Telecom Minister Kapil Sibal has ordered a high-level committee under a senior government officer to examine the VSNL-Tata divestment. Sibal has sought a report on the matter latest by March 31. He claims the divestment in 2002 was not fair and transparent.
The target of adding 62,000 MW of power capacity in the 11th Plan may come under pressure, as commissioning of NHPC's 2,000-MW Subansiri project in Assam is likely to be delayed by at least two years due to resistance from locals.
Leading IT Company TCS announced plans to ramp up its customers base for its product meant for Small and Medium Business (SMB) to more than 1,000 by the end of current year.
State-run Hindustan Copper plans to invest Rs 3,677 crore to almost quadruple its existing copper ore production capacity to 12.41 million tonnes per annum by 2016-17.
Ruias-owned Essar Steel's capacity expansion at its Hazira plant is almost complete, which will take its total production capacity to 10 million tonnes per annum.
Sheths of Great Eastern Shipping have deployed part of the cash generated from their traditional shipping business to expand their offshore business with Singapore as the hub for global operations.
Emami is keen to acquire Henkel AG's 51 per cent in Henkel India, the consumer goods maker, even as Jyothy Labs bagged a 14.9 per cent stake in the company.
National Aluminium Company (NALCO), the Navratna PSU, under the union ministry of mines, Govt. of India, has become the first PSU in the country by implementing a pilot-cum-demonstration project on Carbon Sequestration in its Captive Power Plant at Angul.
Integrated (Mauritius) Healthcare Holdings, an arm of Khazanah Nasional Bhd, has acquired 8.82 per cent stake in corporate hospital chain Apollo Hospitals from Bisikan Bayu Investments, another arm of the Malaysian sovereign fund, for Rs 470 crore.
The $68-billion conglomerate, Tata Group, has become the first Indian brand to figure in the top 50 global companies.
Outsourcing firm Hinduja Global Solutions (HGS) will hire about 2,000 people in the next fiscal to ramp up its headcount to 22,000.
Ganesh Polytex (GPL) is eyeing Rs 1,000 crore revenue in the next five years on the back of growing demand for polyester fibre, both in the global as well as the domestic market.
Viceroy Hotels (VHL) is looking to hive-off its Rs 560 crore Chennai project into a separate company to cut debt on its balance sheet.
Madhucon Projects has received a letter of award from National Highway Authority of India (NHAI) for 4-laning of Ranchi-Rargaon-Jamshedpur section of NH-33from Km 114.000 to Km 277.500 in the state of Jharkhand under NHDP Phase - III on design, build, finance, operate and transfer (DBFOT) on Annuity basis.
Everest Industries, one of India’s fastest growing building solutions company has announced that will set up a new manufacturing facility in East India to cater to the growing demand as it aims to cross Rs 1,000 crore revenue in 2011-12.
The country’s largest power producer National Thermal Power Corporation (NTPC) has started Stage-III commercial operation at Unit-VII of 500 MW of Korba Super Thermal Power Project with effect form March 21, 2011.
The Supreme Court has admitted the petition of Reliance Communications challenging the order of the telecom tribunal TDSAT which had set aside the plea of Anil Ambani group firm challenging penalty imposed by the state-run firm BSNL.
Reliance Industries projected a 13 per cent fall in gas production from its famed KG-D6 block to 38 million metric standard cubic meters of gas a day in 2012-13.
The US Foods and Drugs Administration (USFDA) will be sued by the US pharmaceutical company Mylan Inc, for an injunction on the launch of Ranbaxy’s cholesterol treatment drug Aricept, which is a generic version of Pfizer’s Lipitor.
ICICI Bank and Intuit, a global developer of business and personal finance management solutions, launched Money Manager, an online personal finance management solution.
