Biz Briefs
Canada has identified India as a priority market in its global commerce strategy and committed to increase its bilateral trade to $15 billion by 2015. It had added three trade offices in India.
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Apollo to focus on stem cells
Hyderabad, Aug. 16: Apollo Hospitals Group, the largest Indian hospital chain, is betting big on genetic and stem cell research to develop new ways of preventing and treating a disease.
In September
Vedanta acquires Cairn India
Mumbai, Aug. 16: In one of the largest M&A deals involving an Indian firm, Anil Agarwal’s Vedanta Group will acquire a majority stake in Cairn India for $8.5-9.6 billion. Cairn India is the subsidiary
Food price pulls inflation down
New Delhi, Aug. 16: Inflation, which measures the pace of rise in prices fell to single digit in July to 9.97 per cent after a gap of five months.
The downfall in the inflation was on account of dec
Lanco Infra posts 68% rise in profit
HYDERABAD-BASED Lanco Infratech on Monday reported a huge 68 per cent jump to the profit after taxes, at Rs 194.7 crore for the quarter ended June 30. The company posted a profit after tax of Rs 115.9
Future group may IPO eye Rs 750 cr
An unit of Future Group, which runs the country’s top listed retailer Pantaloon Retail, is looking to raise as much as Rs 750 crore through an IPO, according to a draft prospectus. Future Ventures, th
Tata Motors global sales jumps 36%
Tata Motors on Monday said that its global sales increased by 36 per cent in July to 90,646 units on robust demand for both commercial and passenger vehicles. Sales of luxury brands from Jaguar Land R
Sharma rules out ban on ore export
THE COMMERCE and industry ministry has said on Monday that it is not in favour of restricting iron ore exports even as the ministry of steel and Karnataka government want curbs on the mineral shipment
Mary Kom to lead Indian challenge
New Delhi, Aug. 16: Four-time world champion boxer M.C. Mary Kom will lead the 10-member Indian contingent to the sixth AIBA World Championships to be held in Barbados next month. The Khel Ratna award
PM skips timeline for inflation
New Delhi, Aug. 15: With the optimism of a strong economy, the Prime Minister, Dr Manmohan Singh, on Sunday assured the nation that the government is working to control the double-digit inflation. He