ... Read more...

Posted in Business |

Punjab National Bank sells stake in subsidiary


December 9th, 2009 - 6:19 pm ICT by IANS
Mumbai, Dec 9 (IANS) State-owned Punjab National Bank Wednesday said it will sell 26 percent stake in its home loan arm PNB Housing Finance to Destimoney Enterprises, previously called Dawnay Day. Dawnay Day ... Read more...

Posted in Business |

PVR acquires DT Cinemas


November 13th, 2009 - 10:47 pm ICT by IANS
New Delhi, Nov 13 (IANS) Multiplex chain PVR Ltd Friday said it has acquired the cinema business of DT Cinemas, a subsidiary of DLF Group, in a cash-cum-stock deal. According ... Read more...

Posted in Business |

Foreign investment proposals worth Rs.1,361 crore cleared


October 22nd, 2009 - 9:23 pm ICT by IANS
New Delhi, Oct 22 (IANS) The government has approved 26 foreign investment proposals worth Rs.1,361 crore, it said here Thursday. "Based on the recommendations of the Foreign Investment Promotion Board (FIPB) in its ... Read more...

Posted in Business |

Bharti stock down 3.28 percent as MTN deal gets costlier (Lead)


September 22nd, 2009 - 5:33 pm ICT by IANS
Mumbai, Sep 22 (IANS) The scrip of telecom major Bharti Airtel fell 3.28 percent on the Bombay Stock Exchange (BSE) at end of trade Tuesday following reports that the company may have ... Read more...

Posted in Business |

Bharti stock down 3 percent as MTN deal gets costlier


September 22nd, 2009 - 3:35 pm ICT by IANS
Mumbai, Sep 22 (IANS) The scrip of telecom major Bharti Airtel fell about 3 percent on the Bombay Stock Exchange (BSE) on reports that the company may have to further sweeten its ... Read more...

Posted in Business |

Communications ministry not involved in Bharti-MTN deal: Raja


September 22nd, 2009 - 3:04 pm ICT by IANS
New Delhi, Sep 22 (IANS) Communications and IT Minister A. Raja Tuesday said the proposed $23-billion deal between telecom majors Bharti Airtel and South Africa's MTN was not under his ministry's ambit. ... Read more...

Posted in Business |

Kerala to set up Islamic bank shortly


September 9th, 2009 - 3:41 pm ICT by IANS
Thiruvananthapuram, Sep 9 (IANS) The Kerala government will set up an Islamic bank in the state, Finance Minister Thomas Isaac told the assembly Wednesday. The share capital of the proposed bank has been ... Read more...

Posted in Business |

Kashmir’s ailing industrial body cries for help


August 30th, 2009 - 3:29 pm ICT by IANS
By Sarwar Kashani Srinagar, Aug 30 (IANS) Finding it hard to even pay wages to its over 1,700 employees, Jammu and Kashmir Industries, an umbrella organisation for state government-run firms, may sell assets ... Read more...

Posted in Business |

Bharti, South Africa’s MTN extend pact talks (Lead)


August 20th, 2009 - 6:48 pm ICT by IANS
New Delhi, Aug 20 (IANS) Bharti Airtel and South Africa's MTN Thursday said they were extending their talks for a proposed $23-billion financial alliance till Sep 30, with no final pact in ... Read more...

Posted in Business |

Bharti, South Africa’s MTN extend pact talks to Sep 30


August 20th, 2009 - 2:37 pm ICT by IANS
Mumbai, Aug 20 (IANS) Bharti Airtel and South Africa's MTN Thursday said they were extending their talks for a proposed $23-billion financial alliance till Sep 30, with no final pact in sight ... Read more...

Posted in Business |

233 state-run firms found violating Companies Act: Minister


July 30th, 2009 - 7:02 pm ICT by IANS
New Delhi, July 30 (IANS) The government Thursday said 233 state-run firms had violated the Companies Act by not appointing a whole-time company secretary. "Every company having a paid-up share capital of Rs.5 ... Read more...

Posted in Business |

New telecom players cannot sell stake for three years


July 23rd, 2009 - 9:10 pm ICT by IANS
New Delhi, July 23 (IANS) The government Thursday said new entrants in the telecom sector cannot sell the promoters' equity within three years of getting the licence. "There shall be a lock-in period ... Read more...

Posted in Business |

Tamil Nadu government setting up cable TV infrastructure


July 13th, 2009 - 9:43 pm ICT by IANS
Chennai, July 13 (IANS) The Tamil Nadu government Monday said Arasu Cable Corp, the multi-system operator (MSO) that it has promoted, has begun setting up cable television infrastructure in the districts. According ... Read more...

Posted in Business |

Regulator exempts MTN from open offer for Airtel shares


July 7th, 2009 - 7:43 pm ICT by IANS
New Delhi, July 7 (IANS) The market regulator has permitted telecom major Bharti Airtel and South Africa's MTN to go ahead with their proposal to buy each other's shares in a $25 ... Read more...

Posted in Business |

Caution sets in over proposed Bharti, MTN telecom pact (Lead)


May 27th, 2009 - 5:27 pm ICT by IANS
By Fakir Hassen Johannesburg, May 27 (IANS) After the initial enthusiasm over the $23-billion telecom deal proposed by India's Bharti Airtel and South Africa's MTN, analysts have turned cautious, even fearing if the ... Read more...

Posted in Business |

Euphoria over MTN-Bharti transaction wanes in South Africa


May 27th, 2009 - 3:36 pm ICT by IANS
By Fakir Hassen Johannesburg, May 27 (IANS) Analysts here, who were initially enthusiastic over the transaction between mobile phone giants Bharti Airtel of India and South Africa's MTN, have turned cautious after share ... Read more...

Posted in Business |

South African firm wants ties with Cipla India to continue


May 5th, 2009 - 8:27 pm ICT by IANS
By Fakir Hassen Johannesburg, May 5 (IANS) South African generic drug manufacturer Cipla Medpro Monday said its relationship with Mumbai-based pharmaceutical major Cipla India was in shareholders' interest, which would be hurt if ... Read more...

Posted in Business |

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