Chennai-based Ashok Leyland Ltd, the second largest truck maker in India, has inaugurated an integrated manufacturing facility at Pantnagar, Uttarakhand. This unit, in which Rs 1,500 crore (Rs 15 billion) have been invested, is the company's seventh.
Essar will have to pay capital gains tax, as the company will be gaining from the deal.
TCS, Infy, Wipro among those that have bagged a five-year deal.
That's the only way to convince those who have money to return to the bank fold, ditching other asset classes, says Tamal Bandyopadhyay.
The Enforcement Directorate on Saturday said it has searched the Bengaluru-located office and residential premises of Edtech major BYJU's and its CEO and co-founder Raveendran Byju and seized 'incriminating' documents and digital data as part of a foreign exchange violation probe.
The government's aim is to ensure it gets to its Rs 40,000-crore (Rs 400-billion) target from disinvestment proceeds before the end of 2010-11.
'We treat attrition as a business problem, not just an HR problem,' says Amitabh Chaudhary, Infosys BPO CEO.
The MCA notification lays down a deadline of August 31 for the fulfillment of the KYC requirements
The Indian Navy's firepower is going to be significantly boosted with the addition of four heavy warships. The navy's design chief, Rear Admiral MK Badhwar, has confirmed for the first time, to Business Standard, that the Defence Acquisition Council --the top procurement body in the Ministry of Defence --has cleared Project 15-B, the construction of four 6800-tonne destroyers by Mazagon Dock Ltd, Mumbai.
New norms are in place to strengthen regulations for this set of lenders which has been playing a critical role in Asia's third largest economy, notes Tamal Bandyopadhyay.
K Raghavendra Rao, the promoter and the managing director of Chennai-based Orchid Chemicals and Pharmaceuticals Ltd, has managed to garner the support of large institutional investors to thwart a takeover attempt.Solrex (believed to be a company of the Ranbaxy promoter group), is known to have bought 12 per cent in Orchid so far, which is being seen as the first steps towards a hostile takeover of the company.
'With the current situation in the global job market, students come back with an added burden of educational loans.'
The Reserve Bank of India (RBI) raised the minimum capital requirement for so-called shadow banks and tightened rules on deposits and bad loans to avoid any potential risk to the economy from these rapidly growing finance firms by regulating them like traditional banks.
This will push the size of the division to 25,000. Pitroda panel had suggested BSNL to cut staff strength by 100,000.
Reliance Industries Ltd on Friday reported a 15 per cent drop in its net profit to Rs 15,792 crore for the third quarter, according to a company's stock exchange filing. The net profit of Rs 15,792 crore in October-December 2022 compares to Rs 18,549 crore a year back.
In an effort to stem a possible counter-bid by China's Sinopec and others, ONGC Videsh Ltd, the overseas exploration subsidiary of state-owned Oil and Natural Gas Corporation, has through its advisor Deutsche Bank approached the large institutional investors of Imperial Energy to acquire their holdings.
The company plans to consolidate its position in the existing markets in the north, west and eastern region, and foray into the southern states by the end of this year. Hina Nagarajan, country manager, Mary Kay, told Business Standard that the brand was launched in India in September 2007 and has a sales force of over 3,000 women.
Most Indian companies are still quite far from having good risk management processes. The companies surveyed ranged from mid-sized (Rs 250-500 crore or Rs 2.5 to Rs 5 billion) to large (over Rs 1,000 crore or Rs 10 billion) in scale, and represented a broad spectrum of industries like IT services, textiles, engineering, auto ancillaries, conglomerates, commodity producers and consumers, agro and food, pharmaceuticals, etc.
Rajinder Gupta, CEO and managing director of the Trident group, spoke to Business Standard about the company's plans.
SK Jain, who heads NPCIL and Bhavini, tells Vandana Gombar Ayyagary and Sumana Guha Ray about how NPCIL is best placed to take India's nuclear power ambitions forward.
Billionaire Mukesh Ambani on Monday laid bare the succession plan at India's most valuable company, identifying twins children Akash and Isha for telecom and retail leadership, and youngest son Anant for new energy unit. He, however, insisted he isn't retiring yet and will "continue to provide hands-on leadership as before". At the annual shareholders' meeting of Reliance Industries Ltd, he said the robust architecture that he has announced will ensure the firm remains "a unit, well-integrated and secure institution even as it develops existing businesses and adds new growth engines."
Bihar is now poised to emerge as one of India's next major destinations for oil and natural gas reserves.
Terming the comments 'factually incorrect and without basis', HUL said Pureit was the world's largest-selling water purifier brand and had been approved for sale by regulatory authorities in countries such as Brazil, Mexico and Indonesia.
The privately-owned Hangzhou-based group, which has been in news for its impending IPO, is already sourcing human hair from the southern regions of India and has identified this category as a 'big opportunity', along with others like machinery, agro products, apparel and spices.
