Tag Archives: PAID

India’s Automakers Report Strong Sales

Automakers in India on Friday reported higher sales for December as a pickup in the local economy spurred demand. Continue reading

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Indian Exports Shake Off Slump

India’s exports grew in November after a 13-month slump, though mostly because of comparisons to weak numbers from a year earlier. Continue reading

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India Plans Export Taxes on Iron Ores

Indian iron-ore miners are concerned that the imposition of export taxes on iron ores will reduce their export opportunities, but steelmakers planning to expand production will likely welcome the change. Continue reading

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Boeing, Air India in Talks to Defer Plane Delivery

Boeing and Air India are in talks to defer the delivery of three 777-300 Extended Range planes to the loss-making national carrier, senior executives at both companies said. Continue reading

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Reliance Denies Dadri Land Set Aside

India’s Reliance Power Ltd. Friday said that land acquisition for the Dadri project has not been set aside by a court. Continue reading

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Cox and Kings Prices Indian IPO

Cox and Kings has fixed the price of its $131 million initial public offering at INR330 per equity share, the company said Saturday. Continue reading

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Shree Renuka Sugars Buys VDI

India’s Shree Renuka Sugars said it has acquired Brazil’s Vale Do Ivai S.A. Acucar E Alcool for about $82 million, giving the Indian company an entry into the world’s largest sugar producing and exporting country. Continue reading

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Wipro: Have Good Pipeline of Deals

Wipro, India’s third-largest software exporter by revenue, has a “good” pipeline of information technology outsourcing deals, the joint chief executive of the company’s IT services business said. Continue reading

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Kotak Bets on India Inc.

Some Indian investment banks have held their ground as big Western financial-services firms have swooped in as markets opened up. Topping the list is Kotak Mahindra Capital. Continue reading

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State Bank of India Profit Rises

State Bank of India Saturday posted a more than 10% rise in its fiscal second-quarter net profit, led by growth in other income such as fee, commissions and treasury gains. Continue reading

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Flannery to Head GE’s India Business

General Electric appointed John Flannery as president and chief executive of the company’s business operations in India. Continue reading

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Sesa Goa Gets Probe Notice

Sesa Goa said India’s fraud-investigation agency has notified the iron-ore miner about a probe into its finances and management. Continue reading

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Court to Get Ambani Gas Pact

Reliance’s legal counsel will on Thursday present India’s highest court with a copy of a gas-supply contract between billionaire brothers Mukesh and Anil Ambani, which is a central point in a long battle between two of India’s largest conglomerates. Continue reading

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Reliance Natural: Regulator May Have Taken Favors

Reliance Natural Resources alleged that India’s upstream regulator may have taken “undue favors” from Reliance Industries and in exchange approved RIL’s capital expenditure plan for a gas block. Continue reading

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India Talking to Bharti on Dual Listing

The decision whether to allow dual listing of Bharti Airtel, which is in merger talks with MTN, will be taken after talks with the Indian government, India’s corporate affairs minister said. Continue reading

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India Tightens Deal Rules

India’s capital-market regulator tightened its takeover regulations, a move that analysts say could be a blow to Bharti Airtel’s continuing merger talks with MTN. Continue reading

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Jet Airways Pilots End Protest

Pilots of the Indian carrier agreed to resume work after ending a five-day deadlock with management that triggered the cancelation of more than 800 flights. Continue reading

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Jet Airways Talks Continue

Talks between protesting pilots and Jet Airways management remained inconclusive even as the carrier canceled more than 240 flights. Continue reading

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Cairn Starts Mangala Production

Cairn India, a unit of U.K.-listed Cairn Energy, has begun production at the Mangala field where it has invested $2 billion to date. Continue reading

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Indian Growth Hit by Drought

India’s economy is likely to expand between 6% and 6.5% in the current financial year through March, the chairman of the Prime Minister’s Economic Advisory Council said Friday. Continue reading

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