Zensar Technologies on Friday said one of its main promoters Japan's technology services major Fujitsu Group is going to sell its entire 29.17 per cent stake to Indian promoter Goenka's RPG Group.
The split of the Rs 19,000-crore (Rs 190 billion) RPG empire is now complete, with Rama Prasad Goenka's younger son, Sanjiv Goenka, on Wednesday stepping out of the shadow of the umbrella brand that traces its history to 1820.
RPG Cellucom, latest venture of the RPG Group in mobility retail plans to capture three per cent of the market share with revenues of Rs 3,500 crore (Rs 35 billion) in financial year 2008-09.
Diversified corporate house RPG Group will invest an estimated Rs 13,000 crore (Rs 130 billion) on tyre, retail and power businesses in the next couple of years.
Ranbaxy Laboratories Ltd will acquire RPG Aventis SA along with its fully-owned subsidiary, OPIH SARL, in France for an undisclosed sum.
RPG Cellucom India, which currently runs over 100 stores across the country showcasing a variety of products, including phones, notebooks and other accessories, will open 400 new stores by December next year targeting Rs 2,500 crore (Rs 25 billion) turnover by March 2009. Of the new stores, "150 will come up by this year end", RPG Cellucom Chief Executive Sunil Bhagat said at the launch of the 101st store.
Spencer's Retail, promoted by the Rs 11,500 crore (Rs 115 billion) RPG group, is in talks with international retailers for a possible joint venture in India. The company is exploring the JV route to introduce new formats.
The US Food and Drug Administration (USFDA) has issued a warning letter to RPG Life Sciences for violation of current good manufacturing practice (CGMP) norms at its two plants at Ankleshwar and Mumbai.
RPG Group, which owns the Spencer's brand of retail stores, will invest Rs 1,000 crore (Rs 10 billion) for opening nearly 365 supermarkets in the next one year.
The RPG group has earmarked an investment of Rs 12,000 crore (Rs 120 billion) for power and Rs 450 crore (Rs 4.50 billion) for carbon black as two of its thrust business focus areas over the next 2-3 years.
RP would agree that his four years in Presidency College, the influence of great teachers such as historian Sushobhan Sarkar ("I would go into a trance, listening to his lectures"), and regular visits to bookshops like Dasgupta and Dhar & Sons in College Street, made a bibliophile of him.
A meeting of the Board of Directors of RPG Cables Ltd will be held on January 30, 2003 to consider merger of a subsidiary company, Concepta Cables with the company.
The patriarch of the Rs 16,000-crore (Rs 160-billion) diversified conglomerate RPG Enterprises, R P Goenka said on Friday that the empire would be divided between his two sons by December this year.
In the biggest synergy in the Indian telecom industry, leading cellular service providers BPL Mobile, Escotel, RPG Cellular and Spice Telecom, have forged what they have named the 'MobileFirst' Alliance to provide enhanced value to their customers.
RPG Group said on Thursday it will invest Rs 2,500 crore (Rs 25 billion) in retail expansion across the country during the next four years.
RPG Life already has marketing tie-ups with Israel's drug major Teva for the EU market and with the US-based Apotex for the Canadian market.
A National Investigation Agency team, which reached the spot on Saturday evening, was also carrying out its investigation by visiting the spot, they said.
The blast occurred when Israeli reservists were preparing explosives to demolish two buildings in central Gaza when a Hamas militant fired a rocket-propelled grenade at a tank nearby. T
'The markets will correct, and they are bound to correct. The boom will turn into bust.' 'When this bust happens, people would lose like they have lost in the past.' 'Whatever you have made possibly in the last couple of years, you may lose in a couple of weeks. That's very much possible.'
Landa currently resides in Edmonton, the capital of Alberta in Canada, and is a member of Babbar Khalsa International.
A large number of women from Malom in Imphal West district blocked the road to the airport in protest against the killing of the policemen in Moreh.
He also shared that Israel has also asked the people of the Shati area in Gaza to vacate the area and for that, millions of text messages and leaflets were sent and dropped in the region.
A terror operative who was the main shooter in the grenade attack on the Punjab police intelligence headquarters in Mohali last year has been arrested from Uttar Pradesh, an official of the National Investigation Agency (NIA) said on Wednesday.
The juvenile was also wanted in the murder of builder Sanjay Biyani on April 5 in Maharashtra's Nanded and the killing of gangster Rana Kandowalia outside a private hospital in Amritsar on August 4 last year,
The Punjab Police has arrested five people in connection with the RPG attack at its Mohali office and pointed at the nexus of militant outfit Babbar Khalsa International and Pakistan's spy agency ISI.
...followed by financial services, IT, and sales and marketing.
The Punjab police is learnt to have detained a man from Tarn Taran district in connection with the explosion at the intelligence wing headquarters in Mohali, sources said on Wednesday.
Russia's brutal invasion of Ukraine entered its 46th week.
Industry leaders, including Mahindra Group chairman Anand Mahindra, RPG Enterprises chairman Harsh Goenka and Biocon Ltd chairperson Kiran Mazumdar-Shaw on Monday came out in support of the Agnipath scheme, saying it has large potential for employment of youth in the corporate sector. Mahindra also expressed dismay over the violence against the scheme while asserting that the farm equipment to aerospace conglomerate welcomes the opportunity to recruit trained, capable and young people under the programme. The Agnipath scheme, announced on June 14, provides for the recruitment of youths between the age bracket of 17-and-half years to 21 for only four years with a provision to retain 25 per cent of them for 15 more years.
Nikunj Saraf, Vice President Choice Wealth, answers your mutual fund queries.
Four franchises were involved in a bidding war with MI Cape Town making the initial move followed by Paarl Royals. However, towards the end it was Johannesburg Super Kings and Sunrisers Eastern Cape, who fought tooth and nail before the latter made a winning bid of R 9.2 million.
A total of 447 bodies was exhumed from the gravesite, including 22 soldiers and 5 children.
A huge cache of arms and ammunition, which includes an AK-47 rifle, magazines, grenades, RPG-7 rocket launcher, was recovered from the encounter site, he said.
A day after a rocket-propelled grenade attack on the Mohali-based intelligence wing headquarters of the Punjab police, Chief Minister Bhagwant Mann on Tuesday said "some arrests" have been made and the strictest punishment will be meted out to those trying to spoil the state's atmosphere.
The Punjab police on Friday claimed to have busted an ISI-backed terror module jointly handled by Canada-based gangster Lakhbir Singh alias Landa and Pakistan-based gangster Harvinder Singh Rinda with the arrest of two of its operatives.
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