Optibase Technologies a leading video over IP company

Optibase Technologies is a known name in advanced video over IP solutions, specializing in video encoding, decoding and streaming for government and law-enforcement agencies, military bases, Telco operators, enterprise organizations and the world's leading...

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ONGC to raise $900m in overseas bond issue

State-run Oil and Natural Gas Corp will raise $900 million through overseas bonds to fund an acquisition in Azerbaijan, Chairman Sudhir Vasudeva told reporters on Thursday.ONGC Videsh, a unit of India's largest energy explorer was planning to raise...

21.03 | 0 komentar | Read More

Bhel share sale not in this fiscal: Patel

Disinvestment in Bhel will not happen in this financial year due to the "terrible scenario" in the power sector, Heavy Industries and Public Enterprises Minister Praful Patel said today.Government is aiming to raise Rs 30,000 crore through stake sale...

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JSPL makes AUD 222mn bid to acquire Gujarat NRE Coking Coal

Jindal Steel and Power (JSPL) today made an all-cash AUD 221.61 million (about Rs 1,200 crore) offer to buy out Gujarat NRE Coking Coal Ltd, the Australian subsidiary of Kolkata-based Gujarat NRE Coke.The 0.20 Australian dollar (AUD) per share offer...

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Telcos get over 3 weeks to register for spectrum auction

Telecom companies interested in buying spectrum in the second round of auction beginning March 11 have being given over three weeks to register for participation. Last date for submission of applications is February 22, according to the notice inviting...

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Cut duty on iron ore to zero: Tata Steel

Tata Steel today demanded that import duty on iron ore be cut to zero for rescuing the domestic industry which is facing scarcity of the raw material and regulatory hurdles."The Indian steel industry is facing problems due to shortage of iron ore and...

21.03 | 0 komentar | Read More

CCI meets today to start work on clearances

The newly-formed Cabinet Committee on Investments (CCI) will meet today for the first time, and on top of the agenda is to get clearances from the defence ministry for 47 oil and gas blocks. The oil ministry says this will help in freeing up USD 13.5...

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COAI seeks 50% reduction in 1800 MHz base price

GSM industry body COAI today sought 50 per cent reduction in the reserve price of 1800 MHz spectrum band in Delhi, Mumbai, Rajasthan and Karnataka circles for the upcoming auction.    It also requested reduction in the base price...

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NMDC not eyeing stake in PSUs

Wed, Jan 30, 2013 at 18:40 NMDC has denied reports of buying stakes in other PSU. Earlier various media reports had suggested that NMDC will buy stake in Oil India, '; if (google_ads[0].type=="text")...

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Manoj Kohli to become Airtel MD to revive mobile business

In a major top-level management restructuring, Bharti Airtel is set to appoint Manoj Kohli as its managing director to revive its mobile business.    Bharti Airtel's founder Sunil Mittal, who is currently its chairman and managing...

21.03 | 0 komentar | Read More

GoAir to add 8 aircraft by July 2014, aims 92 by 2020

Wadia group's no-frills carrier Go Airlines today said it will acquire eight more aircrafts to increase its fleet to 21 by July 2014 from the existing 13.The airline, looking to grow at non-metro and regional level, aims to have a fleet of 92 by 2020....

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HDFC raises Rs 500 cr via NCDs

Mortgage lender HDFC today raised Rs 500 crore through non-convertible debentures (NCDs) for general corporate requirements.   Non-Convertible Debentures are loan-linked bonds issued by a company that cannot be converted into stock and...

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Ashiana Housing to invest Rs 750cr on four new projects

Realty firm Ashiana Housing will invest about Rs 750 crore in the next five years to develop four new housing projects in Rajasthan and Jamshedpur.The company would construct nearly 4,000 apartments in these projects. "Last week, we launched a housing...

21.03 | 0 komentar | Read More

HCL signs multi million dollar pact with Cobham

Software services major HCL Technologies today said it has entered into a multi-year, multi million dollar pact with technology firm Cobham to deliver cost-efficient engineering and R&D services.As part of the engagement, HCL will deliver a range...

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CCI to consider approval to RIL's KG-D6, 46 other blocks

The newly formed Cabinet Committee on Investment is likely to consider tomorrow clearing 47 oil & gas blocks, including Reliance Industries'producing KG-D6 gas fields, where defence approval has either been withdrawn or withheld.The Cabinet Committee...

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EIL to execute OIL's Naharkatiya-Barauni pipeline project

State-owned Engineers India Ltd today said it has signed a contract to upgrade Oil India Ltd's Naharkatiya-Barauni crude oil pipeline.EIL last week signed the Engineering, Procurement and Construction Management (EPCM) contract for implementing the project...

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Aircel launches free roaming service

Aircel today launched a product that offers users one rate for voice, SMS and data in home circles and on roaming.'One Nation, One Rate', offers one rate for voice, SMS and data in home circles and on roaming on Aircel network, the company said in a...

21.03 | 0 komentar | Read More

Mercator gets Rs 210cr contracts from Paradip Port

Diversified conglomerate Mercator Group today said it has bagged two contracts worth Rs 210 crore from Paradip Port Trust in Odisha."The Company has secured two new orders from Paradip Port Trust for maintenance dredging of the approach and extended...

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Working on faster to market new products: Tata Motors

Chasing number two spot in the Indian passenger vehicle market, Tata Motors today said it will speed up the time for introduction of new products, apart from reorienting its dealer network towards better customer experience.    The...

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Volkswagen hikes prices of Polo, Vento by up to 2.27 pc

Car maker Volkswagen today said it has hiked the prices of its hatchback Polo and sedan Vento by up to 2.27 percent with effect from today.    Post the increase in rates, the Polo will now be cost between Rs 4.92 lakh and Rs 7.08...

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Expect Etihad to increase stake, delist Jet Airways: CAPA

Kapil Kaul, CEO-South Asia, Centre for Asia Pacific Aviation (CAPA) estimates, on CNBC-TV18, that Etihad may increase its stake to 49 percent in Jet Airways and delist the airline to avoid following the mandated procedures involved in a company listed...

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Air India trashes report ranking its safety amongst worst

National carrier Air India today termed as 'questionable' a report released by a German aviation think-tank ranking it as the third worst airline among 60 global carriers in terms of safety."The ratings arrived at by the Jet Airliner Crash Data Evaluation...

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Crisil downgrades Bharti Airtel credit ratings

Rating agency Crisil has downgraded telecom major Bharti Airtel's rating after the government imposed a one-time fee for spectrum it holds beyond a threshold. "CRISIL has downgraded its ratings on Bharti Airtel long-term debt programmes and bank facilities...

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Ceat forms JV with Bangladesh co; to invest USD 67 million

RPG Group's tyre-making arm Ceat today announced formation of a joint venture company with the Bangladesh-based AK Khan & Company to set up a manufacturing facility in the neighbouring country.The facility, which will come up at the investment of...

21.03 | 0 komentar | Read More

Hero Moto yet to break deadlock with workers

Hero MotoCorp , world's largest two-wheeler maker continues to have labour trouble as wage negotiations between the management and the workers failed to break the deadlock. After the union members meeting on Tuesday, some of the workers of the Dharuhera...

21.03 | 0 komentar | Read More

Air India trashes report ranking its safety amongst worst

National carrier Air India today termed as 'questionable' a report released by a German aviation think-tank ranking it as the third worst airline among 60 global carriers in terms of safety."The ratings arrived at by the Jet Airliner Crash Data Evaluation...

21.03 | 0 komentar | Read More

Crisil downgrades Bharti Airtel credit ratings

Rating agency Crisil has downgraded telecom major Bharti Airtel's rating after the government imposed a one-time fee for spectrum it holds beyond a threshold. "CRISIL has downgraded its ratings on Bharti Airtel long-term debt programmes and bank facilities...

21.03 | 0 komentar | Read More

Ceat forms JV with Bangladesh co; to invest USD 67 million

RPG Group's tyre-making arm Ceat today announced formation of a joint venture company with the Bangladesh-based AK Khan & Company to set up a manufacturing facility in the neighbouring country.The facility, which will come up at the investment of...

21.03 | 0 komentar | Read More

Expect Etihad to increase stake, delist Jet Airways: CAPA

Kapil Kaul, CEO-South Asia, Centre for Asia Pacific Aviation (CAPA) estimates, on CNBC-TV18, that Etihad may increase its stake to 49 percent in Jet Airways and delist the airline to avoid following the mandated procedures involved in a company listed...

21.03 | 0 komentar | Read More

Hero Moto yet to break deadlock with workers

Hero MotoCorp , world's largest two-wheeler maker continues to have labour trouble as wage negotiations between the management and the workers failed to break the deadlock. After the union members meeting on Tuesday, some of the workers of the Dharuhera...

21.03 | 0 komentar | Read More

Puravankara sees Rs 250cr sales from new project at B'lore

Realty firm Puravankara Projects Ltd said it is expecting revenue of over Rs 250 crore from its new luxury housing project in Bangalore. The company will develop more than 300 units in this project. The price has been fixed at around Rs 7,000/sq ft....

21.03 | 0 komentar | Read More

Sesa Goa defers 10-25% of salaries from January

Vedanta group firm Sesa Goa has deferred 10-25 per cent of salaries to its senior employees as it grapples with huge erosion in sales and profits on account of ban on mining in Goa and Karnataka, a top company official said today.From January 1, payment...

21.03 | 0 komentar | Read More

Sesa Goa to start Liberia iron ore output early 2014

Iron ore miner Sesa Goa Ltd expects to start production at its mine in Liberia in early 2014, as it seeks to offset the impact of mining bans at home.India was once the world's third-biggest exporter of iron ore, mainly to China. Sesa Goa, owned by Vedanta...

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NTPC's $2 billion share sale likely on February 7: Sources

The government's share sale in state-run power producer NTPC to raise roughly USD 2 billion is likely to take place on February 7, three sources with direct knowledge of the situation said on Friday.The government, which owns 84.5 percent of NTPC, plans...

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Budget 2013-14: Steps be taken to widen tax base, says India Ratings' Pant

By Devendra Kumar PantChief Economist, India RatingsThe FY14 budget will be presented in the backdrop of the most uncertain global economic situation in recent times. Global growth has remained fragile and likely to remain so during most of 2013-14. ...

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CCI report on complaints against coal firms in 45 days

Fair trade regulator Competition Commission of India (CCI) today said the report of probe into alleged abuse of market dominance by CIL and its two  subsidiaries will be ready in the next 45 days. Maharashtra State Power Generation Company...

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Court halts airwave surcharge demand on Idea Cellular

The Bombay High Court has asked the government to not take any coercive action against Idea Cellular Ltd until March 1 on a demand to pay surcharges on airwaves, the mobile phone operator said on Thursday.Idea, the country's No.3 mobile phone carrier...

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IVRCL baffled at over 20% stock crash; says everything okay

Shares of infrastructure company IVRCL were hammered following allegations of foul play by family members of a consultant who was murdered while on a NHAI project being executed by an IVRCL arm.Speaking to CNBC-TV18, S Ramachandran, director of IVRCL...

21.03 | 0 komentar | Read More

Sebi penalises individual for violating broker norms

Sebi has imposed a total penalty of Rs 5 lakh on an individual for allegedly violating broker norms and not furnishing information to the market regulator in a case relating to trading of Sumeet Industries shares.Securities and Exchange Board of India...

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DGCA to look into tariff structure of Indian carriers

DGCA would look into the tariff structure of Indian airlines in view of the wide range of the base prices of air tickets, after the Supreme Court observed that the price bands were too wide and directed it to examine the matter.Efforts would be made...

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Tata Power looking for more hydro projects

Tata Power is actively looking at opportunities to develop hydro projects as part of efforts to boost its renewable energy portfolio which is expected to make up about one-fourth of its overall generation capacity by 2020.The country's largest private...

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AC mkt has been stagnant for past 2-3 years: LG officials

Slowing down of the economy and delay in real estate projects are among the reasons that have led to stagnation in the air conditioner market for the past few years, top officials of consumer durables manufacturer LG India said today."The market has...

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Investment in commercial realty to touch $1tn by 2030: JLL

Investors are increasingly putting in more capital into commercial real estate, particularly in the Asia Pacific region and direct investments in this segment are likely to more than double to USD 1 trillion by 2030, says a Jones Lang LaSalle report. Investors...

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Govt constitutes GoM to review urea pricing policy

Facing a mounting subsidy burden and imbalanced use of fertilisers, government has constituted a Group of Ministers (GoM), which is likely to be headed by Agriculture Minister Sharad Pawar to look into urea pricing.Apart from Pawar, the GoM will include...

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OilMin for doubling gas price to $8-8.5 per mmBtu

Oil Ministry has moved a Cabinet note for nearly doubling the price of natural gas produced by state-owned ONGC and OIL to USD 8-8.5 per million British thermal unit in the current year itself and for Reliance Industries from April 2014.The Ministry...

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IT industry concerned over property tax hike proposal

Concerned over the proposed steep upward revision of property tax on them, IT companies here are expected to meet senior state government officials within a couple of days over the issue.    The Chennai Corporation Council passed...

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RIL gas output falls to all time low

Reliance Industries has shut its eighth well on the main gas fields in KG-D6 block, leading to output plummeting to all time low of 20.88 mmscmd.RIL, on January 9, shut the well B6 on the main producing fields of Dhiburbhai-1 and 3 (D1&D3) in Krishna...

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KFA needs at least Rs 10 bn to restart operations: Minister

Grounded carrier Kingfisher Airlines needs at least 10 billion rupees to restart operations, aviation minister Ajit Singh told reporters on Tuesday.All stakeholders will have to give no-objection certificates for the carrier to fly again, he said. Earlier,...

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Mumbai, Delhi realty prices fell in Dec: Property Index

Moneycontrol BureauRealty prices in Mumbai fell by 2.4 percent in December followed by a minor drop of 0.9 percent in Delhi, an all-India property index showed. According to the Makaan.com Property Index (MPI), although the overall drop was not significant,...

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Kingfisher should infuse Rs 2,000 cr for revival: SBI chief

Kingfisher Airlines needs to invest at least Rs 2,000 crore to restart its operations, said one of its lender SBI 's Chairman Pratip Chaudhuri.SBI is the lead banker in the 17-lender consortium that extended Rs 7,000 crore loans to the now grounded Kingfisher...

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