Come October and the Indian market will see the launch of five models of electric scooters from the BSA Motors camp. South India is where the company is initially wants the launch to happen and so its media campaign shoots off the south of the Vindhyas in November.
 
BSA GM KB ...

Omaxe, realty company, has declared that it has begun the construction of a township covering 336-acre at Patiala in Punjab. It added that it will be partnered by Patiala Development Authority (PDA) in this project that will see an investment of Rs 800 Crore. A formal statement was issued by Omaxe ...

Getting a personal computer (PC) and along with it an internet connection is soon going to be made a hassle free task in Hyderabad as well as Trichur. This is because the Bharat Sanchar Nigam Limited (BSNL) in collaboration with HCL has introduced an offer under which people can get broadband ...

Though Rasna has also forayed into the fast food market, it is most synonymous with its delicious soft drink concentrate. Consumers will now see this Ahmedabad-based firm introducing ready-to-sip Chai (tea) in the global tea market. To be launched under the brand name 'Bollywood Chai', this new ...

The Karnataka Power Corporation Ltd (KPCL) inked a deal with the Chhattisgarh government on Monday, September 8, 2008 to build a 1,200 MW thermal plant in the state by investing Rs.60-billion. Sources inform that this plant will probably come up in Chhattisgarh's northern region, where the mines of ...

Godrej, which is a big name in the Indian consumer goods market, will now be introducing television sets and plans to capture 10 per cent of the market share the initial year. It is Godrej Appliances, the consumer goods division of Godrej and Boyce Manufacturing of Europe who will be jointly ...

The Ranchi-based Heavy Engineering Corporation has joined hands with Bharat Heavy Electricals Ltd (Bhel) for a joint venture foundry forge company, informed an HEC official. Abhay Kanth, HEC company secretary, said, 'HEC has a foundry and forge unit and is capable of meeting Bhel's requirements. ...

The foundation stone for the Rs.120-billion integrated steel plant at Nagarnar village of Bastar district in Chattisgarh was laid jointly by steel minister Ram Vilas Paswan and Chhattisgarh chief minister Raman Singh on Wednesday, September 3. This steel plant belongs to the National Mineral ...

A release from Tech Mahindra reveals that the company has bought minority stake for an undisclosed amount in European System Integrator Servista. Tech Mahindra is a part of Mahindra Group, and is a major IT company in India. With this buyout Tech Mahindra will have the right to nominate a member ...

It was announced by the Aditya Birla Nuvo Ltd on Thursday, August 28, that acquisition of 56 per cent in Chennai's capital investment firm Apollo Sindhoori has been permitted by its board of directors. The acquisition will cost Aditya Birla Nuvo Ltd Rs.190 Crore.
 
Aditya Birla Nuvo, a ...

Sterlite Technologies Ltd, announced on Thursday, August 28 that it has clinched contracts worth Rs.2.78 billion. The contracts have come from Power Grid Corp of India Ltd, Jaypee Powergrid, Rajasthan’s state electricity board and the Ethiopian Electric Power Corp.
 
A statement ...

ONGC Videsh Limited (OVL) is set to bag a deal to buy Imperial Energy for an estimated cost of $1.4 billion (Rs 11,200 crore). Apparently, the acquisition will be the third largest foreign acquisition by an Indian company. Earlier, ONGC had bid for Imperial Energy on July 12, through its ...

To fulfill its objective of continued expansion of consulting capabilities Infosys will buy Axon Group of UK. According to media reports Infosys Technologies on Monday disclosed that it was buying UK-based consultancy services firm Axon Group. The deal is in all cash, and will have value of ...

Indian IT company HCL is in expansion mode and recently it has launched its Sydney global development center. The center aimed at customers support from various parts of world will have a staff of over 500 people. Currently, HCL has delivery centers in India, China, Poland, Singapore and Ireland. ...

The microfinance portfolio of the SKS Mircofinance, which is worth Rs 100 Crore, has been acquired by the IndusInd Bank through the allotment of agriculture advances. It is by February next year that IndusInd, a private sector bank, is expected to take the balance Rs 50 Crore micro-finance ...

Idea Cellular, owned by the Aditya Birla group of India, introduced its mobile services in Mumbai on Wednesday, August 20. At the launch of the mobile service, Kumar Mangalam Birla, the Aditya Birla group chairman, said, ‘Mumbai is the commercial capital of India. From today, we will set the ...

Pharmaceutical major Lupin Laboratories has entered into a promotion and marketing agreement with US-based Forest Laboratories for its Aerochamber line of products. Lupin is a well known producer of herbal products and its products are a fusion of heritage and science which are quite identical to ...

Engineering projects company Voltas Limited and Tata Enterprise have declared that they have entered into definitive agreements to secure majority stake in the Mumbai-based Rohini Industrial Electricals (RIE). The RIE deals in undertaking large turnkey electrical and instrumentation projects for ...

In alliance with international technology partners, the Larsen & Toubro (L&T) has clinched engineering orders worth Rs 3,816 crore from a number of clients in the metal industry. The L&T Company officials informed that their alliance with the Outotec GmbH of Germany and Paul Wurth of ...

The National Housing Bank (NHB) is all set to buy out 12.5 per cent stake in Mahindra Rural Housing Finance (MRHF). The MRHF happens to be a fully owned subsidiary of the Mahindra and Mahindra Financial Services (MMFS). The two parties, it is heard, have already signed the subscription ...

Shiv-Vani Oil & Gas Exploration Services, on Thursday, August 7, announced that it has received an order worth Rs 1,610 Crore from the Oil and Natural Gas Corporation (ONGC) for deployment of eight onshore deep drilling rigs. Shiv-Vani is a top service provider catering to the upstream segment ...

India’s biggest steel company, Tata Steel occupies the 231st rank and not 315th as was earlier mentioned on the 2008 List of Global Fortune 500 Companies.  This error occurred because Tata Steel announced its annual results after crossing the publication deadline of the listing of the ...

DLW, an Indian Railways production unit at Varanasi is looking forward to export to developing nations. The company is eyeing especially in Africa and the Middle East. DLW general manager S.M. Bhardwaj said that Africa is a potential market and the company is looking in Tanzania, Mozambique, ...

Coal India CMD Partha Bhattacharyya divulging the intention of Coal Videsh for further expansion has said that the company is acquiring coking and non-coking coal blocks in Indonesia and Mozambique. Also, he said that he and his SAIL counterpart will soon visit Mozambique to finalize a few coal ...

Sources inform that the largest power generation company in India, the National Thermal Power Corporation (NTPC) is engaged in talks to buy out a coal mine in Indonesia. For its international acquisition spree, it is informed that the NTPC has marked aside US $three billion.
 
It is further ...

The Steel Authority of India Limited (SAIL) has entered into a 50:50 joint venture (JV) with the Manganese Ore India Limited (MOIL) of Nagpur for building a million tonne ferroalloys plant at Bhilai. This project will approximately incur an investment of INR 400 crore.
 
Responsibilities ...

Japanese drug manufacturing company Daiichi Sankyo has said that its open offer to acquire 92.5 million share at Rupees 5 each might change. The announcement has been made by ICICI Securities which is managing the open offer.  This has come in aftermath of Ranbaxy’s takeover by ...

Union Bank of India has won Rajbhasha Shield Competition for the year 2006-07. The award was introduced Reserve Bank of India for promotion of national language Hindi in public sector banks and other financial institutes run by government of India.
 
Union Bank of India is considered one of ...

NDTV Good Times, India’s leading travel and lifestyle channel has entered into a distribution partnership with Dialog TV of Sri Lanka. Rahul Sood, NDTV (Head - Distribution & Affiliate Sales) commenting on the deal said partnership with Dialog TV to offer NDTV Good Times to viewers in Sri ...

Indian hotel industry is going worldwide now. This time Indian Hotels Company Ltd (IHCL) of Tata group has signed for a partnership with Cuiting Hotspring Hotel Management Company Ltd (CHHMCL) to run two hotels in China. The selection of the sites too have been done by now, and the first site is ...