COMPANIES & SECTORS


Should you buy now or wait till next year? This season, the pre-Diwali discounts and marketing efforts for a variety of automobiles and two-wheelers have reached new highs (or lows, depending on how you look at things). Players like General Motors and Toyota have made far more noise than...

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MDT/PTI 05 December 2012
The High Court said, RIL should be given a fair chance to be heard in the matter as the disclosures pertain to the company   Mumbai: The Bombay High Court has asked market regulator Securities and Exchange Board of India (SEBI) to make Reliance Industries Ltd (RIL) a party to its...

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MDT/PTI 05 December 2012
GlaxoSmithKline would buy 31.8% additional stake in its unit GlaxoSmithKline Consumer Healthcare for Rs3,900 per share Mumbai: UK-based GlaxoSmithKline Plc's open offer to acquire 31.8% stake in its Indian subsidiary GlaxoSmithKline Consumer Healthcare Ltd will begin on 17th January...

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MDT/PTI 04 December 2012
Canada gave its final clearance to the project under which ArcelorMittal-led consortium will begin construction of the new iron-mine close to Arctic   Toronto: Facing hurdles in France, Luxembourg-based ArcelorMittal on Tuesday got green light from Canada for its multi-billion dollar...

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MDT/PTI 04 December 2012
A bench headed by Chief Justice Altamas Kabir granted one more day to Sahara which sought additional time to make a statement on when it would return Rs27,000 crore invested by people in its two companies   New Delhi: Sahara group was on Tuesday given a day more by the Supreme Court...

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MDT/PTI 04 December 2012
According to TMC, the total dues on the premises where the ATM of HDFC Bank is located are Rs13.64 Lakh including Rs12.40 lakh as property tax Thane: Thane Municipal Corporation (TMC) has sealed an HDFC Bank ATM in the city for alleged non-payment of property tax to the tune of Rs12.40...

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MDT/PTI 03 December 2012
The apex court had reimposed the restriction of 200 SMSes that can be sent in per day per SIM New Delhi: The Supreme Court on Monday stayed order issued by Telecom Disputes Settlement and Appellate Tribunal (TDSAT), which had quashed the sector regulator Telecom Regulatory Authority of...

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MDT/PTI 03 December 2012
Mumbai International Airport may now slap an eviction notice on the cash-strapped airline, owned by Vijay Mallya and lease out the space to other carriers Mumbai: In fresh trouble for beleaguered Kingfisher Airlines, Mumbai International Airport Ltd (MIAL) may issue an eviction notice...

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MDT/PTI 03 December 2012
The Singapore High Court stayed the unilateral termination of GMR's $500 million Male airport project by the Maldivian government. However, the Maldivian government made it clear that they will not honour the HC order Singapore/Male: Indian infrastructure company GMR on Monday won a...

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MDT/PTI 03 December 2012
Total number of complaints lodged by telecom subscribers have come down to 17,425 complaints per month from 47,454 complaints per month a year ago New Delhi: The average number of complaints against telemarketing calls has declined to 17,425 per month now from an average 47,454 monthly...

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MDT/PTI 03 December 2012
The Supreme Court, however, granted a day’s time to the two Sahara group companies to inform it if they would be able to refund the money or not The Supreme Court on Monday rapped Sahara Group for not refunding Rs27,000 crore to investors, who had put their money into its two...

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Moneylife Digital Team 30 November 2012
For the first time in history, Indian steel companies are forced to import iron ore as domestic production has almost come to a halt, courtesy the Shah Commission report In an irony, several steel/pig iron producers from India, which is the third-largest exporter of iron-ore, are...

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MDT/PTI 30 November 2012
NPCIL generates electricity using nuclear energy through 19 nuclear power reactors located at six sites, with an aggregate installed capacity of 4,680MW New Delhi: The Finance Ministry has proposed to list Nuclear Power Corporation of India Ltd (NPCIL) on the stock exchanges by selling...

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MDT/PTI 30 November 2012
The Vijay Mallya-owned Kingfisher Airlines has not paid salary to most of its 4,000 employees since May Mumbai: Having failed to receive their salaries for May, pilots from Kingfisher Airlines have now threatened to approach Director General Civil Aviation (DGCA) if the management did...

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MDT/PTI 30 November 2012
A foreign bank had threatened to close down accounts of state-owned New India Assurance if it did not stop providing insurance cover to ships ferrying oil from Iran New Delhi: The union government said a foreign bank had threatened to close down the account of state-owned New India...

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MDT/PTI 30 November 2012
Chennai-based ReGen also announced launch of its 1.5MW wind turbine that is suitable for low and medium wind speed sites Chennai: Wind turbine manufacturer ReGen Powertech has received new projects worth Rs1,800 crore to be installed with third generation new turbine, reports...

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MDT/PTI 30 November 2012
Standard Chartered Bank had approached the Competition Commission regarding its proposed acquisition of certain loan portfolios of Barclays in India   New Delhi: Fair trade regulator Competition Commission of India (CCI) has approved Standard Chartered Bank's proposed buyout of...

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MDT/PTI 29 November 2012
The apex court directed the CBI to go by the view of its Director in taking further action on the allocation of spectrum between 2001-03 when Pramod Mahajan was the Telecom Minister   New Delhi: The Supreme Court on Thursday directed the Central Bureau of Investigation (CBI) to go...

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MDT/PTI 29 November 2012
MCX-SX has joined the global league of six other exchanges that have committed to the UN's Sustainable Stock Exchanges initiative   Mumbai: MCX Stock Exchange (MCX-SX) has signed the voluntary commitment to the UN's Sustainable Stock Exchanges (SSE) initiative to promote long-term...

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MDT/PTI 29 November 2012
According to Nielsen, in addition to promoting brand equity, brand extensions can grow incremental sales up to 38% and contribute as much as 30% to parent brand sales   New Delhi: Extensions of existing fast moving consumer goods (FMCG) brands are five times more successful than...

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