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Tuesday, August 17, 2010
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Vedanta to acquire 60 % in Cairn India for $9.6 billion
Second largest firm after BHP Billiton to diversify into oil and gas
British shareholders to gain by $8.48 billion
NEW DELHI: British shareholders of Cairn Energy will once again become more richer as most of the $8.48-billion that Edinburgh-based firm will get from selling majority stake in Cairn India will go to them. It is almost the repeat of ...
USE to launch trading in currency futures
MUMBAI: United Stock Exchange (USE), India's newest stock exchange for currency derivatives, on Monday said it would launch its operations in currency futures on August 31. “We are commencing operations in currency futures in four ...
Inflation slips to 9.97 % in July
NEW DELHI: After a five-month long spell of spiralling prices, WPI (wholesale price index) based headline inflation slipped to single digit at 9.97 per cent in July from 10.55 per cent in June to give some indication of a moderation and ...
SBI raises lending and deposit rates
Sensex sheds over 100 points
Profit-booking on mixed cues from European bourses
Central Bank hands over dividend cheque
PROFIT SHARING: S. Sridhar (left), Chairman & Managing Director, Central Bank of India, with Ramnath Pradeep (extreme right), Executive Director, handing over a dividend cheque for Rs. 38.90 crore to Pranab Mukherjee, Union Finance ...
LVB net profit at Rs. 23 crore
KARUR: Lakshmi Vilas Bank (LVB) has reported a marginal rise in its net profit at Rs. 23.39 crore in the first quarter ended June 30, 2010, against Rs. 22.66 crore in the corresponding period in the previous year. Total income has improved to ...
JK Tyre sales up 32 per cent in Q1
CHENNAI: JK Tyre has reported a 32 per cent rise in sales at Rs.1,278 crore for the quarter ended June 30, 2010. The operating profit and profit before tax stood at Rs. 73 crore and Rs. 30 crore respectively, says a ...
Kotak Mahindra introduces Stock Ace
MUMBAI: Kotak Mahindra Bank (KMB) has introduced Stock Ace, a new product offering for individual customers which provides them the power of instant liquidity. With this product, customers can avail upto 50 per cent of the market value of ...
Biocon sets up new healthcare division
BANGALORE: Biocon on Monday announced the launch of its new ‘comprehensive care' division, dedicated to provide affordable solutions to critical illnesses such as nosocomial infections, post surgical complications, trauma and medical ...
Reliance Mobile launches Braille Bill service
CHENNAI: Reliance Mobile has announced the launch of Braille Bill service. The service is part of multiple innovative and reliable convenience options that Reliance Mobile is introducing in the Indian market for its subscribers aiming at ...
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