BSNL (Bharat Sanchar Nigam Ltd) is planning to increase its value up to Rs 15,000 crore through long-term loans from banks. SBI Capital Markets has been appointed to arrange the loans to telecom PSU. BSNL is in huge debts, The PSU had registered a loss of over Rs 6,000 crore for the year 2010-11 and […]
Realty firm Godrej Properties has got a new Managing Director and Chief Executive Officer. It has been declared on 19th of January that the Executive Director, Mr. Pirojsha Godrej will take charges from April 1. A quick and needed decision was taken as the former Managing Director Milind Korde has resigned for personal reasons. He […]
Bajaj Auto reported a 19% increase in its net profit for the third quarter of the current fiscal, during October to December at Rs.795 crore compared to Rs.667 crore in the period of 2010-11 on Thursday. The company has improved its operating EBITDA (earnings before interest, taxes, depreciation, and amortisation) margin from 20.1 percent in […]
GE’s Annual Global Innovation Barometer conducted a report based on a survey of 2,800 senior business executives in 22 countries, including 200 respondents in India and said that India stands in the sixth position as the most innovative country. US topped the list with 65% of the global respondents followed by Germany (48%), Japan (45%), […]
Credit Suisse Research Institute conducted a study on the attitude of people towards personal finances over various countries and proved that Indians are liberal with spending amount on education though they have strong tendencies of saving. Institute pointed out through its study that Indian consumers are more confident with their personal finances than others residing […]
Country Chicken, Australian fast-food chain launched its first outlet in India in Coimbatore on Wednesday. 300 such outlets are planned across India by 2015. The company would invest nearly Rs 200 crore for expansion of Country Chicken (India) with 80% in tier II and III cities including franchisees as said by Mr Ramakrishna, CEO Country […]
PepsiCo, global soft drinks and snacks manufacturer is planning to expand its reach in the health and wellness sector. As a part of it, company introduced a premium range of potato chips, “Lays Baked” which has 50% less fat than its existing fried products on Wednesday under Lays brand. Along with brands like Pepsi, Kurkure, […]
According to sources, Reliance Communications is planning an initial public offering (IPO) of Reliance Globalcom in Singapore. Reliance may sell 75% stake in this company, through which Reliance Communications is looking forward to raising up to $1.5 billion. The company has a debt of nearly Rs 32,000 crore by the end of September 2011. To […]
