Kotak Mahindra Bank on Thursday said it planned to expand its network to about 75 branches in three years.
Reliance Communications is in advanced negotiations with three top US-based telecom tower companies for divesting a strategic 26 per cent equity stake in Reliance Telecom Infrastructure.
As many as 379 cases of central excise duty evasion were registered in 2013-14.
FMCG major Godrej Industries Ltd will invest Rs 500-700 crore (Rs 5 to 7 billion) over five years to expand Aadhar, a chain of supermarkets in rural India, which hawks goods ranging from fertilisers, pesticides, animal feed and FMCG products.
Though Mistry does not make it to the club of the top 10 highest paid India Inc leaders, he will be among the next 10.
Notable gainers were Gail, ONGC, Tata Steel and Sun Pharma.
The CAG report, tabled in Parliament, states the interest on the short payment stood at Rs 1,052.13 crore for the period up to March 2016.
Belgium-based Hansen Transmission, a Suzlon Energy subsidiary, has raised euro 400 million (about Rs 2,300 crore) by issuing 164 million shares through an initial public offering (IPO) to fund plans in India and China.
The public sector oil companies -- Indian Oil Corporation, Bharat Petroleum and Hindustan Petroleum -- may suffer a Rs 25,000 crore revenue loss on fuel sales this fiscal, said S Behuria, chairman and managing director, IOC.IOC, BPCL and HPCL incurred a revenue loss of Rs 1.03 lakh crore on sale of petroleum fuel in 2008-09. The global rise in crude oil prices will increase the under-recoveries for PSUs on sale of fuel at controlled prices.
The loan will be at an interest rate of 7.5 per cent and for a period of three years. "We have negotiated with SBI for Rs 600 crore (Rs 6 billion) and Rs 300 crore (Rs 3 billion) will come immediately and the rest will come by March-end," said a senior AAI official.
Rise in portfolio value triggers higher dividends.
OIL is planning an IPO to raise Rs 1474 crore to assist in its expansion plans.
Rewarding the government for its 100 per cent shareholding, the country's largest telecom operator BSNL will pay Rs 1,175 crore (Rs 11.75 billion) dividend to it for 2004-05.
At the BSE, 1,791 stocks declined, while 948 advanced, 110 stocks remained unchanged.
Because of the slowdown, GIC's housing loan disbursement had been 'static', but it would pick up by the second half of this fiscal. Till september this year, the disbursal was Rs 290 crore (Rs 2.9 billion), M Sivaraman, managing director, told reporters in Kochi on Monday night.
From the 30-Sensex pack, 26 stocks ended with gains led by Tata Steel and ICICI Bank
The United States has imposed a highest ever penalty of nearly US $ 4 million (Rs 18 crore) on a Chinese subsidiary of an American company for illegally exporting high-tech coatings to Pakistan's under-construction Chashma 2 nuclear reactor.
Consortium of 10 banks, led by the State Bank of India, has sanctioned the entire debt requirement of Rs. 11.480 crore for the project.
Telecom subscriber base crossed the 95-crore mark in August, after a gap of more than two years, on the back of higher mobile users whose number touched 92.43 crore.
It was because of strong inflows into debt-oriented schemes that saved 2019 from being a "dark-dull year of investing" as inflows into equity funds has dropped this year due to a volatile market.
The government has allowed ONGC Videsh, the foreign arm of state-owned Oil and Natural Gas Corp, to make investments of up to Rs 300 crore (Rs 3 billion) in oil and gas properties abroad without going to the Cabinet for approval.
The net worth of the five richest - Mukesh and Anil Ambani, KP Singh, Sunil Mittal and Azim Premji - on Monday plunged by Rs 11,015 crore (Rs 110.15 billion), taking their total loss to about Rs 67,200 crore (close to $17 billion) since October 17, when the meltdown began on the bourses.
Under another scheme of cumulative deposit plan, Tata Motors, which met with cold response from investors to its two separate rights issues last year to raise Rs 4,147 crore (Rs 41.47 billion) to partly fund its Jaguar and Land Rover deal, would offer 8.58 per cent interest on a minimum deposit of Rs 20,000 for two years and 9.88 per cent for three years.
With the listing of Mundra Port and SEZ (MPSEZL) on the bourses, the worth of Adani Group chairman Gautam Adani and his brother is Rs 39,051 crore (Rs 390.51 billion).
Software exporter HCL Technologies on Tuesday reported a standalone net profit of Rs 192.94 crore (Rs 1.92 billion) for the quarter ended June 30, 2009, while it had a net loss of Rs 13.54 crore (Rs 135.4 million) in the corresponding period previous fiscal.
Steel secretary D R S Chaudhary said that the government is planning to sell 10 per cent stake.
United Phosphorus Ltd has posted a net profit of Rs 30.75 million for the quarter ended December 31, 2002 as compared to a net profit of Rs 15.82 million for the quarter ended December 31, 2001.
The auction is the biggest ever sale of 2G and 3G airwaves.
Reflecting substantial financial stress, diversified Jaypee Group companies have defaulted on loans and other payments worth Rs 4,460 crore (Rs 44.60 billion).
SBI Life Insurance on Wednesday hiked its paid-up capital to Rs 250 crore (Rs 2.5 billion) from Rs 175 crore (Rs 1.75 billion) and foreign equity in the company may go up to 49 per cent if the government hikes the foreign direct investment limit in
Production at every automotive facility, offices of information technology firms and retail establishments in the state remained shut on Tuesday as a mark of respect to the late chief minister.
Post the sale, Batni's stake in the firm declined to 0.095 per cent (549,847 shares).
Azure Power, an independent solar power producer, is in the process to set up 15 Mw solar photovoltaic power project in Gujarat.
The company, which is present in India through a joint venture with the Kirloskar Group, will invest Rs 898 crore (Rs 8.98 billion) to expand the production capacity of the two plants by 2013.
Country's leading domestic and multi-national banks figured among the top 10 advance tax paying corporates in Mumbai in 2006-07.
