Vedanta Aluminum has acquired stakes in Larsen and Toubro-promoted Raykal Aluminum. The latter holds a certain bauxite mining licenses in Odisha. The stake acquired was about 24.5 per cent for Rs 200.70 crore. In time, VAL will surely acquire Raykal Aluminum for a total of Rs 1,811 crore. Vedanta Aluminium This would be subject for […]
Chairman of Sahara India said that finally, their plans for real estate development got legal approvals. With this, they had launched 10 integrated township projects across Tier –II and – III cities in the country. The project would spread about over 900 acres. The company also had launched an affordable housing brand called Sahara Swapna […]
In a government statement, Finance Minister Pranab Mukherjee states his disbelief in the rating agency’s report. He says that there would surely be a turnaround in India’s growth development in the coming months. He added that there are still investors who had put their trust in the country like the Foreign Institutional Investors which had […]
Mahindra Satyam partnered with London-based Oxygen Finance in order to promote Oxygen’s cloud based Accelerated Payment System. This decision of Mahindra is part of their drive to build its linear business and create value addition to its customers. The deal states that MSat is in a position where it can market and operate Oxygen Finance’s […]
Jindal SAW Ltd. just got a $198 million (Rs. 1000 Crore approx) contract from Iraq. This project is to build and operate a factory intended to manufacture oil and gas pipelines in the south. Khalaf al-Badran the chairman of Basra Investment Commission said that the project is a 25-year deal and is aimed to revive […]
The Advertising Standard Council of India (ASCI) has identified 55 commercials of companies and brands that might be full of white lies and misleading consumers. As we all know, marketing is very important in a business and one way to do this effectively is through commercials on television. Advertisements by companies could not cause any […]
RBI has mentioned a circular to all banks stating that they need to ensure they have followed the system that they have implemented where banks are not allowed anymore permitted to charge prepayment penalties on home loans on floating interest rate basis. Borrowers can now freely shift loans without incurring prepayment charges. There might be […]
Korea’s Hyundai Rotem Company had given Tecpro Systems Ltd a project that is worth $32.7 million (Approx. Rs. 160 Crores). The project involves supplying of coal, limestone and ash handling systems for a thermal power plant called Mong Doung. The tecpro systems will handle design, engineering, manufacturing, testing and delivery of a coal, limestone and […]
