L&T and Kobe Steel Ink JV
Larsen & Toubro (L&T) and Kobe Steel, Japan, have entered into a Joint Venture (JV) for the manufacture of internal mixers and twin screw roller head extruders for the tyre & rubber industry for global markets, including India.
Edelweiss Capital hires S Ranganathan of BoA as CFO
In a high profile move in the financial sector, which is a clear sign of the aggressive approach of domestic financial services firms, S Ranganathan, the CFO of Bank of America Merryl Lynch, is moving to Edelweiss Capital as Chief Financial Officer.
Sanco Industries files IPO papers with SEBI
Sanco Industries plans a public issue of 75 lakh equity shares having a face value of Rs 10 each. It has filed draft red herring prospectus with the market regulator SEBI.
Maruti Suzuki Q3 net profit slips 18% to Rs 565 cr
India's largest car maker Maruti Suzuki reported a standalone net profit of Rs 565.2 crore for the quarter ended December 2010, down 18% as compared to Rs 687.5 crore in same period the previous year.
What now after Egypt's protests?
Egyptian President Hosni Mubarak fired his government but refused to bow to demands that he resign, ordering troops and tanks into cities to quell an explosion of street protests against his 30-year rule.
Egypt: Mubarak refuses to quit, calls for peace
Embattled President Hosni Mubarak said early on Saturday that he asked the country's government to resign after thousands of angry Egyptians defied a government curfew and faced stinging police tear gas as they marched for change.
Goodwill Hospital files DRHP for Rs 62 cr IPO
Noida based Goodwill Hospital and Research Centre has filed draft red herring prospectus with the market regulator SEBI for its initial public offering of Rs 62 crore with one detachable warrant per equity share offered.
The thin line in Public Relations
Nandita Lakshmanan, founder of The PRactice, says that when ‘lobbying’ becomes ‘fixing’, it is no longer PR.
MindTree Exec Chairman resigns; to start new venture
In a surprise move, Ashok Soota, the co-founder and executive chairman of mid-sized IT services firm MindTree Ltd, has resigned to form a new venture. Soota, who started MindTree in 1999 with nine other Wipro colleagues, has stated personal reasons for the resignation.
GVK Power submits $2 bn bid for Hancock Coal's mine: Report
GVK Power & Infrastructure has submitted a $2 billion preliminary bid for a controlling stake in a coal mine owned by Australia's Hancock Coal, a report in the Economic Times newspaper said on Saturday.
M and B Switchgears plans IPO to fund solar power plant
Transformer manufacturer M and B Switchgears proposes to enter capital market for funding its forthcoming solar photovoltaic power plant, with a public issue of 50 lakh equity shares (face value of Rs 10 each).
Maruti Suzuki Q3 PAT seen down 11% at Rs 610 cr
India's largest car maker Maruti Suzuki is set to declare its results for the quarter ended December 2010. According to CNBC-TV18 estimates, its profit after tax is expected to go down by 11% to Rs 610 crore in third quarter of FY11 from Rs 687 crore in same period of last year.
Sun Pharma Q3 PAT seen up 32% to Rs 446 cr
Country's largest drugmaker by market value Sun Pharmaceutical is set to announce its results for the quarter ended December 2010. According to CNBC-TV18 estimates, its profit after tax (PAT) is expected to go up by 32% to Rs 446 crore in Q3FY11 as against Rs 339 crore in Q3FY10.
Italy Lavazza to start India coffee plant in 2012
Italy's leading coffee roaster Lavazza plans to start up a coffee plant in India next year as part of its push to expand on growing coffee markets in India and the Asia Pacific region, the company said on Friday.
End of cheap food era as grain prices stay high: Poll
US grain prices should stay unrelentingly high this year, according to a Reuters poll, the latest sign that the era of cheap food has come to an end.
Hafeez century anchors Pakistan's 293-7 v NZ
Mohammad Hafeez scored his first one-day international century to anchor Pakistan's 293 for seven in the third match of their series against New Zealand at Lancaster Park in Christchurch on Saturday.
Fickle investors ditch emerging markets for developed
A month into 2011, one of the biggest swings in asset flows has been the outperformance of previously lagging developed market equities against once red-hot emerging ones.
Hot economy, Europe's woes lure Brazilians back
Brazilians, long the great nomads of global soccer, are being lured home as European clubs struggle financially and local teams backed by a booming economy gain the clout to attract big names like Ronaldinho.
Suu Kyi seeks support for democracy in Myanmar
Myanmar pro-democracy leader Aung San Suu Kyi called on world leaders and top executives meeting in the Swiss resort of Davos on Friday to promote democracy and economic growth in her country.
Greece stripped of 2013 Mediterranean Games
Greece has been stripped of the 2013 Mediterranean Games because of financial problems and delays in getting the facilities ready, the International Committee for the Mediterranean Games (ICMG) said on Friday.
Rembrandt portrait to be offered for $47 mn
A Rembrandt portrait, one of the last works from the Dutch master's late career still in private hands, will be offered for sale at the TEFAF Maastricht art fair later this year for USD 47 million.
Wikileaks spin-off group launches new site
A group led by the former deputy to WikiLeaks founder Julian Assange launched a new site to aid whistleblowers on the sidelines of the Davos meeting of the global business elite on Friday.
Sleep problems, teen suicide thoughts may be linked
Teenagers who thought about or attempted suicide were more likely to have suffered sleep disorders in earlier years, according to American researchers.
Management tip of the day: Take a break from feedback
It's useful to get feedback from others when you are working on a difficult task, but deciding what you truly think first will help build your confidence, says Harvard Business Review.
Travel Postcard: 48 hours in Park City, Utah
Park City ski resort in Utah is the access spot for some of America's best skiing with three major ski resorts all alongside each other -- Deer Valley, Park City and The Canyons.
