Power-starved state electricity boards can now vie among themselves on a common platform for extra power to run industries or light households.
Indian Energy Exchange Ltd (IEX), the country’s first power exchange, commenced operations on Friday, ushering in a new way of demand-supply management of electricity.
The exchange received bids for 13,176 Mwh (mega watt hour) of […]
The country’s second largest real estate player Unitech Ltd on Friday said it would dilute 26 per cent stake in its telecom arm to a strategic foreign partner, for which it is in discussion with a few telcos.
“We are looking for a minority dilution of 26 per cent stake to a strategic foreign player in […]
There has been a further cost overrun for the Tata Motors Nano project at Singur. “It now stands at more than Rs 2,000 crore,” said Mr Ravi Kant, managing director of the company at Writers’ Buildings on Saturday.
Mr Kant said the original project cost was at Rs 1,700 crore and there has been a cost […]
Matterhorn Ventures, an FII, yesterday bought a 9.3 per cent stake in Mumbai-based IT firm Geometric for around Rs 25 crore — 57.75 lakh shares at Rs 43.50 per share.
The shares were sold by FID Fund Mauritius. The block deal saw the company’s share price going up by 14 per cent to close at Rs […]
Vodafone and Airtel started pre-registering customers for the iPhone 3G this week, and ever since, offices and blogs have been abuzz with discussions on what Apple’s much-awaited product will be priced at.
Many think it will be just a shade over Rs 8,000 — the rupee equivalent of the price in the US, which is $199. […]
Closely-held retail chain major Subhiksha has quietly crafted a strategy to become a listed entity even as a volatile stock market is upsetting the plans of many companies wanting to go public.
Subhiksha, India’s largest food and grocery discount retailer, announced it is acquiring a majority stake in a Chennai-based listed company, Blue Green Constructions and […]
Holding your nerve in a bear market requires both sound knowledge and a cool head. If you can do so, you can both reduce losses and find profitable gems gathering dust. After all, it's worth remembering that that most revered of all investment prophets Warren Buffet eyes bear markets with a special gleam in his […]
In what could be termed as intra-company transaction, Anil Dhirubhai Ambani owned Reliance Infrastructure `bagged’ the Rs. 12,800-crore engineering, procurement and construction (EPC) contract for the 4,000 MW Sasan Ultra Mega Power Project (UMPP) in Madhya Pradesh.
According to an official release here, Reliance Infrastructure was selected after consultation with several international players to finalise the […]
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