The Oil and Natural Gas Corporation will pay Rs 852 crore (Rs 8.52 billion) for subsidising petrol and diesel during January-March quarter but state gas utility GAIL India has been spared from the subsidy burden.
Berger Paints India Ltd decided not to amalgamate its arm Berger Auto & Industrial Coatings Ltd with the company.
Investment Trust of India Ltd plans to seek members' approval for amalgamation of HFCL Infotel Ltd with the company.
Addressing a press conference before the launch of the bike, Deepak said Bhopal provides huge opportunity for expansion and the company is looking forward to introduce and promote its range of products in the city. With increased choices now available in the market, he said Indian youth today were actively on a look out for brands that have a high 'style and attitude' quotient.
The approval to bring in the FDI is subject to compliance with RBI and SEBI guidelines, besides subjected to approval of the relevant high courts for the demerger of distribution business of Volvo India. The finance ministry had already approved the FDI proposal of Volvo to invest $30 million (Rs 123 crore) for induction of foreign equity up to 8.1 per cent by way of acquisition of shares in EML.
State-owned oil producers are planning to upgrade security arrangements protecting their oil installations in Assam following a series of bomb blasts on Thursday that left many dead and injured.
The judge was also of the view that 'the gravity of the allegations levelled against petitioners (Sonia, Rahul and others) has a fraudulent flavour.
Nicholas Piramal India Ltd said Bombay High Court approved its merger with Global Bulk Drugs & Fine Chemicals Pvt Ltd.
Tricom India Ltd said High Court approved its plan to demerge its finance and investment division to a separate company.
The World Bank will give a loan of $1 billion (about Rs 5,000 crore) to power transmission company PGCIL this year for developing infrastructure in the sector.
Honda Cars India Ltd is looking to hike prices of its entire product range in the country from the first week of January as it aims to partially offset the effects of adverse exchange rate and inflation.
The WIPO's Arbitration and Mediation Centre transferred the domain name 'Rediffmobile.com' registered by a nondescript Vancouver company to Rediff.com India Ltd. The panel which went into the complaints of rediff.com held that the Canadian company has 'no rights or legitimate interests' in the domain name in dispute which was used in 'bad faith' by its owner to associate itself with the online Indian company.
Karnataka, which implemented the e-stamping system in Bangalore on Friday to prevent fraudulent practices in stamp paper-based transactions and registrations, plans to extend it across the state in a phased manner. The system, launched in association with Stock Holding Corporation of India Ltd (SHCIL), has been designed to prevent paper and process-related fraudulent practices in registration.
India's largest car manufacturer Maruti Suzuki India Ltd has resumed its small car exports to Europe after four years and hopes to export about 150,000 cars in the 2010-11 fiscal, a top company official said here on Saturday.
Gillette India Ltd plans to publish audited financial results for the year ended December 31, 2002 by March 31, 2003.
Five leading unions (INTUC, AITUC, BMS, HMS, and CITU) had given the strike call from January 5 to 7 to press for their wage revision demand. However, with the Coal India management and the unions entering into a memorandum of understanding on the wage agreement in Hyderabad on Sunday, the strike has been called off.
Datasoft Application Software India Ltd decided to curtail the operations of its software division, wind up the Dubai and Singapore branches.
The divergence shows lack of financial depth in the Indian stock markets.
Aventis Cropscience India Ltd plans to publish audited financial results for the year ended December 31, 2002 by March 31, 2003.
The CD, which will have 1940s' film songs, will remind Pakistanis of undivided India and the undivided talent in the Bombay film industry. The first song is Jab Dil Hi Toot Gaya by Kundan Lal Sehgal from the film Shahjahan. The album signs off with the title track of Kabhi Alvida Na Kehna by Sonu Nigam.
The offer will be open from September 7 to 11 and the price-band has been fixed between Rs 950 and Rs 1,050 per equity share. OIL, which produces 3.5-million tonnes of oil annually, will offer 2.64-crore equity shares to the public through the IPO.
Toyota had announced a global recall of 65 lakh vehicles to rectify a power window glitch, which could lead to fire risk.
Maruti Suzuki India managing executive officer (production) M M Singh said that although commodity prices had come down, the company was still 'struggling with (high) steel prices.' By 2010, Maruti plans to produce one million units from its two plants at Gurgaon and Manesar in Haryana.
A report in today's Globe and Mail reveals that officials of the Canada's Atomic Energy Commission Ltd. spent 6 days in New Delhi during which they had a series of meetings with their counterparts in India's Department of Atomic Energy and the Nuclear Power Corporation of India Ltd. to see how AECL could re-enter the Indian market after Canada's embargo of almost 35 years in the nuclear field.
IEX, promoted by Financial Technologies, will be a pan India neutral and transparent electronic demutualized exchange for efficient price discovery in the electricity market. PTC India Ltd has consented to take 26 per cent stake in IEX.
The onus is on the banks to pass the benefit to customers.
The first unit of the Kudankulam Nuclear Power Plant was synchronised with the southern power grid on Tuesday, marking a major milestone in power generation of the ambitious Indo-Russian nuclear collaboration in Tamil Nadu.
Delco Remi Electricals India Ltd said promoters propose to make an offer for the remaining 1.82 per cent or 68,450 shares.
Two years after India entered the product patents regime, the year 2007 saw Indian drug firms striving to shed the copycat image and become innovators with emphasis on research activities even as they resisted moves to include more medicines under price control.
D-Link India Ltd plans to set up a call centre in Goa to cater to English speaking D-Link overseas business globally.
"We have successfully carried out the 'C check' on two of our B-777 aircraft and work on the third one is expected to be completed within a month," National Aviation Company of India Ltd (NACIL) SBU-Head (Engineering), K M Unni, told media persons in Mumbai.
Thomas Cook India Ltd board will meet on February 24 to consider the unaudited financial results for the quarter ended January 31, 2003.
The government is bullish on Coal India and ONGC's stake sale programme which are to be held soon.
Israel has expressed interest in sharing its expertise on water purification and waste water treatment under Prime Minister Narendra Modi's pet project for cleaning river Ganga.
"Sooner or later, a greater part of our businesses will surely be taken up by the exchange, a more transparent platform," said a senior official from PTC India Ltd, the country's largest power trading company that accounts for about a quarter of the total volume of electricity traded in the country. Interestingly, PTC is one of the co-promoters of the exchange. Another major player in the power trading sector, NTPC Vidyut Vyapar Nigam Ltd, has confirmed similar apprehensions
Kodak India Ltd will publish the audited financial results for the year ended December 31, 2002 by the second week of March 2003.
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