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AGE CORRESPONDENTS
New Delhi/Bhubaneswar
Oct. 5: ArcelorMittal on Monday threatened to move its proposed steel plants from Jharkhand and Orissa in case land acquisition continues to prove difficult.
"The company continues to work on its two greenfield projects in…
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Age Correspondent
Mumbai
Oct. 5: Trading on the Bombay Stock Exch-ange (BSE) will get cheaper from Wedne-sday with the exchange introducing a new transaction fee structure for its cash equity segment.
For instance, for passive orders, which are defined as…
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New Delhi, Oct. 2: In what could trigger a slew of follow-on offers, the finance ministry has started the process of drafting rules for listed companies to increase public holding in case promoters hold more than 75 per cent stake.…
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AGE CORRESPONDENT
Mumbai
Oct. 2: The holdings in Indian equities by foreign institutional investors (FIIs) and domestic institutional investors (DII) are expected to outperform the rest of the market over the next decade.
According to Mr Gautam Chand of Instanex…
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Boston, Oct. 2: IBM is introducing an inexpensive Web-based corporate email service that will compete with Google Inc’s Google Apps, which has recently suffered several high-profile outages.
The International Business Machines Corp (IBM) will likely try to capitalise on the…
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AGE CORRESPONDENT
New Delhi
Oct. 2: GE is merging all its standalone businesses and manufacturing plants in the healthcare segment in India into its joint venture with Indian IT giant Wipro—-Wipro GE Healthcare.
GE owns 51 per cent in Wipro…
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New Delhi, Oct. 2: The government is likely to arm SFIO, an investigative wing of the corporate affairs ministry, with powers to interrogate and seize documents among others, following the complaints that it faced problems in probing the multi-crore Satyam…
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New Delhi, Oct. 2: Officials have objected to replacement of the word "charitable" with "welfare" for tax relief purposes in the new Direct Taxes Code (DTC), saying it could lead to misuse of concessions that are aimed at encouraging people…
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Istanbul, Oct. 2: The global economy is on unsteady legs, the World Bank warned on Friday, saying that 2010 would be "a highly uncertain economic year" as other signals took the gloss off talk of a quick recovery.
The warning…
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New Delhi, Oct. 2: NRI billionaire, Mr Lakshmi Mittal, who has created the world’s largest steel empire through a slew of takeovers, is gearing up to restart doing what he is best at — that is mergers and acquisitions.
"We…
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K.S. ANANDAN
Chennai
Oct. 2: Shell, a global major in the industrial and automotive lubricant business, is planning to set up its second manufacturing plant in India.
Shell India has a manufacturing plant at Taloja in Maharashtra with a production…
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New Delhi, Oct. 2: Consumer durables major Videocon Industries has decided to buy Finnish company Elcoteq, engaged in contract manufacturing of mobile phones and other electronic items, in a deal estimated at around $73 million.
Although Videocon officials declined to…
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Mumbai, Oct. 2: The 14,000-crore Indian film industry lost a whopping Rs 3,000-4,000 crore in the last fiscal to rampant video and music piracy, a top production house official said.
"The film industry incurred a revenue loss of Rs 4,000…
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Brussels, Oct. 2: European Union regulators said on Friday that they have charged British Airways, American Airlines and Iberia with breaking anti-trust rules by sharing lucrative trans-Atlantic routes.
The European Commission said it sent a formal chargesheet to the three…
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Olga Tellis
Mumbai
Oct. 2: The Grasim board, which is meeting on Saturday to approve the restructuring process of the company, is expected to announce the formation of a 100 per cent subsidiary to which it will offload its cement…
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New Delhi, Oct. 2: Banks may boast of providing 24X7 services through mobile and internet banking, but they have decided not to take the blame for any delay and errors in the mobile or e-mail alerts sent to their customers.…
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Age Correspondent
Bhubaneswar
Oct. 2: A petition has been filed in the Orissa High Court challenging the appo-intment of Mr A.K. Srivastava as the chairman cum managing director (CMD) of National Aluminium Company Ltd (Nalco).
In his petition, a shareholder…
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New Delhi, Oct. 2: The signs of revival in the global economy should not be confused with the financial crisis being over and the countries should be ready with policies to sustain the recovery, multilateral lending agency IMF has said.…
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New Delhi, Oct. 1: The ongoing tussle between the Ambani brothers along with the global recession could result in a muted response from foreign firms to the auction of oil and gas blocks by the Indian government under the…
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New Delhi, Oct. 1: A sharp rise in food prices, vegetables in particular, pushed inflation higher to 0.83 per cent as of September 19 and analysts expect that the rate of price rise to cross seven per cent by this…
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