China Development Bank signs final documentation for fully underwritten over Rs 8700 cr loan facility for Rel Comm
China Development Bank signs final documentation for fully underwritten over Rs 8700 crore loan facility for Reliance Comm.
Engineers India; March 23, 2011 record date for interim dividend
Engineers India has fixed March 23, 2011 as the 'Record Date' for interim dividend.
Nagarjuna Construction Company name changed to NCC
Nagarjuna Construction Company has changed the name from “Nagarjuna Construction Company
El Forge to consider rights issue
El Forge has its Board of Directors meeting on March 16, 2011 to consider rights issue.
Central Bank of India; March 18, 2011 record date for rights issue
Central Bank of India has fixed March 18, 2011 as the 'Record Date' for rights issue.
Hanung Toys & Textiles acquires controlling stake in Cody Direct Corp
Hanung Toys & Textiles has acquired controlling stake in Cody Direct Corp.
Engineers India to consider interim dividend
Engineers India has its Board of Directors meeting on March 17, 2011 to consider interim dividend.
GR Infraprojects gets Rs 80 crore funding
Rajasthan-based GR Infraprojects today got a funding of Rs 80-crore from Motilal Oswal Private Equity (MOPE) and Hybrid Infrastructure Portfolio managed by IDFC Investment Advisors.
HSBC India appoints Sandeep Uppal as MD & Head Commercial
HSBC India today announced the appointment of Sandeep Uppal as Managing Director & Head, Commercial Banking.
Industry representatives meet FM to seek excise exemption
Finance Minister Pranab Mukherjee today gave an assurance that he will look into the demand of various industrial associations seeking withdrawal of the excise duty on bicycles, hosiery, blankets, garments, sewing machines and other industrial products.
Gold rises as MidEast, euro quell risk appetite
Gold rose on Wednesday, supported by investor concern over the violence across the Middle East and the resurgence of discomfort over the euro zone's finances ahead of a key summit this week.
Despite hurdles, India sees 2011/12 coal output growth
A concerted effort to remove regulatory hurdles could help boost India's coal output by 7% to 8% in 2011/12, although the country will remain a major importer, coal minister Sriprakash Jaiswal said on Wednesday.
Rupee ends up on dollar inflow hope, Asian peers
The rupee strengthened on Wednesday, tracking firm Asian peers, with dollar inflows from corporates and expectations of more inflows next week outweighing weak euro and choppy local shares.
Buy Emco; target of Rs 97: KRChoksey
KRChoksey is bullish on Emco and has recommended buy rating on the stock with a target of Rs 97 in its March 9, 2011 research report.
BofA-ML cuts India's FY12 growth target to 8.2%
Bank of America-Merrill Lynch (BofA-ML) has lowered its growth forecast for Indian economy to 8.2% in the next fiscal year, saying it expects surging oil prices to push input and borrowing costs higher.
StanChart PE invests $19 mn in Indian chemicals maker
Standard Chartered Private Equity, a unit of Standard Chartered Plc, said on Wednesday it has invested Rs 85 crore (USD 18.9 million) in unlisted Indian chemical manufacturing firm Privi Organics.
Crude oil prices likely to calm down, says Kaushik Basu
The government today said it is hopeful that the rally in crude oil prices due to the ongoing political turmoil in MENA (Middle East and North Africa)region will be short-lived.
Air India earns Rs 36 cr a day, spends Rs 57 crore
Explaining the precarious financial health of India's flag carrier, the government today said Air India earns Rs 36 crore a day from its operations while it spends about Rs 57 crore.
GPCL finalises site for 50 MW tidal power project
State-run power utility Gujarat Power Corporation Limited (GPCL) today said it has narrowed down on a site suitable for the commissioning of 50 MW tidal power project.
Red Fort Capital distributes $100M to investors
Real estate private equity firm Red Fort Capital has said that it has returned over USD 100 million to investors since 2009 as its fund I portfolio has reached harvesting stage.
Lacklustre opening for Sequoia-Backed Lovable Lingerie IPO
Sequoia Capital-backed intimate apparel firm Lovable Lingerie’s initial public offering has had a slow start with poor interest from institutional and HNI investors as of second day of the IPO.
Bank credit offtake up 23.3%, deposits up over 16%: RBI
Credit offtake from public and private sector banks in the country grew by over 23.3% for the one-year period ended February 25, indicating an upswing in the industrial activity, says the RBI.
China's largest loan to India: RCom gets over Rs 8700cr
Reliance Communications (RCOM) signed final documentation with China Development Bank (CDB) for a Rs. 6000 crore (USD 1.33 billion) loan facility.
Second Liquidity Adjustment Facility : Auction Results
Second Liquidity Adjustment Facility : Auction Results
CRISIL assigns grade 3/5 to VRL Logistics IPO
CRISIL Equities has assigned a grade of 3/5 to the proposed initial public offer (IPO) of VRL Logistics (VRL), which indicates that the fundamentals of the IPO are average relative to other listed equity securities in India, according to research report dated March 9.
