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Hero Moto to invest Rs 5k cr for new plants

Mon, 20 Oct 2014 19:23:45 GMT

Hero MotoCorp is fuelling up for a major expansion and will pump in Rs 5,000 crore to nearly double capacity and open plants in India and abroad.

Warburg buys Rs 1,200cr Kalyan Jewellers stake

Mon, 20 Oct 2014 19:21:48 GMT

The funds will be used to open new stores outside Kalyan Jewellers' key south India market to tap the growing demand for gold ornaments, the jeweller said in a statement.

UltraTech bids for Philippines, Brazil assets of Holcim-Lafarge

Mon, 20 Oct 2014 19:20:19 GMT

Holcim has three integrated cement plants, two grinding stations and one ready-to-mix facility in Brazil, while it has three units in Philippines.

Projects worth Rs 3 lakh crore go on stream

Mon, 20 Oct 2014 19:08:35 GMT

In all, investments worth Rs 2.88 lakh crore have gone on stream in sectors as diverse as power, steel, airports and oil and gas, data collated by the Project Monitoring Group (PMG) in the Cabinet secretariat showed.

Govt to re-look at gold import curbs after Diwali: Jaitley

Mon, 20 Oct 2014 14:57:31 GMT

Faced with 5-fold rise in gold imports that is pushing up the current account deficit, finance minister Arun Jaitley on Monday said the government would look at re-imposing curbs on gold imports after Diwali.

Centre closer to finding a solution on GST: Sitharaman

Mon, 20 Oct 2014 14:53:08 GMT

The Centre is closer to finding a solution to approve a legislative scheme, which enables the introduction of Goods and Services Tax, Union minister of state for commerce and industry Nirmala Sitharaman said on Monday.

IDBI Bank raises Rs 2,500cr via Basel III bonds

Mon, 20 Oct 2014 13:10:55 GMT

IDBI Bank on Monday said it has raised Rs 2,500 crore Basel III-compliant additional tier-I (AT-I) bonds.

Diesel price decontrol may create more policy space for RBI: India Ratings

Mon, 20 Oct 2014 11:50:55 GMT

The Union government’s decision to deregulate diesel prices will significantly improve the country’s finances as the oil subsidy will come down by Rs 15,000 crore, India Ratings & Research has said.

Diesel price decontrol may create more policy space for RBI: India Ratings & Research

Mon, 20 Oct 2014 11:50:55 GMT

The Union government’s decision to deregulate diesel prices will significantly improve the country’s finances as the oil subsidy will come down by Rs 15,000 crore, India Ratings & Research has said.

Sensex up 321 pts on energy reforms, state poll results

Mon, 20 Oct 2014 11:23:39 GMT

Markets began the Diwali week with a bang with Sensex on Monday surging 321.32 points, its biggest rise in over a week

Warburg Pincus invests Rs 1,200cr in Kalyan Jewellers

Mon, 20 Oct 2014 11:02:05 GMT

This is the largest PE investment in the jewellery manufacturing and distribution industry in the country and the largest PE investment into Kerala thus far.

United Spirits June quarter net loss at Rs 56 crore

Mon, 20 Oct 2014 09:14:58 GMT

The company had posted a net profit of Rs 118.13 crore during the same period of previous fiscal.

RIL falls; gas price hike seen lower than expected

Mon, 20 Oct 2014 08:29:47 GMT

The firm will not get the benefit of the price rise for gas produced from its D1 and D3 gas fields. RIL is locked in arbitrations with the government over its D6 block.

The $40 billion jet buying spree — IndiGo's big bet

Mon, 20 Oct 2014 07:12:59 GMT

Almost four years ago a handful of people gathered in Airbus sales chief John Leahy's spacious country house outside Toulouse and argued long into the evening over curry and cigars.

Rupee gains 25 paise against dollar in early trade

Mon, 20 Oct 2014 04:40:16 GMT

In a major reform push, the government had on Saturday deregulated diesel prices.

Sensex up over 400 points on energy reform, elections

Mon, 20 Oct 2014 04:19:15 GMT

Sensex surged over 400 points in early trade on Monday on the back of government’s recent moves to deregulate diesel prices and also fix the price of gas, that analysts and investors see as big positives for the economy.

Sensex up over 300 points on energy reform, poll results

Mon, 20 Oct 2014 04:19:15 GMT

State run oil refiners surged, with Hindustan Petroleum Corp up 7.4%. Bharat Petroleum Corp rose 6.3%.

Gas price hiked, consumers to be cushioned

Mon, 20 Oct 2014 01:09:29 GMT

The Narendra Modi government on Saturday chose the oil sector to launch big-ticket economic reforms by raising the price of gas from domestic fields to $5.6 per unit, or roughly 33%, from $4.2 at present.

LIC hikes stake in Infosys, buys Rs 1,400 crore shares

Mon, 20 Oct 2014 00:39:31 GMT

State-owned life insurer LIC has shored up its stake in Infosys to 4.45%, purchasing shares that are worth about Rs 1,400 crore in the July-September quarter.

Hyundai faces City heat, to upgrade Verna

Mon, 20 Oct 2014 00:36:23 GMT

Hyundai is set to give an upgrade to the Verna sedan, which has been rattled by the strong showing of the new Honda City and good response to the newly-launched Maruti Ciaz.

Builders, lenders to benefit from changes in road contracts

Mon, 20 Oct 2014 00:33:48 GMT

The government is set to overhaul highway contract documents to provide extra comfort to lenders and project developers to get road projects going and boost investment.

ONGC to gain Rs 1,950cr this fiscal

Mon, 20 Oct 2014 00:27:23 GMT

Flagship explorer and the country’s biggest gas producer ONGC will gain an additional profit of Rs 1,950 crore this fiscal from the government’s decision to raise price of gas from domestic fields.

India set to become $2 trillion economy this year

Sun, 19 Oct 2014 17:23:52 GMT

India is poised to become a $2 trillion economy this year, while its GDP size would cross another milestone of $3 trillion after five years in 2019, according to IMF's latest world economic outlook.

Tata JLR plans factory in US

Sun, 19 Oct 2014 17:16:32 GMT

Tata Motors' owned Jaguar Land Rover (JLR) is working on an ambitious plan to set up a factory in the US, in a first for a British carmaker in the world's second-biggest automobile market.

India Inc hails BJP's showing in Maharashtra, Haryana

Sun, 19 Oct 2014 13:10:48 GMT

India Inc on Sunday hailed the good show by BJP in Maharashtra and Haryana assembly polls hoping that it will give further impetus to the Modi government to push ahead with key economic reforms, including Goods and Services Tax (GST).