Ashok Leyland will seek shareholders approval to raise money through Qualified Institutional Buyers and other routes. The proposed fund raising is to support the company's capex, working capital and investment in joint ventures and other purposes.
Ashok Leyland will seek shareholders approval to raise money through Qualified Institutional Buyers (QIBs) and other routes. The proposed fund raising is to support the company's capex, working capital and investment in joint ventures (JVs) and other purposes.
Anil Agarwal-promoted Vedanta Ltd said it would merge its subsidiary Cairn India with itself for a larger natural resource play. In the all-stock deal, each Cairn India shareholder would be offered an equity share of Vedanta Ltd, besides a 7.5% redeemable preference share of Rs. 10 face value.
Public-sector banks have put Rs.140bn worth of non-performing assets (NPAs) up for sale, to ease some pressure exerted by stressed loans on their balance sheets. Delhi-based Punjab National Bank’s (PNB’s) Rs50bn bad loans account for a large portion of the total offered for sale
With the US probing TCS and Infosys for alleged visa rule violations, Communications and IT Minister Ravi Shankar Prasad said the government will intervene if the need arises.
Real estate developer Ashiana Housing Limited has entered into an agreement with Escapade Real Estate Pvt Limited, a joint venture (JV) between Arihant Group and JP Morgan Property Fund, to develop Ashiana Shubham, a senior living home, in Chennai. The project is expected to come up with an investment of Rs. 1.8-2 bn.
In an attempt to prevent the first major strike by steel workers in the UK since the 1980s, Tata Steel has approached the country’s conciliation service ACAS, which it hopes will facilitate talks between the two sides.
Mahindra & Mahindra will launch a new light commercial vehicle named Jeeto by the end of June to take on homegrown rival Tata’s popular minitruck Ace Zip.
Country’s largest power producer NTPC said it has commissioned another 200 megawatt (MW) capacity at its Koldam Hydro Power Project in Himachal Pradesh.
Mukesh Ambani-owned Reliance Retail is in the process of rolling out an e-commerce marketplace that will provide a platform to small retailers to sell products online.
Anil Agarwal-promoted Vedanta Ltd said it would merge its subsidiary Cairn India with itself for a larger natural resource play. In the all-stock deal, each Cairn India shareholder would be offered an equity share of Vedanta Ltd, besides a 7.5% redeemable preference share of Rs. 10 face value.
Public-sector banks have put Rs.140bn worth of non-performing assets (NPAs) up for sale, to ease some pressure exerted by stressed loans on their balance sheets. Delhi-based Punjab National Bank’s (PNB’s) Rs50bn bad loans account for a large portion of the total offered for sale
With the US probing TCS and Infosys for alleged visa rule violations, Communications and IT Minister Ravi Shankar Prasad said the government will intervene if the need arises.
Real estate developer Ashiana Housing Limited has entered into an agreement with Escapade Real Estate Pvt Limited, a joint venture (JV) between Arihant Group and JP Morgan Property Fund, to develop Ashiana Shubham, a senior living home, in Chennai. The project is expected to come up with an investment of Rs. 1.8-2 bn.
In an attempt to prevent the first major strike by steel workers in the UK since the 1980s, Tata Steel has approached the country’s conciliation service ACAS, which it hopes will facilitate talks between the two sides.
Mahindra & Mahindra will launch a new light commercial vehicle named Jeeto by the end of June to take on homegrown rival Tata’s popular minitruck Ace Zip.
Country’s largest power producer NTPC said it has commissioned another 200 megawatt (MW) capacity at its Koldam Hydro Power Project in Himachal Pradesh.
Mukesh Ambani-owned Reliance Retail is in the process of rolling out an e-commerce marketplace that will provide a platform to small retailers to sell products online.
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