HDFC submits offer documents with SEBI
August 31, 2009 by admin
Filed under Mutual Funds
HDFC Mutual Fund has submitted offer document with Securities and Exchange Board of India (SEBI) in order to launch a close ended income scheme- HDFC Fixed Maturity Plan - Series XII.
Unity Infraprojects secures Rs 325 cr contract from MCGM
August 31, 2009 by admin
Filed under Company News
Unity Infraprojects, the flagship unit of the Mumbai-based KK Group of Companies, has secured an Rs 325.23 crore contract from the Municipal Corporation of Greater Mumbai (MCGM).
Britannia secures right to use ‘Tiger’ brand worldwide: Wadia
August 31, 2009 by admin
Filed under Company News
Domestic biscuit major Britannia Industries (BIL) has secured the right to use ‘Tiger’ brand worldwide, after the company has successfully a legal dispute with US-based Kraft Inc over the use of the band, according to the company’s chairman Nusli Wadia at the company’s annual general meeting as quoted in a media report
Kingfisher Airlines to raise funds up to $100 million
August 31, 2009 by admin
Filed under Company News
The board of directors of Kingfisher Airlines passed an enabling resolution for an additional fund raising through various instruments including GDRs (Global Depositary Receipt), up to an amount of $ 100 million, subject to the approval of the shareholder at its meeting held on August 31, 2009.
Tata Motors reports consolidated results for June quarter
August 31, 2009 by admin
Filed under Company News
Tata Motors has announced its unaudited consolidated results for the quarter ended June 30, 2009.
IL&FS new promoter of Maytas Infra: CLB
August 31, 2009 by admin
Filed under Company News
IL&FS has emerged as the new promoter of Maytas Infra, a company founded by Satyam’s disgraced founder B Ramlinga Raju’s family.
ONGC receives board’s approval for procurement of stimulation vessel
August 31, 2009 by admin
Filed under Company News
Oil & Natural Gas Corporation (ONGC) board approved the acquisition of a new stimulation vessel equipped with state-of-the-art technologies for Mumbai Offshore at an estimated cost of Rs 764.1 crore with foreign exchange (FE) component of $150 million and Rs 14.18 crore.
IL&FS, Maytas close in the green on BSE
August 31, 2009 by admin
Filed under Buzzing Stocks
IL&FS has emerged as the new promoter of Maytas Infra, a company founded by Satyam’s disgraced founder B Ramlinga Raju’s family. The two scrips have closed in the green on CLB’s proposal for IL&FS to become the new promoter of the company.
Government reiterates financial sector innovations, reforms
August 31, 2009 by admin
Filed under Economy News
Buoyed by the improving signals in the economy, Finance Secretary Ashok Chawla has reiterated that the government was working with regulatory agencies to bring out more innovations and reforms in the financial sector as the growth in the Indian economy was returning. He was speaking on the sidelines of inauguration of interest rate futures trading on the NSE.
India not for changing modalities of Doha round
August 31, 2009 by admin
Filed under Economy News
Indian government has made it very clear that it is not in favour of tinkering with the basic structure of modalities for the long delayed Doha round of negotiations of World Trade Organisation. The government has said that while it was committed to earliest conclusion of the talks, it was also clear that such a solution can be obtained within the agreed modalities of the round.