Daily News & Analysis
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MTNL bids for licence in Oman
Undeterred by its repeated failure to acquire licences or companies abroad, Mahanagar Telephone Nigam Ltd (MTNL) has now gone ahead and put in an initial bid for a licence in Oman.
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Srei unit buys 57% in Dishergarh for Rs 172 crore
Of the 57% on sale in DPSC, Andrew Yule held around 15% while the rest was held by Life Insurance Corporation (30.61%) and United India Assurance (11.36%).
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GVK in talks to acquire L&T's holding in BIAL
As part of its strategy to emerge a majority stakeholder in Bengaluru International Airport (BIAL), GVK Power and Infrastructure is making quick moves to acquire the 17% stake.
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RBI admits Vishal Retail debt plan
Vishal Retail Ltd's proposal for debt recast has been admitted by the corporate debt restructuring cell of Reserve Bank of India, according to a source close to the development.
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'Honeywell open to co-development with Hindustan Aeronautics'
The global business jet sector has seen a 40% drop in delivery from past peak thanks to the economic slowdown.
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Auto sector momentum may slow as stimulus packages vanish
It has been particularly helpful for auto majors like Maruti Suzuki and Hyundai, which earned a sizeable chunk of revenues from European markets.
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General Atlantic to sell Patni stake
L&T Infotech, which earlier fought a stiff bidding war for Satyam, is reportedly looking at investing $150-200 million for acquisition of firms.
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Duet may buy Berggruen land parcels
Duet India Hotels, the hospitality real estate fund of Duet Group, may acquire some of the hotel sites of Berggruen Hotels in tier-II cities.
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Corus may ally with CSN for mining
The volatility in prices of these products weighs on the profit margin of the company and shrinks consolidated operating margin of the group.
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Mundra Port to build terminal for Shell JV in Hazira
The terminal will be built on a sub-concession basis, in phases, with three berths in the initial phase, Hazira Port said in a statement.
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Commercial rentals stabilise
Commercial property rentals in the central business districts (CBD) of Mumbai, Gurgaon, Noida, Chennai, Bangalore and Pune have stabilised, as business optimism has pushed demand up.
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'Can't blame futures for rise in food prices'
Farm futures trade has not contributed to the price rise in essential commodities in the country, minister of state for consumer affairs, food and public distribution, K V Thomas said on Friday.
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Sebi may allow derivatives purchase in portfolio management
The Securities & Exchange Board of India (Sebi) is considering allowing exchange-traded derivatives to be a part of portfolio management services (PMS), according to executive director R K Nair.
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Using garden leave can help take the edge off attrition
The grass is greener on the other side, human resources managers may soon start hearing, what with attrition rates starting to go up again
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Keskar sees fare gap closing in Q4
Keskar said once fares reach the breakeven level and fly into the positive zone, the airlines will stop burning cash and will start making money from their operations.
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It's Take 2 for take-out financing
The take-out financing scheme introduced by Union finance minister Pranab Mukherjee in this year's Budget is likely to be finalised within a month.
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Mother India's Sukhilala is alive and kicking!
My father, aged 69, was retired and staying with me. He had a credit card since the last 15 years. He expired last year in October and since January this year.
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Banks up scrutiny on cash deals
Even the Reserve Bank of India has spared no time to reiterate its know-your-customer and anti-money laundering norms.
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FDA seizes energy drinks worth more than Rs1 crore
Ranjeet Singh Sahay, joint commissioner, FDA vigilance department, said raids were conducted in Mumbai and Pune stocks of the drink Cloud 9 were confiscated.
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Drop in pressure deepens crisis
First it was the reduction in quantity, as well as the duration of water supply. Now, there is a drop in water pressure. The crisis gets more acute with every passing day.
Daily News & Analysis
