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Satyam Computer to acquire 100 % in Maytas Properties
To pick up 51 per cent stake in Maytas Infra; the outflow on both acquisitions will be $1.6 billion

Valuation in accordance with SEBI norms: Ramalinga Raju
HYDERABAD: The decision on whether or not B. Teja Raju, Vice-Chairman of Maytas Infra, would continue in the position will be decided only after the public offering gets completed in about two to three months. B. Rama Raju Jr. ...

BHEL, NTPC sign ‘Integrity Pact’ with Transparency International
To ensure complete transparency in major contracts, tenders and procurements

UCO Bank to reduce rates from January


Other Stories



Barometer


Briefly
Sabari Group buys out Nilgiris Nest chain
CHENNAI: The Chennai-based Sabari Group of Hotels has acquired Nilgiris Nest chain of hotels at a cost of Rs. 95 crore. Addressing a press conference here on Tuesday, K. R. V. Ramani, Managing Director, Sabari Group, said the entire ...

IDFC PE invests in Deepak Cables
MUMBAI: Deepak Cables (India) on Tuesday announced a private equity investment of Rs. 200 crore from IDFC Private Equity (IDFC PE). Deepak Cables is one of the leading players in the power transmission & Distribution (T&D) space having ...

Kesoram shuts Birla Tyres’ OEM facilities
KOLKATA: Kesoram Industries has decided to shut down the OEM segment in Birla Tyres, a unit of the company, at Balasore in Orissa, from December 17 to 31 in the first instance. This was being done to avoid increase in working capital ...

Taj group sets up welfare trust fund
CHENNAI: The Taj group has set up a public service welfare trust fund under the name and style of Taj Public Service Welfare Trust (TPS Welfare Trust). The objective is to provide immediate relief to all victims of the recent terror attack in ...

Polaris partners Microsoft
CHENNAI: Polaris Software Lab on Tuesday announced the launch of an insurance concept lab in partnership with Microsoft. Established in Polaris’ campus here, the lab is aimed at building innovative solutions for the insurance industry in ...

BEL bags export award
BANGALORE: Bharat Electronics Ltd (BEL) has won the Certificate of Excellence for exports from the Federation of Indian Export Organisations. Union Minister Shankersinh Vaghela presented the award on Tuesday in Delhi to BEL’s ...

CII summit on ‘Creating next practices’
CHENNAI: The Confederation of Indian Industry (CII), in association with Tamil Nadu Government, is organising a one-day conference with the theme ‘Creating next practices’ in manufacturing on December 18 here. More than 200 senior ...




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