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September 17, 2010 by | No Comments
After their success in the residential property space, real estate bigwig DLF is now likely to launch its first commercial project, reports CNBC-TV18 quoting sources. The project which is likely to garner over Rs 1500 crore will be launched shortly in Gurgaon and will have a total saleable area of 1.2 m square feet. The [...]
August 20, 2010 by | No Comments
So-Net, the Internet unit of Japan’s Sony Corp, is among the parties interested in buying a Taiwan cable TV firm being sold by private equity firm MBK Partners, an official at the cable firm said on Thursday. Earlier Taiwan’s Commercial Times newspaper said that So-Net was offering T$6 billion (USD 188 million) to buy the [...]
August 20, 2010 by | No Comments
Mobile phone handset maker Micromax Ltd has shortlisted Citigroup, Edelweiss and JM Financial for an initial public offering to raise as much as USD 150 million, two sources with direct knowledge said on Thursday. The share offering could be launched towards the end of this year and the documents to seek the market regulator’s approval [...]
August 20, 2010 by | No Comments
Chip maker Intel Corp said Thursday it agreed to buy security technology firm McAfee Inc for about USD 7.68 billion in cash in an effort to boost its security offerings. Under the terms of the deal, Intel said it would pay USD 48 per share in cash for McAfee, which would become a wholly owned [...]
August 20, 2010 by | No Comments
The GVK Group has big plans for Bengaluru international airport. And it all begins with an investment of Rs 1,000 crore, reports CNBC-TV18 Vineeta Athrey. Bengaluru International Airport is all set to get a makeover as the GVK Group expands the airport’s terminal 1 over the next 18 months. This Rs 1,000 crore facelift comes [...]
August 20, 2010 by | No Comments
Gati Corp is demerging its shipping business into a wholly-owned subsidiary confirms Managing Director and Chief Executive Officer Mahendra Agarwal. It is also looking at roping in a strategic or financial partner in the newly hived-off entity along with divesting 26% stake in the same. “The demerger process may take four to five months.” In [...]
July 21, 2010 by | No Comments
A majority of economists expect the Reserve Bank of India (RBI) to raise key interest rates by 25 basis points in its quarterly review on July 27 and tighten policy further in coming quarters, a new Reuters poll showed. While headline inflation has been in double-digits for five months running and economic growth is expected [...]
July 14, 2010 by | 1 Comment
Though many are of the view that India’s wholesale price inflation can come down to 5-6% by December, RBS believes it to remain in double digits till July and says it will start easing off only from August. “We may not see foodinflation coming down till this year-end,” he adds. Further commenting on the industrial [...]
July 14, 2010 by | No Comments
Tata Steel, the world’s No. 8 steelmaker, plans to raise about USD 2 billion through fresh equity over the next quarter to help fund expansion in India and abroad, the Financial Chronicle said on Wednesday. The steelmaker had sounded out investment banks to finalise a lead arranger for the offering, the newspaper said, citing bankers [...]
July 14, 2010 by | No Comments
The Finance Minister Pranab Mukherjee today said that the joint committee envisaged by the Unit Linked Insurance Plan or ULIP ordinance won’t hurt the independence of regulators. He said the government will have a minority of three members in the committee and the four regulators will have a majority. Mukherjee said, “The ordinance raises clearly the point [...]
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