BS Reporters In Pune, Mumbai

Stories by BS Reporters In Pune, Mumbai

Four suitors bid for 67% stake in Hutch

Four suitors bid for 67% stake in Hutch

Rediff.com   10 Feb 2007

The Ruias, Anil Dhirubhai Ambani group, Hindujas and Vodafone are all believed to have put in their bids.

Govt wants to cut Reliance SEZ size

Govt wants to cut Reliance SEZ size

Rediff.com   9 Feb 2007

The Centre has asked the Maharashtra government to reduce the size of the Reliance Industries-promoted Mahamumbai SEZ as it involves acquisition of over 10,000 hectares of land.

Corus' Dutch workers seek guarantees

Corus' Dutch workers seek guarantees

Rediff.com   6 Feb 2007

The demand comes close on the heels of Community, which represents more than 80 per cent of the company's UK employees, seeking talks with the Tata group

Cable operators face CAS crunch

Cable operators face CAS crunch

Rediff.com   6 Feb 2007

Broadcasters to see 30% drop in subscription revenue.

Alembic buys Dabur's non-oncology business

Alembic buys Dabur's non-oncology business

Rediff.com   2 Feb 2007

Dabur Pharma has sold its entire non-oncology business to Alembic for approximately Rs 167 crore

Tatas bet big on Corus, expansion

Tatas bet big on Corus, expansion

Rediff.com   29 Jan 2007

Tata Steel's greenfield projects -- in Orissa, Chhattisgarh and Jharkhand -- were significant for Corus, which incurred high cost on raw materials, said sources close to Tata Steel.

Meet Harish Thawani, the Nimbus CEO

Meet Harish Thawani, the Nimbus CEO

Rediff.com   27 Jan 2007

Meet the flamboyant Harish Thawani (46), the boss of Nimbus Communications who dons a diamond earstud.

UK panel starts talks with Tata, CSN

UK panel starts talks with Tata, CSN

Rediff.com   24 Jan 2007

The UK Takeover Panel has initiated discussions with the two suitors for Anglo-Dutch steelmaker Corus Group -- Tata Steel and CSN of Brazil -- to lay down the process for selecting the winner.

Bengal drafts cross-subsidy plan for IT land

Bengal drafts cross-subsidy plan for IT land

Rediff.com   23 Jan 2007

The West Bengal government is going all out to woo investors and cross-subsidisation using proceeds from sale of land is the new mantra.

Govt slashes customs duty on 11 items

Govt slashes customs duty on 11 items

Rediff.com   23 Jan 2007

In a moved aimed at bringing inflation under control, the government cut customs duty on 11 product categories, including portland cement, capital goods, project imports and raw materials, late Monday night.

Nimbus, DD face-off in court

Nimbus, DD face-off in court

Rediff.com   23 Jan 2007

Nimbus Communications filed a petition in the Delhi high court on Monday challenging the government's uplinking guidelines that directs private channels to share live sports feed of all cricket matches held in India with national broadcaster DD.

Interim pension reform to be notified soon

Interim pension reform to be notified soon

Rediff.com   23 Jan 2007

Finance Minister P Chidambaram has announced that the government will soon notify an interim investment pattern for pension funds, pending the passage of the Pension Fund Regulatory and Development Authority Bill in Parliament.

Cabinet okays edict to scrap SLR floor

Cabinet okays edict to scrap SLR floor

Rediff.com   12 Jan 2007

Under current laws, banks are required to maintain at least 25 per cent of the deposits under SLR by investing in government securities, which no longer provide attractive returns.

Govts vying to keep land losers happy

Govts vying to keep land losers happy

Rediff.com   26 Dec 2006

The governments of Orissa, Jharkhand, Chhattisgrah and West Bengal are trying to keep the land losers happy.

Four states to take over 100,000 acres

Four states to take over 100,000 acres

Rediff.com   24 Dec 2006

Over 1,00,000 acres will be taken over by the Chhattisgarh, Jharkhand, Orissa and West Bengal governments or government agencies

PM to kick-start Iisco expansion on Sunday

PM to kick-start Iisco expansion on Sunday

Rediff.com   23 Dec 2006

A proposed Rs 9,000 crore (Rs 90 billion) greenfield modernisation and expansion programme is expected to give a fresh lease of life to Iisco Steel Plant, a unit of Steel Authority of India.

PSU banks dither on rate hike

PSU banks dither on rate hike

Rediff.com   21 Dec 2006

Public sector banks want to pass on the increasing cost of funds to borrowers across the board, but are unwilling to take the plunge right away.

Vodafone may join race for Hutch

Vodafone may join race for Hutch

Rediff.com   20 Dec 2006

Ambani to up ante by $3 bn on Ruia's hint at larger premium.

UK Takeover Panel mulls auction for Corus

UK Takeover Panel mulls auction for Corus

Rediff.com   19 Dec 2006

The panel may also decide on a sealed process where bidders' offers are final, or a standard auction held over a period of days.

Spat has cost Wadia, Groupe Danone many opportunit

Spat has cost Wadia, Groupe Danone many opportunit

Rediff.com   18 Dec 2006

Mumbai-based Wadia group and French food major Groupe Danone are currently fighting it out in the Bombay high court with the next hearing scheduled for January 10, 2006.