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...

21.03 | 0 komentar | Read More

Over 1.71 cr pledged shares of SpiceJet released

Low cost carrier SpiceJet said that more than 1.71 crore shares pledged by one of its promoter, Kal Airways, have been released. Kal Airways, one of the two promoter entities of the carrier, held 15.65 crore or 32.32 per cent stake in SpiceJet as of...

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MOIL eyes stake purchase in Peru mine

State-run manganese ore producer MOIL has evinced interest in picking up a stake in Maravilloso Mines in Peru owned by Melrose Mines and Minerals. "MOIL has shown interest in picking up a participating interest in Maravilloso Mines in Peru. It has four...

21.03 | 0 komentar | Read More

MyBox is one of India's leading Set Top Box brands

Mon, Dec 31, 2012 at 18:21 MyBox is one of India's leading Set Top Box brands. MyBox wants to ber a leading global brands in this arena across the world. '; if (google_ads[0].type=="text")...

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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...

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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...

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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...

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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...

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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...

21.03 | 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....

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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...

21.03 | 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...

21.03 | 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...

21.03 | 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...

21.03 | 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....

21.03 | 0 komentar | Read More

Reliance Broadcast rises 4% on increase in market share

Reliance Broadcast Network rose as much as 4 percent intraday on Friday after the company said the BIG - CBS Network fortified its position as the No.1 english entertainment network post successful implementation of Digital Addressability System (Das),...

21.03 | 0 komentar | Read More

Tecpro gets Rs 267-cr order from NTPC subsidiary

EPC firm Tecpro Systems has got a Rs 267.3 crore order from an NTPC subsidiary for supply of the entire coal handling plant package for its Muzaffarpur plant. The company "has received an order worth Rs 267.3 crore from Kanti Bijlee Utpadan Nigam, a...

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Expect some capital infusion from GoI in FY13: IDBI

In an interview to CNBC-TV18, BK Batra, Deputy Manager of IDBI spoke about the latest happenings in the ban and the road ahead. He expects credit growth to pick up in the last quarter. However, the bank may end up clocking a growth of around or a little...

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India's mineral production rises 17% to Rs 16,975 cr in Oct

The country's mineral production grew by 16.6 per cent in October to Rs 16,975 crore led by coal and iron ore. India had produced minerals, excluding atomic and minor minerals, worth Rs 14,555 crore in October last year, an official statement said. The...

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'Diversion of e-auction coal to power cos to hit others'

Amid the power sector facing fuel shortage, the Coal Ministry has opined that diversion of a portion of e-auction coal to power producers will affect the fuel supply to other sectors, including steel and cement. This follows Coal Minister Sriprakash...

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Audi to raise prices by up to Rs 3.69 lakh from January 1

Luxury car maker Audi said it will hike the prices of its entire range of models by up to Rs 3.69 lakh with effect from January 1 due to rising input costs and falling rupee. "As we have stated earlier, the overall market scenario is challenging. The...

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Star Broadband - A world-class ISP using ethernet products

Star Broadband - A world-class ISP using ethernet products Star Broadband is a business class ISP provider founded in August 2000 in New Delhi. With a long history in Cable TV industry, Star Broadband has focused on building the best possible network...

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Power Min looking into issues raised by pvt power producers

Power Minister Jyotiraditya Scindia is discussing within the Ministry the recent proposals submitted by the private power producers to address fuel supply issues as well as to revive the crisis-hit sector. The Association of Power Producers (APP) on...

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Karur Vysya Bank aims to clock Rs 72,000cr biz in FY'13

Karur Vysya Bank aims to generate a total business of Rs 72,000 crore during the current financial year, according to a senior bank official. "The bank is targeting a total business of Rs 72,000 crore for the current fiscal. The current level...

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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,"...

21.03 | 0 komentar | Read More

Wheat MSP raised by Rs 65 per quintal

The government today announced Rs 65 per quintal hike in the support price of wheat to Rs 1,350 per quintal and allowed additional exports of 2.5 million tonnes of wheat from its godowns to clear surplus stock and ease storage crunch.The Cabinet Committee...

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Expect 25% loan growth this fiscal: Karur Vysya

In an interview to CNBC-TV18 K Venkatraman, CEO & MD, Karur Vysya Bank  spoke about the current happenings in the bank and the road ahead . He sees no futher compression on the bank's margins, which would stand at 3 percent going forward. Further,...

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Govt guarantee, 20-yr period spice up IIFCL bond issue

IIFCL (India Infrastructure Finance Company Ltd) has announced an offer of 20-year bonds to retail investors at a coupon rate of 7.9 percent. The PSU finance company plans to raise a minimum of  Rs 1,500 crore and maximum of around Rs 9,000 crore.SK...

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BSNL floats fresh tender for network expansion in West zone

State-run BSNL has issued a fresh tender for procuring telecom equipments in its West zone after Indian Telephone Industries (ITI) Limited did not participate in the earlier offer due to various issues."We had to float fresh tender for 63 million lines...

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SpiceJet shareholders approve raising Rs 145 cr from Maran

SpiceJet today said shareholders have approved proposals to raise Rs 145 crore through issue of debentures and warrants, on preferential basis, to its promoter Kalanithi Maran.The budget airline, promoted by Sun Group, is looking for funds for expansion....

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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...

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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...

21.03 | 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...

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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...

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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...

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IIFCL to raise up to Rs 9,215cr through tax-free bonds

State-owned India Infrastructure Finance Company Ltd (IIFCL) said it plans to raise up to Rs 9,215 cr through tax-free bonds to fund infrastructure projects in the country. "We plan to raise Rs 1,500 crore with green-shoe option up to the shelf limit...

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LIC's claims record better than pvt insurers: Irda

The Life Insurance Company (LIC) has a better record of paying death claims than that of private life insurers, revealed the Insurance Regulatory and Development Authority (Irda) in its latest report. "The claim settlement ratio of LIC appeared...

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Infosys cutting prices to boost volumes, says JP Morgan

Moneycontrol BureauOnce the tech bellwether, Infosys , has been hit hard by the global economic downturn in the last couple of years. With clients postponing discretionary spends, Infosys' volumes took a hit. Yet, it continued to focus on margins, even...

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Coal India bets on domestic growth to meet demand

Coal India Ltd said it prefers to pursue a production increase at home over securing coal assets overseas as it seeks to meet rising demand from India's fuel-starved power plants."Our unrelenting focus should be on domestic production," Coal India Chairman...

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GMDC to set global centre on mining safety and automation

State public sector unit Gujarat Mineral Development Corporation (GMDC) will set up a global centre on mining safety and automation in Gujarat. The centre which is likely to be established on a public-private-partnership (PPP) model to facilitate research...

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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...

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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...

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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...

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Suicide bombers attack Airtel office in Nigeria

Two suicide car bombers attacked the offices of mobile phone operators India's Airtel and South Africa's MTN on Saturday in Nigeria's northern city of Kano, killing themselves but no civilians, the police said."The one who hit the Airtel office was shot...

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Maruti to set up second plant in Guj; acquires 600 acres

Maruti Suzuki India said it has started spadework to set up its second facility in Gujarat with acquisition of another 600 acres, in addition to its existing plan to invest Rs 4,000 crore for setting up a plant in the state. The company also said it...

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