Times of IndiaPosted by Yogesh on Monday, 14 July, 2008
MUMBAI, July 14 – Indian energy equipment maker Bharat Heavy Electricals Ltd has bid for a locomotive manufacturing facility in Europe, the Hindustan Times newspaper said on Monday, citing the state-run firm’s chairman.
K. Ravi Kumar told the newspaper the target company makes electrical motive units and prototype coaches and was up for sale because of financial problems, but he did not disclose the name of the firm.
Posted in Corporate News | Tagged: BHEL, bid | Leave a Comment »
Posted by Yogesh on Monday, 14 July, 2008
MUMBAI, July 14 – An associate of Kotak Mahindra Group has bought 27.76 percent stake in publisher Business Standard Ltd that was held by Great Eastern Shipping Co Ltd , the publisher said at the weekend.
Infina Finance Pvt Ltd, an associate of Kotak Mahindra Group, which controls Kotak Mahindra Bank , which bought the holding did not disclose financial details.
Posted in Corporate News | Tagged: Business Standard, Investment, Kotak Mahindra | Leave a Comment »
Posted by Yogesh on Monday, 14 July, 2008
NEW DELHI, July 14 – Shares in Ranbaxy Laboratories Ltd fell more than 10 percent on Monday, their biggest drop in seven years, on concerns a U.S. probe may hit its U.S. sales and hamper a takeover by Japanese drug maker Daiichi Sankyo .
Ranbaxy, India’s top drug maker by sales, said the deal with Daiichi Sankyo, which is set to take control of the Indian firm for up to $4.6 billion, remained on track, while the Japanese company said it had been aware an inspection was underway.
Posted in Corporate News | Tagged: Ranbaxy | Leave a Comment »
Posted by Yogesh on Monday, 14 July, 2008
MUMBAI, July 14 Axis bank beat forecasts with an 89 percent rise in quarterly profits and a top official was upbeat on loan demand, but its shares fell 5 percent as depreciating investments helped provisions almost treble.
“We have always grown 2-� to 3 times the industry average and should be able to sustain that,” Hemant Kaul, Axis president for retail banking, said on Monday.
Posted in Financial Result | Tagged: Axis Bank | Leave a Comment »
Posted by Yogesh on Monday, 14 July, 2008
NEW DELHI, July 14 – India has asked state fuel retailers not to build new petrol stations for two years to trim costs at companies losing heavily due to state-fixed, low pricing, an Indian Oil Corp official said on Monday.
“We have to reduce our capex. We have decided not to set up any retail outlets except the ones under construction and the ones we are planning at strategic Read the rest of this entry »
Posted in News | Tagged: Petrol Station | Leave a Comment »
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