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Friday, November 23, 2007
RBI keen on price stability: Rakesh Mohan
Fast track courts to settle loan disputes
MUMBAI: A working group of the Indian Banks’ Association (IBA) is drafting recommendations to have fast track courts for resolving disputes of retail loan defaults, a top IBA official said here on Thursday. The move follows a rise in ...
Insurance council ties up with IAI
MUMBAI: The Life Insurance Council, the industry body of life insurance companies in India, and the Institute of Actuaries of India (IAI) on Thursday signed an agreement to set up the Mortality and Morbidity Investigation Centre (MMIC). ...
Baldota group to invest Rs. 1,100 cr.
NEW DELHI: The Baldota group on Thursday announced its plan to double its existing capacity of 191.6 MW to reach 400 MW by 2010 with an investment of Rs. 1,100 crore in the wind energy sector. ...
ArcelorMittal takes control of steel mill
HONG KONG: Arcelor Mittal, the world’s largest steel maker, has raised its stake in China Oriental Group Co. to over 73 per cent, becoming the first foreign firm to take control of a Chinese steel maker. ...
BHEL bags Maithon Power order
NEW DELHI: The Bharat Heavy Electricals Limited (BHEL) on Thursday bagged a Rs. 2,108-crore supply order for steam generators and turbines for the upcoming Maithon right bank thermal power project in Jharkhand. The order for the greenfield ...
Purvankara wins bid from AP Indl. Corpn.
BANGALORE: Purvankara, property developers and builders, has won the tender bid from Andhra Pradesh Industrial Infrastucture Corporation, involving an investment of Rs. 3,500 crore. The project, covering 6.5 million sq. ft., will be in ...
1:1 bonus from Siemens
CHENNAI: Siemens has recommended an issue of bonus shares in the ratio of one share for every equity share held. It will also be paying a dividend of Rs. 4.80 per share of Rs. 2 each. The directors have also approved the proposal for the ...
Genpact starts work on Orissa SEZ project
KOLKATA: Genpact, which manages business processes for companies around the world, on Wednesday broke ground for its upcoming special economic zone (SEZ) which it is developing jointly with the Orissa government. The zone, spread over 12 ...
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