'Vodafone keen on a amicable resolution to tax dispute'

Representatives of British telecom major Vodafone today met senior Finance Ministry officials and expressed the company's keenness to amicably resolve the Rs 20,000-crore tax dispute, officials said. "(Vodafone) Officials said nothing is cast in stone....

23.25 | 0 komentar | Read More

DLF to raise Rs 3,500 cr via office-asset backed securities

The new offerings would be over and above the Rs 525 crore already raised and another issue of Rs 375 crore in the pipeline backed by another mall in Delhi 'DLF Promenade' Realty giant  DLF plans to raise upto Rs 3,500 crore this fiscal through...

23.25 | 0 komentar | Read More

COMPAT cracks whip on DLF: What lies ahead?

It's a body blow for DLF , the company has lost the second legal round against it's consumers in Gurgaon and has been directed to pay Rs 630 crore as penalty for abusing its dominant position in the city's luxury housing market. This as the competition...

23.25 | 0 komentar | Read More

AirAsia's Rs 990 ticket: 1-time gimmick or sustainable bet?

Sagar Salvimoneycontrol.comStaying true to its image, AirAsia wowed travelers, while making competitors sweat under the collar, with a Rs 990 introductory price tag (including taxes) for its maiden flight on Bangalore-Goa route on June 12.The price is...

23.25 | 0 komentar | Read More

Disruptive pricing only way to penetrate mkt: AirAsia CEO

Mittu Chandilya, Chief Executive Officer, AirAsia India in an interview to CNBC-TV18 said the airlines is aiming for a 10% domestic market share in the next one year and expects to break even in the next few months. According to him 30-35% lower fares...

23.25 | 0 komentar | Read More

Morgan Stanley sells Aurobindo Pharma shares worth Rs 116cr

Morgan Stanley Asia Singapore, which is a shareholder of Aurobindo Pharma, sold 17,32,500 shares of the drug company for about Rs 670 apiece, valuing the transaction at Rs 116 crore. Foreign fund house Morgan Stanley Asia Singapore today offloaded...

23.25 | 0 komentar | Read More

UBI slaps winding up petition against Kingfisher Airlines

City-based  United Bank of India (UBI) has filed a winding up petition against Vijay Mallya-promoted  Kingfisher Airlines for failing to retire loans amounting to Rs 336 crore, an official of the bank said. "We have filed winding up petition...

23.25 | 0 komentar | Read More

Yes Bank starts shares sale to raise up to USD 500m

The bank is in the process of raising up to USD 500 million, sources said. However, details of the share sale were not known. Yes Bank  starts shares sale to raise up to USD 500 mn New Delhi, May 29 (PTI) Private sector Yes Bank today started...

23.25 | 0 komentar | Read More

Infosys faces shortage of leadership, former CFO Pai says

India's second-largest software services firm Infosys , which has seen a spate of departures by top executives, is facing a "shortage of leadership," former chief financial officer T V Mohandas Pai said today.The company's "prolonged search" for a...

23.25 | 0 komentar | Read More

BMW launches locally made X5 at Rs 70.9 lakh

German luxury car maker BMW today launched the locally produced SUV, X5xDrvie, at Rs 70.9 lakh ex-showroom, national. The 3-litre diesel machine was unveiled by Sachin Tendulkar, who is also BMW India's brand ambassador. The cricket icon said he has...

23.25 | 0 komentar | Read More

BG Srinivas to join Hong Kong-based PCCW as Group MD

Infosys President BG Srinivas will join Hong Kong-based diversified group PCCW as Group Managing Director in July, after ending his 15-year old stint with India's second largest IT services firm.In a surprise move yesterday, Infosys announced the resignation...

23.25 | 0 komentar | Read More

Jet Airways expands code-sharing with Etihad

Jet Airways  today announced expansion of its code-sharing agreement with Etihad Airways to various destinations across the globe.The expansion will also enhance the position of Jet Airways' hub in Mumbai and Delhi with convenient mid-point option...

23.25 | 0 komentar | Read More

BG Srinivas tipped to join another IT firm as CEO MD

Considered among the top contenders for the first non-founder CEO post at the company, Srinivas who is a Infosys Board Member and President, has resigned in a surprise move. Infosys ' latest high profile exit B G Srinivas may join another IT services...

23.25 | 0 komentar | Read More

BG Srinivas quits Infosys; co sees 10th big exit in one yr

The post of CEO at Infosys will fall vacant when current boss SD Shibulal retires. But the company has not yet finalised a successor. Sources said Srinivas' decision to quit came after it became clear that he was not in the race for Infosys' top job....

23.25 | 0 komentar | Read More

May look at MA or stake sale to cut holding: Uday Kotak

With Narendra Modi-led NDA government firm in place at the Centre, the country is now moving from a period of expectations to a period of execution. That's the analysis of veteran economy watcher Uday Kotak, vice chairman and managing director of Kotak...

23.25 | 0 komentar | Read More

Fast-track CEO hunt to avoid instability: Ex-Infy man Bala

"At some point, Infosys had to bite the bullet." That's how V Balakrishnan, former Infosys Board Member and a member of the Aam Aadmi Party described the BG Srinivas joining the `Infosys exit league.' He emphasized that the company has reached...

23.25 | 0 komentar | Read More

Coal India CMD quits, may take 6 months to find successor

The 56-year-old Rao will take up a new role as principal secretary to K. Chandrasekhar Rao, the chief minister of India's 29th state — Telangana — from June 2. However, there is no word yet who will be Rao's successor in Coal India after his resignation....

23.25 | 0 komentar | Read More

ITD Cementation order book at Rs 4100cr, debt at Rs 700cr

In an interview to CNBC-TV18's Nigel D'Souza and Reema Tendulkar, S Ramnath, CFO of  ITD Cementation spoke about the latest happenings in the company and the road ahead.Below is a verbatim transcript of the interviewNigel: What does your order book...

23.25 | 0 komentar | Read More

RBI nod mandatory to takeover, acquire control of NBFCs

"The prior written permission of the Reserve Bank of India shall be required for any takeover or acquisition of control of an NBFC, whether by acquisition of shares or otherwise," the central bank said in a notification today. To ensure 'fit and proper'...

23.25 | 0 komentar | Read More

GAIL plans more LNG deals with US

Gas firm GAIL (India) Ltd aims to sign more deals with the United States for sourcing liquefied natural gas (LNG) as it hopes to lock-in customers for existing contracts by the end of July, company officials said on Monday. GAIL has a deal to buy...

23.25 | 0 komentar | Read More

Output of Ambassadors halted, iconic car of official India

The maker of the iconic Ambassador has halted production of the car that was long the choice of Indian officialdom, citing weak demand and a lack of funds, casting doubt on the future of a vehicle that has looked essentially the same for more than five...

23.25 | 0 komentar | Read More

Maruti launches CNG variant of Celerio at Rs 4.68 lakh

MSI had launched Celerio with the Auto Gear Shift technology during Auto Expo 2014. The auto gear shift technology gives flexibility of having both manual mode and auto drive mode in the same car, with a simple shift of gear lever. The country's largest...

23.25 | 0 komentar | Read More

Lenovo: China no longer our most lucrative market

Lenovo, the world's largest PC maker, is intent on becoming a global brand as it shifts its focus away from China, the firm's chief financial officer told CNBC. China is still the PC and smartphone maker's largest market, contributing 38 percent to...

23.25 | 0 komentar | Read More

Pfizer gives up USD 117bn pursuit of AstraZenaca

Commenting on the development, Pfizer Chairman and CEO Ian Read said: "We continue to believe that our final proposal was compelling and represented full value for AstraZeneca based on the information that was available to us." US drug major Pfizer...

23.25 | 0 komentar | Read More

CAG asks DoT's to reply by June on telecom circle mergers

The Comptroller and Auditor General has asked the DoT to reply to its draft report wherein it was alleged that Chennai and Tamil Nadu service areas were "hastefully" merged resulting in "undue benefit" of Rs 2,400 crore to Airtel and Aircel. In its...

23.25 | 0 komentar | Read More

Deepak Parekh rules out running for FM in Modi-led govt

Since BJP's win and Modi's imminent appointment as the next Prime Minister of the country, much speculation has been going around as to who will become the next Finance Minister. The name that has been doing the rounds is of course that of Arun Jaitely....

23.25 | 0 komentar | Read More

AP HC vacates status quo order on Sun Pharma-Ranbaxy merger

The petitioners alleged that there was heavy trading of Ranbaxy stock before the merger with Sun Pharma was announced on April 6. The Andhra Pradesh High Court Saturday vacated the status quo order it had issued earlier on the merger process between ...

23.25 | 0 komentar | Read More

NSEL begins remittance of payout to unit-holders of E-Gold

NSEL had a total of 617.5 kgs of gold eligible for rematerialisation and financial closure. Pursuant to FMC issuing the NOC, the exchange had issued the circular on April 4 for rematerialisation/financial closure of e-series settlement. As a part...

23.25 | 0 komentar | Read More

Caledonia sells 3 % stake in Dewan Housing for Rs 114 cr

As on quarter-ended March 2014, Caledonia Investments held 1.28 crore shares of Dewan Housing Finance amounting to 9.98 percent stake in the company. UK-based Caledonia Investments today offloaded nearly 3 percent of its stake in mortage lender ...

23.25 | 0 komentar | Read More