DSP BlackRock in distribution pact with SVC Bank
DSP BlackRock Investment Managers has signed a deal with the Shamrao Vithal Co-operative Bank to distribute its mutual fund schemes through the lender's network of 105 branches.
India signs deal with US to procure 10 C-17 aircraft
India has signed its biggest defence deal with the US to procure ten C-17 heavy-lift aircraft for USD 4.1 billion under which American defence major Boeing will set up test facilities for hi-tech aeronautics engines for the DRDO.
Slovenian PM makes a strong pitch for Indian investment
Prime Minister of Slovenia, Borut Pahor on Wednesday wooed Indian investment back home and said his country is on the "safe-side" of the 17-member eurozone.
Niira Radia meets CBI Director
Corporate lobbyist Niira Radia on Wednesday met CBI Director A P Singh in which she is understood to have raised the issue of a lawyer allegedly threatening her.
Auto components sector likely to face stiff headwinds: ICRA
Having cemented a strong double- digit growth over the last two years, the auto components industry is likely to face strong headwinds in 2011-12 due to soaring commodity prices, fuel costs and interest rates, ICRA said.
Tata AIG to launch unit-linked child plan, Gyan Kosh
Private insurer Tata AIG Life Insurance Company on Wednesday announced the launch of its unit-linked child plan - Tata AIG Life Insurance Gyan Kosh- with in-built benefits to ensure financial protection.
Rupee reverses gains on weak local shares, euro
The rupee reversed early gains and ended marginally weaker on Wednesday as the euro slipped against the dollar and local shares extended losses, while dollar demand from oil importers also dampened sentiment.
Wall Street drops on Greece fears, US data
US stocks fell early Wednesday on worries the Greece debt crisis may escalate and after a negative reading on New York State manufacturing underscored the headwinds facing the economy.
China rate rises to end-2011 seen asymmetrical: Poll
China is likely to increase bank deposit rates twice more this year while raising lending rates just once before pausing in its present policy tightening cycle aimed at taming inflation, a Reuters poll showed.
Maruti strike enters 13th day; losses pegged at Rs 560 cr
Strike at Maruti Suzuki India's Manesar plant continued for the 12th day on Wednesday with production loss touching 11,400 units translating into a loss of about Rs. 560 crore so far.
National Fertilizers declares dividend at Re 0.85 per share
National Fertilizers at its meeting held on May 30, 2011 has declared dividend at Re 0.85 per share of Rs 10 each for the Financial Year 2010-2011.
Gokul Refoils declares final dividend at Re 0.22 per share
Gokul Refoils at its meeting held on June 15, 2011 has declared final dividend at Re 0.22 per share of Rs 2 each.
SAIL plans to raise USD 400 million from overseas lenders
After failing to launch the initial public offer so far, state-run SAIL now plans to borrow USD 400 million from overseas lenders to part-finance its expansion and modernisation plans.
Maithan Alloys declares dividend at Rs 2 per share
Maithan Alloys at its meeting held on June 15, 2011 has declared dividend at Rs 2 per share of Rs 10 each.
Empire Industries to consider dividend
Empire Industries has its Board of Directors meeting on June 28, 2011 to consider dividend.
Great Offshore to consider dividend
Great Offshore has its Board of Directors meeting on June 21, 2011 to consider dividend.
Lancor Holdings declares dividend at Rs 2 per share
Lancor Holdings at its meeting held on June 10, 2011 has declared dividend at Rs 2 per share of Rs 2 each.
Gateway Distriparks declares final dividend at Re 1 per share
Gateway Distriparks at its meeting held on June 14, 2011 has declared final dividend at Re 1 per share of Rs 10 each for the financial year 2010-11.
Oil PSUs hike jet fuel prices by 2.4%
After two successive cuts, state-owned oil firms today hiked jet fuel or ATF prices by 2.4% in step with the firming international rates.
Lupin acquires worldwide rights for Goanna Brand
Pharma Major, Lupin Limited, announced today that its Australian subsidiary, Generic Health Pty Ltd. has acquired the worldwide rights to the GOANNA® brand and the complete range of premium therapeutic oils, rubs and ointments marketed under the brand.
Rising real estate exposure of banks may raise NPAs: RBI
The Reserve Bank expressed concerns over rising exposure of banks to the real estate sector and said it could lead to an increase in the non-performing assets (NPAs) of the banking sector.
Moser Baer says solar mainstay for growth
India's second-largest solar cell manufacturer Moser Baer India expects solar power business to chip in about two-thirds of its total sales in the next two to three years, as it looks to strengthen its position in the lucrative Indian solar market, its founder and chairman said on Wednesday.
HP launches converged infra solutions to up agility
The US-based PC giant Hewlett-Packard (HP) on Wednesday announced a host of converged infrastructure solutions.
Yadav says monsoon session of Parliament will be stormy
NDA convener Sharad Yadav said on Wednesday that monsoon session of the Parliament will be stormy, as the issue of corruption would be raised.
Japan evinces interest to invest in TN infra projects
Japan on Wednesday expressed interest to invest in infrastructure projects in Tamil Nadu, the state government said.
