Gulf Oil's RoE to be 30-35%: PBT to touch Rs 140cr in FY15

The Hinduja Group-owned Gulf Oil Corporation  on Thursday demerged its lubricants business to Gulf Oil Lubricants India Ltd and listed the latter as a separate entity on both domestic stock exchanges under the 'Gulf Oil' brand. Sanjay Hinduja,...

21.03 | 0 komentar | Read More

Cipla, BioQuiddity ink pact to sell pain management product

The pact between Cipla Europe (CE) NV, the company's wholly owned arm, and BioQuiddity Inc will cover countries in Europe, the company said in a statement. Pharmaceutical firm Cipla  today announced a partnership with US-based BioQuiddity Inc...

21.03 | 0 komentar | Read More

IOB to raise $500 million through overseas bond sale

State-owned lender Indian Overseas Bank (IOB) announced here today that it plans to raise USD 500 million through a medium-term bond sale shortly. The bank has already received approval to raise up to USD 1 billion from its board. State-owned lender ...

21.03 | 0 komentar | Read More

FDA raises concern over drug production process at Cadila

The FDA has not expressed concerns over the entire facility, said the sources. The US agency communicated its concern to Cadila in a Form 483, a letter in which the agency typically outlines violations of standard manufacturing practices. The US Food...

21.03 | 0 komentar | Read More

JSW Steel to increase capacity to 40 mn tonnes by 2025

Steel major JSW Steel  today said it has prepared a blue print to increase overall steel capacity to 40 million tonnes per annum by 2025 in order to retain market share of 13-14 percent. The company has installed capacity of 14.3 million tonnes....

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Why Vishal Sikka wants to make Infosys more process-driven

Infosys on Wednesday held an extraordinary general meeting to bid farewell to SD Shibulal and Kris Gopalakrishnan as shareholders of the company also approved the appointment of Sikka as the new CEO. It's time for Infosys  to move from the founders'...

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Race for Grosvenor House

Subrata Roy gets ready to sell Sahara's priced overseas assets, vaccine king Cyrus Poonawalla submits 550 million pound bid for the landmark Grosvenor House in London. This on the same week the SC asked Tihar Jail if it is ready to grant facilities like...

21.03 | 0 komentar | Read More

Gera's song of joy in Pune

This week in the launch-pad segment, Prime Property puts the spotlight on the Pune based Gera Developers new child-centric homes located in Gera's home cities & in Bangalore, these are not merely cartoon themed bedrooms & parks but go beyond...

21.03 | 0 komentar | Read More

Here's what transpired at the Mint Budget Conclave

The eminent panelist at the Mint Budget Conclave discussed about the Budget in detail, comparing today's India to the India in 1991. The eminent panelist at the Mint Budget Conclave discussed about the Budget in detail, comparing today's India to...

21.03 | 0 komentar | Read More

Temasek bullish on India, sees e-comm mkt grow 6x in 4 yrs

The 180 billion dollar Singapore-based investment fund Temasek is positive on India and is betting big on the e-commerce space. The fund recently invested in e-tailer, Snapdeal and expects the e-commerce market to grow six times in terms of transaction...

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CoalMin to review status of formation of JV, SPV next week

Kick-starting the process of coal blocks allocation, the government had last year allocated 17 coal mines - 14 to power and 3 to mining public sector undertakings (PSUs). The Coal Ministry has convened a meeting next week to review the progress on...

21.03 | 0 komentar | Read More

Flipkart raises USD 1bn funding; drops plans to go public

India's largest e-Commerce firm Flipkart today said it has raised USD 1 billion (over Rs 6,000 crore) in fresh funding from a group of investors, the largest so far in the fiercely competitive online shopping segment in the country. The company did...

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Future Retail files papers for Rs 1,600 cr rights issue

As per the draft letter of offer of Future Retail filed with Sebi, the company would issue certain classes of shares to its public shareholders on a rights basis. Kishore Biyani-promoted  Future Retail has filed initial papers with market regulator...

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New Jaguar XE sedan to make global debut in September

The Jaguar XE will use a new grade of high strength aluminium called 'RC 5754', which has been developed specifically for the XE, the company said in a statement. Tata Motors -owned Jaguar Land rover will hold the global premiere of the new Jaguar...

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AP govt gives nod to LNG Terminal at Gangavaram Port

Petronet is a Joint Venture set up by GAIL (India) Ltd ONGC, Indian Oil Corporation Ltd and Bharat Petroleum Corporation Ltd to import LNG and set up LNG terminals in the country with an authorised capital is Rs 1,200 crore (USD 240 million). The...

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Tata Crucible Campus Quiz: West Zone Finals

Find out which of the eight teams won the Western Zonal Finals of the Tata Crucible Campus Quiz 2014. Find out which of the eight teams won the Western Zonal Finals of the Tata Crucible Campus...

21.03 | 0 komentar | Read More

No proposal for merger of United Bank with IDBI Bank

Both the banks are public sector entities with government of India having 76.50 percent and 89.47 percent stake in IDBI Bank and United Bank of India respectively. State-owned IDBI Bank  today said it is not considering any proposal to merge...

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Ankit Metal okays debt recast; promoter infuses Rs 30-35cr

Ankit Metal and Power has approved a debt recast package with the promoters deciding to infuse upfront equity to the tune of Rs 30-35 crore. Currently we are paying close to 14 percent interest cost and it should come down to about 11 percent. Ankit...

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Bharti Airtel crosses 300mn customers milestone

Bharti Airtel is the largest telecom company in India by customers as well as revenue and was the first in the country to launch 4G services in 2012. India's largest telecom firm  Bharti Airtel on Monday said it has crossed 300 million customers...

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Amway India MD CEO William Pinckney released on bail

Direct-selling company Amway India Monday said its MD and CEO William S Pinckney has been released on bail, two months after his arrest by Andhra Pradesh Police in connection with criminal cases registered against the firm in the state. A spokesperson...

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Coal India undermined by basic equipment flaws

As Prime Minister Narendra Modi's government looks to shape up  Coal India Ltd for a potential major restructuring, the world's biggest coal miner still faces basic problems: it does not have enough mechanical shovels, dumpers and explosives. The...

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RBI penalises ICICI Bank, Canara Bank, Yes Bank 9 others

The Reserve Bank said it had "carried out a scrutiny of the loan and current accounts of Deccan Chronicle Holdings, in certain branches of the 12 banks in late 2013". Based on the findings of the scrutiny, the RBI issued showcause notices to these banks...

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Tata-SIA flying permit exercise progressing well: Official

According to documents submitted to aviation regulator DGCA, it plans to begin services in five cities and go up to 11 within a year of operations. The airline would have 87 weekly flights, linking Delhi with Mumbai, Goa, Bangalore, Hyderabad, Ahmedabad,...

21.03 | 0 komentar | Read More

Tremendous mood swing, positivity on Modi govt: Indian CEOs

In his remarks, Chandrajit Banerjee, Director General, CII also appreciated the government's vision and receptivity to new ideas and thoughts, especially from industry. After the formation of the Narendra Modi government, there is a tremendous mood...

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Rel Power submits information on Sasan expansion to EAC

In its June 27 meeting to consider proposal for Moher and Moher Amlori coal mine capacity expansion, the Expert Appraisal Committee (EAC) had sought additional information from the company. Reliance Power  has submitted additional information...

21.03 | 0 komentar | Read More

RBI penalises ICICI Bank, Canara Bank, Yes Bank 9 others

The Reserve Bank said it had "carried out a scrutiny of the loan and current accounts of Deccan Chronicle Holdings, in certain branches of the 12 banks in late 2013". Based on the findings of the scrutiny, the RBI issued showcause notices to these banks...

21.03 | 0 komentar | Read More

Coal India undermined by basic equipment flaws

As Prime Minister Narendra Modi's government looks to shape up  Coal India Ltd for a potential major restructuring, the world's biggest coal miner still faces basic problems: it does not have enough mechanical shovels, dumpers and explosives. The...

21.03 | 0 komentar | Read More

Tata-SIA flying permit exercise progressing well: Official

According to documents submitted to aviation regulator DGCA, it plans to begin services in five cities and go up to 11 within a year of operations. The airline would have 87 weekly flights, linking Delhi with Mumbai, Goa, Bangalore, Hyderabad, Ahmedabad,...

21.03 | 0 komentar | Read More

Tremendous mood swing, positivity on Modi govt: Indian CEOs

In his remarks, Chandrajit Banerjee, Director General, CII also appreciated the government's vision and receptivity to new ideas and thoughts, especially from industry. After the formation of the Narendra Modi government, there is a tremendous mood...

21.03 | 0 komentar | Read More

Rel Power submits information on Sasan expansion to EAC

In its June 27 meeting to consider proposal for Moher and Moher Amlori coal mine capacity expansion, the Expert Appraisal Committee (EAC) had sought additional information from the company. Reliance Power  has submitted additional information...

21.03 | 0 komentar | Read More

Will TVS be able to hold on to Bajaj lead?

Moneycontrol Bureau As June sales numbers trudged out, it emerged that  TVS Motor had overtaken Bajaj Auto as India's third-largest domestic two-wheeler maker.Between April and June, TVS sold 5.1 lakh units domestic sales while Bajaj's local...

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Escorts ties-up with LT Finance for vehicle loan

Escorts has tied up with L&T Finance to provide loan for buying tractors. The company has inked a preferred financier agreement with L&T Finance to provide loans to tractor customers across the country. Tractor maker Escorts  has tied...

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Why Jaypee may be better off after Taqa sale call-off

With investor sentiment marking a stark improvement since the storming to power of the Narendra Modi-led BJP, Jaypee could now garner an even higher amount for the sale. Moneycontrol BureauOn Thursday, the  Jaiprakash Power announced that a deal...

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ICICI Bank to raise Rs 500 cr in bonds: Sources

The bond sale comes on the heels of the Reserve Bank of India's announcement last week allowing bonds sold by lenders to be exempt from mandatory reserve requirements if the proceeds are lent to the infrastructure sector. ICICI Bank  is expected...

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Confident this will be a year of robust growth: Firstsource

In an interview to CNBC-TV18's Reema Tendulkar and Nigel D'Souza, Sanjiv Goenka, Chairman,  Firstsource Solutions spoke about his plans and outlook for the company.  Below is a verbatim transcript of the interviewReema: Every quarter we look...

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Mobile services mkt in India to be $19.2bn in 2014: Gartner

The number of mobile connections in India is expected to grow by 8 percent to touch 815 million this year, even as the market is expected to remain at almost the same level as last year - at USD 19.2 billion, research firm Gartner said. The mobile user...

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JSW Energy close to buying Lanco's Udupi power plant

The deal, which is at advanced stages of negotiation, would involve JSW Energy taking over more than Rs 4,000 crore debt associated with the imported coal-fired Udupi plant, they said. JSW Energy  is close to acquiring Lanco Infratech 's 1,200...

21.03 | 0 komentar | Read More

Power projs worth Rs 36,000 cr stranded on coal shortages

Power projects worth over Rs 36,000 crore and having total generation capacity of 7,230 MW are stranded due to shortage of coal, the government said today. Efforts are being made for supplying adequate coal to power projects, the government also said. ...

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Vedanta loan at floating rate of 3% plus LIBOR: Cairn

Cairn said the money has been lent on commercial terms. Cairn India  has decided to extend its loan of about USD 1.2 billion for the period of 2 years to its parent Vedanta. This intra-corporate transaction has raised many eyebrows. Concerns...

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Ranbaxy inks pact with Cipher to sell acne drug in Brazil

The licensing agreement extends Ranbaxy's current relationship with Cipher, under which it is marketing isotretinoin capsules in the US under the brand 'Absorica', Ranbaxy Laboratories said in a statement. Drug major  Ranbaxy today said it has...

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