BS Reporters In New Delhi

Stories by BS Reporters In New Delhi

RCom gets nod for SEZ

RCom gets nod for SEZ

Rediff.com   11 Sep 2007

Reliance Communications has received approvals from Maharashtra and MIDC for its proposed 45-acre special economic zone.

SBI gives Tata $1 bn for Corus buy

SBI gives Tata $1 bn for Corus buy

Rediff.com   11 Sep 2007

The bank has agreed to provide up to $1 billion to Tata Steel's special purpose vehicle, Tata Steel UK, to refinance $7.2 billion of bridge loans taken for the biggest buyout by an Indian company.

Industry wary of new Internet policy

Industry wary of new Internet policy

Rediff.com   27 Aug 2007

The Internet service policy unveiled on Saturday is likely to hit the industry hard. It may wipe off small and medium players in the country.

JSW buys 3 firms for $940 mn

JSW buys 3 firms for $940 mn

Rediff.com   22 Aug 2007

Sajjan Jindal-promoted JSW Steel on Tuesday announced the acquisition of Jindal United Steel Corporation, Saw Pipes USA and Jindal Enterprises LLC

Bumpy week awaits Dalal St

Bumpy week awaits Dalal St

Rediff.com   13 Aug 2007

Stock investors can expect another rollercoaster ride on Dalal Street this week as the equity markets remain vulnerable to meltdown in the US sub-prime mortgage

Haier India acquires Daewoo Anchor

Haier India acquires Daewoo Anchor

Rediff.com   10 Aug 2007

As a part of its localisation strategy, the $13.9 billion Chinese consumer durables major, Haier's Indian operations on Friday announced the acquisition of Daewoo Anchor Electronics in India.

Pepsi launches small cans to spur sales

Pepsi launches small cans to spur sales

Rediff.com   8 Aug 2007

Beverages giant PepsiCo on Tuesday launched 250-ml Pepsi cans at Rs 15, a price point that's 40 per cent lower than the existing 330-ml cans available at Rs 25.

Puravankara Projects revises IPO issue price

Puravankara Projects revises IPO issue price

Rediff.com   4 Aug 2007

Unstable markets have prompted Puravankara Projects, a Bangalore-based real estate company, to revise its initial public offer price from Rs 500-525 per share to Rs 400-450 per share.

HUL to buy back equity at up to Rs 230 a share

HUL to buy back equity at up to Rs 230 a share

Rediff.com   30 Jul 2007

The shares will be bought in the open market on both the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) over a period of time.

BSNL gives in to Raja, halves GSM tender

BSNL gives in to Raja, halves GSM tender

Rediff.com   17 Jul 2007

The deal will be limited to 2G lines only.

Indian doctors uneasy about life in Britain

Indian doctors uneasy about life in Britain

Rediff.com   6 Jul 2007

Although there are fears that the revelations mean tougher times for Indian medical professionals seeking employment in the UK, the fact is that the UK is no longer the El Dorado it was once for Indian doctors.

Gail's Kochi complex shelved: Deora

Gail's Kochi complex shelved: Deora

Rediff.com   25 Jun 2007

The proposed Rs 7,000-crore (Rs 70-billion) petrochemical complex of Gas Authority of India at Kochi has been shelved for the time being due to technical issues, according to Minister of Petroleum and Natural Gas Murli Deora.

Spice Comm plans Rs 520 crore IPO

Spice Comm plans Rs 520 crore IPO

Rediff.com   20 Jun 2007

Spice Communications, a company that offers GSM services in Punjab and Karnataka through its Spice Telecom brand, intends to raise Rs 520 crore (Rs 5.20 billion) through its initial public offering (IPO).

Private airlines' international plans on hold

Private airlines' international plans on hold

Rediff.com   16 Jun 2007

Cabinet refers policy on aviation to GoM.

Ispat Group to invest $3bn in Bangladesh

Ispat Group to invest $3bn in Bangladesh

Rediff.com   12 Jun 2007

The Vinod- and Pramod Mittal-controlled Ispat Group is all set to invest around $3 billion (Rs 12,000 crore) in Bangladesh in a gamut of sectors, including gas exploration and production, power, petrochemicals and coal mining.

Regional carriers to have separate norms: Patel

Regional carriers to have separate norms: Patel

Rediff.com   12 Jun 2007

The government plans to formulate a separate set of policies for regional airlines, Union Civil Aviation Minister Praful Patel said on Monday.

Tata Tea buys 25.7% in Mt Everest

Tata Tea buys 25.7% in Mt Everest

Rediff.com   2 Jun 2007

Intends to acquire control of owner of 'Himalayan' water brand.

Fiscal deficit at 3.5%, lower than forecast

Fiscal deficit at 3.5%, lower than forecast

Rediff.com   1 Jun 2007

The central government's fiscal deficit -- the difference between its total expenditure and receipts, excluding borrowings -- for 2006-07 has been reined in at 3.5 per cent of gross domestic product.

Cabinet nod to Navi Mumbai airport

Cabinet nod to Navi Mumbai airport

Rediff.com   1 Jun 2007

The Cabinet on Thursday approved construction of the second international airport at Navi Mumbai in Maharashtra.

Idea close to snapping up Spice Telecom

Idea close to snapping up Spice Telecom

Rediff.com   31 May 2007

Idea Cellular, the fifth largest mobile operator in the country with around 15 million subscribers, is believed to be on the verge of clinching a cash-cum-equity buyout of Spice Telecom that values the latter at around $1 billion.