Through a 100 per cent subsidiary incorporated in Italy, Elgi Compressors Italy, Elgi Equipments Ltd has acquired Italy-based Rotair S.p.a. Rotair is engaged in the design, manufacture and distribution of a range of compressors and...
Telecom major British Telecom (BT) on Thursday offloaded 14.1 per cent, or 17.9 million shares, in Tech Mahindra (TechM) to institutional investors for Rs 1,395 crore. The block deal was executed at an average price...
The Government, lifted ban on bulk SMS and MMS with immediate effect. Mobile users can now send messages and MMS according to their service provider’s limits. The ban had came in to effect on August...
Strong demand in countries such as China, India and Brazil has disproportionally contributed to booming German exports, a new study has found. But Germany’s trade with emerging economies is not a one-way affair. In 2011,...
Mumbai : Reliance Industries Ltd has scheduled a planned maintenance at one of its diesel hydro treater units of the domestic tariff area refinery at the Jamnagar refining complex. The shutdown of the unit is...
Mumbai : Marching ahead with its stellar performance Gold climbed to new highs of 31400 per 10 GRMS today. Weakness in rupee also helped it to hit new high in rupee terms. Traders said gold...
Manesar : In a “morale boosting exercise” Suzuki Motor Chairman Osamu Suzuki visited Maruti’s troubled Manesar car factory here on Monday. The Manesar facility has two operating plants, while the third ‘Plant C’ will start production...
Supreme Court agreed to fix a new deadline for conducting the auction. The apex court has directed the Government that it should complete the auction by January 11, 2013. Aspiring telecom operaters that want to...
The equity shares of Jupiter Infomedia Ltd will be listed on the SME platform of the Bombay Stock Exchange on August 16. Jupiter Infomedia’s public issue, which opened on July 30 and closed on August...
Standard and Poor’s, on Wednesday downgraded Finnish cellphone maker Nokia’s long—term corporate credit rating to BB—, from BB+, citing the likelihood of the company’s deteriorating profitability. S&P also lowered the issue rating for the group’s...
India’s steel imports continued to rise on rising consumption. This is despite the recent hike in import duty on certain category of flat alloy products. For the April-July period, steel imports from Korea and Japan...
Reliance Communications approached telecom tribunal TDSAT accusing Bharti Airtel of blocking international calls originated on its network instead of forwarding them to Intelligent Network – a services used for toll free numbers. As per the...
