Games2win to raise $6m to ramp up content, operations
Games2win, an online gaming company, has raised $6 million in Series B financing from Clearstone Venture Partners and Silicon Valley Bank (SVB India Capital Partners).
Muthoot group forays into home loans for low income group
The 20,000 crore Muthoot Pappachan Group (MPG) on Tuesday said it was getting into the home loan business, with a focus on low income clientele. Muthoot Housing Finance will operate as a 100% subsidiary of Muthoot Fincorp, a non-banking finance company (NBFC) of the Kerala-based group.
Wal-Mart opposes big sex-bias case at US top court
Wal-Mart Stores Inc will argue on Tuesday that the US Supreme Court should halt the largest class-action sex-discrimination lawsuit in history by female employees who seek billions of dollars.
Usher Agro increases rice milling capacity to 5,43,600 MTPA
Rice miller Usher Agro today said it has expanded its milling capacity by 2,91,600 million metric tonnes per annum (MTPA) taking the company''s total capacity to 5,43,600 MTPA.
ICICI Pru Life to focus on NRI sapce with annuity solution
ICICI Prudential Life Insurance today said that it would target the Non-Resident Indian (NRI) segment by offering annuity solution--ICICI Pru Immediate Annuity--which addresses the needs of NRIs by ensuring a regular flow of income to ageing parent(s) in India, a press release issued here stated.
Titan Industries eyes small towns to hit high growth path
Titan Industries is in an expansion mode and is eyeing the mid-market in the country, that is, Tier-II and Tier-III cities where demand for consumer durables is being stoked by rising personal incomes. It also has plans to enter Indonesia during financial year 2011-12, reports businesstoday.
Essar buys Shell's UK Stanlow refinery
Essar Energy has agreed to buy Royal Dutch Shell's Stanlow refinery in northwest England for USD 350 million, in the latest Asian push into European refining, as western oil majors withdraw.
International Paper to buy majority of India mill for $257m
US paper and packaging company International Paper Co will buy a majority stake in Andhra Pradesh Paper Mills for about USD 257 million in cash.
NSR gets Supratim Bose as partner
New Silk Route (NSR), an Asia-focused private equity and growth capital firm, announced today that industry veteran Supratim Bose had joined the company as a Partner.
Fed may tighten before global risks fixed: Bullard
US policymakers may not be willing or able to wait for all global uncertainties to be resolved before they begin normalising loose monetary policy, St. Louis Federal Reserve President James Bullard said on Tuesday.
Spectrum scam blown out of proportion,says Karuna
DMK President and Chief Minister M Karunanidhi on Tuesday denied any role in ''Kalaignar TV'', in which his family members have majority stakes, and charged some politicians with "blowing out of proportion," the 2G spectrum scam.
Historians flay new book on Gandhi; say it's in 'bad taste'
Controversy has refused to die down over claims about Mahatma Gandhi''s sexual preferences in a new book with Gandhi''s kin and historians saying it was an attempt to "sensationalise" the life of the icon of non-violence and showed the "negative" mindset of the author.
SC seeks CBI reply on plea for probe into Batcha's death
The Supreme Court on Tuesday sought the CBI's response to a plea for transferring to it the probe into the mysterious death of former Telecom Minister A Raja's close aide Sadiq Batcha early this month in Chennai.
India among world's top 10 manufacturing nations: UNIDO
New Delhi, Mar 29 (PTI) India has secured a place among the world's 10 largest manufacturing countries as the share of major industrialised economies in global factory output fell significantly in the last decade, a UNIDO report said today.
Muthoot Fincorp forays into housing finance segment
Kerala-based Muthoot Fincorp, the flagship company of the Muthoot Pappachan Group, on Tuesday announced its foray into the housing finance segment after securing licence from National Housing Bank (NHB).
Textile sector gets additional Rs 7400cr for modernisation
The Government on Tuesday enhanced subsidy allocation for modernisation of the textiles industry to Rs 15,404 crore from earlier sanction of Rs 8,000 crore for the current Plan ending 2012.
Second Liquidity Adjustment Facility : Auction Results
Second Liquidity Adjustment Facility : Auction Results
Rent vs Buy: What does one do in Mumbai property scene?
The latest report from Makaan.com recommends Mumbaikars to stay on rent rather than buying the property. The Makaan.com Buy Vs Rent index (MBRI) for the period January to March 2011 was released with some interesting findings.
How will the crisis in MENA region impact business?
Dun and Bradstreet has come out with a research report on impact of crisis in the MENA region.
Axis Bank to launch six more branches in Mumbai by March 31
Private sector Axis Bank today said it plans to launch six additional branches in Mumbai, taking the total number of its branches in Maharashtra to 181 by March 31.
Networth Stock Broking view on Reliance
Prakash Diwan of Networth Stock Broking feels that Reliance Industries would continue to be not participating in this momentum even in the next couple of months.
Essar Energy to buy Stanlow refinery from Shell UK
Essar Energy Tuesday said it will buy Shell UK’s 270,000-barrel-per-day oil refinery and other associated assets at Stanlow near Ellesmere Port, Cheshire in UK.
Check out: Angel Broking's top picks from banking sector
In an interview with CNBC-TV18, Vaibhav Agrawal, VP Research, Banking, Angel Broking gave his readings and outlook for the banking sector. He said, "We like few midsized PSU banks now, considering that interest rates looked to have peaked."
Sensex outshines global peers, gains 1300 points in 6 days
Bulls have been taken over charge as against bears for the sixth consecutive session on Tuesday, with the Sensex adding nearly 1300 points by outperforming its global peers in these six days - supported by strong inflow of foreign institutional investors.
Hedge funds find India toughest BRIC to crack
Hedge funds are finding India the toughest BRIC country to beat consistently in falling stock markets, raising questions if the high fees they charge for all-weather outperformance is justified.
