SC seeks details of total mineral reserves in Karnataka

A 2-judge bench hearing the case has asked the state government to draw up a final assessment of all these 15 mines before April 10. The Supreme Court Tuesday pulled up the Karnataka government for failing to assess the state's total mineral reserves....

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Snapdeal acquires majority stake in RupeePower

At present, it has 40 employees. "Over the next one year, we plan to ramp up our headcount to about 200 people. Most of these will be engineers, who have an understanding of the financial services market," RupeePower founder and CEO Tejasvi Mohanram...

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Jan-March dollar revenue to take a hit of 280 bps: HCL Tech

The Noida-based firm said its EBIT (operating earnings) is also expected to be negatively affected by 80 basis points. During this quarter, the US dollar continued to strengthen against almost all global currencies, HCL Technologies said in a statement....

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Toyota Kirloskar March sales rise 62% to 14,623 units

The company had sold 9,018 units in March last year, Toyota Kirloskar Motor said in a statement. Sales in the domestic market also grew by 62.47 percent during the month at 13,333 units as against 8,206 units in March 2014. Toyota Kirloskar Motor...

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Reliance signs deal with Myanmar on production sharing pact

Reliance will be the operator of the blocks with a 96 percent participating interest while United National Resources Development Services Co. Ltd, a Myanmar company, will hold the remaining stake. Indian oil and gas major Reliance Industries  said...

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Cabinet recommends re-promulgation of Land Ordinance: Srcs

The ordinance had failed the Rajya Sabha test in the first part of the Budget Session. The Opposition was stiffly against the move. The ordinance makes land acquisition easy for industry. The Cabinet on Tuesday recommended re-promulgation of the Land...

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Jet Airways to expand code-sharing partnership with Etihad

Private carrier Jet Airways on Monday announced that it would expand its code-sharing partnership with Etihad to offer new destinations in North America, Europe and Australia to its customers. Currently, the Naresh Goyal-promoted airline offers code-share...

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Dalmia Cement starts trial production in Karnataka plant

Alstom bags 9 mn euro contract from Kochi metro French power equipment maker Alstom has bagged a contract worth 9 million euro from Delhi Metro Rail Corporation to execute the Kochi metro project. Dalmia Cement (Bharat)  on Monday said it has...

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Oricon buys 70% of Oriental Containers for Rs 105 crore

Oricon Enterprises has a consolidated turnover of nearly Rs 1,000 crore and is engaged through its subsidiaries in the business of marine logistics, packaging, automobile distribution and petrochemicals. Oricon Enterprises , a group company of Parijat...

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ICICI, HDFC Bank cut bulk deposit rates by up to 0.25%

The rates have been revised downwards for deposits over Rs 1 crore by 0.25 percent by ICICI Bank effective today, sources said. Fixed deposit rate of maturity between 121-150 days has been revised downward to 8 percent from 8.25 percent earlier. Leading...

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Tiger Global sheds 3.41% stake in Just Dial for Rs 300cr

According to bulk deal data available with the stock exchanges, Tiger Global sold a total of 24 lakh shares, amounting to 3.41 percent stake of Just Dial. The shares were offloaded on an average price of Rs 1,252.30 apiece valuing the transaction at...

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MCX sells Rs 2.25cr warrants in MCX-SX to ILFS

The warrants were sold at Rs 2.50 per piece. The sale is subject to "applicable provision with respect to ownership of stock exchanges under Securities Contracts (Regulations) (Stock Exchanges and Clearing Corporations) Regulations, 2012," the filing...

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Posco seeks refund from Odisha rail line undertaking

South Korean steel giant Posco has sought refund from a rail line undertaking to be set up in partnership with Odhisa government citing change in company law but said it wasn't pulling out from the USD 12 billion steel project in the state. "For railway...

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Vedanta files claim notice against govt under UK-India BIT

Billionaire Anil Agarwal-led group said it will take "all necessary steps" to protect interest against the tax notice on Cairn India. After Cairn Energy of UK, London- listed Vedanta Group has slapped a notice of claims against the Indian government...

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Reckitt Benckiser committed to ‘Stop Diarrhea’ proj: CEO

India is the only island of growth amongst the emerging markets, that's how the CEO of Reckitt Benckiser, describes India and though he doesn't see the country growing in high double-digit over the next two years, Rakesh Kapoor is indeed very bullish...

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Power firms face huge under recovery in fuel cost: ICRA

Aggressive bidding seen in the auction of 33 mines would result in a significant under-recovery in fuel cost estimated at Rs 1,800 crore by financial year 2017-18 for the winning bidders in power sector, rating agency Icra said.It also said cancellation...

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Airtel, RCom gain capability for 4G service across country

Reliance Communications made bids worth Rs 4,299 crore and is required to make an upfront payment of Rs 1,106 crore. Bharti Airtel  and Reliance Communications  (RCom) have gained capability to provide 4G services across the country as they...

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Multiples PE to invest at faster pace over next 2-yrs: CEO

Talking about the investment cycle in India, Multiples PE is basically a sector agnostic fund and looks at opportunities in each and every sector, says managing director and chief financial officer, Prakash Nene.Multiples Alternate Asset Management Private...

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Multiples PE to invest at faster pace over next 2-yrs: CEO

Talking about the investment cycle in India, Multiples PE is basically a sector agnostic fund and looks at opportunities in each and every sector, says managing director and chief financial officer, Prakash Nene.Multiples Alternate Asset Management Private...

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Posco seeks refund from Odisha rail line undertaking

South Korean steel giant Posco has sought refund from a rail line undertaking to be set up in partnership with Odhisa government citing change in company law but said it wasn't pulling out from the USD 12 billion steel project in the state. "For railway...

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Vedanta files claim notice against govt under UK-India BIT

Billionaire Anil Agarwal-led group said it will take "all necessary steps" to protect interest against the tax notice on Cairn India. After Cairn Energy of UK, London- listed Vedanta Group has slapped a notice of claims against the Indian government...

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Reckitt Benckiser committed to ‘Stop Diarrhea’ proj: CEO

India is the only island of growth amongst the emerging markets, that's how the CEO of Reckitt Benckiser, describes India and though he doesn't see the country growing in high double-digit over the next two years, Rakesh Kapoor is indeed very bullish...

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Power firms face huge under recovery in fuel cost: ICRA

Aggressive bidding seen in the auction of 33 mines would result in a significant under-recovery in fuel cost estimated at Rs 1,800 crore by financial year 2017-18 for the winning bidders in power sector, rating agency Icra said.It also said cancellation...

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Airtel, RCom gain capability for 4G service across country

Reliance Communications made bids worth Rs 4,299 crore and is required to make an upfront payment of Rs 1,106 crore. Bharti Airtel  and Reliance Communications  (RCom) have gained capability to provide 4G services across the country as they...

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Cancelling JSPL bid and allotment of mines to CIL wrong: HC

Following the report, the stock surged 6.5 percent intraday. It closed the day at Rs 157.00; up 4.53 percent. The Delhi High Court has observed that the rejection of winning bids of Jindal Steel & Power Ltd  (JSPL) for two coal blocks in...

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Vedanta files claim notice against govt under UK-India BIT

Billionaire Anil Agarwal-led group said it will take "all necessary steps" to protect interest against the tax notice on Cairn India. After Cairn Energy of UK, London- listed Vedanta Group has slapped a notice of claims against the Indian government...

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