MUMBAI,
May 16, 2013
JM Financial will nominate Mr. Pandit as non-executive chairman of the NBFC
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NEW DELHI,
May 16, 2013
German luxury car maker Mercedes Benz on Thursday launched GL-Class, a premium sports utility vehicle, priced at Rs.77.5 lakh (ex-showroom Delhi).“We are ambitious. The Mercedes brand has...
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HYDERABAD,
May 16, 2013
Company announces 30 per cent dividend
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NEW DELHI,
May 16, 2013
LG Electronics and Google, on Thursday, announced the availability of Nexus 4 – the latest smartphone in the Nexus line-up from Google, priced at Rs. 25,999.
“LG Electronics is...
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HYDERABAD,
May 16, 2013
Deccan Chronicle Holdings Limited (DCHL) suffered another jolt on Wednesday when Kotak Mahindra Bank took possession of the premises of its printing press located at Kondapur on the outskirts of H...
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MUMBAI,
May 16, 2013
The shareholders of Cipla Medpro South Africa, the Cape Town-headquartered company, have approved the takeover offer from Indian pharmaceutical major Cipla. The consideration for the acquisi...
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NEW DELHI,
May 16, 2013
Vijay Mallya-led United Breweries on Wednesday said Heineken U.K. Ltd. had acquired 3.21 per cent stake in the company.
United Breweries allotted over 84.89 lakh shares, representing 3.21...
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MUMBAI,
May 15, 2013
AirAsia, on Wednesday, named Chennai-born Mittu Chandilya as the Chief Executive Officer (CEO) of its Indian operations. AirAsia India (Private) Ltd., a joint venture between Air Asia, Tata...
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CHENNAI,
May 15, 2013
Will roll out actuation, thermal, and wiper systems for the automotive market
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NEW DELHI,
May 15, 2013
Diageo plc’s Rs.5,441-crore open offer for acquiring 26 per cent stake in Vijay Mallya-led United Spirits has come a cropper with the offer eliciting a tepid response from public investors.
<...
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KOLKATA,
May 16, 2013
Steel Authority of India Ltd. (SAIL) is planning to set up a new 3 million tonnes per annum (mtpa) plant at Burnpur, West Bengal, in addition to the 2.5 mtpa unit now under erection there. Known f...
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CHENNAI,
May 16, 2013
The banking sector in India remains robust, and is well prepared to face any future shocks in the economy, according to P. Nanda Kumaran, Managing Director, State Bank of Travancore (SBT), an asso...
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MUMBAI,
May 16, 2013
Motorcycle major Bajaj Auto, on Thursday, reported a marginal drop in its net profit for the fourth quarter of 2012-13 at Rs. 766 crore (Rs. 772 crore). The company reported a 4 per cent...
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NEW DELHI,
May 16, 2013
“Within hours of taking charge, he has given the go-ahead to out-of-court conciliation”
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NEW DELHI,
May 16, 2013
The Haryana Government is challenging in court a decision by the Central Electricity Regulatory Commission (CERC) to allow Adani Power to raise tariffs, dealing a potential blow to a key sector st...
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MUMBAI,
May 16, 2013
French cement major Lafarge has announced plans to raise 200 million euros (Rs. 1,400 crore) from Baring Private Equity Asia by selling a 14 per cent stake in its Indian subsidiary. “Lafarge...
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MUMBAI,
May 15, 2013
Loss-making Tata Communications Ltd. has decided to delist its American Depository Shares from the New York Stock Exchange (NYSE), and terminate its American Depositary Receipts (ADR) programme, c...
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MUMBAI,
May 15, 2013
Eureka Forbes, a part of the Shapoorji Pallionji group, has entered into an agreement with Switzerland-based Lux International to acquire majority stake in Lux. The financial details of the transa...
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PARIS/BANGALORE,
May 15, 2013
The Hague arbitration panel will be chaired by Canada’s Marc Lalonde QC and will comprise Francisco Orrego of Chile and former Rajasthan High Court Chief Justice Anil Dev Singh
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NEW DELHI,
May 15, 2013
Swiss digital products company Logitech on Wednesday launched its ‘Ultimate Ears’ range of premium music devices in the country, priced between Rs. 8,995 and Rs. 34,995. Logitech had pur...
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