ONGC Videsh Ltd’s Imperial Energy Group purchase to be reviewed by...
A Parliamentary Committee has sought a review of ONGC Videsh Ltd’s $2.1 billion acquisition of Russia-focused Imperial Energy after production & oil supplies became way below forecasts made before...
View ArticleIndia’s Realty firm DLF solds Aman resorts for $358 million deal
Realty firm DLF, India’s greatest real estate company, has announced the sale of its luxury hospitality chain, Aman Resorts, back to the company’s creator, Adrian Zecha, for $358 million. This is a...
View ArticleEngineers India Ltd follow-on public offer (FPO) extended due to bank strike
The Rs 500 cr follow-on public offer of state-run Engineers India will stay start till Feb 12 due to the all-India 2-day bank strike. The problem, which has been completely subscribed, was supposed to...
View ArticleSuzlon Energy chief: Restore accelerated depreciation plan for wind sector
Pitching for restoration of accelerated depreciation plan in the wind energy sector, turbine maker Suzlon said it will prove beneficial for the ailing renewable power industry. Accelerated depreciation...
View ArticleTatas Power endow Rs 1,500 Cr for Renewable Energy
Tata Power plans to keep up with its yearly investment of Rs 1,500 cr in Renewable Energy, even as the company’s net worth is being eroded by its flagship coal-based project in Mundra. “We have a lot...
View ArticleJK Lakshmi Cement Q3 net profit drops by 66% on higher fuel & freight cost
JK Lakshmi Cement today reported 66 per cent dip in separate net profit for Oct-Dec quarter at Rs 14.09 cr on higher fuel & freight price. The company, having around 6 mt annul cement-making...
View ArticleUttarakhand Look for Power to clear additional Hydro Project
After the June 2013 floods & widespread annihilation, the Uttarakhand govt was widely criticised for illegitimate constructions & increasing hydro-power projects across its river beds. Though,...
View ArticleAditya Birla Nuvo’s profit leaps from11.57% to Rs 345 cr
Miscellaneous firm Aditya Birla Nuvo Ltd (ABNL) today reported an 11.57% increase in consolidated net profit at Rs 345.27 cr for the third quarter finished Dec 31, 2013. The company had exposed a...
View ArticleHPCL reviews Rs 1,734-cr net loss in Dec quarter
State-owned Hindustan Petroleum Corp Ltd (HPCL) today reviews a net loss of Rs 1,734 cr in the Dec quarter after the govt paid less than half of the owing oil subsidy. Hindustan Petroleum Corp Ltd had...
View ArticleJP Associates: Breaks widen
Even as Jaiprakash Associates is speeding up its plans to monetise resources, increasing interest cost keep harm its profitability. And this comes at a time when some of its businesses are under...
View ArticleNo destroy at Toansa place, says Ranbaxy
Ranbaxy has denied damage at its Toansa (Punjab) factory, which creates active pharmaceutical ingredients by employees provided voluntary retirement had led to a ban by the US Food & Drug...
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Sahar Elevated Road opens for public
Mumbai: Adding another feather to Mumbai’s transport infrastructure was the inauguration of Sahar Elevated Road on Wednesday by Prithviraj Chavan, Maharashtra Chief Minister. Congratulating the...
View ArticleGMR Infrastructure Set to Monetize coals resources worth $ 600mn
Taking farther its asset-light -asset-right strategic, GMR Infrastructure is understood to be keenly looking to monetise its coal mining assets in Indonesia, which it obtained for close to $600...
View ArticleRail stocks increase fall on disappointing Railway Budget
Shares of railway related stocks for example Titagarh Wagons, Texmaco Rail & Engineering, Kalindee Rail, Kernex Microsystems & Hind Rectifiers are dealing less by up to 7%, increasing their...
View ArticleBharat Petroleum Corporation’s: Q3 A blip on higher under-recoveries For Fiscal
Bharat Petroleum Corporation’s results for the Dec quarter, though disappointing mainly because of the working losses, can be taken as a blip. The road was mostly expecting BPCL to report a net loss of...
View ArticlePrelaunches back again in Mumbai’s dull Real Estate Market
To energise a lax real estate market, Mumbai developers are facing prelaunches of housing flats. This is a popular way to increase funds before construction starts. Estimates show 25 such prelaunches...
View ArticleRupee Calls For helps ONGC Publish 28% Development of net
State-run Oil and Natural Gas Corporation has posted a 28 % jump in net profits for the quarter finished Dec, as currency deprecation enhanced realisations in rupee conditions. India’s biggest oil and...
View ArticleCoal ministry imposes bank assurance on NTPC
As part of a continuous captive block review work out, the coal ministry has imposed bank guarantee of Rs 138 cr on power generator NTPC Ltd for failure to create its captive coal block Pakri Barwadih...
View ArticleMoily says no going returning on gas cost hike decision
Coming down intensely against Delhi Chief Minister Arvind Kejriwal for purchasing an “unconstitutional” FIR against him & others for increasing gas prices, Oil Minister M Veerappa Moily today said...
View ArticleAirways see no lag in meeting new European Union cargo security norms time limit
Airways will have to observe to the European Union (EU)’s new norms for air cargo security by July 1 or face a ban at the area’s airports. Airlines will now have to ensure cargo limit for the region is...
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