COMPANIES & SECTORS


MDT/PTI 07 December 2012
Bharat Reinsurance, IFFCO Tokio General Insurance, Apollo DKV Insurance, DLF Premierico Life Insurance, Aviva Life Insurance, Sri Ram Life Insurance, Sahara India Life Insurance and Reliance Life Insurance have been found guilty of service tax evasion says Chidambaram   New Delhi:...

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MDT/PTI 07 December 2012
L&T Infrastructure Development Projects said ICICI Bank-led consortium would fund its two road projects in Maharashtra   Mumbai: L&T Infrastructure Development Projects (L&T IDPL) on Friday said it has achieved financial closure for two of its road projects in Maharashtra, reports...

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MDT/PTI 07 December 2012
Infosys would help India Post transform its banking and insurance operations - covering more than 200 million banking customers across urban and rural India Kolkata: IT company Infosys is planning to roll out in about two years, its Rs700-crore project that would help India Post...

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MDT/PTI 07 December 2012
The alleged transactions by StanChart mainly involved US dollar transfers for state-owned Iranian banks, including the central bank, that fell under US sanctions aimed at curtailing Iran's controversial nuclear programme Hong Kong: British bank Standard Chartered has said it expects to...

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MDT/PTI 05 December 2012
A week after the expiry of deadline that the lenders had set to Kingfisher management to come up with a revival plan, including a $1 billion capital infusion, State Bank of India has said the banks are trying everything to find an amicable solution Mumbai: State Bank of India (SBI), the...

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MDT/PTI 05 December 2012
After the exit from Kurdistan and Yemen, RIL now is left with a portfolio of 10 overseas oil and gas assets including two each in Peru, Yemen, Oman and Colombia and one each in East Timor and Australia New Delhi: Reliance Industries Ltd (RIL) on Wednesday said it has completed sale of...

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MDT/PTI 05 December 2012
In current fiscal, LNG imports will jump to 73 mmscmd and are projected to further rise to 105 mmscmd in 2013-14, equalling the domestic gas production in India   New Delhi: India's import of natural gas will surpass domestic production in two years as output from fields like Reliance...

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Moneylife Digital Team 05 December 2012
Unlike its earlier order that imposed severe time restrictions on Sahara, the apex court today gave the Subrata Roy-led Sahara Group time till February to repay Rs24,000 crore it had raised from investors through bond sales plus an interest of 15% on the amount. This order is quite different...

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Should you buy now or wait till next year? This season, the pre-Diwali discounts and marketing efforts for a variety of automobiles and two-wheelers have reached new highs (or lows, depending on how you look at things). Players like General Motors and Toyota have made far more noise than...

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MDT/PTI 05 December 2012
The High Court said, RIL should be given a fair chance to be heard in the matter as the disclosures pertain to the company   Mumbai: The Bombay High Court has asked market regulator Securities and Exchange Board of India (SEBI) to make Reliance Industries Ltd (RIL) a party to its...

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MDT/PTI 05 December 2012
GlaxoSmithKline would buy 31.8% additional stake in its unit GlaxoSmithKline Consumer Healthcare for Rs3,900 per share Mumbai: UK-based GlaxoSmithKline Plc's open offer to acquire 31.8% stake in its Indian subsidiary GlaxoSmithKline Consumer Healthcare Ltd will begin on 17th January...

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MDT/PTI 04 December 2012
Canada gave its final clearance to the project under which ArcelorMittal-led consortium will begin construction of the new iron-mine close to Arctic   Toronto: Facing hurdles in France, Luxembourg-based ArcelorMittal on Tuesday got green light from Canada for its multi-billion dollar...

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MDT/PTI 04 December 2012
A bench headed by Chief Justice Altamas Kabir granted one more day to Sahara which sought additional time to make a statement on when it would return Rs27,000 crore invested by people in its two companies   New Delhi: Sahara group was on Tuesday given a day more by the Supreme Court...

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MDT/PTI 04 December 2012
According to TMC, the total dues on the premises where the ATM of HDFC Bank is located are Rs13.64 Lakh including Rs12.40 lakh as property tax Thane: Thane Municipal Corporation (TMC) has sealed an HDFC Bank ATM in the city for alleged non-payment of property tax to the tune of Rs12.40...

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MDT/PTI 03 December 2012
The apex court had reimposed the restriction of 200 SMSes that can be sent in per day per SIM New Delhi: The Supreme Court on Monday stayed order issued by Telecom Disputes Settlement and Appellate Tribunal (TDSAT), which had quashed the sector regulator Telecom Regulatory Authority of...

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MDT/PTI 03 December 2012
Mumbai International Airport may now slap an eviction notice on the cash-strapped airline, owned by Vijay Mallya and lease out the space to other carriers Mumbai: In fresh trouble for beleaguered Kingfisher Airlines, Mumbai International Airport Ltd (MIAL) may issue an eviction notice...

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MDT/PTI 03 December 2012
The Singapore High Court stayed the unilateral termination of GMR's $500 million Male airport project by the Maldivian government. However, the Maldivian government made it clear that they will not honour the HC order Singapore/Male: Indian infrastructure company GMR on Monday won a...

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MDT/PTI 03 December 2012
Total number of complaints lodged by telecom subscribers have come down to 17,425 complaints per month from 47,454 complaints per month a year ago New Delhi: The average number of complaints against telemarketing calls has declined to 17,425 per month now from an average 47,454 monthly...

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MDT/PTI 03 December 2012
The Supreme Court, however, granted a day’s time to the two Sahara group companies to inform it if they would be able to refund the money or not The Supreme Court on Monday rapped Sahara Group for not refunding Rs27,000 crore to investors, who had put their money into its two...

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Moneylife Digital Team 30 November 2012
For the first time in history, Indian steel companies are forced to import iron ore as domestic production has almost come to a halt, courtesy the Shah Commission report In an irony, several steel/pig iron producers from India, which is the third-largest exporter of iron-ore, are...

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