shareholders

Reliance Capital to pay special dividend of 50 percent


September 10th, 2012 - 6:08 pm ICT by IANS
Mumbai, Sep 10 (IANS) Reliance Capital Monday said it will pay shareholders a special interim dividend of 50 per cent, Rs.5 per equity share of Rs.10 each, in addition to ... Read more...

Posted in Business |

Exploring stake sale in telecom towers arm: Ambani (Lead)


September 4th, 2012 - 7:47 pm ICT by IANS
Mumbai, Sep 4 (IANS) Reliance Communications will consider a stake sale in its telecom towers arm next year as part of a medium-term plan to reduce debt that has topped ... Read more...

Posted in Business |

Exploring stake sale in telecom towers arm: Ambani


September 4th, 2012 - 5:18 pm ICT by IANS
Mumbai, Sep 4 (IANS) Reliance Communications will consider selling a stake in its telecom towers arm as part of a definite medium-term plan to reduce debt that has topped nearly ... Read more...

Posted in Business |

Reliance Capital to consider special dividend: Ambani


September 4th, 2012 - 3:12 pm ICT by IANS
Mumbai, Sep 4 (IANS) To mark 25 years of Reliance Capital, chairman Anil Ambani Tuesday said the board will consider a special dividend Sep 10 even as talks were on ... Read more...

Posted in Business |

Tata to take ‘Himalayan’ water brand to new markets


August 31st, 2012 - 11:55 pm ICT by IANS
Kolkata, Aug 31 (IANS) Tata Global Beverages, a part of the Tata Group, Friday said it is working on increasing the penetration of its 'Himalayan' water brand and aiming to ... Read more...

Posted in Business |

Some day Tata Motors will have plant in Bengal: Ratan Tata


August 31st, 2012 - 3:56 pm ICT by IANS
Kolkata, Aug 31 (IANS) Showing no bitterness over what happened in Singur, Tata Group Chairman Ratan Tata Friday said some day Tata Motors will have a plant somewhere in the ... Read more...

Posted in Business |

JJB Sports Puts Itself Up for Sale


August 30th, 2012 - 9:35 pm ICT by Aishwarya Bhatt
London, Aug 30 (THAINDIAN NEWS) The JJB sports clothing and equipment chain has been struggling to stay afloat in the market for a while now but it seems like it can’t anymore. ... Read more...

Posted in Business |

Tube Investments of India net down Rs.11.59 crore


August 6th, 2012 - 8:17 pm ICT by IANS
Chennai, Aug 6 (IANS) City-based multi-product company Tube Investments Monday announced a Rs.11.59 crore fall in net profit in the first quarter of the current fiscal as against corresponding period ... Read more...

Posted in Business |

Berger Paints to double capacity by 2013-end


August 2nd, 2012 - 5:41 pm ICT by IANS
Kolkata, Aug 2 (IANS) With its greenfield project in Andhra Pradesh to become operational by May next year, Kolkata-based Berger Paints will double its capacity to 42,000 tonnes per month ... Read more...

Posted in Business |

Unitech opposes Uninor’s proposed rights issue


July 25th, 2012 - 10:37 pm ICT by IANS
New Delhi, July 25 (IANS) India-based Unitech has opposed its telecom partner Telenor's proposal to raise Rs.1,200 crore through a rights issue for meeting operational expenses.The company has claimed that ... Read more...

Posted in Business |

Reliance MediaWorks to raise Rs.600 crore through rights issue


July 25th, 2012 - 6:23 pm ICT by IANS
New Delhi, July 25 (IANS) Reliance MediaWorks Ltd, a film and entertainment services wing of the Reliance group, has approved raising an amount of Rs.600 crore by issuing additional shares ... Read more...

Posted in Entertainment |

National Bank of Abu Dhabi’s profits up


July 25th, 2012 - 12:34 am ICT by IANS
Abu Dhabi, July 24 (IANS/WAM) The National Bank of Abu Dhabi's (NBAD) net profits rose by 6.9 percent to 2,087 million dirhams (about $568 million) in the first half of ... Read more...

Posted in Business |

HDFC quarterly net profit rises 18.6 percent


July 11th, 2012 - 9:23 pm ICT by IANS
Mumbai, July 11 (IANS) India's largest mortgage lender HDFC Wednesday reported 18.6 percent net profit at Rs.10,019.10 million for the quarter ended June 30 against Rs.8,445.30 million during the same ... Read more...

Posted in Business |

Dell planning to slash more than $2 billion in costs


June 14th, 2012 - 6:34 pm ICT by Aishwarya Bhatt
Texas, June 14 (THAINDIAN NEWS) The company Dell Inc has announced its plans to cut more than $2 billion costs over the next three years, mainly from the supply chain and sales ... Read more...

Posted in Technology Industry News |

Gujarat NRE Coke approves issuance of 5 crore warrants


May 15th, 2012 - 12:55 am ICT by IANS
Kolkata, May 14 (IANS) Gujarat NRE Coke ltd, the largest independent coke producer in India, Monday said its board has approved the plan to issue five crore warrants to ... Read more...

Posted in Business |

Ukraine may sell state stake in airline


May 5th, 2012 - 7:38 am ICT by IANS
Kiev, May 5 (IANS/RIA Novosti) The Ukrainian government plans to sell its stake in the country's second largest air carrier AeroSvit in 2012-2013, a government agency said.The government has a ... Read more...

Posted in World |

Dunlop board allots shares to convert loan into equity


April 29th, 2012 - 12:00 am ICT by IANS
Kolkata, April 28 (IANS) The board of directors of Dunlop India Saturday allotted five crore equity shares on preferential basis to three loan assignees in order to convert the ailing ... Read more...

Posted in Business |

Mahindra Satyam, Tech Mahindra merger likely in 8-9 months


April 24th, 2012 - 3:33 pm ICT by IANS
Hyderabad, April 24 (IANS) The merger of Mahindra Satyam and Tech Mahindra will take between eight and nine months to complete, said Mahindra Satyam CEO C.P. Gurnani here Tuesday.The ... Read more...

Posted in Sci-Tech |

Indian firm to open new office in Trinidad and Tobago


February 22nd, 2012 - 2:20 pm ICT by IANS
Port of Spain, Feb 22 (IANS) A multi-million-dollar new head office of the New India Assurance will be completed in Trinidad and Tobogo this year, an official from the insurance ... 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 |

J.C. Penney to eliminate thousands of jobs


January 24th, 2012 - 1:08 am ICT by Aishwarya Bhatt
New York, Jan 23 (THAINDIAN NEWS) Retailer JC Penney is all set to eliminate thousands of jobs in an apparent bid to cut costs and bring back the company from the red.According ... Read more...

Posted in Business |

Will unveil the truth, not afraid of anyone, says Ijaz


January 21st, 2012 - 6:46 pm ICT by IANS
New Delhi, Jan 21 (IANS) Pakistani-American businessman Mansoor Ijaz has said that he is not afraid of anyone and would unveil the truth despite receiving threats over his expected testimony ... Read more...

Posted in South Asia |

Yahoo co-founder Jerry Yang steps down (Lead)


January 18th, 2012 - 6:50 am ICT by IANS
San Francisco / London, Jan 19 (IANS) Yahoo's co-founder Jerry Yang stepped down from its board along with all other positions he held in the company, it was announced Tuesday.The ... Read more...

Posted in World |

Court suspends Van Gaal’s appointment at Ajax


December 13th, 2011 - 4:06 pm ICT by IANS
Amsterdam, Dec 13 (IANS) A court in Haarlem temporarily suspended the appointment of Louis Van Gaal as CEO at Ajax Football Club, until the shareholders get a chance to vote ... Read more...

Posted in Uncategorized |

Toshiba Elevator sets up unit in Middle East


November 29th, 2011 - 4:45 pm ICT by IANS
Dubai, Nov 29 (IANS) Toshiba Elevator, a unit of Japanese conglomerate Toshiba Corporation, Tuesday said it has set up a new firm aimed to expand its operation in the Middle ... Read more...

Posted in World |

Enormous responsibility thrust on me: Cyrus Mistry


November 23rd, 2011 - 11:05 pm ICT by IANS
Mumbai, Nov 23 (IANS) Newly-appointed Tata Sons deputy chairman Cyrus P. Mistry, who will succeed group chairman Ratan Tata on his retirement next year, said Wednesday that he was conscious ... Read more...

Posted in Business |

HP to keep PC business


October 28th, 2011 - 12:59 pm ICT by IANS
San Francisco, Oct 28 (IANS) Hewlett-Packard (HP) Thursday announced that it will keep its personal systems group (PSG) and continue to sell personal computers."HP objectively evaluated the strategic, financial ... Read more...

Posted in Business |

India’s quota in IMF to increase to 2.75 percent


October 25th, 2011 - 7:22 pm ICT by IANS
New Delhi, Oct 25 (IANS) India's quota in the International Monetary Fund (IMF) will be increased to 2.75 percent from the current 2.44 percent in view of the changing ... Read more...

Posted in Business |

NTPC pays Rs.3,133 crore dividend for 2010-11


September 30th, 2011 - 5:44 pm ICT by IANS
New Delhi, Sep 30 (IANS) State-run thermal power major NTPC Friday said that it paid a total dividend of Rs.3,133.27 crore (over $630 million) for 2010-11, which amounts to 38 ... Read more...

Posted in Uncategorized |

Kairali TV to expand into Middle East


September 29th, 2011 - 5:45 pm ICT by IANS
Thiruvananthapuram, Sep 29 (IANS) Communist Party of India-Marxist (CPI-M)-backed Kairali TV Thursday said it will launch a new channel in the Middle East.The channel's chairman, superstar Mammootty, made the announcement ... Read more...

Posted in Uncategorized |

Mallya gloats over Kingfisher getting best airline award


September 28th, 2011 - 11:28 pm ICT by IANS
Bangalore, Sept 28 (IANS) Flamboyant business tycoon Vijay Mallya, who is grounding his low-cost airline operations, told his investors Wednesday that his high-profile Kingfisher Airline was declared the "Best Indian ... Read more...

Posted in Business |

Satyam case: CBI seeks time till Sep 30 to present case


September 18th, 2011 - 8:24 pm ICT by IANS
New Delhi, Sep 18 (IANS) The Supreme Court will Monday hear an application filed by the Central Bureau of Investigation seeking time till Sep 30 to present its ... Read more...

Posted in Business |

Pawar denies hiding information of his assets


September 15th, 2011 - 12:15 am ICT by IANS
New Delhi, Sep 14 (IANS) Union Agriculture Minister and Nationalist Congress Party chief Sharad Pawar Wednesday denied hiding any information that he owned shares in Pune-based Panchshil Hotels while ... Read more...

Posted in Uncategorized |

SBI rights issue in 2-3 months: Chairman


September 12th, 2011 - 6:18 pm ICT by IANS
New Delhi, Sep 12 (IANS) The country's largest lender, State Bank of India will raise capital through rights issue in the next two-three months to fund its expansion plans, ... Read more...

Posted in Business |

ONGC to start two petrochemical projects by 2013


August 30th, 2011 - 5:16 pm ICT by IANS
New Delhi, Aug 30 (IANS) State-run Oil and Natural Gas Corporation (ONGC) Tuesday said two of its petrochemical projects will commence operations by 2013.The projects are being developed through joint ... Read more...

Posted in Business |

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