Flipkart's co-founders Sachin and Binni Bansal made their debut at 86th position with a net worth of $1.3 billion each.
Kavita Karkare, widow of Maharashtra Anti-Terror Squad chief Hemant Karkare who was killed during the 26/11 attacks in Mumbai, has died.
Shruti Haasan's Aazma manages to push the album half a notch higher.
The Budget should look at giving suitable fiscal incentives both under direct and indirect tax proposals such as accelerated depreciation and nil customs/ excise levies on capital goods, say experts on the industry.
Ashok Leyland, the Hinduja group flagship company and a leading manufacturer of commercial vehicles, on Friday said it would cut its proposed investment size and would undertake cost-cutting measures, including a 20 per cent reduction in wages, in view of the slowdown in the industry.Speaking to reporters, K Sridharan, chief financial officer, said the company's margin outlook is currently under pressure and it may continue like that till next month.
Sends team to discuss share auction with Sebi today Satyam board to sell stake via auction.
Japanese automobile major Nissan Motor Company and Hinduja Group's flagship Ashok Leyland are looking to fortify their management teams for Light Commercial Vehicle joint venture.
The CEO of Bangalore-based Gokaldas Exports, one of India's largest garment exporters, says the rise is forcing him to forgo new orders, which could impact business in the coming quarters.
'Taking into account the inventory in pipeline and the suppressed market demand, Ashok Leyland has decided to moderate the production plan for the next two months,' the company said. Manufacturing facilities would also reduce the number of working days to three a week till December this year, it added. 'This decision has also been partially influenced by the problems encountered by the suppliers as a result of the power shortage in some parts of the country,' it said.
Leyland expects the digital drive to help tap its in-house strength as well as segments such as passenger cars and two-wheelers.
R N Rao, special director, sales and marketing, Ashok Leyland said the company is going ahead with its expansion of capacity despite a drop in sales during the current financial year owing to the economic slowdown in the country. The company is likely to close the current financial year ending March 2009 with a 30 per cent drop in its sales to around 60,000 units including exports compared to the last fiscal, he said.
Ashok Leyland, which was producing vehicles all seven days in a week, had slashed production to three days at its all six manufacturing units in November 2008 in the wake of slackening demand. The company's decision to increase working days to five comes after it reported 33 per cent increase in the sales in February. Its sales in February stood at 3,245 units compared to 2,444 in January.
The pain in Priti Sawant's eyes is heart-wrenching, but her belief that her husband will rise from that hospital bed is a lesson in courage.
'In Mumbai the mortality rate was reaching a percentage of almost 8 plus in about April.' 'But now over last one month, we have come down.' 'We have drastically controlled mortality.' 'We are now about 3.9.'
After the UK-based Hinduja group, Oil and Natural Gas Corporation's proposed Rs 26,500-crore (Rs 265 billion) refinery at Kakinada, Andhra Pradesh, has found new suitors in Reliance Industries and Essar Oil.
'Now, the theme is going to be preservation of margins. We will focus on non-capital guzzling revenue streams, and every bank will think on the same lines,' says Romesh Sobti, MD & CEO, IndusInd Bank.
A slew of real estate companies, like DLF, Omaxe, BPTP and Avnija Properties (Dalmia Cement), and large corporations like telecom bigwig AT&T, Sterlite, Videocon, JSW Power, Hinduja's HTMT, Moser Baer Infrastructure, Ispat Industries Ltd and a Sam Pitroda-owned company are among the 25 companies whose applications will not be immediately processed by the Department of Telecommunications (DoT) for awarding mobile licences.
IndusInd Bank MD & CEO Romesh Sobti said that, during the fourth quarter, the private sector lender was expecting a 20 per cent growth in its loan book. "There are still a lot of good companies, and you don't write off everyone. There is nothing like zero-risk. It is low-, medium- and high-risk, and you avoid high-risk though they give you high returns," Sobti said after announcing the inauguration of new-look branches aimed at attracting more high networth customers.
Board to meet investment advisors Goldman Sachs and Avendus today.
As more and more businesses move towards digital technology-enabled solutions such as chatbots to increase interaction with their own customers, BPM companies have seen a significant chunk of their revenue proceeds shifting towards business outcomes.
This is one question that's uppermost in the minds of analysts, marketmen and industry experts even as the Company Law Board on Thursday gave the scam-tainted IT firm's stake sale plan the go-ahead.
The Hinduja Group-promoted business process outsourcing firm HTMT Global Solutions has set aside Rs 400 crore (Rs 4 billion) to close two acquisition deals in the US by the end of this year.
Old economy companies such as Hero, M&M (Tech Mahindra), Aditya Birla, Essar, Hindujas and Larsen & Toubro have sprung into action with large acquisitions and major deals.
Partnership between Israel and India is doing wonders, the visiting prime minister tells business leaders.
India Inc is looking at the public sector to steer its ambitions, as former PSU heads are taken on board to lead the private sector.
The Rs 31,000-crore refinery and petrochemical plant being planned by Oil and Natural Gas Corporation in Kakinada in Andhra Pradesh is likely to have a new partner -- the Bangalore-based GMR group. GMR is the latest to join the long line of suitors, including the Hinduja group, Reliance Industries and Essar Oil, for the refinery.
Parag Sawant, who slipped into coma after sustaining severe head injuries in the 2006 serial train blasts, is showing remarkable improvement and is able to recognise his family members.
Forbes said Prime Minister Narendra Modi's "economic experiments" barely affected India's billionaires while none gained more than oil-and-gas tycoon Mukesh Ambani, who cemented his decade-long hold on the top slot by adding a staggering USD 15.3 billion (67 per cent) to his last year's wealth to become one of Asia's top five richest.
India 's threat to impose a blanket ban on agricultural commodities futures trading would not ease food prices, analysts, traders and food executives warned, describing the measure as political posturing.
Hinduja Group firm heavy commercial vehicle maker Ashok Leyland has drawn up a Rs 4,000 crore (Rs 40 billion) capital expenditure plan for building capacity, developing products and upgrading technology, a top official said.
Mahajan is now being given increased respiratory support.
The joint venture of Ashok Leyland and Nissan for manufacturing light commercial vehicles would become operational during the current financial year, executive vice-chairman of Hinduja Group India Subir Raha said.
The country's largest apparel exporter, Bangalore-based Gokaldas Exports (2006-7 turnover Rs 1,045 crore or Rs 10.45 billion), sprang a surprise last year when leading global private equity firm Blackstone acquired a 50.1 per cent stake in it.
The British teleco is bidding hard for cellular operator Hutchison Essar. At stake: the world's fastest growing mobile market-and Vodafone's reputation.
The Non-Residential Indian community in London felicitated Khalid Hameed, former High Sheriff of Greater London and erstwhile Chief Executive of Cromwell Hospital, on his elevation to the peerage.
Diabetes is spreading wide and fast in the country. Here's how to prevent/manage it.
'He was sharp and he always gave instant answers to every problem.'
"Mahajan is tolerating the reduction in medication for maintaining blood pressure," Anupam Verma, director (administration), Hinduja hospital, told reporters in the health bulletin at 7:30 pm.
Vodafone, which is yet to announce the acquisition, has offered to partner Essar, on which the Indian conglomerate said, "We are at the moment evaluating all our options in the best interest of the Group."
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