June 13, 2011
Automotive glass manufacturer Saint Gobain Sekurit India today said that Sreeram Srinivasan has resigned as Managing Director as well as Director of the company with effect from June 11, 201...
April 19, 2011
Larsen & Toubro (L&T) has sought shareholders' approval to transfer its electrical and automation (E&A) business, which is largely a product business, to a subsidiary, associate...
October 18, 2010
India's largest share sale, the initial public offer of Coal India Ltd. (CIL), opened on Monday amid a fair response from the markets with CIL Chairman P. S. Bhattacharyya expressing his dis...
August 9, 2010
CIL is also keen to ensure retail participation and is pitching hopes on its vast employee-base. It has begun a programme of sensitising its employees for opening the demat accounts necessary for stock market operations
July 14, 2010
Nearly 13 years after it last issued bonus shares, India’s second largest two-wheeler maker Bajaj Auto on Wednesday said it is planning a similar move, for which its board will meet on...
June 29, 2010
Private equity firm Elevation Partners has invested USD 120 million in Facebook Inc by buying shares of the social networking site, a media report said. Attributing to people familiar to th...
June 6, 2010
Reliance Communications on Saturday decided in principle to dilute 26 per cent equity in a strategic sale.
“The board of directors of Reliance Communications Ltd (RCom) has appro...
April 16, 2010
Mobile phone maker Sony Ericsson posted an unexpected net gain for the first quarter on Friday, reaching euro21 million ($29 million) in the black from a previous loss of euro293 million, much tha...
April 12, 2010
Russia’s UC Rusal, the world’s largest aluminum producer, said on Monday it earned $821 million in 2009 despite a plunge in revenues, in its first earnings report since its controversi...
February 18, 2010
The government needs to draw the right lessons from the recently concluded public offer of the National Thermal Power Corporation, which is among the most valuable of government-owned companies. It...
May 10, 2011
Aiming to cash in on the rapid growth of country’s financial services sector, Reliance Industries will seek partnerships with leading global players in this pursuit, the company’s billi...
January 27, 2011
The Citi Group has reduced its holding in the Chennai-based Polaris Software Lab, a financial technology company, to a little under 20 per cent through the market route.
The Citi Gr...
September 2, 2010
The United States Federal Reserve has announced its approval of the application by China Investment Corporation, the sovereign wealth fund of the Chinese government, to acquire indirectly up...
July 20, 2010
Fortis Healthcare on Tuesday said its promoter firm Fortis Healthcare Holdings Ltd (FHHL) has pledged 37.78 per cent stake in the company, at a time when it is looking to tie up funds for its $ 2....
July 7, 2010
Reliance MediaWorks, the film and media services firm of the Anil Dhirubhai Ambani Group (ADAG), Wednesday said it has purchased an additional 0.05 percent stake in Fame India, raising its stake i...
June 22, 2010
Private sector Yes Bank today said Rabobank’s sale of 11 per cent stake in it is a good development as the move would lead to widespread holding and higher trading volume in its shares...
April 20, 2010
Citigroup Inc. provided more evidence on Monday that America’s big banks may have turned a corner. The bank reported a surprise first-quarter profit as trading revenue offset losses from fai...
April 15, 2010
BP PLC is facing a rebellion from major shareholders over a controversial oil sands project in Canada.
Institutional and individual investors are expected to back a resolution at th...
March 27, 2010
The joint forum of BSNL unions and associations of executives and non-executives staged a dharna in front of the telephone exchange here on Friday. The forum said that it was against disinv...
December 27, 2009
Even as it firms up its plan to make an initial public offer (IPO) before the end of 2010, Navratna public sector unit Coal India Ltd (CIL) may appoint a consultant through the nomination ro...