Jindal brothers near $782 mln power plant deal - sources| Reuters
Mar 21, 2016 at 23:45 | Source:
MUMBAI Indian billionaire Sajjan Jindal's JSW Energy is nearing a deal to buy a 1,000 megawatt (MW) coal-fired power plant from his brother's debt-laden Jindal Steel & Power for about $782 million, two sources familiar with the matter said.A deal...
Mahindra plans to invest $1.5 bln over three years | Reuters
Mar 15, 2016 at 01:15 | Source:
MUMBAI Mahindra & Mahindra Ltd, India's top utility vehicle maker, plans to invest 100 billion rupees ($1.49 billion) over three fiscal years ending March 2018, the company said in an analyst presentation.Mahindra will invest 75 billion rupees of...
NALCO share buyback delayed to 2016/17 - official| Reuters
Mar 09, 2016 at 01:30 | Source:
NEW DELHI Indian aluminium company NALCO's plan to buy back up to 32.5 billion rupees ($483 million) of government shares will be delayed to the next fiscal year because of procedural delays, a government official said Tuesday."Buy-backs are a l...
India upgrades its air defences from Russia for Rs 30000 crore
Dec 18, 2015 at 08:17 | Source:
New Delhi: India's Defence Acquisition Council has cleared the purchase of five S-400 air defence systems from Russia, two defence ministry sources said.One of the sources, speaking on the condition of anonymity, said the deal is expected to cost aro...
Micromax plans to make all phones locally| Reuters
Dec 18, 2015 at 00:45 | Source:
NEW DELHI Indian consumer electronics firm Micromax Informatics will manufacture all of its phones in India by 2018, its co-founder said, as it shifts production from China back home, where costs are becoming cheaper.Rahul Sharma said with less than ...
Govt sees little Fed hike impact on 'fortressed' Indian markets
Dec 17, 2015 at 16:40 | Source:
New Delhi: Asserting that Indian markets is well 'fortressed' to deal with any major volatility, the government today said the long-awaited rate hike by the US Federal Reserve will have minimal impact here and should not lead to any large-scale outfl...
Rally in local sugar prices puts brakes on India's exports| Reuters
Dec 17, 2015 at 00:30 | Source:
MUMBAI/LONDON Indian sugar exports are likely to slow down in coming month as a 12 percent jump in local prices in a fortnight has discouraged mills from signing new export deals despite a government mandate for overseas sales.The slowdown in exports...
Bangladesh police arrest 10 on suspicion of militant activity| Reuters
Dec 05, 2015 at 00:16 | Source:
DHAKA Security forces in Bangladesh arrested six people on Friday on suspicion of human trafficking and currency smuggling and possible involvement in militant activity, a spokesman for the special forces Rapid Action Battalion said.One Pakistani nat...
Alkem IPO price band set at 1,020-1,050 rupees/share| Reuters
Dec 02, 2015 at 01:30 | Source:
MUMBAI Indian drugmaker Alkem Laboratories has set the indicative price band for its initial public offering at between 1,020 rupees ($15.33) and 1,050 rupees ($15.78) a share, the company said in a statement on Tuesday.At the top end of the price ba...
Masala bonds funding opportunity for NBFC, govt issuer, says Moody's
Nov 24, 2015 at 18:34 | Source:
New Delhi: Masala bonds will create an alternative funding source and firms like IRFC, PFC, REC, NTPC along with big NBFCs could issue these rupee denominated overseas bonds in the next 12 months, Moody's Investors Service said today."Over the n...
Lenders to grounded Kingfisher Air to auction some assets| Reuters
Nov 21, 2015 at 21:45 | Source:
MUMBAI Lenders who are owed more than $1 billion by grounded carrier Kingfisher Airlines Ltd are putting up for sale some of its assets including cars and forklifts. An auction notice appeared on Saturday on the website of the trustee company repres...
Panel recommends nearly 25 pct hike in 7th Pay Commission| Reuters
Nov 19, 2015 at 23:30 | Source:
MUMBAI An Indian government panel has proposed a 23.55 percent rise in salaries and pensions for about 10 million current and former government employees, smaller than past increases as New Delhi faces pressure to curb its fiscal deficit and prices.E...