The company seeks floor area ratio of 3, against the permitted 2, from Uttar Pradesh.
A strong rupee has badly hit the Tirupur knit garment manufacturers in Tamil Nadu.
Satyam Computers founder and chairman Ramalinga Raju has resigned from the company.The company's managing director B Rama Raju has also resigned.
Moody's said the asset quality of the banks will remain under pressure.
The second day of auction for 2G spectrum started at 0900 hours on the back of demand for spectrum in the Bihar telecom circle.
Consumer electronics and home appliances company Videocon, plans to invest a sum of Rs 10,000 crore (Rs 100 billion) in Madhya Pradesh for setting up a power plant, television manufacturing unit and for building a hospital, a top company official has said.
However, the cumulative gains of these six companies at Rs 35,716.85 crore was less than the total loss seen by the four firms - TCS, ITC, HDFC and CIL
India will see a staggering Rs 10,000 crore (Rs 100 billion), equivalent to the foreign direct investment it received in 1995-96, being spent on Lok Sabha polls this summer, with a fourth of the amount expected to be splurged on voters.
Fin Tech raises Rs 450 cr through FCCBs.
The e-auction is seeing aggressive bidding.
Out of the 30-share Sensex pack, 25 scrips ended with gains while 4 registered loss. Sun Pharma ended steady
The one-day auction was held on the National Stock Exchange platform on Monday for grant of investment limits to FIIs, for government debt securities worth Rs 5,533 crore (Rs 55.33 billion), but the bids received by FIIs (foreign institutional investors) totalled as much as Rs 10,146 crore (Rs 101.46 billion).
Liberty Shoes ltd will set up three new manufacturing units to double production capacity to 100,000 pairs of footwear per day in the next three years, and is planning to invest Rs 160 crore
Apart from outlining its future plans for the development of Bihar, Chief Minister Nitish Kumar led party also referred to poll promises made by the rival Grand Alliance, including approving 10 lakh jobs, and sought to know from where would they manage Rs 5 lakh crore additional money that will be required for fulfilling their 'lofty' announcements.
The sleuths of the department seized over Rs 4 crore in new currency, mostly in denomination of Rs 2000, some notes of Rs 100, demonetized notes of Rs 500 and a few gold biscuits
Tyre maker Apollo Tyres is set to expand its operations through a greenfield project in Tamil Nadu at a cost of Rs 500 crore
'Some of the associations have not got funds for three years and they don't have reserves while others have done infrastructural work by digging into fixed deposits. Now they are supposed to get at least 105 crores (Rs 35 Cr x 3 years) plus interest. But I don't think anyone will get that kind of money at one go'
Banks and housing finance companies (HFCs) are trying to figure out their exposure to real estate projects in Noida Extension, which have come under cloud after courts cancelled land acquisition in several villages by Greater Noida authorities.
In another twist to the feud between the Ambani brothers, the younger sibling Anil's Group is understood to have filed a defamation suit for a whopping Rs 10,000 crore (Rs 100 billion) against elder Mukesh Ambani for remarks purported to have been made by him in an interview with the New York Times several weeks ago.
The company has already received an approval to spend Rs 50,000 crore (Rs 500 billion) for commercialising two of its biggest gas discoveries in the D6 block located in the KG basin. "In a letter to oil regulator Directorate General of Hydrocarbons, the company has submitted one more development plan for Rs 10,000 crore as additional capex (capital expenditure) for the block.
Videocon Group Chairman Venugopal Dhoot on Thursday clarified that the group would be paying Rs 950 crore (Rs 9.5 billion) to the Maharashtra government's town and industrial infrastructure subsidiary CIDCO for a 100-hectare plot in Navi Mumbai and not Rs 300 crore (Rs 3 billion) as claimed by some people.
The government has cleared 19 foreign investment proposals, including that of Walt Disney Company and Reckitt Benckiser (India), entailing total investment of Rs 2,326.72 crore (Rs 23.26 billion).
Taking its first step towards becoming a global home textile company and to access the UK market
Government has cleared 29 foreign direct investment proposals worth Rs 262 crore (Rs 2.62 billion), including the Rs 134.35 crore (Rs 1.34 billion) proposal by Atlas Copco to convert Indian operations into a wholly-owned subsidiary.
QIP is a capital raising tool, whereby a listed company can issue equity shares, fully and partly convertible debentures, or any securities other than warrants that are convertible to equity shares to a Qualified Institutional Buyer.
Life Insurance Corporation of India, which is among the largest property owners in India, is planning to acquire land worth Rs 2,000 crore (Rs 20 billion) this year to develop commercial and residential complexes. This will be in addition to the Rs 1,100 crore (Rs 11 billion) it spent last year for purchasing lands across the country.
Worli-Haji Ali sea link project was awarded by Maharashtra State Road Development Corporation to the company in February 2010.
The companies having suffered large erosion in values included Tata Motors, TCS, Tata Steel, Tata Power and Titan Industries
The Indian National Overseas Congress has filed a $100 million (Rs 400 crore) libel lawsuit against three members of the so called Forum for Saving Gandhi's Heritage for allegedly defaming party president Sonia Gandhi during her visit to New York last year.
If the alliance works out as planned, it will give a big boost to Mahindra, as it has been struggling with its only car model Verito, managing to sell around 200 units a month
The Indian Railways will borrow Rs 15,000 crore (Rs 150 billion) from the market through its dedicated financing arm IRFC in the 2012-13 fiscal, Railway Minister Dinesh Trivedi said on Wednesday.
Residents of Singur in West Bengal's Hooghly district staged protests on Thursday when officials from Tata Motors came scouting for land to set up the manufacturing plant for the company's ambitious Rs 100,000-car project.
Under the long-term passive infrastructure sharing agreement, Etisalat DB, a joint venture between Etisalat and Dynamix Balwas Group and its subsidiary, would outsource their telecom infrastructure requirements for the 15 telecom circles, the company said in a statement.
Several factors force women out of the workforce. But mainly it's lack of good childcare facilities.
Today's slide of 438.41 points in the BSE Sensex took the three-day losses close to 1,500 points, cumulatively eroding investors' wealth by over 100 billion dollars (Rs 4,06,000 crore).The selling pressure continued despite the arrest of outflow by Foreign Institutional Investors. FIIs turned net buyers on Thursday on the bourses with purchase of shares worth Rs 125 crore (Rs 1.25 billion), from being net seller of about Rs 1,800 crore (Rs 18 bilion) a day before.
The spectrum auction has already generated record amount.
Billionaire Gautam Adani-led Adani Group on Monday announced a Rs 20,000-crore investment for expanding the capacity of its Gujarat ports to 100 million tons per annum by 2020.
