Neyveli disinvestment on Aug 2, govt to raise Rs 350cr

The government's 3.56 percent stake sale of Neyveli Lignite Corporation (NLC) through the institutional placement route will hit the markets on August 2 and is expected to fetch around Rs 350 crore to the exchequer.The government is selling 3.56 per...

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DGCA begins probe into JetLite plane engine failure

Aviation regulator DGCA has initiated a preliminary investigation into the JetLite plane engine failure, which led to an emergency landing of the aircraft at the city airport here, sources said."We have begun a preliminary probe into the (JetLite plane)...

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National Fert OFS subscribed 1.55 times; govt gets Rs 101cr

The government today raised Rs 101 crore from the sale of 3.74 crore shares in National Fertilisers (NFL) after the issue was lapped up in a weak market.The offer for sale (OFS) attracted bids for over 5.84 crore shares, or 1.55 times of the 3.74 crore...

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Essar Steel front-runner in race for Stemcor India's assets

Ruais-promoted Essar Steel is the front-runner to clinch Stemcor India's assets for which at least a dozen domestic and overseas firms, including Tata Steel , Vale and JSW Steel are also in the fray.In a meeting held last week in London, Stemcor's senior...

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MRPL looking at resuming oil imports from Iran next month

Mangalore Refinery and Petrochemicals is looking at resuming crude oil imports from Iran next month, company's Managing Director P P Upadhya said today. MRPL , which imported 3.9 million tonnes of crude oil from Iran in 2012-13, has not imported any...

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3G row: HC transfers pleas of Voda, Airtel, Idea to TDSAT

Delhi High Court today sent to telecom tribunal TDSAT separate pleas of Vodafone, Bharti Airtel and Idea Cellular filed against DoT orders asking them to stop providing intra-circle 3G roaming service outside their licensed circles by entering into pacts...

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Srei Infra seeks Sebi nod to raise up to Rs 200cr via NCDs

Srei Infrastructure Finance Ltd has sought market regulator Sebi's approval to raise up to Rs 200 crore through non-convertible debentures (NCDs).    Srei is planning to garner Rs 100 crore through secured, redeemable, NCDs and would...

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Sovereign bonds disastrous; 15% credit growth possible: SBI

Only an orderly depreciation in the rupee can be considered as stability and elevated interest rates beyond September will affect banks, says Diwakar Gupta, executive director, State Bank of India (SBI).Also Read: RBI chief against sovereign bonds; inflation...

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Gati Infra to invest Rs 1,188cr in Sikkim power project

Gati Infrastructure said today it would jointly invest Rs 1,188 crore with GE Energy Financial Services India, in its 110 MW hydroelectric power project in Sikkim, which it had commissioned in May."The 110 megawatt Chuzachen hydro-electric project in...

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CIL trade unions have agreed for 5% disinvestment: Minister

Jul 30, 2013, 05.59 PM IST A five percent stake sale will fetch the government about USD 1.5 billion at current market price. Coal India's trade unions had earlier threatened to go on an indefinite strike if the government went ahead with...

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Govt seeks Cabinet nod to keep parties out of RTI

The government has decided to keep political parties out of the ambit of Right to Information (RTI) Act and may seek approval of an amendment at a meeting of Union Cabinet on Thursday.A draft note on the issue  has been prepared by the department...

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Telangana or Andhra, conducive biz environment must: Reddy

Telangana or Andhra Pradesh, both states would have to ensure conducive business environment for industries Sangita Reddy, MD of Apollo Hospitals said commenting on the resolution passed by Congress working committee to create a new state of Telangana.The...

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Sebi revokes restrictions against two firms

Restrictions imposed on Adani Ports & Economic Zone Ltd and Nagarjuna Agrichem, as also their directors and promoters, for not meeting Sebi's minimum public shareholding norms have been revoked by the market regulator, as they have now complied with...

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Cabinet may take final call on Walmart lobbying case

The findings of a one-man panel set up to probe retail giant Walmart's lobbying activities may soon go to the Union Cabinet, which would also look into suggestions made by various ministries in this regard. Also read: Panel probing Walmart lobbying...

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Drug retailers need more time to sell old stock

The new Drug (Price Control) Order (DPCO) that slashed the prices of essential drugs with effect from today would incur a massive loss to the tune of Rs 600 crore for drug retailers in Kerala as they have already taken the drugs on a higher price, medical-shop...

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Jet-Etihad deal nod restores faith of investors: Ajit Singh

The Jet-Etihad deal is ready for takeoff as India's largest FDI investment in aviation has been given the green signal by the foreign investment promotion board. The nod has been given with 4 conditions and if both the airlines agree to it then the deal...

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FIPB nod to Jet-Etihad deal positive: Experts

The Foreign Investment Promotion Board (FIPB) has cleared the much awaited Jet-Etihad deal , but with certain riders. Jet Airways is likely to receive Rs 2,058 crore by offloading 24 percent stake to Etihad.Reacting to the FIPB's go-ahead, Kumkum Sen,...

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2G: Essar Tele seeks joint trial with A Raja, others

Essar Teleholdings Limited, facing trial in a case arising out of the probe into the 2G spectrum scam, today moved a special CBI court seeking joint trial with former Telecom Minister A Raja and others in pursuance to the Supreme Court's order holding...

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Lanco in talks to restructure $1.5 bn debt - paper

Infrastructure builder Lanco Infratech has started discussion with its bankers to restructure debt worth Rs 90 billion as a weak economy takes a toll, the Business Standard newspaper reported on Saturday.Also read: Government mulls plan to start coal...

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Ad firms Publicis, Omnicom in merger talks: Report

Advertising groups Publicis Groupe SA and Omnicom Group Inc are in late-stage merger talks, Bloomberg reported, citing a person with knowledge of the matter.The deal, which the report said is likely to be structured as a merger of equals, would combine...

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US chief executives can't break cost-cutting habit

A disconcerting trend lurks beneath the recent round of solid profit forecasts announced by companies ranging from United Technologies Corp to Wendy's Co : More than three years into the recovery, CEOs are still relying on cost cuts to prop up earnings.While...

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Vikas Khanna explores his 'Junoon' for cooking in Manhattan

The Indian food and beverage industry is currently worth US 41 billion and is expected to grow at 11 percent to touch USD 68 billion by 2013. A lot of Indian startups are attracted to the industry.41 year old Vikas Khanna, chef and author, Restaurant...

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Reworking your beverage menu? Here's an agency to help you

For 33-year-old Nikhil Agarwal, his agency for the food and beverages (F&B), All Things Nice, is out to introduce and educate people on wines, single mot chocolates and even cigars. The consultant sommelier and founder of the agency, advises restaurants...

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Restructure cheaper; no worry on fall in cash level: Ambuja

Forty-eight hours after Ambuja Cements announced restructuring of ownership by parent Holcim , the airwaves have been flooded with reactions and concerns from minority shareholders, investors, and analysts.Ambuja Cements managing director, Onne Van Der...

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Ad firms Publicis, Omnicom in merger talks: Report

Advertising groups Publicis Groupe SA and Omnicom Group Inc are in late-stage merger talks, Bloomberg reported, citing a person with knowledge of the matter.The deal, which the report said is likely to be structured as a merger of equals, would combine...

23.25 | 0 komentar | Read More

US chief executives can't break cost-cutting habit

A disconcerting trend lurks beneath the recent round of solid profit forecasts announced by companies ranging from United Technologies Corp to Wendy's Co : More than three years into the recovery, CEOs are still relying on cost cuts to prop up earnings.While...

23.25 | 0 komentar | Read More

Vikas Khanna explores his 'Junoon' for cooking in Manhattan

The Indian food and beverage industry is currently worth US 41 billion and is expected to grow at 11 percent to touch USD 68 billion by 2013. A lot of Indian startups are attracted to the industry.41 year old Vikas Khanna, chef and author, Restaurant...

23.25 | 0 komentar | Read More

Reworking your beverage menu? Here's an agency to help you

For 33-year-old Nikhil Agarwal, his agency for the food and beverages (F&B), All Things Nice, is out to introduce and educate people on wines, single mot chocolates and even cigars. The consultant sommelier and founder of the agency, advises restaurants...

23.25 | 0 komentar | Read More

Lanco in talks to restructure $1.5 bn debt - paper

Infrastructure builder Lanco Infratech has started discussion with its bankers to restructure debt worth Rs 90 billion as a weak economy takes a toll, the Business Standard newspaper reported on Saturday.Also read: Government mulls plan to start coal...

23.25 | 0 komentar | Read More

Restructure cheaper; no worry on fall in cash level: Ambuja

Forty-eight hours after Ambuja Cements announced restructuring of ownership by parent Holcim , the airwaves have been flooded with reactions and concerns from minority shareholders, investors, and analysts.Ambuja Cements managing director, Onne Van Der...

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Won't raise funds; focus remains on core biz: Dewan Housing

Dewan Housing Finance Corp , which is looking to buy 74 percent stake in DLF 's life insurance joint venture with US-based Prudential International Insurance Holdings has no plans to raise funds from the market now.Though CMD Kapil Wadhawan shared no...

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HUL CEO Nitin Paranjpe to head Unilever's Home Care biz

Jul 26, 2013, 01.44 PM IST Sanjiv Mehta, currently, chairman, North America & Middle East, Unilever, will be the new CEO and MD of Hindustan Unilever from Oct 1. Like this story, share it with millions of investors...

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Etihad agrees to cut number of directors on Jet board

Abu Dhabi-based Etihad Airlines has agreed to halve the number of directors on the Jet Airways Board to two posts under the Rs 2,058 crore deal, giving the Indian promoters 'effective control' of the carrier.Also read: CommMin intervenes to ease Jet-Etihad...

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PNB seeks Rs 1,500 cr capital support from govt

Punjab National Bank today said it has sought Rs 1,500 crore fund support from the government to enhance its capital base."We have approached the government and sought Rs 1,500 crore in the current fiscal," PNB Chairman and Managing Director K R Kamath...

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Mahindra's realty firm forms JV with StanChart

Realty firm Mahindra Lifespace Developers today announced equal joint venture with UK's Standard Chartered Bank for developing housing projects in India with proposed investment of about Rs 1,000 crore.Also Read: Transfer pricing: MNCs receive I-T noticesMahindra...

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Wipro signals demand pick-up after profit rise

Wipro , India's third-largest software services exporter, sounded upbeat about demand for its outsourcing services, after posting an 11 percent rise in quarterly net profit helped by an increase in large contracts.The company expects revenues from IT...

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Maruti Suzuki seeks to raise exports as local sales stall

Jul 25, 2013, 06.04 PM IST The company warned that it expects discounts on car prices to increase in the current quarter due to weak demand, especially as diesel-powered cars lose their popularity after the government allowed monthly increases...

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