The Reserve Bank of India (RBI) has denied a request by Tata Sons to acquire Japanese telecom giant NTT DOCOMO's stake in Tata Teleservices (TTSL) at a price higher than the current fair value of TTSL shares.
Tata Motors’ luxury brands, Jaguar and Land Rover, will add the Range Rover Evoque (Rs 49 lakh) to their Pune manufacturing facility to support sales growth in the local market.
UltraTech Cement is looking at a share-swap proposal to merge the cement division of B K Birlaowned Century Textiles & Industries with it at a valuation of Rs 10,500 Cr.
Godrej Properties has launched its township project, Godrej Infinity spread over 43 acres at Keshavnagar in Pune.
Tata Power has achieved financial closure for the 187 MW Adjaristsqali hydel projects in Georgia by arranging an additional $250 million long-term loan, making it the largest hydel project in the East European nation.
Punjab National Bank announced raising Rs.1,800 Cr through long-term bonds for funding infrastructure projects.
Malaysia Airports Holdings Berhad (MAHB) announced a sale of its entire 10 per cent stake in Delhi International Airport Limited (DIAL) to the GMR group for Rs 492 Cr.
Sun Pharma received the RBI nod for transfer of overseas investments of b to it and issue its shares to the non-resident shareholders of the latter as part of their $ 4-billion merger deal
Glenmark Pharmaceuticals has petitioned the Supreme Court against an order of the high court (HC) here, barring it from selling anti-diabetic drugs Zita and Zita-Met. The apex court is expected to hear the matter on Wednesday (today).
MMTC would pump in around Rs.500 Cr as equity contribution for first phase capacity expansion of Neelachal Ispat Nigam Ltd’s (NINL) steel plant at Kalinganagar. Phase-I expansion would ramp up steel output from 1.1 mtpa to 2.2 mtpa and this is expected by 2020.
Container Corporation of India (Concor) has launched a banana and apple cold storage centre with ripening facility in Azadpur Mandi (wholesale market), having a handling capacity of 60 tonne a day.
Capital First raises Rs 300 Cr through QIP.
Idea Cellular Launches 3G Services In Delhi In 900 MHz Spectrum.
US CPI increased 0.2% in February after declining 0.7% in January. Core CPI increased 0.2% in February.
US new home sales jumped 7.8% to a seasonally adjusted annual rate of 539,000 units. Markit U.S. Manufacturing PMI rose to 55.3 in March.
Markit's Euro zone Composite Flash PMI jumped to a near four-year high of 54.1 in March from February's 53.3.
German manufacturing index surged to an eight-month high of 52.4 in March from 51.1 in February.
China flash HSBC/Markit PMI dipped to 49.2 in March.
Sesa Sterlite to increase its copper production by 12% to 370,000 MT; capacity of the plant is 0.4mn MT. Also planning to invest INR 33bn to double its capacity.
Syndicate Bank gets EGM nod to raise INR 4.6bn via preferential issue to the government by issuing 37.47mn shares at an issue price of INR 122.75 per share.
Government proposes to merge KIOCL Limited with NMDC Limited; NMDC appoints Deloitte to study viability of this merger.
Suven Life Sciences gets three products patent for neuro-degenerative drug each from Canada, Japan, and Korea corresponding to the new chemical entities (NCEs).
South African firm in talks to buy brands from Tilaknagar Industries; expects INR 2.5 bn to 3bn from the sale.Tilaknagar Industries has INR 8bn debt on its books.
SBI to focus more on auto loans as the sector is expecting better growth. On an average, the bank has been funding 2,000 cars a day since the last two months.
Monnet Ispat in talks with potential buyers for selling partial stake in its powervbusiness.
ICICI Bank acquires 5% (2,25,74134 shares) IVRCL equity through CDR.
Bharat Forge's SEZ hits rough patch as farmer's get political support. The SEZ a 76:24 JV had spent around INR 2.9bn in acquiring the land.
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