Mining group Xstrata and commodities firm Glencore have agreed new terms for their tie-up, clearing the way for the biggest-ever mining industry merger. The original deal looked set to founder on shareholder resistance. Swiss mining...
Reliance Power Ltd’s Butibori Thermal Power project will achieve, its full capacity of 600 MW by the year-end, following the “light up” of its boiler for the second unit. The boiler light up for the...
Seeking a stay on the Department of Telecommunications (DOT) show cause notice, Bharti Airtel Ltd moved to Delhi High Court asking the company to stop intra-circle 3G roaming pacts. In its fillings, Bharti has sought...
Germany and France have made a fresh appeal to the European Union executive to pave the ground for a tax on financial transactions. They hope it can be introduced in at least nine of the...
Spain’s banks need to be recapitalized to the tune of more than 50 billion euros, according to an independent report released on Friday. As high as this figure may sound, it has led to a...
‘Financial Planning’ is the new buzzword in the current financial services landscape in India. We tend to hear a lot about financial planning these days. The buzzword is used in all sorts of context creating...
Oil major ONGC at a conference after its annual general meeting declared that some of its 37 under development fields are likely to start output in the current financial year.
Board of Directors of the Company at its meeting held on September 24, 2012, has declared a first interim dividend of Rs. 13/- (Rupees thirteen only) per equity share of Re. 1/- (face value) for...
IRB declared that Dattatray Pandurang Mhaiskar, A promoter shareholder have sold 86.8 lakh shares, or 2.61% stake in the company, for 106 crore rupees. Mr Mhaiskar sold the shares through open market transactions on Sep...
State Bank of India’s chief Mr. Prateep Chaudhuri’s take on helath of SBI, RBI’s recent action and way forward to deliver high performance. Key takeaways are as follows : On rate cut SBI Cut rates...
With effect from today, Indian Overseas Bank has reduced interest rate by 25 basis points on term deposits of up to 2.5 mln rupees and having tenure of more than three years but less than...
