COMPANIES & SECTORS


MDT/PTI 05 July 2012
The mobile handset maker will invest Rs195 crore in product development and marketing expenses during current financial year and Rs250 crore in next financial year   New Delhi: Mobile device maker Karbonn on Thursday said it will invest Rs445 crore in brand promotion and product...

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Moneylife Digital Team 05 July 2012
Alstom Projects will design and supply pressure parts for the supercritical boilers for NTPC’s project in Maharashtra   Alstom Projects wins orders worth Rs530 crore from BHEL to assist the latter in erecting and commissioning 660-MW supercritical boilers. The scope of work includes...

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MDT/PTI 05 July 2012
In August 2009, the two car makers agreed to merge by the end of 2011 but since have been facing legal and tax hurdles   Berlin/New Delhi: German carmaker Volkswagen AG has reached an agreement to acquire remaining 50%stake in sports car manufacturer Porsche by early next month,...

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MDT/PTI 05 July 2012
The meeting could not make any headway as the Vijay Mallya-led Kingfisher Airlines could not commit on fresh fund infusion   Mumbai: The much-anticipated meeting between the management of the crippled Kingfisher Airlines with the consortium of 17 banks, which have a combined stressed...

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MDT/PTI 05 July 2012
Telecom towers in the country burnt diesel worth over Rs12,500 crore last fiscal to run generator sets   Mumbai: Apex telecom industry bodies -- GSM operators body Cellular Operators Association of India (COAI) and CDMA lobby Association of Unified Telecom Service Providers of India...

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MDT/PTI 04 July 2012
The videocon plant in Manamadurai in SIPCOT Industrial Park near Madurai would manufacture LCD Plasma TV sets and other electronic goods and spares   Chennai: Home appliances manufacturer Videocon Industries' Rs1500 crore manufacturing plant in Tamil Nadu would begin production in...

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MDT/PTI 04 July 2012
According to the Goa Mines department recommendation new mining policy will give the government powers to confiscate the ore lying in those plots and auction it   Panaji: Goa Mines and Geology Department has suggested to the state Mines Ministry to confiscate and auction all the iron...

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MDT/PTI 04 July 2012
The company's buildings and factories segment secured orders worth Rs546 crore, while its infrastructure segment bagged orders worth Rs225 crore for the railway construction works   Mumbai: Engineering major Larsen & Toubro's construction arm on Wednesday said it has received new...

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Falling auto sales signal that the cost of car ownership must reduce drastically The  automobile sales numbers of May 2012 have been analysed and debated enough, though they represent dealer lift-off—not registration data—and are, therefore, subject to further comment. At the time of...

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MDT/PTI 03 July 2012
Abusing its market power, the Fast Way Group denied Day and Night News the opportunity for transmission of its TV channel on the cable network and denied access to the market, the CCI said in its order   New Delhi: Anti-competition watchdog Competition Commission of India (CCI) has...

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MDT/PTI 03 July 2012
The striking pilots from IPG, said they would decide on calling off the strike after consulting their lawyers and receiving a copy of the High Court order   New Delhi: Agitating pilots from Air India on Tuesday told the Delhi High Court that they will call off their 58-day long strike...

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MDT/PTI 03 July 2012
The companies are targeting the Jodhpur sands formation, which is likely to take up to 35 days to drill each well to 1,800 metres that has prospects for 'light oil'   Jaipur: Oil and gas sector company John Energy has begun a three well exploratory drilling programme for Gujarat State...

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MDT/PTI 03 July 2012
Ortho Tri-cyclen Lo is patented by Janssen Pharmaceuticals and had sales of $421 million during FY12   New Delhi: Pharmaceutical company Lupin Ltd on Tuesday said it received US health regulator's approval to sell generic version of oral contraceptive, Ortho Tri-cyclen Lo tablets in...

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MDT/PTI 03 July 2012
While the TDSAT chairman allowed telecom operators' plea against the government's directive to stop intra circle 3G roaming, the tribunal's member dismissed it saying they cannot provide roaming   New Delhi: The Telecom Disputes Settlement and Appellate Tribunal (TDSAT) on Monday gave...

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The largest fraud settlement case would help ensure that doctors make prescribing decisions based on good science and not on misinformation, money, or favours provided by the pharmaceutical industry   Global pharma giant, GlaxoSmithKline (GSK) has agreed to plead guilty to criminal...

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The Indian coal industry is plagued by a number of operational problems. Will the efforts of Australian mining queen Georgina Rinehart help the Indian coal industry? After China and USA, India is the third largest producer of coal, producing some 440 million tonnes (MT) against an annual...

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Under the vehicle recall policy, applicable for all auto makers, if a company feels that there is a manufacturing defect which compromises safety of the vehicle, it will voluntarily rectify the problem free of cost to the customer New Delhi: Industry body Society of Indian Automobile...

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MDT/PTI 02 July 2012
In the domestic market, Hyundai Motor India’s sales increased marginally to 30,450 units from 30,402 units in the year-ago period   New Delhi: The country’s second-largest carmaker Hyundai Motor India (HMIL) reported a 3.49% rise in its total sales at 54,354 units in June, up from...

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MDT/PTI 02 July 2012
Earlier, the company, a joint venture between Srei Infra and the French lender BNP Paribas, had last increased its lending rates by 1% in November 2011   Mumbai: Infrastructure and construction equipment financing company Srei BNP Paribas on Monday raised its benchmark rate by 0.25%...

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MDT/PTI 02 July 2012
Srei Infrastructure Finance bought the entire Rs430 crore loan of ICICI Bank given to Kingfisher Airlines. However, the bank still hold 3% stake in the debt-ridden airlines   Mumbai: A debt fund operated by Kolkata- based Srei Infrastructure Finance on Monday said it has bought out...

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