Market Bureau

Adrian Dillon and Renu Karnad joins WNS board

WNS (Holdings) Limited, a leading provider of global business process outsourcing (BPO) services, today announced the appointment of Mr. Adrian Dillon and Mrs. Renu Karnad to the Board of Directors of WNS (Holdings) Limited with...

HPCL will build integrated petrochem unit in Rajasthan

Hindustan Petroleum Corp Ltd will be setting up an integrated petrochemical plant alongside its proposed refinery at Barmer in Rajasthan. According to Company, Investment in the refinery will be around 20,000 crore rupees and the...

Mamata calls it off, pulls out of UPA II. Cong shocked !!!

Trinamool Congress supremo and West Bengal chief minister Mamata Banerjee decided to pulls out from the UPA government on account of being constantly ignored by Congress. Addressing media after a three hour long meeting being...

Jagran Prakashan seeks nod for Nai Dunia merger

In its filing to stock exchange Jagran Prakashan Limited has said Company is convening the meetings of the shareholders, secured and unsecured creditors. Hon’ble Allahabad High Court, directed company and its creditors to meet for...

Coal ministry de-allocates new Patrapara block

Suzlon seeks 4 months extension for FCCB repayment

Suzlon Energy Ltd today has sought approval from its bondholders to extend the repayment of foreign currency convertible bonds worth $220.8 mln that are due in October by four months. Company is scheduled to meet...

GSPL Gasnet seeks bid for Mehsana-Bathinda pipeline

GSPL India Gasnet Ltd, a joint venture of Gujarat State Petronet Ltd with Indian Oil Corp Ltd, Bharat Petroleum Corp Ltd, and Hindustan Petroleum Corp Ltd., has invited bids for engineering, procurement, and construction of a...

Long way for EU’s banking union

While the EU agrees that it needs a banking union, sorting out the details is somewhat tricky. Despite slow progress at the Cyprus summit, a common banking supervisory by January 2013 seems increasingly unlikely. In...

TataMotors to supply 320 CNG buses to Delhi govt.

Tata Motors Ltd has got an order for 320 buses running on compressed natural gas from the Delhi government for its integrated multi-modal transit scheme. The Delhi Integrated Multi-modal Transit System is the agency in...

FDI boost for DTH players

Direct-to-home (DTH) operators have welcomed the government’s move to increase the foreign direct investment limit in broadcast services to 74% across the board. Currently, foreign direct investment is allowed to the extent of 49% in...

Divestment is Back, Hind Copper, MMTC, NALCO & OIL on the block

The Cabinet Committee on Economic Affairs (CCEA) today approved divestment of government stake in four state-owned companies, namely Hindustan Copper Ltd, MMTC Ltd, National Aluminium Co Ltd and Oil India Ltd. The government, aiming to...

Bharti Infratel files IPO papers for 189 mln shr

Bharti Infratel Ltd has filed the draft red herring prospectus for the initial public offering of its mobile tower subsidiary Bharti Infratel with the Securities and Exchange Board of India (SEBI). Infratel’s IPO will comprise...