Realty plans hit roadblock; delay could hit modernisation
Reliance Industries Limited (RIL) is set to carry out a major restructuring exercise. Nine of its retail units would be merged with Reliance Retail and Reliance Fresh.
The group was originally planning to raise a $100-million (around Rs 560 crore today) offshore fund but is now targetting $200 million, said Amit Goenka, managing director and chief executive of Essel Financial Services, the group's financial services arm.
The company adopted the scheme from parent Suzuki, where employees are rewarded for making suggestions to improve productivity and cut wastage.
The price would increase from $4.2/mbtu to $10/mbtu if Rangarajan formula is accepted.
A large part of this investment, about Rs 5,000 crore (Rs 50 billion), would go to the Paradip refinery
Thomas Cook, which is looking to shift its offices to one of the places such as Lower Parel, Dadar, Bandra Kurla Complex or Andheri, is likely to take a decision in the next three to four months.
Oil marketing companies decrease distribution & production of fuel brands after huge drop in demand.
Prime property rates in South Mumbai at Rs 60,000 a sq ft remain high despite a slowing realty market.
Developers and consultants said even buyers have not been showing much enthusiasm in booking properties, due to high prices and the overall lacklustre economic environment.
Bank issues public notice with photograph in Reid & Taylor default case.
To join 'Big Bazaar Profit Club', a customer has to pay Rs 10,000, after which he can shop for Rs 1,000 a month for 12 months.
RIL also reported measures taken to check falling output in the KG-D6 field.
B-schools cite high inflation and rising operational costs behind the move.
At Rs 340 a square feet a month, the nine-year pact is among the costliest.
The company's total debt is Rs 5,500 crore (Rs 55 billion) as of December 31, 2012.
Tesco, which has a franchise agreement with Trent Hypermarkets for the latter's back-end operations, is believed to be interested in investing in those hypermarkets
FMCG giant HUL sold or leased its landmark commercial properties, including its former headquarters, last year.
To operate large wholesale markets and imports.
On January 17, when the government decided to allow state-owned oil companies to sell diesel at market price to bulk consumers, companies in the alternative energy space saw the opening of an opportunity.
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