Africa to be ‘next centre of growth’ for Bank of Baroda
February 11th, 2012 - 5:27 pm ICT by IANS
Kolkata, Feb 11 (IANS) Public sector lender Bank of Baroda (BoB) is planning to expand its network in Africa for its incremental business growth by opening ten new branches in ... Read more...
Posted in Business |
CEAT to set up tyre plant in Bangladesh
February 9th, 2012 - 12:42 am ICT by IANS
Mumbai, Feb 8 (IANS) Indian tyre major CEAT, an RPG Group company, will set up a Rs.250 crore greenfield tyre manufacturing plant in Bangladesh, a company official said here ... Read more...
Posted in Business |
Fortis buys Singapore diagnostic firm for $50 mn, stock up
February 1st, 2012 - 2:46 pm ICT by IANS
Mumbai, Feb 1 (IANS) Fortis Healthcare said Wednesday it had bought an 85 percent stake in Singapore's Redline-Asia, an outpatient diagnostic chain, for about $50 million (Singapore
$62.9 million).The stock ... Read more...
Posted in Business |
Rural healthcare scam accused shoots self
January 23rd, 2012 - 3:11 pm ICT by IANS
Lucknow, Jan 23 (IANS) An Uttar Pradesh official allegedly linked to the multi-crore rural healthcare scam committed suicide by shooting himself with his licensed revolver Monday, police said.Sunil Kumar Verma, ... Read more...
Posted in Politics |
P&H; Joy to invest $25mn in Bengal mining equipment unit
January 11th, 2012 - 11:41 pm ICT by IANS
Kolkata, Jan 11 (IANS) P&H; Joy Mining Equipment India (P&H; Joy), a fully-owned subsidiary of US-based Joy Global Inc, has decided to set up a manufacturing and servicing facility for ... Read more...
Posted in Business |
M&M; unveils SUV Rexton, to invest in new platform
January 5th, 2012 - 5:58 pm ICT by IANS
New Delhi, Jan 5 (IANS) Mahindra & Mahindra (M&M;) Thursday unveiled a sports utility vehicle -- Rexton -- from the stables of its subsidiary SsangYong and said it will develop ... Read more...
Posted in Business |
China Mobile subsidiary invests $1.5 bn in Pakistan
December 30th, 2011 - 4:50 am ICT by IANS
Islamabad, Dec 30 (IANS) CMPak, a wholly owned subsidiary of China Mobile in Pakistan, has invested $1.5 billion in the country over the past four years, the company said ... Read more...
Posted in South Asia |
GMR completes Singapore arm stake sale to PETRONAS
December 29th, 2011 - 5:55 pm ICT by IANS
New Delhi, Dec 29 (IANS) PETRONAS Power, a subsidiary of Malaysian oil firm PETRONAS, has paid SG$50 million ($38.4 million) for 30 percent stake in GMR Energy (Singapore), a subsidiary ... Read more...
Posted in Business |
Samsung to acquire Sony stake in LCD joint venture
December 26th, 2011 - 7:38 pm ICT by IANS
New Delhi, Dec 26 (IANS) South Korean Samsung Electronics will buy Japanese Sony Corporation's stake in their joint liquid crystal display (LCD) venture for 1.08 trillion won ($939 million).The two ... Read more...
Posted in Business |
GVK Power denies pact with Changi Airport
December 26th, 2011 - 4:34 pm ICT by IANS
New Delhi, Dec 26 (IANS) GVK Power Monday denied that it has entered into any agreement with Singapore's Changi Airport to sell a stake in its airport business."The company, in ... Read more...
Posted in Business |
Polaris plans to launch electric cars in India
December 24th, 2011 - 12:14 am ICT by IANS
Kolkata, Dec 23 (IANS) Polaris India, the multi-terrain vehicles major, plans to launch electric cars in the country after solving issues like infrastructure.The company, a wholly-owned subsidiary of Polaris Industries ... Read more...
Posted in Business |
China’s e-commerce giant hives off reward points service
December 20th, 2011 - 5:16 pm ICT by IANS
Beijing, Dec 20 (IANS) Alipay, China's leading third-party online payment platform and a subsidiary of the Alibaba Group, has spinned off its reward points service as a wholly-owned subsidiary to ... Read more...
Posted in Sci-Tech |
Mumbai mall to host boxing match Friday
December 8th, 2011 - 6:13 pm ICT by IANS
Mumbai, Dec 8 (IANS) An international boxing match is scheduled to be held at a Mumbai mall Friday, an organiser said.Inorbit Mall in the Malad area of northwest Mumbai would ... Read more...
Posted in Sports |
iGate proposes to de-list Patni Computer Systems
November 16th, 2011 - 8:58 pm ICT by IANS
Mumbai, Nov 16 (IANS) Software major iGate Wednesday moved to de-list its subsidiary Patni Computer Systems from the Indian stock markets and said it will offer public shareholders a minimum ... Read more...
Posted in Business |
Tata Motors Q2 consolidated net profit down 15.55 percent
November 14th, 2011 - 7:54 pm ICT by IANS
Mumbai, Nov 14 (IANS) Indian automobile giant Tata Motors Monday reported a 15.55 percent decline in the consolidated net profit, at Rs.1,877 crore, for the quarter ended Sep 30 as ... Read more...
Posted in Business |
L&T; Oman bags orders worth Rs.875 crore
November 3rd, 2011 - 3:14 pm ICT by IANS
Mumbai, Nov 3 (IANS) Diversified conglomerate Larsen and Toubro (L&T;) Thursday said it had bagged two road construction projects worth Rs.875 crore through its subsidiary in Oman."The orders are for ... Read more...
Posted in Business |
Central Coalfields loses heavily due to strike
October 10th, 2011 - 7:38 pm ICT by IANS
Ranchi, Oct 10 (IANS) Central Coalfields Limited (CCL), a subsidiary of Coal India Limited (CIL), suffered production loss of around 60,000 tonnes Monday due to a strike by the employees ... Read more...
Posted in Business |
China to build dam in Mauritius
October 10th, 2011 - 4:56 pm ICT by IANS
Beijing, Oct 10 (IANS) The China Three Gorges Corp. (CTGPC), the operator of China's largest water control programme, has signed a contract with the Mauritian government to build a water ... Read more...
Posted in World |
Strike hits Coal India mines in Orissa
October 10th, 2011 - 3:33 pm ICT by IANS
Bhubaneswar, Oct 10 (IANS) The operations of state-owned Coal India Limited (CIL) in Orissa were hit Monday by a one-day strike called by its major workers' unions, an official ... Read more...
Posted in Business |
Sri lanka finds first gas field off Mannar
October 3rd, 2011 - 4:14 pm ICT by IANS
Colombo, Oct 3 (IANS) Cairn India has discovered Sri Lanka's first gas field off its northwestern coast in the Sea of Mannar, Xinhua reported.President Mahinda Rajapaksa announced the discovery at ... Read more...
Posted in Business |
Sri Lanka says gas field found in northwestern sea
October 3rd, 2011 - 1:06 am ICT by IANS
Colomo, Oct 2 (IANS) Sri Lanka announced Sunday that explorers had found a gas field in the northwestern sea of the country.President Mahinda Rajapaksa made the announcement at a public ... Read more...
Posted in World |
Dabur to set up plant in Sri Lanka
September 27th, 2011 - 8:23 pm ICT by IANS
New Delhi, Sep 27 (IANS) Dabur India Tuesday said it was setting up a Sri Lankan subsidiary, Dabur Lanka Pvt Ltd, and will invest $15 million (Rs.70 crore) there.Dabur Lanka ... Read more...
Posted in Business |
Hope to sell telecom towers arm soon: Ambani
September 27th, 2011 - 5:30 pm ICT by IANS
Mumbai, Sep 27 (IANS) Reliance Communications is in advanced stages of talks to sell its stake in its towers infrastructure subsidiary, while the promoters want to raise their holding in ... Read more...
Posted in Business |
Coal India eyes further acquisition in Mozambique
September 20th, 2011 - 10:50 pm ICT by IANS
Kolkata, Sep 20 (IANS) State-run Coal India Ltd. (CIL) is eyeing further acquisitions in Mozambique, an official said Tuesday."Initiatives have been taken to operationalise Coal India Africana Limitada (CIAL) to ... Read more...
Posted in Health |
China to build satellite for Belarus
September 20th, 2011 - 12:18 pm ICT by IANS
Beijing, Sep 20 (IANS) China will build and launch a communications satellite for Belarus, following signing of a contract between the two countries in Minsk, China Daily reported Tuesday.According to ... Read more...
Posted in World |
Bank working with NSE to set up SME exchange
September 16th, 2011 - 12:30 pm ICT by IANS
Kolkata, Sep 16 (IANS) The Small Industries Development Bank of India (SIDBI) is working with the National Stock Exchange (NSE) to set up a separate exchange for small and medium ... 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 |
ITC Infotech to set up shop in Technopark
August 26th, 2011 - 2:30 pm ICT by IANS
Thiruvananthapuram, Aug 26 (IANS) ITC Infotech, a fully-owned subsidiary of $7 billion ITC Limited, will be setting up shop at the plush Technopark campus near here, an official said."The decision ... Read more...
Posted in Sci-Tech |
GVK to buy Siemens’ Bangalore airport stake
August 22nd, 2011 - 9:42 pm ICT by IANS
Mumbai, Aug 22 (IANS) GVK Power and Infrastructure Monday said that it will buy Siemens' 14 percent stake in Bangalore International Airport Limited (BIAL).The deal has been struck at Rs. ... Read more...
Posted in Business |
HeroITES expands Scotland operations
August 22nd, 2011 - 9:07 pm ICT by IANS
New Delhi, Aug 22 (IANS) India-based business process outsourcing (BPO) firm HeroITES Monday said its Scottish subsidiary has created a new 110-seat facility near Glasgow.The subsidiary, HEROtsc, opened the unit ... Read more...
Posted in Business |
IRCTC asked to maintain status quo on joint venture
August 17th, 2011 - 3:04 pm ICT by IANS
New Delhi, Aug 17 (IANS) The Delhi High Court has asked the government-run Indian Railway Catering and Tourism Corporation (IRCTC) to maintain status quo in its joint venture with Cox ... Read more...
Posted in Business |
Cairn India starts oil exploration in Sri Lanka
August 6th, 2011 - 9:22 pm ICT by IANS
Colombo, Aug 6 (IANS) Cairn India Saturday began exploring for oil in Sri Lanka's northwestern Mannar basin, which is believed to hold over one billion barrels of oil.Economic Development Minister ... Read more...
Posted in Business |
Mamata flags off Kolkata-Singapore flight
August 1st, 2011 - 8:26 pm ICT by IANS
Kolkata, Aug 1 (IANS) West Bengal Chief Minister Mamata Banerjee Monday inaugurated the Singapore Airlines' subsidiary Silk Air's four day a week service connecting Kolkata with Singapore. She said ... Read more...
Posted in Business |
Dozen unreleased songs of Amy Winehouse could be released soon
July 28th, 2011 - 10:10 pm ICT by Aishwarya Bhatt
London, July 28 (THAINDIAN NEWS) There are reports that a dozen of Amy Winehouse’s unreleased songs could be released soon. The news was confirmed by a spokesperson for Universal. It ought to ... Read more...
Posted in Entertainment |
MRPL posts six-fold increase in profit
July 26th, 2011 - 9:36 pm ICT by IANS
New Delhi, July 26 (IANS) Mangalore Refinery and Petrochemicals Ltd (MRPL), a subsidiary of Oil and Natural Gas Corp (ONGC), Tuesday posted a six-fold increase in net profit at Rs.172.7 ... Read more...
Posted in Uncategorized |
