shareholding

Indian banks need to raise Rs.1.75 trillion capital by 2018: RBI


August 4th, 2012 - 5:44 pm ICT by IANS
Hyderabad, Aug 4 (IANS) Reserve Bank of India Governor D. Subbarao Saturday said the Indian banks will have to raise an additional capital of Rs.1.6 trillion to Rs.1.75 trillion ... Read more...

Posted in Business |

Government to sell 10.82 percent stake in SAIL


July 20th, 2012 - 2:56 pm ICT by IANS
New Delhi, July 20 (IANS) The government has decided to sell 10.82 percent stake in the Steel Authority of India Limited (SAIL) through auction, which is estimated to fetch ... Read more...

Posted in Business |

Firms non-compliant with SEBI norms to face action


May 7th, 2012 - 10:32 pm ICT by IANS
Chennai, May 7 (IANS) Capital market regulator Securities and Exchange Board of India (SEBI) Monday warned of action against companies not complying with its norms on public shareholdings even as ... Read more...

Posted in Business |

Assocham for tax sops to promote SEZs


April 22nd, 2012 - 9:50 pm ICT by IANS
Bangalore, April 22 (IANS) Tax exemptions and related benefits were imperative to promote special economic zones (SEZs) across the country as they account for 30 percent of total exports and ... Read more...

Posted in Business |

CBI questions BEML chief in Tatra trucks case (Lead)


April 17th, 2012 - 9:31 pm ICT by IANS
New Delhi, April 17 (IANS) The CBI Tuesday questioned three people, including former Bharat Earth Movers Ltd. (BEML) director V. Mohan, the company's present chief V.R.S. Natarajan and Britain-based Vectra ... Read more...

Posted in Business |

Australian, Chinese airlines start joint venture


March 26th, 2012 - 9:26 am ICT by IANS
Sydney, March 26 (IANS) Australia's Qantas Airline has entered into a joint venture agreement with China Eastern Airlines to launch a low-cost airline in Asia.Jetstar Hong Kong will begin flights ... Read more...

Posted in Business |

‘Government banks lending to key sectors up 19 percent’


March 15th, 2012 - 5:11 pm ICT by IANS
New Delhi, March 15 (IANS) The Economic Survey for 2011-12 tabled by Finance Minister Pranab Mukherjee in parliament Thursday reported an increase of 19 percent in key lending sectors ... Read more...

Posted in Business |

Vedanta merges units to create India’s largest resources firm (Lead)


February 26th, 2012 - 1:09 am ICT by IANS
Mumbai, Feb 25 (IANS) Anil Agarwal-promoted Vedanta Resources Saturday said it will merge its Indian subsidiaries into a single unit this year to create India's largest natural resources firm with ... Read more...

Posted in World |

Vedanta to consolidate subsidiaries into single entity


February 25th, 2012 - 3:53 pm ICT by IANS
Mumbai, Feb 25 (IANS) In a bid to simplify operations and save costs, mining major Vedanta Resources Saturday proposed to consolidate its various subsidiaries into a single group company ... Read more...

Posted in Business |

Bahrain’s Batelco to exit India, to sell stake in STel


February 8th, 2012 - 7:54 pm ICT by IANS
New Delhi, Feb 8 (IANS) The Supreme Court verdict cancelling 122 telecom licences claimed its first casualty as Bahrain-based Batelco Wednesday announced its exit from India, selling its ... Read more...

Posted in Business |

Kannur airport to begin operations in 2015


February 7th, 2012 - 6:39 pm ICT by IANS
Thiruvananthapuram, Feb 7 (IANS) Kerala's fourth international airport at Kannur would begin operations in 2015, K.Babu, the state's minister in charge of the airport, said Tuesday.Babu told reporters here that ... Read more...

Posted in Business |

West Bengal takes steps to revive MAMC


January 31st, 2012 - 6:05 pm ICT by IANS
Kolkata, Jan 31 (IANS) The West Bengal government has urged Bharat Earth Movers Ltd, Damodar Valley Corp and Coal India to sign a shareholders agreement to revive the Mining and ... 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 |

Vedanta buys out Cairn’s India subsidiary


December 8th, 2011 - 8:06 pm ICT by IANS
Mumbai, Dec 8 (IANS) British oil explorer Cairn Energy Thursday said it has completed with Anil Agarwal-promoted Vedanta Group the transaction for the sale of 40 percent of its stake ... Read more...

Posted in Business |

Vedanta meets all conditions for stake buy out: Cairn


December 7th, 2011 - 9:35 pm ICT by IANS
Mumbai, Dec 7 (IANS) Oil explorer Cairn Energy Wednesday said it will go ahead with the sale of 40 percent of its stake in the India subsidiary to Anil Agarwal-promoted ... Read more...

Posted in Business |

Experts demand rules for stake dilution in insurance firms


December 5th, 2011 - 8:22 pm ICT by IANS
Chennai, Dec 5 (IANS) The government should come out with rules such as setting a time frame for dilution of excess stake held by promoters of life insurance companies as ... Read more...

Posted in Business |

RIL calls off acquisition of Bharti AXA


November 25th, 2011 - 8:43 pm ICT by IANS
Mumbai, Nov 25 (IANS) Mukesh Ambani led-Reliance Industries (RIL) Friday said it has called off the proposed acquisition of Bharti Group's 74 percent stake in Bharti AXA insurance companies.Bharti Enterprises, ... Read more...

Posted in Business |

Pranab hopes to meet Rs.40,000 crore disinvestment target


November 18th, 2011 - 8:36 pm ICT by IANS
New Delhi, Nov 18 (IANS) The government has not revised downward the disinvestment target of Rs.40,000 crore for the current fiscal and was hopeful of meeting it, Finance Minister ... Read more...

Posted in Business |

K.P. Singh almost sold his stake in DLF for Rs.26 lakh


November 15th, 2011 - 1:28 pm ICT by IANS
New Delhi, Nov 15 (IANS) Billionaire realtor Kushal Pal Singh almost sold his stake in DLF for a paltry Rs.26 lakh in 1975 due to red tape but decided to ... Read more...

Posted in Life Style |

Small investors entitled for Kannur airport equity


October 17th, 2011 - 3:16 pm ICT by IANS
Thiruvananthapuram, Oct 17 (IANS) Small investors can apply for equity in Kerala's newest international airport at Kannur which will be ready by 2013, a minister said Monday."The board of directors ... Read more...

Posted in Business |

GVK acquires coal, infrastructure projects in Australia


September 17th, 2011 - 12:17 am ICT by IANS
Hyderabad, Sep 16 (IANS) GVK Group, a leading infrastructure developer, Friday announced that it has acquired Hancock coal and infrastructure projects in Australia, one of the largest integrated coal ... Read more...

Posted in Business |

Court urges SEBI, MCX-SX to amicably resolve issues


September 16th, 2011 - 11:56 pm ICT by IANS
Mumbai, Sep 16 (IANS) The Bombay High Court Friday directed the markets regulator, Securities and Exchange Board of India (SEBI) to resolve pending issues with MCX-SX promoters in a business-like ... Read more...

Posted in Uncategorized |

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 |

5 percent equity divestment in BHEL cleared


August 30th, 2011 - 11:23 pm ICT by IANS
New Delhi, Aug 30 (IANS) The Cabinet Committee on Economic Affairs Tuesday approved disinvestment of five percent paid up equity in Bharat Heavy Electricals Limited (BHEL), a public sector ... Read more...

Posted in Business |

RBI proposes new regulations for non-banking finance firms


August 29th, 2011 - 2:46 pm ICT by IANS
Mumbai, Aug 29 (IANS) The Reserve Bank of India (RBI) Monday proposed new regulations for non-banking finance companies (NBFCs) which include seeking prior approval from the central bank for mergers ... Read more...

Posted in Business |

Highlights of new FM radio policy


July 7th, 2011 - 6:59 pm ICT by IANS
Highlights of the new policy on FM radio channels:-- FM radio expected to cover over 300 cities with 839 new channels-- FM channels to be allowed to carry news from ... Read more...

Posted in Uncategorized |

Max India to acquire Warburg Pincus’s stake in Max Healthcare


June 17th, 2011 - 8:47 pm ICT by IANS
New Delhi, June 17 (IANS) The Analjit Singh-promoted Max India Friday said that it has got approval for acquisition of private equity firm Warburg Pincus group's entire shareholding of 16.37 ... Read more...

Posted in Business |

Bharti to exit from financial services joint venture with AXA


June 10th, 2011 - 11:53 pm ICT by IANS
New Delhi, June 10 (IANS) Bharti Enterprises, a subsidiary of Bharti Group, Friday said it had decided to sell its entire stake in the life and general insurance subsidiary France's ... Read more...

Posted in Business |

Court slams 2G co-accused for not producing legal documents


June 10th, 2011 - 9:14 pm ICT by IANS
New Delhi, June 10 (IANS) The Delhi High Court Friday slammed a private firm allegedly involved in the 2G scam for not having complete legal documents related to the dubious ... Read more...

Posted in Uncategorized |

BHEL’s net profit rises 46.52 percent


May 23rd, 2011 - 8:50 pm ICT by IANS
Mumbai, May 23 (IANS) State-owned Bharat Heavy Electricals Ltd (BHEL) Monday said its net profit for the quarter ending March 31 had risen 46.52 percent. It said it planned to ... Read more...

Posted in Business |

Finnair to invest in new cargo airline


April 23rd, 2011 - 9:11 pm ICT by IANS
Helsinki, April 23 (IANS) Nordic carrier Finnair Saturday said it has decided to invest, as a minority shareholder, in a new cargo airline based out of Finland to augment its ... Read more...

Posted in Business |

Goenka’s imprisonment won’t affect operations: DB Realty


April 20th, 2011 - 8:28 pm ICT by IANS
Mumbai, April 20 (IANS) Real estate firm DB Realty said the imprisonment of its managing director Vinod Goenka, whose bail plea in the 2G spectrum case was rejected Wednesday, will ... Read more...

Posted in Uncategorized |

Soccer coach Eriksson ‘duped into managing football minnows


April 19th, 2011 - 5:37 pm ICT by ANI
London, Apr. 19 (ANI): Money-obsessed football chief Sven-Goran Eriksson lost his Midas touch when he was conned by convicted fraudster Russell King, 52, into believing that King had links to the fabulously ... Read more...

Posted in World |

Continental to acquire Modi Rubber’s tyre subsidiary


April 18th, 2011 - 6:28 pm ICT by IANS
New Delhi, April 18 (IANS) International tyre manufacturer Continental Corporation Monday said it has entered into an agreement with Modi Rubber LTD. to acquire its tyre subsidiary."Continental has signed an ... Read more...

Posted in Business |

Continental Group to buy Modi Tyres


April 18th, 2011 - 1:36 pm ICT by IANS
Mumbai, April 18 (IANS) The world's fourth largest tyre company, Germany based Continental Group, has signed an agreement to buy the tyre unit of Modi Rubber."The company has signed agreements ... Read more...

Posted in Business |

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