Sep 28, 2015 09:07 PM IST
Swiss-based and London-listed Glencore earlier this month raised USD 2.5 billion through a share placement, part of a wider plan to cut its net debt by a third by the end of 2016.
- Sep 24, 2015 04:30 PM IST
In a regulatory filing Wednesday, Pfizer had said that it has entered into a business transfer agreement to sell its Thane plant for a consideration of Rs 178 crore.
- Sep 23, 2015 07:51 PM IST
The delegation from Wada region in Palghar district, led by Maharashtra Industries Minister Subhash Desai, met the Governor at Raj Bhavan here and sought reduction in power tariff, a Raj Bhavan spokesperson said.
- Sep 23, 2015 06:40 PM IST
Balco accounts for 1,000 job cuts and Vedanta Aluminium for around 2,000, while Sesa Goa as well as Cairn India have already slashed up to 450 jobs each, so far.
- Sep 21, 2015 09:31 PM IST
The scheme of amalgamation was sanctioned by "High Court of Judicature of Bombay vide its order dated 10th July, 2015 and the High Court of Gujarat at Ahmedabad vide its order dated 31st July, 2015," the company said.
- Sep 15, 2015 06:30 PM IST
While the model will be launched in Europe during spring next year, the company's Indian arm Maruti Suzuki India (MSI) is expected to launch it in the domestic market around the festive season this year.
- Sep 13, 2015 03:45 PM IST
Last month, the aluminium manufacturer had announced its decision to shut down the rolling mill in Korba (Chhattisgarh) on account of "steep fall" in the prices of the metal besides dumping from China and falling margins.
- Aug 26, 2015 11:44 AM IST
The ruling by the Federal Court of Appeals in Karlsruhe covers one of the Apple iPhone's most popular defining features, of which makers of rival Android-based phones have developed their own versions.
- Aug 20, 2015 01:38 PM IST
The Australian flagship carrier also said it would make its first cash payout to shareholders in six years after an aggressive cost-cutting programme and tailwinds from cheaper fuel costs led the company back into the black.
- Aug 19, 2015 06:44 PM IST
London-based JSW Steel Service Centre is into processing and sale of steel, while Argent Independent Holdings - that is also based in London - is a holding company. Nairobi-based JSW Steel East Africa is into mining of non-ferrous metal ores and manufacture of basic iron and steel, among others.
- Aug 17, 2015 05:54 PM IST
Sebi, in August last year, ordered PACL to wind up its unauthorised collective investment scheme (CIS) and refund the money collected from investors within three months. The company was running a land purchase scheme, where it was raising money from public to buy land.
- Aug 17, 2015 05:13 PM IST
The company will execute the project for three utility providers -- Punjab State Power Corporation, Uttarakhand Power Corporation, and Dakshin Haryana Bijli Vitran Nigam.
- Aug 13, 2015 05:00 PM IST
"The restructuring plan includes outsourcing of Department Purchase Centre (DPC) activities, rationalisation of manpower and merger/closure of unviable DPCs," Union Textiles Minister Santosh Gangwar said in a written reply to Lok Sabha.
- Aug 12, 2015 04:40 PM IST
The company had posted a net loss of Rs 3.96 crore in the same period last year, it said in a BSE filing. Net income declined to Rs 636.12 crore in the April-June period of 2015-16 fiscal from Rs 804.36 crore in the year-ago period.
- Aug 10, 2015 08:12 AM IST
The amalgamation will ensure optimal utilisation of resources which will lead to improvement in overall working culture and environment, MRPL Chairman D K Saraff said.
- Aug 06, 2015 09:35 PM IST
The High Court of Punjab and Haryana has issued an order, taking on record the shareholders' approval of Max India's Composite Scheme of Arrangement for the demerger of the company and granted liberty to file a second motion petition, Max India said in a statement.
- Aug 06, 2015 05:03 PM IST
Giving reasons for the strong characteristics of India's economic fundamentals, Doha Bank CEO R Seetharaman said, "there is political stability and realignment of monetary and fiscal policies."
- Aug 04, 2015 05:46 PM IST
Hundreds of Tata Steel workers on Teesside in the north-east of England will effectively come under new management with the latest development. The new Scunthorpe-based business, which employs 750 workers, will be led by Bimlendra Jha, executive chairman of the Tata Steel board.
- Aug 04, 2015 04:11 PM IST
Subsidy arrears of state-run Food Corporation of India (FCI), the nodal agency for procurement and distribution of grains, stood at Rs 50,730 crore in 2014-15 fiscal, and is estimated to be Rs 22,348 crore this year.
- Aug 03, 2015 11:58 AM IST
HSBC Holdings Plc said it sold its Brazilian unit to Banco Bradesco SA for USD 5.2 billion, retreating from the second-largest emerging market economy after years of feeble performance.
- Jul 27, 2015 01:07 PM IST
Sunil Lalvani succeeds Avneesh Agrawal, senior vice-president and president of Qualcomm India and South Asia. Agrawal, who has been granted 159 US patents, is moving on to pursue his entrepreneurial ambitions.
- Jul 27, 2015 11:26 AM IST
Jerusalem-based Teva, which has offered to buy Mylan for USD 40 billion, is now close to an agreement to acquire Dublin-based Allergan's generic drugs unit for between USD 40 billion and USD 45 billion, the person said on Saturday.
- Jul 15, 2015 12:03 PM IST
Models affected are certain Prius v minivans, called Prius alpha and Prius+ in some markets, among other models, produced between May 2010 and November 2014, the automaker said.
- Jul 07, 2015 02:51 PM IST
"The second round of funding follows the initial investment by Accel Partners of Rs 17.25 crore in July, 2012. The present round of investment will be used to accelerate USPL's growth plans," the company said in a statement.
- Jun 26, 2015 02:59 PM IST
The company also reported a decline in like-for-like sales, which exclude petrol costs and sales taxes, in key Asian markets due to "external conditions".