- Hindalco Industries' Rs 75-bln Odisha alumina refinery to commission … Contify Investment - Sat 19 May, 2012 5:00 PM IST
Mumbai: The world's largest aluminium-maker Hindalco Industries Ltd plans to commission its 1.5 million tonnes per annum (mtpa) alumina refinery in Odisha state by January 2013, the Reuters reported citing ...
- Aditya Birla Group to buy 27.5% equity stake in Living Media … Contify Investment - Sat 19 May, 2012 1:50 PM IST
New Delhi: India's diversified business conglomerate Aditya Birla Group said it has agreed to acquire 27.5% equity stake in Living Media India Ltd, the holding firm of media giant India Today Group, without ...
- Tata Steel Q4 net falls 95% on-yr to Rs 2 bln on tepid income … Contify Investment - Fri 18 May, 2012 10:54 PM IST
New Delhi: The world's seventh largest steel-maker Tata Steel Ltd's fiscal fourth quarter (January-March) consolidated net profit fell 95.1% on-year to Rs 2.03 billion on account of an exceptional gain ...
- NTPC aims to spend Rs 209 bln towards capital expenditure in … Contify Investment - Fri 18 May, 2012 10:54 PM IST
New Delhi: India's largest power producer NTPC Ltd plans to invest Rs 209 billion towards capital expenditure in the current financial year 2012-13, media reports said, citing Chairman Arup Roy Choudhury ...
- Patni Computer shares to delist from NSE on May 21 Contify Investment - Fri 18 May, 2012 8:19 PM IST
Mumbai: The Nasdaq-listed software company iGate Corp's Indian unit Patni Computer Systems Ltd will delist from the National Stock Exchange (NSE) of India Ltd on May 21."Securities of Patni Computer ...
- Kingfisher Airlines owes Rs 2.69 bln to income tax dept: junior … Contify Investment - Fri 18 May, 2012 8:19 PM IST
New Delhi: India's cash-deficit carrier Kingfisher Airlines Ltd owes Rs 2.69 billion to the income tax department, which has begun penalty and prosecution proceedings against the Vijay Mallya-led struggling ...
- L&T Construction secures orders worth Rs 25.92 bln Contify Investment - Fri 18 May, 2012 8:19 PM IST
New Delhi: India's engineering and construction major Larsen & Toubro Ltd (L&T) Friday said its construction arm L&T Construction has bagged new orders worth Rs 25.92 billion so far in the first quarter ...
- DLF hopes to close deal to divest stake in Amanresorts soon: … Contify Investment - Fri 18 May, 2012 8:19 PM IST
New Delhi: India's largest real estate developer DLF Ltd is in advanced stage of talks with some potential buyers to sell its stake in hospitality arm Amanresorts and hopes to close the deal soon, media ...
- Suzlon Energy in advanced stage to raise up to $300 mln; seeks … Contify Investment - Fri 18 May, 2012 8:19 PM IST
New Delhi: India's largest wind turbine manufacturer Suzlon Energy Ltd Friday said it is in advanced stage to mobilize up to $300 million via new borrowing facilities to refinance foreign currency convertible ...
- Bharti Airtel cuts 3G data prices by about 70% to boost dema … Contify Investment - Fri 18 May, 2012 5:45 PM IST
New Delhi: India's largest telecommunication services provider Bharti Airtel Ltd has reduced third generation (3G) data prices by about 70% under some plans to boost demand of the service."Volume ...
- Godrej Consumer weighs acquisition options to foray into new … Contify Investment - Fri 18 May, 2012 5:45 PM IST
New Delhi: India's fast moving consumer goods major Godrej Consumer Products Ltd is exploring acquisition opportunities to foray into new segments like oral care, media reports said, citing Chairman Adi ...
- Decision on FDI by foreign airlines into Indian carriers in next … Contify Investment - Fri 18 May, 2012 3:27 PM IST
New Delhi: The Indian government is expected to take a final decision on allowing foreign direct investment (FDI) by overseas carriers in domestic airlines in the next couple of weeks, the CNBC TV-18 reported, ...
- Volkswagon AG puts Rs 20-bln investment plan in India on hold … Contify Investment - Fri 18 May, 2012 3:27 PM IST
New Delhi: Europe's largest car-maker Volkswagon AG said it has put on hold its proposed Rs 20 billion investment plan in India as the VAT (value-added tax) refund issue with the state government of Maharashtra ...
- Delhi High Court warns Air India pilots of contempt action if … Contify Investment - Fri 18 May, 2012 3:27 PM IST
New Delhi: The Delhi High Court has warned the Air India pilots of contempt action if they "willfully and flagrantly" disobeyed court orders and didn't call off their "illegal" stir ...
- Koutons Retail India aims to raise $200 mln via preferential … Contify Investment - Fri 18 May, 2012 3:27 PM IST
New Delhi: Debt-ridden apparel retailer Koutons Retail India Ltd intends to raise up to $200 million (nearly Rs 10.9 billion) by issuing preferential shares to promoters and other investors through various ...
- Bajaj Auto to maintain margins at 20% in FY13; eyes around 26% … Contify Investment - Thu 17 May, 2012 11:45 PM IST
New Delhi: India's second largest two-wheeler maker Bajaj Auto Ltd hopes to maintain margins at 20% in the current financial year 2012-13 and aims to garner a market share of around 26% in May, Managing ...
- Coal India enters into fuel supply pacts with 14 power produ … Contify Investment - Thu 17 May, 2012 11:45 PM IST
New Delhi: The world's largest coal producer Coal India Ltd (CIL) has signed fuel supply agreements (FSAs) with 14 power producers so far, while some of them have refused to enter into pacts citing objections ...
- GMR Infrastructure raises Rs 2 bln via issue of non-convertible … Contify Investment - Thu 17 May, 2012 11:45 PM IST
Mumbai: Indian infrastructure developer GMR Infrastructure Ltd said it has raised Rs 2 billion via allotment of secured non-convertible debentures (NCDs) to the country's largest private sector lender ...
- Bajaj Finserv to raise Rs 10 bln via issuance of securities in … Contify Investment - Thu 17 May, 2012 11:45 PM IST
New Delhi: India's financial services provider Bajaj Finserv Ltd said it has received approval from its board to raise Rs 10 billion in the current financial year 2012-13 through issue of various securities.The ...
- Cox & Kings gets board OK to raise $140 mln from institutional … Contify Investment - Thu 17 May, 2012 11:45 PM IST
New Delhi: India's tour and travel service provider Cox & Kings Ltd said it has received approval from its board to garner up to $140 million from an institutional investor for its UK-based subsidiary.The ...
- Vedanta Resources still in talks with Indian govt for stake buy … Contify Investment - Thu 17 May, 2012 11:45 PM IST
New Delhi: London-listed metals and mining major Vedanta Resources Plc is still holding discussions with the Indian government to acquire the latter's residual equity stake in Hindustan Zinc Ltd and Bharat ...
- South Korea's Posco slashes capacity of Odisha steel plant to … Contify Investment - Thu 17 May, 2012 11:45 PM IST
Bhubneshwar: The world's third largest steelmaker Posco has downsized the capacity of the proposed 12 million tonnes per annum (MTPA) steel plant near Paradip in the Odisha state to 8 MTPA, which had been ...
- Govt to spend about Rs 734 bln on various projects in port sector … Contify Investment - Thu 17 May, 2012 11:45 PM IST
New Delhi: India's Ministry of Shipping plans to infuse Rs 737.94 billion towards the development of various projects in the port sector as part of the 12th Five Year Plan Period (2012-17), which began ...
- Mahindra Satyam's Jan-Mar net profit at Rs 5.34 bln on higher … Contify Investment - Thu 17 May, 2012 11:45 PM IST
New Delhi: Indian software services provider Mahindra Satyam, a part of the diversified Mahindra group, Thursday reported net profit of Rs 5.34 billion in the fiscal fourth quarter (January-March), against ...
- KG-D6 block founder Ravi Narayan Bastia leaves Reliance Indu … Contify Investment - Thu 17 May, 2012 5:11 PM IST
New Delhi: Ravi Narayan Bastia, who discovered the country's largest offshore energy field D6 at the Krishna-Godavari (KG-D6) basin, has left Reliance Industries Ltd (RIL), media reports said Thursday, ...
- Bajaj Auto's Jan-Mar net profit slumps 45% on-yr to Rs 7.72 … Contify Investment - Thu 17 May, 2012 5:11 PM IST
New Delhi: India's second largest two-wheeler maker Bajaj Auto Ltd Thursday said its fiscal fourth quarter (January-March) standalone net profit fell by 45% on-year to Rs 7.72 billion, as the company reported ...
- Govt pushes more unlisted state-run firms to list on stock e … Contify Investment - Thu 17 May, 2012 5:11 PM IST
New Delhi: The Indian government is actively pursuing disinvestment in the unlisted central public sector enterprises (CPSEs) and has sought help from the financial advisers on their boards to get these ...
- Vodafone court ruling could have cost govt Rs 400-500 bln in … Contify Investment - Thu 17 May, 2012 4:00 PM IST
New Delhi: The Indian government would have had to return Rs 400-500 billion to companies that paid taxes on Vodafone-Hutchison like transactions had the government not made retrospective clarificatory ...
- Competition watchdog OKs Nippon Life's offer to buy 26% in Reliance … Contify Investment - Thu 17 May, 2012 9:45 AM IST
New Delhi: The Competition Commission of India (CCI) has cleared the proposal of the Japan-based insurer Nippon Life Insurance Co to acquire 26% equity stake in Reliance Capital Asset Management Ltd, the ...
- Aditya Birla Nuvo aims to invest Rs 6.5 bln towards capital expenditure … Contify Investment - Thu 17 May, 2012 9:45 AM IST
New Delhi: India's diversified business conglomerate Aditya Birla Nuvo Ltd plans to invest Rs 6.5 billion towards capital expenditure in the current fiscal 2012-13, Chief Financial Officer Sushil Agarwal ...
- Aditya Birla Nuvo aims to invest Rs 6.5 bln towards capital expenditure … Contify Investment - Wed 16 May, 2012 7:02 PM IST
New Delhi: India's diversified business conglomerate Aditya Birla Nuvo Ltd plans to invest Rs 6.5 billion towards capital expenditure in the current fiscal 2012-13, Chief Financial Officer Sushil Agarwal ...
- Competition watchdog OKs Nippon Life's offer to buy 26% in Reliance … Contify Investment - Wed 16 May, 2012 7:02 PM IST
New Delhi: The Competition Commission of India (CCI) has cleared the proposal of the Japan-based insurer Nippon Life Insurance Co to acquire 26% equity stake in Reliance Capital Asset Management Ltd, the ...
- Reliance Industries expects to launch 4G broadband services by … Contify Investment - Wed 16 May, 2012 7:02 PM IST
New Delhi: India's largest business conglomerate Reliance Industries Ltd expects to launch high speed wireless broadband services -- loosely termed 4G (fourth generation) services -- by 2012-end, web portal ...
- India's Essar Energy refinances $450 mln bridge loan Contify Investment - Wed 16 May, 2012 7:02 PM IST
New Delhi: The London-listed Essar Energy Plc, a subsidiary of India's Essar Group, said it has replaced its $450 million bridge (short-term) loan, due for repayment in December 2012, with $300 million ...
- Ajit Singh says pilots' agitation cost Air India Rs 1.5 bln; … Contify Investment - Wed 16 May, 2012 5:24 PM IST
New Delhi: The ongoing stir by Air India pilots has cost the company Rs 1.5 billion in revenue, civil aviation minister Ajit Singh said, as he appealed to the striking pilots to end their agitation, assuring ...
- Axiata may not make fresh fund infusion in Idea if govt OKs TRAI's … Contify Investment - Wed 16 May, 2012 5:24 PM IST
New Delhi: Asian telecom giant Axiata Group Bhd may not make fresh equity infusion in India's fourth largest cellular services provider Idea Cellular Ltd if the government agrees to the telecom regulator's ...
- India's outbound FDI rises nine-fold to $72 bln over 5 yrs till … Contify Investment - Wed 16 May, 2012 5:24 PM IST
New Delhi: The outbound Foreign Direct Investment (FDI), comprising equity, loan and guarantee, made by Indian companies surged nine-fold to over $72.04 billion during 2005-2006 to 2009-10 from $7.21 billion ...
- Piramal Healthcare to buy US-based Decision Resources Group for … Contify Investment - Wed 16 May, 2012 2:25 PM IST
New Delhi: Indian pharmaceutical major Piramal Healthcare Ltd Wednesday said that it has decided to acquire the US-based healthcare data provider Decision Resources Group (DRG) for $635 million, as part ...
- Bharti Airtel shares tank on money laundering probe, but recover … Contify Investment - Tue 15 May, 2012 8:45 PM IST
New Delhi: India's largest telecommunication services provider Bharti Airtel Ltd's shares fell about 5% during trade on Tuesday after the government said that the Directorate of Enforcement is investigating ...
- Aviation Min: To take action if agitating Air India pilots falsely … Contify Investment - Tue 15 May, 2012 8:25 PM IST
Mumbai: Civil aviation minister Ajit Singh today said that aviation regulator will take action against striking Air India Ltd's pilots if they are found to be making false claims for not reporting to work, ...
- NTPC to sign fuel pacts only with revised 80% trigger level but … Contify Investment - Tue 15 May, 2012 8:25 PM IST
New Delhi: India's largest power producer NTPC Ltd will sign fuel supply agreements (FSAs) with Coal India Ltd having the revised trigger point at 80% but not with other changes, including the 0.01% penalty ...
- Telecom Commission to meet on May 24 to discuss TRAI's recos … Contify Investment - Tue 15 May, 2012 4:09 PM IST
New Delhi: The Telecom Commission, the highest telecom policy decision-making body of the Indian government, will meet on May 24 to discuss the proposals of sector regulator on auction of second generation ...
- India's JSW Steel to spend Rs 60 bln in FY13 to expand capacity: … Contify Investment - Tue 15 May, 2012 1:37 PM IST
New Delhi: India's third largest steel-maker JSW Steel Ltd will spend Rs 60 billion towards capital expenditure in the current financial year 2012-13, to expand capacity, the company's Joint Managing Director ...
- Pantaloon Retail to transfer entire 53.67% stake in Future Capital … Contify Investment - Tue 15 May, 2012 1:37 PM IST
New Delhi: India's largest retail chain Pantaloon Retail (India) Ltd, controlled by Kishore Biyani's Future Group, will transfer its entire 53.67% stake in Future Capital Holdings Ltd to its subsidiary ...
- Rashtriya Ispat Nigam's initial public offer may hit market on … Contify Investment - Mon 14 May, 2012 9:46 PM IST
New Delhi: India's state-run steel-manufacturer Rashtriya Ispat Nigam Ltd's (RINL) proposed initial public offering (IPO) may be launched on July 3, commencing the government's Rs 300 billion divestment ...
- India Yamaha Motor to infuse Rs 15 bln to set up new two-wheeler … Contify Investment - Mon 14 May, 2012 9:46 PM IST
New Delhi: India Yamaha Motor Pvt Ltd, the Indian unit of Japanese two wheeler major Yamaha Motor Co Ltd, plans to infuse Rs 15 billion in a new two wheeler plant in Chennai, Tamil Nadu, over the next ...
- Ashok Leyland Nissan Vehicles to spend Rs 41.5 bln to set up … Contify Investment - Mon 14 May, 2012 9:46 PM IST
New Delhi: Ashok Leyland Nissan Vehicles Pvt Ltd, a joint venture (JV) between Hinduja Group's flagship company Ashok Leyland and Japanese auto major Nissan Motor Co Ltd, Monday signed a memorandum of ...
- NTPC may fail to add 12,500-MW capacity due to coal supply issues: … Contify Investment - Mon 14 May, 2012 9:46 PM IST
New Delhi: India's largest power producer NTPC Ltd may fail to add at least 12,500 megawatt (MW) power generation capacity, if issues related to coal supply are not sorted out in the next few months, Chairman ...
- Disinvestment dept asks small state-run cos to hit capital mkt; … Contify Investment - Mon 14 May, 2012 9:46 PM IST
New Delhi: India's Department of Disinvestment (DoD) has asked small public sector companies to offload over 10% stake through initial public offerings (IPO), the Press Trust of India reported, citing ...
- L&T's Jan-Mar net grows 13.6% on-yr to Rs 19.2 bln on lower tax … Contify Investment - Mon 14 May, 2012 7:45 PM IST
New Delhi: India's largest engineering and construction firm Larsen & Toubro Ltd's (L&T) fiscal fourth quarter (January-March) standalone net profit grew by 13.6% to Rs 19.2 billion from Rs 16.9 billion ...