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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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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