UB Holdings facing a slew of legal cases over its exposure to the loans of now-grounded Kingfisher Airlines and increasing pressure from a consortium of lenders, may be forced to seriously go ahead with the transaction this time.
Ruias controlled conglomerate Essar on Thursday withdrew its $1.2 billion bid for acquisition of US steel company Esmark in the face of a higher bid by Russian steel giant Severstal which is supported by the Union. Essar has raised its bid from $17 dollar to $19 a share, but Severstal came up with a higher bid of 19.25 dollar per share. Severstal has got the support from the Unions of the US steel company, sources said.
Reliance has shut all of its 1,432 petrol pumps in the country after sales dropped to almost nil as it could not match the subsidised price offered by public sector competition. Public sector currently sells petrol at a loss of Rs 13.97 a litre and diesel at a discount of Rs 20.97 per litre. This revenue loss is made up by the Government through issue of oil bonds. Private firms were not entitled for the subsidy and priced fuel from their pumps at Rs 8-10 a litre higher.
Chelsea were declared the "autumn champions" by coach Jose Mourinho as they maintained their unbeaten start to the season with a 2-1 win at Anfield on Saturday that kept them four points clear of Southampton at the top of the Premier League.
Extensive anthropogenic interference, as part of developmental activities, is a significant factor that increases this hazard manifold. As a result, the landscape in the Himalayan, north-eastern regions and many other regions of India are highly susceptible to reoccurrence of landslides, says Dr Nitish Priyadarshi.
Railways must pull back its share of freight traffic.
Reliance plans to shut two-third of its 1,400 petrol pumps in the country by next month as it is unable to match the fuel price offered by state-run retailers, who get compensated by the government for selling fuel below the cost. Reliance and Essar make huge losses on selling petrol and diesel at prices higher than Indian Oil, Bharat Petroleum and Hindustan Petroleum. On an average, fuel at private outlets is costlier by Rs 4 to 5 a litre than the PSU pumps.
In the next three years, Tata Power will invest anywhere between $150-200 million.
IBM plans to increase its investments in its two software laboratories in Pune and Bangalore as part of its $1.5 billion security initiative in 2008, announced on November 1.
XLRI Jamshedpur announces the admissions notice for its 1-year post graduate certificate programmes in sales and marketing management and retail management.
India's non-playing captain Leander Paes on Friday took Prakash Amritraj to task for claiming to the media that he was fully fit for Friday's Davis Cup singles tie against Uzbekistan.
The report quoted unnamed sources at Land Rover as saying, "It is definitely Tata. There is one final meeting and so long as there is no last minute hitches, which are not expected, then an announcement will be made on Friday." The final details would be worked out in the next six weeks, it added. The report also quoted a union official as saying that Mahindra's bid fell flat because of links to a private equity firm as the Indian firm was working with Apollo.
Having lost the series 0-3 Belgium had the consolation of beating India 3-2 in the fifth and final match of the hockey Test series at the Mayor Radhakrishnan stadium in Chennai on Thursday night.
Olympique Lyon recovered from going 2-1 down and the dismissal of Fabio Grosso to draw 2-2 at home to Caen on Saturday to edge closer to a seventh successive Ligue 1 title.
Viva Kerala stunned Mohun Bagan 3-1 to register their first win in the I-league in Kolkata on Thursday.
Subhiksha, which opened its 1,000th store last month, is on an expansion spree ahead of its initial public offering (IPO). The IPO will take place before March next year. Initially, it aims to invest Rs 300 crore (Rs 3 billion) for funding 500 more stores which are to be opened by June 2008.
For long, the Gujarat government has been hard-selling the sea of business opportunities that its 1,600-km long coastline offers.
IOC's marketing director GC Daga said that the company is planning to open 1,000 rural outlets with Kisan Seva Kendras or farmer service centres attached to them.
West Ham United defender George McCartney scored his first club goal in over seven years on Sunday but Kevin Nolan made it 1-1 in injury time to snatch a Premier League point for struggling Bolton Wanderers.
Liverpool beat Everton 2-1 in a dramatic EPL Merseyside derby on Saturday at Goodison Park.
In a country where 35 to 40 per cent of food is not consumed, the government urgently needs to reduce wastage to an acceptable level.
Three Japanese submarine cable construction companies have been short-listed by Flag Telecom, a wholly-owned subsidiary of Reliance Communications
Atletico Madrid have a chance to pile more King's Cup misery on neighbours Real after eliminating Athletic Bilbao on Wednesday to set up a last-four clash against the bitter city rivals they beat in last year's final.
India rallied to an impressive 18-25, 25-17, 25-21, 25-19 win and will be up against Brazil in the third and final group encounter.
Have you tasted Besan ke ladoo cookies?
Health insurance has become a modern day necessity. Hence, it is vital that we understand how it works to make the best of it.
Telephony major Reliance Communications is believed to have short-listed three global IT companies - IBM, EDS and T-Systems - for its $1.5 billion outsourcing contract.
The machine, which weighs almost 2.5 Kg, has washed its hands off the traditional fingerprint reader that most of contemporary laptops sport.
Roberto Firmino's goal gave Brazil a 1-0 victory over Chile in a feisty friendly at the Emirates Stadium in London on Sunday, their eighth successive win since last year's disappointing World Cup campaign.
The multi-crore brands were being marketed and sold by Boots Piramal Joint Venture till September.
1,400 km pipeline will transport gas from KG basin to west coast.
Pakistan on Thursday test-fired its 1,300 km range nuclear-capable ballistic missile Hatf V, a day after it reached an agreement with India on nuclear risk reduction.
Mark Zuckerberg, the 29-year old chief executive who co-founded Facebook in his Harvard dorm room, said the company was beginning to reap the benefit of investments to retool certain products.
"We are also enough nuclear capable," Defence Minister A K Antony said.
Kisan Baburao Hazare is supporting Mamata Banerjee's Trinamool Congress and attempts are afoot to form an alternative Third Front. Will these alliances really work, asks Bharat Bhushan.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances