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Business Fwire News - Page 9
L&T Construction bags orders worth Rs 2,080 crore
L&T Construction today said it has bagged orders worth Rs 2,080 crore across various business segments during February and March
CAG questions PSIEC for inaction against two firms
Punjab Small Industries and Export Corporation Ltd is primarily responsible for developing industrial focal points and other infrastructure facilities in the state.
Maruti Suzuki appoints Kenichi Ayukawa as MD and CEO
Country's largest car maker Maruti Suzuki India (MSI) on Friday said it has appointed Kenichi Ayukawa as the new managing director and chief executive officer, who will succeed outgoing Shinzo Nakanishi.
ONGC, OIL jointly bid for Videocon stake in Mozambique gas field
Sources privy to the development said OVL-OIL have made a non-bidding offer at the close of deadline today.
MSMEs facing stiff competition from China: minister
MSMEs in the country are also facing challenges like inadequate exposure to international market and low capital base.<br /><br />
Infosys to work with BMW on infra management services
Infosys today announced it has been selected by German luxury car maker BMW Group as its worldwide partner for application basis infrastructure management services.
Reliance shortlisted for Iraq oil project
Besides RIL, French energy giant Total, Russia's Lukoil, CNPC of China and American firm Brown Energy have been shortlisted for the project, according to Iraq's Oil Ministry.
Export objective hit as Reliance fails to set up SEZ: CAG
Reliance Industries had approached the Haryana government in September 2005 for setting up multi-product SEZ.
Haier aims over 40% jump in sales in 2013
Consumer durables firm Haier today said it is looking at over 40 percent growth in revenue at Rs 1,700 crore this year, driven by refrigerators and flat panel TVs.<br /><br />
SFIO detects Rs 5,607 cr worth frauds in three years
Pilot informed the house that 42 cases have been referred to SFIO in the current financial year of which the agency has completed probe in 15 cases.
SAIL's expansion may be over by FY'14: Verma
<br /><br /> The current phase of modernisation and expansion of its steel plants with an indicative investment of Rs 61,870 crore.
National free roaming likely before October, says Sibal
Telecom Minister Kapil Sibal today said the government will try to start national free roaming for customers before October this year.
M&M start production at Andhra tractor plant
Automotive major Mahindra & Mahindra Wednesday launched its tractor manufacturing plant with an annual capacity of one lakh tractors, claimed to be the biggest in Asia.<br /><br />
AirAsia's JV with Tata group gets approved
Malaysia's AirAsia, the largest budget carrier in Asia, plans to launch a regional airline in India with an initial investment of 800 million rupees to cash in on rising demand for domestic air travel among India's rapidly expanding middle class.
CIL to import 20 million tonnes of coal next fiscal
Coal India, the world's biggest producer of coal, may import as much as 20 million tonnes of the fuel next fiscal to comply with orders to increase supplies to power utilities and avoid paying penalties.
Aditya Birla Minerals to shut Australia copper mine
Aditya Birla Minerals , part of Aditya Birla Group, is shutting the smaller of its two Australian copper mines as it is struggling to make money at current copper prices.
IP board rules against Bayer in cancer drug case, Natco can make generic drug
The ruling paves the way for the issue of more so-called compulsory licences as governments, particularly in emerging markets such as China and Thailand, battle to bring down healthcare costs and provide access to affordable drugs to treat diseases such as cancer, HIV-AIDS and hepatitis.<br /><br />
Tata Sons Chairman Cyrus Mistry commissions Coke Oven plant
The Tata Sons Chairman Cyrus P Mistry on Monday commissioned and inaugurated the Coke Oven Battery and By-Product Plant at steel plant's Jamshedpur facility.
PNB raises fixed deposits rates by up to 1.25%
State-owned Punjab National Bank today raised interest rates on fixed deposits of select maturities by up to 1.25 percent.
Suzlon bags 103 MW order from ONGC
Wind turbine manufacturer Suzlon Group has received an order for a 102.9 MW project from ONGC
Govt-owned GSPC seeks LNG price of KG gas
Taking a cue from Reliance Industries, Gujarat-government firm GSPC is seeking to price natural gas it will produce from KG basin block at a rate indexed to cost of imported liquid gas (LNG).
Lakshmi Mittal's salary almost flat at $ 1.77 mn in 2012
The salary of Lakshmi Mittal, Chairman and CEO of Arcelor Mittal, inched up a mere 1.78 percent at $1.77 million last year, amid the world's largest steelmaker reporting a net loss of $3.73 billion in 2012 due to slump in demand and write downs.
Lupin gets USFDA approval for anxiety disorder medicine
The medicine will help in the management of anxiety disorders, a company release said.
Hexaware Tech Q3 net up 30% at Rs 84 cr
IT company Hexaware today reported 29.9 percent jump in profit after tax at Rs 84 crore for the third quarter ended September 30, 2012.
ICICI Bank discontinues Kingfisher co-branded credit card
The bank further said it will issue an ICICI Bank Platinum Visa Credit Card to the users of ICICI-Kingfisher card.
Tata Motors Jamshedpur plant rolls out 2 millionth truck
Country's automobile giant Tata Motors Jamshedpur plant has rolled out of the two millionth (20 lakh) truck from its world-class manufacturing facility.
Public enterprises give 316 applications for 17 coal mines
The coal ministry initiated the process of allocation of mines under the amended provisions of MMDR Act and rules framed thereunder.
Bank NPAs rise 50% in nine months: study
The study said, net NPAs in SBI, PNB and BOB rose by 60.4 percent, 70.3 percent and 117.9 per cent respectively.
Vedanta proposes alternative source of bauxite to run Odisha refinery
In a bid to resume operation of its refinery at Odisha's Kalahandi district, Vedanta Aluminium Limited (VAL) today provided options before the state government's inter-ministerial group.
CIL extends deadline for coal supply to power plants till March
Coal India (CIL) has again extended the deadline for supply of coal to power producers under the MoU route till March-end, even as companies, including NTPC, are yet to enter into FSAs with the coal PSU.