Tulip Telecom in debt recast talks

Tulip Telecom Ltd, which defaulted on a USD 140 million convertible bond redemption in August, said on Monday it is in talks with lenders to restructure its long-term debt.Tulip, which designs and manages communication networks of large enterprises,...

23.25 | 0 komentar | Read More

Tecpro gets Rs 95-cr order from South Korean firm

Tecpro Systems said it has bagged a Rs 95-crore order from South Korea's SK Engineering and Construction (SKEC) for supply of the entire coal and fly ash handling systems for a power plant it is building in the US. "Tecpro Systems has received an international...

23.25 | 0 komentar | Read More

Govt offers 17 coal blocks to PSUs, invites proposals

Initiating the process of allocation of coal mines, the government today invited proposals from PSUs for alloting 17 blocks to them, mostly for captive power plants."It has been decided to offer 17 coal blocks (14 coal blocks for end use i.e. for power...

23.25 | 0 komentar | Read More

LIC trims stake in Tata Global Beverages to 7.63 percent

State-run Life Insurance Corporation (LIC) has reduced its stake in Tata Global Beverages Ltd to little over 7 percent by offloading shares over a period of four months.LIC sold over 1.28 crore shares, representing around 2.08 percent stake, in the Tata...

23.25 | 0 komentar | Read More

Morgan Stanley buys 67 lakh scrips of Jindal Saw

Foreign fund house Morgan Stanley Asia (Singapore) today picked up over 67 lakh shares of the pipe maker Jindal Saw for about Rs 85 crore.According to bulk deal data available with the stock exchanges, Morgan Stanley Asia (Singapore) Pte bought 67.42...

23.25 | 0 komentar | Read More

IOB to raise funds through rights issue

State-owned Indian Overseas Bank (IOB) said the board has approved raising of funds through a rights issue. The board of the bank at its meeting held on December 29, approved a rights issue of 20 crore equity shares of face value of Rs 10 each at a premium...

23.25 | 0 komentar | Read More

Apple to drop patent claims against new Samsung phone

Sat, Dec 29, 2012 at 09:04 Apple Inc has agreed to withdraw patent claims against a new Samsung phone with a high-end display after Samsung said it was not offering to sell the product in the crucial US market. ...

23.25 | 0 komentar | Read More

Union Bank raises Rs 800 cr through tier-II bonds

Union Bank today said it has raised Rs 800 crore through issuance of lower tier-II bonds. "We have raised additional capital to the extent of Rs 800 crore by issue of unsecured redeemable non-convertible subordinated lower tier II Bonds," the bank said...

23.25 | 0 komentar | Read More

Ratan Tata hangs his boots, Cyrus Mistry takes over

Corporate icon Ratan Tata on Friday retired as chairman of Tata Group after a 50-year run predicting that India's growth will reestablish after the 'passing phase' of a difficult environment, which will most likely continue in the next year.Turning 75...

23.25 | 0 komentar | Read More

Mid-tier IT firms outperform big boys in 2012

Moneycontrol BureauThe global economic downturn weighed on the Indian IT industry in 2012, a year, which saw old leaders slump, even as several smaller rivals thrived. Tata Consultancy Services cemented its position as the top software services...

23.25 | 0 komentar | Read More

Cyrus Mistry to formally take charge on Monday

Cyrus Mistry, the new chairman of the Tata Group, will formally take charge of his office on Monday, company sources said. Mistry, who was appointed chairman to succeed Ratan Tata, is the sixth chairman of the Tata empire. The Group was founded as a...

23.25 | 0 komentar | Read More

Tap local tech knowhow to lead in auto, gadget biz: Hitachi

Welcome to The Forbes India Show on CNBC-TV18.  In this episode, meet Hiroaki Nakanishi, CEO, Hitachi who has been credited for the turning the Japanese company into a global technological giant.Below is an edited transcript of the show on CNBC-TV18....

23.25 | 0 komentar | Read More

Apple to drop patent claims against new Samsung phone

Sat, Dec 29, 2012 at 09:04 Apple Inc has agreed to withdraw patent claims against a new Samsung phone with a high-end display after Samsung said it was not offering to sell the product in the crucial US market. ...

23.25 | 0 komentar | Read More

Union Bank raises Rs 800 cr through tier-II bonds

Union Bank today said it has raised Rs 800 crore through issuance of lower tier-II bonds. "We have raised additional capital to the extent of Rs 800 crore by issue of unsecured redeemable non-convertible subordinated lower tier II Bonds," the bank said...

23.25 | 0 komentar | Read More

Ratan Tata hangs his boots, Cyrus Mistry takes over

Corporate icon Ratan Tata on Friday retired as chairman of Tata Group after a 50-year run predicting that India's growth will reestablish after the 'passing phase' of a difficult environment, which will most likely continue in the next year.Turning 75...

23.25 | 0 komentar | Read More

Mid-tier IT firms outperform big boys in 2012

Moneycontrol BureauThe global economic downturn weighed on the Indian IT industry in 2012, a year, which saw old leaders slump, even as several smaller rivals thrived. Tata Consultancy Services cemented its position as the top software services...

23.25 | 0 komentar | Read More

Cyrus Mistry to formally take charge on Monday

Cyrus Mistry, the new chairman of the Tata Group, will formally take charge of his office on Monday, company sources said. Mistry, who was appointed chairman to succeed Ratan Tata, is the sixth chairman of the Tata empire. The Group was founded as a...

23.25 | 0 komentar | Read More

Tap local tech knowhow to lead in auto, gadget biz: Hitachi

Welcome to The Forbes India Show on CNBC-TV18.  In this episode, meet Hiroaki Nakanishi, CEO, Hitachi who has been credited for the turning the Japanese company into a global technological giant.Below is an edited transcript of the show on CNBC-TV18....

23.25 | 0 komentar | Read More

RBI warns banks of pressure on profitability

The profitability of banks is likely to come under pressure in the coming quarters in view of deteriorating asset-quality of banks mainly on account of the economic slowdown, the RBI said in a report."With the growth rate in GNPAs (gross non-performing...

23.25 | 0 komentar | Read More

Uttam Galva Group confident of turning Lloyds Steel around

Uttam Galva Group , which recently acquired a majority stake in the ailing Lloyds Steel, on Friday said that it would turn around the fortunes of the acquired company and planned doubling of the operating profit in about a year."We are confident of turning...

23.25 | 0 komentar | Read More

Ratan Tata bids adieu

Corporate icon Ratan Tata today retired as Chairman of Tata Group after a 50-year run predicting that India's growth will reestablish after the 'passing phase' of a difficult environment, which will most likely continue in the next year.Also read: Ratan...

23.25 | 0 komentar | Read More

DGCA seeks more details from Kingfisher on finances

The DGCA (Directorate General of Civil Aviation) has sought additional details from Kingfisher Airlines on how it would fund its revival plan submitted to the aviation regulator for resumption of its flight operations, official sources said on Friday.The...

23.25 | 0 komentar | Read More

HDFC Bank mops up Rs 1,405 cr from bonds

HDFC Bank on Friday said it has raised about Rs 1,405 crore from bonds to fund business growth. The bank has allotted lower tier-II bonds for an amount aggregating Rs 1,405 crore, HDFC Bank said in a filing on the BSE. The bonds in the nature of debentures...

23.25 | 0 komentar | Read More

GMR exits NHAI project in frustration over red tape

The GMR Group has walked out of the Kishangarh-Udaipur-Ahmedabad National Highway project 16 months after it won the project in a bid, reports CNBC-TV18. GMR had promised to pay the National Highways Authority Of India over Rs 9,000 crore...

23.25 | 0 komentar | Read More

Odisha govt to dispose mining renewal lease within 3 months

The Odisha government on Thursday said it would dispose all applications pertaining to renewal of mining leases within three months as directed by the Orissa High Court. "We have already started the process of disposing pending mining lease-renewal applications,"...

23.25 | 0 komentar | Read More

Govt draft soon on checking RPower's use of Sasan UMPP coal

Power and Coal ministries will soon prepare a draft on modalities for monitoring safeguards related to Reliance Power's utilising excess coal from the blocks allocated for Sasan UMPP, for its another project in Chitrangi. Officials from the two ministries...

23.25 | 0 komentar | Read More

Cholamandalam to raise Rs 300 crore through securities

Cholamandalam Investment and Finance Company on Thursday said its board has approved raising Rs 300 crore in capital through an issue of securities. "The board of directors at a meeting today has approved raising capital up to Rs 300 crore by an issue...

23.25 | 0 komentar | Read More

LT Hydrocarbon wins Rs 781-cr contract from ONGC

Larsen & Toubro Hydrocarbon has secured an offshore contract valued at Rs 781 crore from the Oil and Natural Gas Corporation (ONGC). The contract, won against international competitive bidding, encompasses total 'EPCI' - engineering procurement construction and...

23.25 | 0 komentar | Read More

Steel demand likely to be 75 MT in FY13: Tata Steel

Tata Steel on Thursday said the total demand for steel in the current fiscal is likely to grow by 5.5 percent to around 75 million tonnes. The demand growth rate may be better next fiscal at around 7 percent bouyed by economic growth fuelled by reforms...

23.25 | 0 komentar | Read More

CCI approves proposed merger of DHFL and its two arms

Fair trade regulator CCI has approved the merger of Dewan Housing Finance Corp's two arms -- DHFL Holdings and First Blue Home Finance -- with the parent company.   The Competition Commission of India (CCI) has said the combination is...

23.25 | 0 komentar | Read More

Govt may discuss usage of extra coal at Sasan on Thursday

The power and coal ministries are expected to discuss on Thursday the modalities on how Reliance Power should utilise surplus coal from the blocks allocated for Sasan UMPP (ultra mega power project), for another project in Chitrangi.The meeting would...

23.25 | 0 komentar | Read More

Essar Power synchs 600MW unit at Mahan Power Project

Essar Power on Wednesday announced synchronisation of the first 600MW unit plant of its1,200 MW Mahan-1 project in Madhya Pradesh. With this, the total power-generation capacity of Essar Power stands at 3,910 MW, as against 1,220 MW at the time...

23.25 | 0 komentar | Read More

Fortis sets up committee to comply with Sebi norms

Fortis Healthcare on Wednesday said its board has formed a committee to evaluate options to comply with the minimum public shareholding requirement guidelines.The company said its board has constituted an issue committee to evaluate various options available...

23.25 | 0 komentar | Read More

DGCA to ask Kingfisher for more details on its finances

Aviation regulator DGCA would soon seek additional details from Kingfisher Airlines regarding its finances, with Civil Aviation Minister Ajit Singh today saying the cash-strapped carrier's parent firm UB Group has not disclosed anything regarding funding.As...

23.25 | 0 komentar | Read More

Bank credit rises 16%, robust growth expected in Q4

Moneycontrol BureauThe non-food credit or the amount that banks lend to individuals and companies, rose nearly 16% year-on-year to Rs 48.54 lakh crore for the fortnight ended December 14, 2012. However, it was marginally lower than 16.40%, recorded in...

23.25 | 0 komentar | Read More

Telcos to face upto Rs 10lk fine for false broadband report

Telecom companies will have to pay a penalty of up to Rs 10 lakh if they submit a false compliance report on quality of broadband services, according to sectoral regulator Trai ."If the compliance report furnished by a service provider, providing broadband...

23.25 | 0 komentar | Read More

Rel Life to hire 5,500 people in FY13 for new sales model

Leading private sector insurer Reliance Life today said it has hired 2,500 persons under a new distribution model, wherein insurance agents would get fixed stipend and variable commission, while 3,000 more people will be recruited during the current...

23.25 | 0 komentar | Read More

Kingfisher files revival plan with air regulator: source

Grounded carrier Kingfisher Airlines has filed a revival plan with the airline regulator, a senior government official said on Tuesday, in an effort to renew its operating license before it expires at the end of the year.Kingfisher, which has not flown...

23.25 | 0 komentar | Read More

Qatar Petroleum keen to buy stake in Petronet LNG

Qatar Petroleum has expressed interest in buying a 5.2 per cent stake in Petronet LNG Ltd, a potentially conflict of interest proposition as it will give the gas supplier a vantage position in India's largest fuel importer.Qatar Petroleum, the Persian...

23.25 | 0 komentar | Read More

Three steel PSUs look to buy iron ore assets in Brazil

Three state-run firms, Rashtriya Ispat Nigam, NMDC and MOIL , under the Steel Ministry are looking to acquire iron ore assets in Brazil, the world's second largest exporter of the steel-making raw material. NMDC has already started due diligence...

23.25 | 0 komentar | Read More

Plan panel sets $100 bn target for pharma sector by 2020

The Planning Commission has set a target for the Indian pharmaceutical industry to reach USD 100 billion by 2020 and account for 5 per cent share of the global drug industry in the next five years.According to the final draft for 12th Five Year Plan...

23.25 | 0 komentar | Read More

Plan panel for audit of spectrum usage

The government needs to audit spectrum usage and refarming of airwaves to ensure efficient utilisation of the natural resource, the 12th Five Year Plan document has said.The 12th Plan (2012-17) said a "significant amount of additional spectrum" would...

23.25 | 0 komentar | Read More

HCC-Coastal JV bags Rs 231cr order from NE Frontier Railway

Leading infrastructure firm Hindustan Construction Company (HCC) today said it has bagged a railway tunnel construction contract worth Rs 230.98 crore in joint venture with Coastal Projects Ltd from Northeast Frontier Railway.The tunnel will be built...

23.25 | 0 komentar | Read More

Sugar prices likely to fall in near term: Report

Sugar prices are expected to decline in the near term on higher carryover stocks and lower prices globally, IMaCS, a subsidiary of leading credit rating agency ICRA , said today.World sugar prices are expected to decline in SY (sugar year) 2013 given...

23.25 | 0 komentar | Read More

Union Bank of India to raise up to Rs 1,500 cr via bonds

State-owned Union Bank of India today said it would raise up to Rs 1,500 crore from bonds over the next three months. The decision to raise funds was taken at the Board meeting held on December 22 , UBI said in a BSE filing.The Board approved raising...

23.25 | 0 komentar | Read More

IndusInd bank promoter sells 46 lkh shares for Rs 196 crore

One of the promoters of IndusInd Bank - IndusInd International Holdings, today offloaded 46 lakh shares of the private sector lender for about Rs 196 crore through open market transaction.As per the bulk deal data available with the stock exchanges,...

23.25 | 0 komentar | Read More

RBI rate hike hits investment growth the most

Moneycontrol BureauThe impact of policy rate hike is more severe on the growth in investment demand and imports rather than the demand expansion in private and government consumptions and exports, revealed a RBI research paper. "An interest...

23.25 | 0 komentar | Read More

Aditya Birla Nuvo gets CCI approval for Pantaloon deal

Fair trade regulator CCI has given green signal to the takeover of Future group's Pantaloon brand business by Aditya Birla Nuvo . Aditya Birla Nuvo Ltd (ABNL), part of Kumar Mangalam Birla-led group, through a subsidiary has proposed to acquire a majority...

23.25 | 0 komentar | Read More

AMFI to offer mutual fund details in e-format

The Association of Mutual Funds in India (AMFI) today launched an electronic form of mutual fund common account statements (eCAS). "Mutual fund houses, in collaboration with AMFI have started issuance of mutual fund common account statements in an electronic...

23.25 | 0 komentar | Read More

German bank sues over Kingfisher Airlines planes

Germany's DVB Bank SE has sued aviation regulator Directorate General of Civil Aviation (DGCA) and Kingfisher Airlines to have two planes it financed for the troubled carrier deregistered, a possible first step towards recouping its funds.The case underlines...

23.25 | 0 komentar | Read More

Hinduja group acquires US based- Houghton Int'l for $1bn

The Hinduja group has done some christmas shopping for a whopping 1 billion dollars. Gulf Oil which is owned by the Hinduja group, has acquired US based Houghton International. This will make them the ninth largest in the lubricant space, reports CNBC-TV18's...

23.25 | 0 komentar | Read More

Single FSA for PSUs and private coal consumers

There would a single "Fuel Supply Agreement" (FSA) draft for both public and private sector power companies seeking coal from Coal India Ltd . "There will be only one single FSA for both private and public parties," Union Coal Minister Sriprakash Jaiswal...

23.25 | 0 komentar | Read More