Financial bid for Vizhinjam Port to open on Monday
Submitted by admin on Sat, 02/04/2012 - 10:37The financial bid to select the operator for the Vizhinjam International Container Transhipment Port will be opened on Monday.The government had earlier approved the technical bids of the c...
Two directors in Infosys switch roles
Submitted by admin on Sat, 02/04/2012 - 10:21Infosys announced on Friday that two directors of the company, B. G. Srinivas, Global Head of the Manufacturing and Engineering Business, and Ashok Vemuri, Global Head of Financial Services and In...
Sistema on rating watch
Submitted by admin on Sat, 02/04/2012 - 10:22Crisil has put Sistema Shyam Teleservices on ‘a rating watch with negative implications'. The impact of the verdict on Sistema “is severe as its licences have been cancelled in 21 circles,”...
Piramal to double stake in Vodafone
Submitted by admin on Sat, 02/04/2012 - 12:14The buy will take Piramal's stake to 11 per cent
Winds of change in Indian AC scene
Submitted by admin on Sat, 02/04/2012 - 10:41The Indian air-conditioner (AC) market is undergoing a metamorphosis. The market is now moving towards split ACs.Five years ago, window ACs dominated the market with a share of 70 per cent....
NMDC on acquisition mode
Submitted by admin on Sat, 02/04/2012 - 10:45NMDC plans to spend Rs.30,000 crore during the XII Plan to expand operations, including acquisitions within the country and abroad.With reserves of Rs.18,000 crore now and planning to add...
IT notices absurd, feels Mahindra Satyam
Submitted by admin on Sat, 02/04/2012 - 10:43Mahindra Satyam feels that the notices slapped by the Income-tax Department attaching its properties, including Info City where it is headquartered as “absurd”.“Fictitious accounts and infl...
Gold prices fall sharply by Rs 600, silver plunges Rs 1,590
Submitted by admin on Sat, 02/04/2012 - 03:41Prices of gold tumbled by Rs 600 while silver fell sharply by Rs 1,590 a kg on the bullion market here on Saturday due to heavy selling by stockists which took cues from weak global markets.
Post-verdict, poaching a worry for telecom firms
Submitted by admin on Fri, 02/03/2012 - 13:43Ad war to woo subscribers in circles where 122 licences are cancelled
No evidence to show Praful took bribe, says scribe
Submitted by admin on Fri, 02/03/2012 - 13:27A Canadian journalist, who reported on bribery charges levelled against Union Minister Praful Patel, on Friday said there was no evidence to show that he took a bribe.
In a series of twee...
Larger panel to validate RIL's FDP mooted
Submitted by admin on Fri, 02/03/2012 - 10:32The Directorate-General of Hydrocarbons (DGH) has rejected the international panel agencies for “third party validation” of the capex of Reliance Industries' $1,529 million field development plan...
Uninor, Sistema for review of Supreme Court order
Submitted by admin on Fri, 02/03/2012 - 05:41Leading foreign telecom giants —Telenor of Norway and Sistema of Russia — on Friday asserted that they would take legal measures to protect their investments in Indian operations with one of them...
Madras Cements profit rises 77 %
Submitted by admin on Fri, 02/03/2012 - 09:59The net profit of Madras Cements for the quarter ended December 31, 2011 has increased by 77 per cent to Rs. 76.84 crore from Rs. 43.48 crore. According to a release, net sales have risen to Rs. 7...
No soft loans to kins of bank directors: RBI
Submitted by admin on Fri, 02/03/2012 - 10:03The ‘concessional window' is off. Relatives of directors of commercial banks won't be able to avail themselves of concessional loans henceforth. The Reserve Bank of India has said that restriction...
Rupee ends at over 3-month high of 48.69/70 vs dollar
Submitted by admin on Fri, 02/03/2012 - 06:24The rupee on Friday closed at over three-month high of 48.69/70, a gain of 46 paise, against the U.S. currency amid sustained capital inflows and continued dollar selling by exporters and some ban...