Corporate
The Sensex is swinging between zones owing to alternate bouts of buying and selling. The index is now at 16,878, down 34 points.
The stock soared 22% to touch a high of Rs 120 and finally settled with a gains of 20% at Rs 118. The counter clocked heavy trading volumes of over 4 million shares on the BSE today.
Tata group company Voltas today said its net profit for the year ended March 31, 2009, rose by 21 per cent to Rs 251.40 crore, over the same period last year.
Sensex has opened at 16,926.. - up 14 points. The index has slipped and is now down 27 points at 16,886.
Bajaj Auto, once known for its scooters which revolutionised the two-wheeler market in the country, today said it will exit the segment by the end of the fiscal to focus exclusively on motorcycles.
Pulsar’s new variant, to be unveiled next week, will retain the looks of a big bike, but the engine will be 135 cc.
Prime Minister Manmohan Singh today steered clear of the controversy over awarding Nobel peace prize to US President Barack Obama.
Business Standard / New Delhi October 09, 2009, 0:10 IST
The country"s largest coal producer, Coal India, today said 52 global companies have expressed interest in partnering with it for acquiring mines overseas, especially in Australia, Mozambique and Indonesia.
IL&FS Transportation Networks today said it has qualified for 15 highway projects worth Rs 16,000-crore even as it will start toll collection on the 124-km Beawar-Gomti stretch by June next year.
The Blackstone Group, the global private equity giant, today said that it had pumped in an additional $23 million (around Rs 110 crore) into Allcargo Global Logistics.
The Sensex is quoting at 17,013, higher by 30 points and the Nifty is at 5,076, up 9 points.
The US markets ended on a mixed note. Dow Jones closed at 10,390, higher by one point, Nasdaq ended at 2,189, lower by four points and the S&P shed two points or 0.25% at 1,103.25.
In yet another feather to its cap, the Incredible India campaign bagged the prestigious Grand Prix Award. Tourism Minister Kumari Selja received the award for the Incredible India promotional film in Vienna yesterday.
Vandana Gombar / New Delhi November 26, 2009, 1:00 IST
The ‘Incredible India’ campaign, an initiative by the Indian government to promote tourism, has won the World Travel Award 2009 for being the best campaign of the year.
For promoting a planned and healthy real estate development of colonies and apartments in big cities, Union Housing and Urban Poverty Alleviation Ministry has drafted a bill and invited suggestions from experts.
The National Consumer Commission has held that commercial users cannot move against service providers for any deficiency in service under the Consumer Protection Act.
Falcon Realty today announced its plans to build eco-friendly housing projects at affordable prices starting from Rs 5.5 lakh in various cities of Bihar.
Kalpana Pathak / New Delhi December 01, 2009, 1:30 IST
Business Standard / New Delhi October 21, 2009, 0:13 IST
The echo of India’s controversial Rs 10,000-crore Barak surface-to-air missile deal with Israel is being heard in faraway London. According to a leading London newspaper, “One of the Liberal Democrats’ most generous donors has been accused of accepting tens of millions of pounds in kickbacks from an arms deal between an Israeli company and the Indian Government …” The newspaper quotes Indian sources to say the payments were disguised as ‘business charges’ since India officially prohibits the use of middlemen in defence deals.
Sunil Jain / New Delhi November 17, 2009, 0:41 IST
Domestic air traffic continued its growth momentum in October and witnessed a passenger growth of 25 per cent to 4 million from 3.2 million during the same period last year.
United Breweries (UBL), India"s largest brewery controlled by Indian billionaire Vijay Mallya, has posted a strong 57 per cent increase in net profit to Rs 35.5 crore for the first quarter of current fiscal as against the corresponding period of last fiscal. Net sales at Rs 556.4 crore was up 17 per cent, powered by a 25 per cent growth in strong beer.
Vijay Mallya-owned Kingfisher Airlines owes over Rs 950 crore to state-run oil companies in unpaid jet fuel bills, Petroleum Minister Murli Deora said today.
Falcon Tyres has more than tripled in little over a month, post closure of its open offer. The stock has zoomed significantly from Rs 149 on 10 June to Rs 531 today.
Air India pilots, protesting management"s moves to cut their salaries and allowances, today deferred their strike threat from November 24 by six days, even as the conciliation talks remained inconclusive.
A cartoon in a Delhi newspaper, which allegedly depicted a Victoria policeman as a member of hate group Ku Klux Klan in the wake of attacks on Indians, has sparked an outrage in Australia with acting Prime Minister Julia Gillard condemning it as "deeply offensive".
Asian stocks rose, lifting the MSCI Asia Pacific Index to a two-week high, on speculation the Bank of Japan would enact measures to limit the yen’s gains, and as Chinese manufacturing grew at the fastest pace in five years.
To add punch to IAF’s fleet of Sukhoi, Mig-29, Mirage-2000, Tejas.
Chennai-based TVS Motor today said it might venture into the above-200cc segment in the bikes market as it looked to increase its footprint in the two-wheeler business.
The apex body of state-run firms SCOPE welcomed the Cabinet decision to grant Maharatna status to four CPSUs, saying it will enable them to take major financial decisions quickly and compete globally.
Volkswagen, Europe’s largest car maker, has bought 19.9 per cent stake in Suzuki Motor Corporation, Japan’s third largest carmaker, for $2.5 billion. Of course, Suzuki’s strength is in small cars and Volkswagen’s stated mission is to become the world’s largest car company, ahead of Toyota and General Motors. And that’s not possible unless you have a bevy of small cars in your portfolio. A full takeover would have given Volkswagen annual volumes of 4.4 million cars — way ahead of Toyota’s 3.5 million. At the moment, Volkswagen-Suzuki is merely an alliance.
This is one luxury Bangalore can afford not to have. The city is set to add the highest number of “keys” in the upscale rooms category at a time when demand is not so certain.
Bharti Airtel and Cisco today announced a strategic business alliance to create products and services for the small, medium and large enterprises.
Cisco Systems Inc, the world’s largest maker of networking equipment, agreed to buy Tandberg ASA for 17.2 billion kroner ($2.97 billion), to expand its lineup of video-conferencing products.
In a bid to become a $ 50 million within two years, Elitecore Technologies is mulling to take the inorganic route. The Ahmedabad-based company is looking at a Rs 100 crore acquisition in the US or European markets in the network security segment.
The Government is in the final stage of notifying the fuel efficiency standards for automobile sector in the country which will be enforced from 2011, Environment Minister Jairam Ramesh said today.
Buoyed by optimism, offshoots of economic revival and more stable job market vis-à-vis 2009, the people are loosening their purse strings and splurging on shopping sprees to mark the arrival of 2010.
The area under wheat rose a marginal 2 per cent this year on favourable climatic conditions. Late monsoon left adequate moisture content in the soil that suited the wheat sowing for this rabi season.
The benchmark indices rose for the second straight day today with S&P CNX Nifty closing at a 22-month high of 5,278. Nifty January futures closed at a premium to the spot and added 1.05 million shares in open interest through buy-side trades, indicating fresh long build-up. However, the Nifty remained range-bound after opening at higher levels.
Move appears inevitable to boost localisation content, for cost control.
Auto sales numbers for almost all companies in October 2009, are in. With growth ranging between 15-60 % and teamed with impressive quarterly top line and bottom-line growth, the sector is a poster-child for the domestic growth potential.
The Delhi Development Authority is readying over 5,000 flats in South Delhi for accommodating tourists during the Commonwealth Games 2010.
Indians living abroad are equally eligible for housing loans from banks here but with some riders.
The Supreme Court last week ruled that ‘Skyline’ is not a specific word on which a company can make a trade mark claim, as it has become a ‘generic’ name. In India 117 companies including software firms are using the word as part of their name. In the US there are 10 educational institutions with the same name as the first word. In the UK also there are two such institutions. Therefore, one company could not stake claim to the word in the name of trademark. The court made this ruling while dismissing the appeal case, Skyline Education Institute (India) Ltd vs S L Vaswani. It affirmed the judgement of the Delhi high court in this case, with minor modifications regarding admission of students to one institution. Both were educational institutions operating around the capital and they were litigating over the word ‘Skyline’.
Italian modular kitchen company Cucine Lube today said it plans to strengthen its retail presence in India by opening nine more outlets across the country by 2011.
A committee set up by the Department of Telecommunications (DoT) has recommended a uniform fee of 8.5 per cent of annual gross revenue (AGR) for all licences — which include UASL, international long distance, national long distance and internet service providers, amongst others.
Calls made from the mobile handsets without International Mobile Equipment Identity (IMEI) number are being rejected by the cellular operators from this week, the Rajya Sabha was informed today.
In a significant development, India has banned the import of mobile handsets without International Mobile Equipment Identity (IMEI), a unique identification number.
Bajaj Auto is betting big on its Pulsar bike and plans to ramp up production to 90,000 units per month in the next six months with a sales target of 1 million units per annum by the end of next financial year.
A third strike in nine months loomed large over Hyundai Motor India (HMIL) with a section of workers today saying that they will go ahead with a tools-down agitation if the management or the state labour department do not act positively on their demands.
The country"s exports turned around in November 2009 after falling for 13 months in a row, posting a growth of 18.2 per cent to touch $13.19 billion.
Drug firm Merck today reported a net profit of Rs 11.88 crore for quarter ended on June 30, 2009, a decrease of 34 per cent over the same period last year.
Kerala-based South Indian Bank (SIB) has registered 55.64 per cent growth in net profit at Rs 60.11 crore for the first quarter of the fiscal.
The country"s second-largest car maker Hyundai Motor India today said it would invest $40 million for setting up an R&D centre in India next year.
R Gopalan, a 1976-batch IAS officer, has been appointed as the Financial Services Secretary in the Finance Ministry.
The Insurance Regulatory and Development Authority (Irda) has asked insurance companies to be more cautious while concluding contracts with “high risk customers”, particularly the “proposals of Politically Exposed Persons (PEPs)”.
The government today informed Supreme Court that it was not for declaring the Ambani family settlement "null and void" as prayed earlier and said that its policies on gas pricing were without prejudice to power utility NTPC"s case against Reliance Industries (RIL).
The International Monetary Fund (IMF) wants India to gradually eliminate the norms that make it mandatory for banks and other saving funds to park a portion of their funds in government securities.
The Road Transport and Highways Ministry is set to award 58 projects worth Rs 19,000 crore for building over 7,000 km roads in various states.
Adidas, which launched its premium lifestyle product – Originals — in India two years ago, is still in the process of educating customers about the different story that the collections, represented by the Trefoil logo, has to tell vis-à-vis its regular "performance’ brands. Timo Pape, adidas’ Director Sport Style, Asia Pacific, spoke to Suvi Dogra about the German sports wear company’s strategy to increase the share of Originals to one-fifth of its business in India. Excerpts:
Almost a year after its inception, the Indian Institute of Technology, Gandhinagar (IITGn) has got its own director in Sudhir K Jain. An expert in earthquake engineering, Jain graduated with a BE in civil engineering from IIT Roorkee before he went on to pursue a masters degree, as well as PhD in structural engineering. In an interview with VINAY UMARJI & CHITRA UNNITHAN, Jain talks about his plans of making IITGn “one of the finest institutions in the world”. Edited excerpts:
Finance Minister Pranab Mukherjee today expressed optimism that it would be possible to clock over six per cent growth rate in the current fiscal and said there is no scope for anxiety in pursuing reforms in financial sector and disinvestment.
Higher other income, positive currency movement and enhanced focus on operating discipline aided Patni Computer Systems post net income (India GAAP) of Rs 135.9 crore for the second quarter ended June 30, 2009, an increase of 14 per cent from Rs 119 crore in the corresponding quarter last year.
With the state-owned BSNL’s 93-million-line tender once again the subject of a controversy, it’s but natural to elicit the views of Ericsson’s global president and CEO CARL-HENRIC SVANBERG on this. Svanberg, however, refuses to bite, except to say that the tendering procedures for BSNL have to be so transparent, it is not surprising they take so long. He is more concerned about how telecom can save the world from global warming and how India can transform itself with 3G technologies. Excerpts from an interview with SUNIL JAIN:
Uttar Pradesh has emerged the top producer of mentha oil and peppermint products in the world in the last two years, a major portion of it coming from Kannauj district of the state. Till now, China had remained on the forefront of mentha production in the global market.
Consumer electronics major Philips Electronics India has decided to float an buyback offer of Rs 242 per share, to enable minority shareholders make an exit.
Ajay Modi / November 23, 2009, 1:05 IST
Wipro finally ended at Rs 625, up 1% from the previous close and Infosys settled flat at Rs 2,323.
Ajay Modi / New Delhi September 17, 2009, 0:39 IST
Business Standard / New Delhi September 24, 2009, 0:57 IST
Announce intense agitation against Rs 30,000-cr project
The country"s largest private sugar producer, Bajaj Hindusthan, today said it has raised Rs 723.18 crore through the issue of shares.
Simbhaoli Sugar reported profit of Rs 71.9 crore in the second quarter of financial year 2010. The company has made a loss of Rs 29.1 crore in the corresponding quarter last year.
The stock rose 5.5 per cent to close at an all-time high of Rs 827.60, on reports that the company might launch its qualified institutional placement (QIP) book this week.
The BJP today appointed its senior leader Arun Jaitley as the Leader of the Opposition in the Upper House and Sushma Swaraj Deputy Leader of the Opposition in the Lok Sabha.
The Central Bureau of Investigation (CBI) has accused V K Sibal of colluding with private parties during his term as oil regulator and has sought government permission for a thorough investigation.
Maharashtra is set to get a new government tomorrow as Chief Minister Ashok Chavan and his Deputy Chhagan Bhujbal are expected to take oath of office.
Trinamool Congress, Left blame each other for starting violence
Shree Renuka Sugars has applied to the NCDEX for surrendering its trading membership, which will pave the way for the country"s leading sugar refiner to buy 5 per cent stake in the exchange.
Driving consumption among middle and lower income consumers, collaboration between retailers and suppliers, understanding consumers is the mantra to grow modern retail in the coming days as the sector comes out of slowdown blues, say fast moving consumer companies (FMCG) and organised retail chains.
Home furnishing retail chain Ebony Gautier is planning to invest Rs 100 crore over the next three years to expand its retail business and set up 20 large format speciality outlets across the country.
Oil and Natural Gas Corporation (ONGC) has opposed finance ministry directive of parking its surplus funds with only PSU banks saying it is losing Rs 360 crore of interest revenues annually as state-run banks offer lower interest rates when business is given to them on nomination.
India is back on the radar of global investors even in the midst of the global financial crisis, with 56 per cent year-on-year rise in inflows of foreign direct investment in July this year, an official said.
Companies must have a minimum net worth of Rs 4 crore for raising resources through non-convertible debentures (NCDs) with maturity of less than a year.
Gross non-performing assets up 23% in 12 months.
Stalemate over portfolios between Congress and NCP continues to delay the process of government formation in Maharashtra, more than ten days after the ruling coalition stormed back to power in the Assembly elections.
Trouble in BJP deepened today with Yashwant Sinha quitting as Vice President even as party President Rajnath Singh threatened action against leaders violating party discipline and airing their views in public.
Crisis in Karnataka BJP continued today with dissidents persisting with their demand for the removal of Chief Minister B S Yuddyurappa, who said that the party leadership is evolving a "new formula" to end the stalemate.
The rift between Karnataka chief minister B S Yeddyurappa and his mine-owning ministerial colleagues continued as they stepped up their campaign against a new cess imposed on lorries transporting iron ore. Tourism minister G Janardhana Reddy, himself a mine owner in the ore-rich Bellary district, took the lead in holding parleys with like-minded fellow miners since yesterday to mobilise support against the Rs 1,000 cess on each lorry load of iron ore, sources close to them said here. There are 92 licenced owners of mines in the district and about 40 of them have been carrying on mining.
I am a retired army pensioner and have deposited all my savings in bank fixed deposits. But I am losing a considerable amount on account of TDS, which the bank deducts on the interest payments. Currently, I want to invest Rs 1 lakh in some debt fund with a horizon period of one year. Please suggest some good mutual funds which can yield more income than bank fixed deposits and be tax friendly. Being retired, I cannot go for equity schemes.
BS Reporter / Mumbai July 05, 2009, 0:42 IST
Significant inflows into income plans and liquid funds boosted net assets of domestic mutual funds in July, according to data posted by Securities and Exchange Board of India (Sebi) on its website.
The government has asked the Serious Fraud Investigation Office (SFIO) to discontinue its enquiry into the siphoning of funds by Satyam Computer to avoid duplication of work as the CBI is trailing the funds parked abroad by the IT company.
Business Standard / New Delhi October 13, 2009, 0:04 IST
Companies have turned optimistic about their hiring plans in the year ahead, with as many as 44 per cent employers anticipating new job additions in 2009, a survey by job portal Naukri.com says.
HSBC InvestDirect today said its Singapore-based wholly owned subsidiary IL&FS Investmart Asia Pacific will surrender the capital markets services license granted by the Monetary Authority of Singapore.
ICICI Prudential AMC has emerged as the top earner by providing a return of 8.73 per cent on the EPFO funds, invested by the private fund house during the nine months period ended June 30.
Sanjaya Baru / New Delhi November 4, 2009, 0:58 IST
The government is planning to import up to two million tonnes of rice to augment domestic supply, as production of the foodgrain is projected to decline due to the twin impact of drought and floods. The Centre, which had scrapped import duty on rice last month, may also consider incentivising imports, sources said.
The excise revenue collections in Orissa surged by 32.48 per cent during the first six months of the current fiscal, compared to the same period in the previous fiscal, bringing cheers to the state finance minister, Prafulla Chandra Ghadai, who is struggling to mobilose the required funds to finance the state plan outlay of Rs 9500 crore fixed for 2009-10.
Goldman Sachs Group Inc’s forecast that Brazil, Russia, India and China would eventually eclipse the Group of Seven countries economically has been described as “the biggest market call of the decade.”
Facing a fiscal deficit of 6.8 per cent of Gross Domestic Product for the current financial year, the government is likely to delay for a year or two the National Investment Fund (NIF), a move that will enable it to keep disinvestment proceeds in the Consolidated Fund of India (CFI).
A severe drought has the potential to restrict the country"s economic growth to 5.5 per cent, the Planning Commission has said.
The country managed a reasonable economic growth of 6.1 per cent during the first quarter of the current fiscal despite the global financial crisis impacting manufacturing and certain services like hotels.
Contrarians, depending on their risk appetite, can enter aviation or maritime stocks
Price may be raised to Rs 4,250 per mBtu.
Morgan Stanley India Primary Dealer , which commenced operations early this week, aims to be amongst top five bond houses in terms of market share.
Business Standard / New Delhi December 22, 2009, 0:28 IST
Business Standard / New Delhi December 21, 2009, 0:39 IST
Loan sanction limit of a year from Oct.
Vishal Chhabria / Mumbai December 28, 2009, 0:01 IST
Oil and Natural Gas Corp (ONGC) today lost a bid to acquire a large oilfield in Iraq to a consortium of Chinese, Malaysian and French energy firms.
The Indian rupee today depreciated by 8 paise to 46.28 against the US currency in early trade on expectations of capital outflows by foreign funds.
Drug maker Wockhardt today said its shareholders have approved sale of Mother and Child Care and Nutriuno businesses to Abbott Healthcare for Rs 281.6 crore.
The government today referred to CCEA a proposal of German commercial vehicle maker Daimler to buy out its erstwhile partner Hero Group"s entire 40 per cent stake in a joint venture to produce trucks in India.
Domestic crude oil production in India declined by 1.2 per cent in HI of the current fiscal from the same period a year ago due to fall in output by oil exploration and production major-- ONGC, an economic think-tank said in its report.
The government today requested the Supreme Court Bench adjudicating the gas dispute between Reliance Industries Ltd (RIL) and Reliance Natural Resources Ltd (RNRL) to avoid making any interpretation of the production sharing contract (PSC).
Bank of America has said it will repay $45 billion bailout funds to the US government.
Shareholders will get 4 shares of UltraTech for every 7 shares of Samruddhi
Balbir Singh (50) of village Rampura Phool near Bhatinda is a happy man these days. He is getting queries from buyers for his patch of land, on which he has been growing cotton for over 30 years. He found it less remunerative for the past few years and wanted to relocate to some fertile belt of Punjab from the semi-arid belt of Malwa in the state.
Steel czar Lakshmi N Mittal today said initial installations at the Bhatinda oil refinery is likely to come up in the first half of 2011 and the project is not facing any major hurdles.
Oil marketing companies (OMCs) are increasingly going in for debentures and commercial papers for meeting their short-term credit requirements. The largest petroleum marketer, Indian Oil Corporation, has raised around Rs 5,000 crore and Hindustan Petroleum Corporation has raised Rs 2,000 crore through sale of commercial papers (CPs) over the past two months. Bharat Petroleum Corporation recently raised Rs 1,000 crore through debentures.
As Delhi races against time to complete all unfinished tasks ahead of the 2010 Commonwealth Games, it faces a daunting work of inculcating civic sense among Delhiites, generally known for being rude and inhospitable.
The markets struck positive notes at the beginning of the year with the benchmark indices touching their fresh 22-month highs. The Sensex scaled a high of 17,790, but eventually ended with a marginal gain of 75 points at 17,540 this week. Mid- and small-caps outperformed the benchmark with significant gains of 3.4 per cent and 4 per cent, respectively.
State-run Indian Oil Corporation (IOCL) has proposed to double its investments on its Research and Development in order to develop newer technologies, a top company official said today.
Riding on lower crude oil prices and a reduced under-recovery, Indian Oil Corporation (IOC), the country’s largest oil marketing company, has reported a net profit of Rs 284 crore for the quarter ended September 30, compared to a loss of Rs 7,047 crore in the corresponding quarter last year. Net sales, however, declined 18.7 per cent to Rs 60,392 crore on account of lower prices of petroleum products.
Mining, manufacturing grow in double digits.
After a below par performance in the last two weeks, analysts are predicting another month of volatility for the Indian bourses, despite their firm belief in its long-term potential.
The Securities and Exchange Board of India (Sebi) today gave stock exchanges the freedom to set the expiry day for their equity derivatives contracts. Earlier, the regulator had set the last trading Thursday of every month as the expiry day for derivative contracts.
There is a need to include ethics and morals in the curriculum of engineering and management education, M C Bhandare, the Orissa governor said here at the Fifth Annual Convocation of KIIT University.
As part of strengthening e-governance initiative, Karnataka government today launched the Karnataka State Wide Area Network (KSWAN) that seeks to establish a state information highway connecting its 2300 offices across the state.
The petition filed by Nandini Raju, wife of Satyam Computer Services’ jailed founder, B Ramalinga Raju, seeking the court’s permission for her to bear his medical treatment expenses, has been posted for tomorrow.
The Indian stock markets witnessed a net inflow of Rs 24,800 crore from overseas investors during December quarter in the current financial year.
Resolving the issue of fuel supply guarantee to upcoming gas-based power projects, the petroleum ministry has asked state-run GAIL India to extend "comfort letters" assuring gas supplies so that developers can raise finances.
The government today ordered a safety audit of all oil and gas installations across the country after the massive fire at the Indian Oil Corp"s fuel depot in Jaipur which is raging even five days after breaking out.
Some trends of the decade in popular music, encompassing hits, losses, challenges, rivalries, victories, tv, movies — and himesh reshammiya.
China today started operation on its fastest rail link in the world with a high-speed train connecting the modern cities of Guangzhou and Wuhan at an average speed of 350 kilometres an hour.
The Orissa government plans to woo major players in the food processing industries to promote investment in this sector. They will be contacted for setting up manufacturing base in the state.
Amid criticism from some quarters for the Copenhagen accord on climate change, Prime Minister Manmohan Singh today advocated the need for an “informed and rational” debate on solutions that suit India.
The Satyam Computer accounting scam, slowdown and resultant hiring freeze by many made 2009 a forgettable year for the Indian Information Technology industry.
Business Standard / New Delhi December 20, 2009, 0:28 IST
Saubhadro Chatterji / December 20, 2009, 0:11 IST
Centre might come out with a clear statement on the issue of a unified Andhra Pradesh on Monday or Tuesday, Union Minister for State D Purandeswari today said.
Apple Inc Chief Executive Steve Jobs was paid his customary $1 annual salary in 2009, but Apple"s strength through a rough economic climate returned the value of his personal holdings in the company to pre-meltdown levels.
Subir Roy / New Delhi November 27, 2009, 0:31 IST
Some time in the summer of 1997, LG had thrown a party in Delhi. The Korean chaebol had set up shop in the country and was in a mood to celebrate. It had earlier joined hands with C K Birla but the joint venture fell through even before it could start. Globally, it had gone through a brand makeover from Lucky Goldstar to LG. It was now ready to have a go at India. At the party, K R Kim, the head of LG in India, took a few guests aside and said he knew how to make a nuclear bomb. The nasal voice was little more than a whine. Before anybody could ask how, he called a bearer, mixed whiskey in beer and handed it over to the guests — enjoy the nuclear bomb!
Some of the operators plan to move court.
Barun Roy / New Delhi November 19, 2009, 0:13 IST
Debt sold by Citigroup Inc, Goldman Sachs Group Inc and JPMorgan Chase & Co is among the $450 billion of securities that Moody’s Investors Service said it may downgrade.
GVK Power & Infrastructure, which recently took a 12 per cent stake in Bangalore International Airport Ltd (BIAL), has said it is open to taking a controlling stake in the airport.
India"s total agriculture crop production is expected to record a decline after six years of continuous growth, a leading think-tank has said in its monthly review.
Jamal Mecklai / New Delhi January 8, 2010, 0:00 IST
Renowned European NGOs, including Oxfam and Medecins Sans Frontieres, have thrown their weight behind the Indian generic drug industry, whose products have been seized by authorities in Europe alleging violation of patents.
Tourists will now be able to revisit the country’s colonial past from Kolkata to Varanasi through the 1,280 km cruise on the river Ganga with West Bengal Tourism launching the service from tomorrow.
Mahanadi Coalfields Limited (MCL) has entered into a memorandum of understanding (MoU) with National Informatics Centre Services Incorporated (NICSI) and National Informatics Centre (NIC) of Government of India for providing e-procurement services to MCL on a long term basis.
The rate war in Indian telecom has shifted to short messaging services (SMSes). Reliance Communications today announced a plan under which both pre-paid and post-paid subscribers of its GSM and CDMA services would be charged 1 paisa per SMS, if they paid Rs 11 a month.
Reliance Webstore, the retail arm of Reliance Communications, today said it has forayed into handset distribution and plans to have a network of 10,000 outlets across the country in the next three years.
The transaction values XTO at $51.69 a share, 25 per cent higher than its last closing - MCL decision on coal transport to help land oustees - UBI likely to float IPO by early February - 25 suspended workers reinstated at Dunlop"s Sahaganj unit - Elder gets bolder - Ruia Group acquires 60% stake in Henniges Automotive Grefrath - "Declare oil palm a plantation crop"
City-based Kamineni Hospitals today said it would set up a chain of hospitals across Andhra Pradesh under a Rs 300 crore-expansion plan in the next two to four years.
Philip Healthcare today said it will set up 130 sleep labs in various hospitals and clinics in the country by the end of 2010, besides creating awareness about sleep disorders and the problems related to it.
Contract research services provider, GVK Biosciences today said it has entered into a strategic partnership with US-based Quantitative Solutions (QS) to develop and market clinical trial outcome data base.
Foreign institutional investors (FIIs) were net sellers of Rs 494.66 crore (provisional) today, according to data released by BSE.