In a hint that it may have got more than the actual price in the recent coal block auctions, the government has decided against going piecemeal for auction of coal linkages to prevent artificial scarcity that leads to "aggressive bidding by large players".
Google India said that increasing Internet penetration and growing preference for online shopping is expected to help the online fashion retail market touch USD 35 billion by 2020, Fashion retail on e-commerce portals is expected to constitute 35 percent of the total online retai revenue generated in India by 2020.
With the Maharashtra Budget proposing to increase the premium on floor space index (FSI) to generate more revenue, the urban development department headed by Chief Minister Devendra Fadnavis has issued a notification increasing both the premium amount and the FSI in Mumbai's suburbs.
SpiceJet Ltd is facing prospect of flight cancellations with the Delhi High Court ordering the aviation regulator Directorate General of Civil Aviation (DGCA) to de-register six of its 32 aircraft. The high court order was passed on the petition filed by two Irish aircraft leasing firms which took control of their six Boeing 737s because of non-payment of dues by SpiceJet.
Everest Industries is planning to make operational its first overseas unit at Ras Al-Khaimah in the UAE by December this year or January 2016. Built at around Rs. 1 Bn, the facility will manufacture boards and panels. It will cater to the company's exports in West Asian and African nations.
Blue Star is eyeing a bigger share of Uttar Pradesh AC market. The annual AC market of Uttar Pradesh and nationally are pegged at around 0.3 million and 3.75 million units, respectively. The domestic AC market is growing by 10 and 19 per cent in volume and value terms respectively.
Aurobindo Pharma Limited has received the tentative approval for Lacosamide tablets from the US Food and Drug Administration (US FDA). The drug, a generic equivalent of UCB Inc's Vimpat, is used in the treatment of partial-onset seizures in patients with epilepsy aged 17 years and older.
Rajesh Exports Ltd has bagged an export order worth Rs 12.6 Bn of designer range of gold and diamond studded jewellery and medallions from UAE-based Al Sultan Jewellery. The order is to be completed by May 31, 2015.
Jet Airways is introducing a daily direct international flight linking Pune with Abu Dhabi and beyond. It is also adding three new additional daily flights from Pune to Mumbai, Delhi and Chennai.
Tata Steel's soon to be commissioned six million tonne greenfield steel plant at Kalinganagar has provided direct employment to 2602 people. Tata Steel is setting up a six million tonne steel mill at Kalinganagar of which the first phase with three million capacity is expected to be commissioned.
Axis Bank has reduced interest rates offered on retail deposits by 25 basis points across maturities. The cut by the country's third largest private bank comes after the Reserve Bank of India slashed its key policy rate by 25 basis points to 7.50% on March 4.
Wipro has won a legal victory with the Karnataka High Court allowing it to save a significant amount in taxes from its overseas operations. The judgment is likely to have an impact on Indian companies that have overseas operations.
L&T will focus more on Indian operations starting 2015-16, hoping to benefit from a slight uptick in growth and spending, but the government's big infrastructure push could be hurt by lack of funds.
Tata Motors, the first local auto maker to launch a sport utility vehicle in India and owner of the company that manufactures the famed Land Rover SUVs, is getting ready to make a strong comeback into the segment that is growing at a quicker pace than the overall automobile market. It plan to launch as many as half a-dozen utility vehicles across segments over the next three four years.
The Gujarat government admitted in the Assembly that it had paid Rs 456.79 Cr as a "loan" to Tata Motors to set up its Nano plant near Sanand in Ahmedabad district.
JSW Steel has expressed interest in the 4,004 acres earmarked for Korean steel major Posco's seemingly doomed mega project in Odisha.
Infosys has hired former Mindtree vice-president and consulting head Amit Varma to bolster its digital transformation business.
Jindal Steel and Power Limited (JSPL) is targeting 150 per cent growth in its steel business in Uttar Pradesh over the next three years.
Wipro, HCL Tech in race for Sebi’s fraud detection system upgrade. Also Wipro bags 5-year deal from US based, Greater Cincinnati Water Works.
UPL in agreement to subscribe to 40% shares in Sinagro Group.
Force Motors says promoters acquired 1 lakh shares from market on March 13.
Oil India declares interim dividend of Rs.10/Share.
US initial claims for state unemployment benefits increased 1,000 to a seasonally ad-justed 291,000 for the week ended March 14.
US economy added 295,000 jobs in February, with the jobless rate falling to a more than 6-1/2-year low of 5.5%.
Philadelphia Federal Reserve reported business activity index slipped to 5.0 in March. Meanwhile, the Conference Board’s Leading Economic Index increased 0.2% after a similar gain in January.
USFDA expresses concern over conformity norms of Lupin’s Indore unitthat produces oral contraceptives.
Tata, M&M, Reliance, & Bharat are amongst those in the fray for the US$ 1.5bn naval helicopter contract. The contract is for supply of 100 helicopters.
No comments:
Post a Comment