The Centre is likely to up its stake in Nabard to up to 99 per cent by acquiring the RBI’s stake for Rs 1,450 crore in the current year, a top Nabard official said. The Reserve Bank holds 72.5 per cen

ICICI Bank is awaiting the RBI’s approval for acquiring Bank of Rajasthan and would initiate the process of integration once the regulatory clearances are received, a top official of the bank said. “W

In a big boost to ONGC, the government has approved up to 25 per higher price for natural gas the state-owned firm may produce from new fields.
The oil ministry on June 28 issued guidelines for the p

BHEL ON Monday said it has bagged a contract worth Rs 2,525 crore from Abhijeet Infra for setting up a 1,080 MW thermal power plant (4x270 MW) in Jharkhand. “Valued at Rs 2,525 crore, the contract env

GMR INFRASTRUCTURE, the infrastructure-holding company of the GMR Group, on Monday reported a 26.23 per cent growth in consolidated net profit at Rs 28.44 crore for the quarter ended June 30, 2010. It

With an eye on the rural markets of the southern states, jewellery maker Jos Alukkas and Sons has announced a Rs 550crore expansion plan for the next two years and plans to open 12 new stores, mainly

GLEMARK PHARMACEUTICALS said it has entered into a settlement agreement with US firm Sepracor, which could pave way for the Indian firm to launch generic eszopiclone tablets, used in treating insomnia

Fortis Healthcare on Friday reported a consolidated loss of Rs 13.41 crore for the first quarter ended June 30. The company had a net profit of Rs 7.60 crore in the same period last fiscal. The total

Bank of Baroda on Friday hiked its benchmark prime lending rate by 50 basis points to 12.50 per cent. The hike takes the bank’s BPLR from the existing 12 per cent to 12.50 per cent, the bank informed

Garments exports declined for the second month in a row falling by 13.5 per cent to $833 million in June this year due to poor demand from the US and European markets. Garments exports were at $964 mi