After its takeover was rejected last month by the U.S. biotech group’s board, the GlaxoSmithKline will take its $2.6 billion bid for Human Genome Sciences direct to stakeholders. According to Hodson Stonex, currently the sixth largest investor in Human Genome, GSK made a good decision. But, still they will be facing payments for this. The […]
An unknown source once said that HSBC had agreed to absorb the entire RBS staff. But now, the problem is that not everybody will be retained. It is also not clear how many possible will be filled. There is still not comment about this on part of the HSBC spokesperson. While on the other hand, […]
The 12th Five Year Plan had a proposal of construction of a power generator with a capacity of about 80,000 MW will take place. This was told by Sushilkumar Shinde. This plan was approved July 31, 2008 and it was called re-structured Accelerated Power Development Programme with an outlay of Rs 51,577 crore. The program […]
The GAAR application has been deferred by a year due to the protest of both foreign and Indian investors. This will be implanted on the year 2013 and 2014. In order to address the problem with GAAR, a special committee that will discuss the rules and guideline for the implementation of GAAR was established. We […]
The fourth quarter of the last fiscal year was really a great quarter for Vijaya Bank. It had increased its net profit to about 234 percent. According to Mr H.S. Upendra Kamath, Chairman and Managing Director of Vijaya Bank said that the success of the bank was due to their increase in overall income while […]
American Tourister which is a member of the Samsonite Groups is eyeing an increase in their sales of about 60 per cent and hoping to have a sales of about Rs 750 crore. This fast growing company is a US-based family travel solutions provider. They have seen that there will surely be an increase in […]
Among the company that is doing good this year is the Ramky Infrastructure Ltd. They had bagged orders amounting to Rs 1,248.95 crore on projects like irrigation, covering roads and construction segments. There service is quite in demand today especially with the fact that India is developing in the fast pace. These projects being able […]
A deal between the Pantaloon and Aditya Birla Nuvo is about to emerge where the latter will infuse Rs 1,600. In a statement issued by PRIL, they will invite an investment from Aditya Birla Nuvo by demerging entity from PRIL, but still with necessary approvals. The good thing with the investment of ABNL is that […]
