News for 'PLC'

BP CEO, Ambani meet oil minister

BP CEO, Ambani meet oil minister

Rediff.com18 Oct 2013

Dudley, whose company last year made the largest foreign direct investment in the oil sector, followed it up with a meeting with Finance Minister P Chidambaram.

Vodafone's Q3 revenue is up 16%

Vodafone's Q3 revenue is up 16%

Rediff.com31 Jan 2008

Vodafone's revenues for the third quarter have gone up by 16%, thanks to good performance in emerging markets including India.

'Luxury spirits have a huge potential in India'

'Luxury spirits have a huge potential in India'

Rediff.com5 Jun 2008

Credited with introducing eight new brands from the stable of the world's largest liquor maker Diageo Plc, Asif Adil, the managing director of its India subsidiary, Diageo India Pvt Ltd, has set himself a target of achieving a sales turnover of over Rs 4,000 crore (Rs 40 billion) in India in three years.

Oil price hits record $120 per barrel

Oil price hits record $120 per barrel

Rediff.com6 May 2008

The price of crude oil has surged past $120 a barrel. Supply concerns from Opec members Nigeria and Iran as well as a weaker dollar pushed US crude prices up by $4 to $120.36 before closing at $119.97 on Monday.

Hiranandani plans Rs 1000cr township in New Mumbai

Hiranandani plans Rs 1000cr township in New Mumbai

Rediff.com19 Jul 2007

Hiranandani Group's real estate investment firm, Hirco Plc on Thursday announced it will invest over Rs 1,000 crore (28.4 million pounds) in a commercial township development project near Mumbai.

In win for India, UK HC dismisses Pak's claim on Nizam's funds

In win for India, UK HC dismisses Pak's claim on Nizam's funds

Rediff.com2 Oct 2019

The Nizam's descendants, Prince Mukarram Jah -- the titular eighth Nizam of Hyderabad -- and his younger brother Muffakham Jah, joined hands with the Indian government in the legal battle against Pakistan for possession of over around 35 million pounds lying with NatWest Bank plc in London.

Vodafone to raise Indian unit stake to 100% for Rs 10,141 cr

Vodafone to raise Indian unit stake to 100% for Rs 10,141 cr

Rediff.com29 Oct 2013

World's second largest mobile operator Vodafone Plc of UK on Tuesday sought FIPB approval to invest Rs 10,141 crore (Rs 101.41 billion) in raising its stake in the Indian arm to 100 per cent.

Despite the mega deal, Jio, FB will continue to lock horns

Despite the mega deal, Jio, FB will continue to lock horns

Rediff.com22 Apr 2020

Telecom operators, including Reliance Jio, have been demanding "same service same rules" regime which means that mobile applications providing calls and messaging services should also be made to comply with set of rules that are mandatory for mobile service providers.

Synovate on lookout for buyouts in India

Synovate on lookout for buyouts in India

Rediff.com14 Dec 2006

Market research firm Synovate, part of the Aegis Group Plc, is on the lookout for acquisition opportunities in India.

Thomas Cook to up stake in Indian arm

Thomas Cook to up stake in Indian arm

Rediff.com7 Mar 2008

Thomas Cook has bought stake in Thomas Cook India from Dubai Financial Group for up to Rs 1,336 crore. The group is repurchasing Thomas Cook's brand business, earlier licenced to Dubai Financial Group.

Murthy to join HSBC board; Rs 52 lakh salary

Murthy to join HSBC board; Rs 52 lakh salary

Rediff.com3 Mar 2008

Global banking giant HSBC on Monday said Infosys chief mentor N R Narayana Murthy will join its board in May with an annual renumeration of 65,000 pounds (about Rs 52 lakh).

Biggest bank frauds in the past 11 years

Biggest bank frauds in the past 11 years

Rediff.com12 Jun 2019

Of the total 53,334 cases of frauds reported during 2008-09 and 2018-19 fiscal years, involving a whopping Rs 2.05 lakh crore, a highest of 6,811 cases were reported by the ICICI Bank.

StanChart buys American Express Bank

StanChart buys American Express Bank

Rediff.com18 Sep 2007

Standard Chartered Plc on Tuesday reached an agreement to acquire US-based American Express Bank Ltd for about 431 million pounds ($860 million) in cash

Tesco appoints Unilever's Dave Lewis as new CEO

Tesco appoints Unilever's Dave Lewis as new CEO

Rediff.com21 Jul 2014

The company said Philip Clarke will continue as CEO until October 1 and will remain available to support the transition until the end of January 2015.

Bill Gates steps down as chairman; Nadella takes over

Bill Gates steps down as chairman; Nadella takes over

Rediff.com4 Feb 2014

Microsoft Corporation on Tuesday announced that its Board of Directors has appointed Satya Nadella as Chief Executive Officer and member of the Board of Directors effective immediately.

Sterlite shooting may dent Vedanta's brand image

Sterlite shooting may dent Vedanta's brand image

Rediff.com7 Jun 2018

The brand image, however, may not tarish further as it will have already taken the beating due to consistent injury

Pantaloon in Indian airports

Pantaloon in Indian airports

Rediff.com4 Oct 2006

Manchester United profit doubles

Manchester United profit doubles

Rediff.com11 Jan 2008

Manchester United Plc said its annual pre-tax profit doubled on increased sponsorship and after it expanded its stadium and won the League title.

RIL's midas touch is missing in overseas oil & gas assets

RIL's midas touch is missing in overseas oil & gas assets

Rediff.com16 Oct 2017

The company had assets in countries like Yemen, Peru, Oman, Myanmar, Columbia, East Timor, Kurdistan and Australia, but it exited almost all these blocks later as part of its portfolio rationalisation

NDTV in talks with NBC for stake sale

NDTV in talks with NBC for stake sale

Rediff.com9 Jan 2008

Indian television company NDTV is in advanced stages of negotiations with NBC Universal, a subsidiary of New York Stock Exchange-listed General Electric to sell between 25 and 30 per cent in its UK-based subsidiary NDTV Networks Plc.

British brewer SABMiller buys Foster's India

British brewer SABMiller buys Foster's India

Rediff.com12 Sep 2006

The United Kingdom-based SABMiller plc, one of the world's leading brewers, on Tuesday announced it has acquired Foster's India, belonging to Australian drinks giant Foster's, for $120 million on a cash-free debt-free basis.\n\n

GSK withdraws patent application for AIDS drug

GSK withdraws patent application for AIDS drug

Rediff.com21 Aug 2006

GlaxoSmithKline Plc has withdrawn its patent application in India for anti-AIDS drug Combivir, which has been facing opposition from activists.

Reliance permanently shuts down its only oil field in KG-D6 block

Reliance permanently shuts down its only oil field in KG-D6 block

Rediff.com21 Sep 2018

Post-cessation, activities related to the safe shutdown of the field are underway.

Malaysia's Astro eyes Indian DTH market

Malaysia's Astro eyes Indian DTH market

Rediff.com18 Jan 2007

Malaysian pay TV operator Astro All Asia Networks plc, owned by the country's richest man Ananda Krishnan, is eyeing entry into the Indian Direct to Home satellite television market

Tech Mahindra, Motorola to invest $12.5 mn in JV

Tech Mahindra, Motorola to invest $12.5 mn in JV

Rediff.com26 Jul 2006

Tech Mahindra and Motorola will be investing $12.5 million in their joint venture, CanvasM, to deliver application solutions for the global network providers and enterprises.\n

FIPB clears Tesco's $110-mn multi-brand retail proposal

FIPB clears Tesco's $110-mn multi-brand retail proposal

Rediff.com30 Dec 2013

Tesco proposal entailing investment of $110 million has been cleared, sources said after the FIPB meeting held in New Delhi.

Corus: Tata gets European Commission nod

Corus: Tata gets European Commission nod

Rediff.com22 Dec 2006

The European Commission on Friday approved Tata Steel's proposed acquisition of Anglo-Dutch steelmaker Corus.

Unitech arm raises Rs 4,137 cr

Unitech arm raises Rs 4,137 cr

Rediff.com21 Dec 2006

The world's leading funds and financial institutions have invested in Unitech Corporate Parks Plc, the company that the Unitech Group floated last week at the London Alternative Investment Market.

Unitech plans to raise £360 mn

Unitech plans to raise £360 mn

Rediff.com29 Nov 2006

Real estate major Unitech plans to raise £360 mn(nearly Rs 31 billion) by listing on the London Stock Exchange.

After Dow, Reuters gets takeover call

After Dow, Reuters gets takeover call

Rediff.com4 May 2007

Reuters Group Plc, which runs one of the world's leading news agencies as well as other financial data businesses, today said it has received an unsolicited takeover offer, but did not identify the potential bidder.

UK telecom firm opens India arm

UK telecom firm opens India arm

Rediff.com25 May 2005

Intelenet loses BMI deal to Ventura

Intelenet loses BMI deal to Ventura

Rediff.com18 Nov 2005

Tata Steel Board to mull Corus financing on Apr 17

Tata Steel Board to mull Corus financing on Apr 17

Rediff.com10 Apr 2007

Tata Steel said on Tuesday its Board will meet on April 17 to discuss plans for funding the $12 billion acquisition of Anglo-Dutch firm Corus Group Plc.

Vodafone's merger with Idea faces tax dispute hurdle

Vodafone's merger with Idea faces tax dispute hurdle

Rediff.com3 Mar 2017

While it was technically not possible to block the deal, the tax department could resort to arm-twisting.

Fitch withdraws ratings on Corus

Fitch withdraws ratings on Corus

Rediff.com3 Sep 2007

The rating agency said it has affirmed and withdrawn long and short term Issuer Default Rating of 'BB' and 'B' and 'BB-' rating on Corus' Euro 800 million 7.5 per cent senior notes.

Tata-Corus deal becomes effective

Tata-Corus deal becomes effective

Rediff.com2 Apr 2007

Indian conglomerate Tata Group's $12 billion takeover of Anglo-Dutch giant Corus Group Plc reached its culmination with the deal coming into effect from making Tata Steel the world's fifth largest steel firm.

Cairn etches a success story in India

Cairn etches a success story in India

Rediff.com28 Mar 2007

Cairn India has drawn strength from its Scottish parent, but also built new systems and processes to support its role in the country's oil sector.

Indian stake sale boosts Hutch's profit

Indian stake sale boosts Hutch's profit

Rediff.com21 Aug 2007

Hutchison Telecom, the Hong Kong- based mobile major, on Tuesday said its first-half profits ended June have risen from the sale of its Indian assets to UK's Vodafone that included a one-time gain of Hong Kong dollars 69.3 billion.