Nalco chart out Rs 2,300 cr expansion plan for FY13

State-owned aluminium major Nalco [stockquote]NATIONALUM[/stockquote] plans to invest Rs 2,343 crore next fiscal, a 76% rise in capital expenditure over FY12, to increase capacity. Nalco is also a divestment candidate where government will raise funds...

Tata Communication rises on divestment buzz

Street is abuzz with the rumor that Government is under active consideration to divest stake in Tata Communication. Government hold 26% in Tata Comm (Formerly VSNL). Center has failed to achieve target of 40000 cr...

GSM networks are not hack proof

‘Matrix Shell’ a security start up firm has claimed that they have successfully hacked into GSM phone numbers of Indian subscriber. Highlighting technical vulnerability within standard encryption level which Indian telecom service provider use they...

Dell’s answer to iPAD, will launch Windows 8 tablet

Italy based Same Deutz-Fahr to invest € 38 mn in TN

Italian tractor and agriculture machinery manufacturer, Same Deutz-Fahr Group (SDF), has proposed to invest around 250 cr (€ 38 mn) in its facility at Ranipet in Tamil Nadu.

Bond yields will remain firm due to tight liquidity

Bond yields will remain firm on account of tight liquidity situation and higher government borrowing plan announced for 2012-2013. The government has projected Rs 4.80 lakh crore of net borrowings from the debt market for...

Warhol acquires 10.36 lakh sh in Karur Vysya Bank

As per bulk deal announcement with the National Stock Exchange (NSE), Mauritius-based investment holding firm Warhol Ltd has acquired 10,36,000 equity shares of  Karur Vysya Bank Ltd at Rs 379.99 per share.

The creator of Red Bull, Chaleo Yoovidhya dies

Dredging Corp to add new dredger worth Rs 500 cr

State-owned Dredging Corporation of India (DCI) will add a new dredger worth Rs 500 crore to join its fleet by the end of this financial year. DCI has 10 trailer suction and three cutter suction...

Chhattisgarh launches health insurance scheme

Chief Minister Raman Singh announced the launch of ‘Chief Minister Health Insurance Scheme’ while presenting the state budget 2012-13 in the Chhattisgarh Legislative Assembly on Sunday afternoon. A provision of Rs 60 crore had been...

IFC to invest $60 mn in Apollo Hospitals

International Finance Corporation (IFC) will invest $60 m in Apollo Hospitals Enterprises Limited (AHEL). The fund raising is aimed to partially fund the hospital chain’s investment plan of $394 million.

FLAG Telecom to list – divest 75% for $1.25-1.5 bn

FLAG Telecom (Reliance Communications-controlled) has filed a prospectus in the Singapore Stock Exchange to list and divest 75 per cent stake in the submarine cables business for $1.25-1.5 billion