The Centre has increased the excise duty on sugar by Rs 9 a quintal. The levy will come into effect from March 1 and has nothing to do with the Budget being presented in Parliament on Friday.
LIC Housing Finance is looking to combine its reverse mortgage plan with a whole-life annuity provided by a life insurer
National Thermal Power Corporation Ltd (NTPC) has informed the BSE that it has signed a joint venture agreement with UPRVUNL, on Thursday for implementation of 2x660 MW coal based thermal power project at Meja in Allahabad in Uttar Pradesh.
The project would be implemented by the proposed joint venture company on build, own and operate basis
Parsvnath Developers Ltd on February 28 announced the start of construction of 'Parsvnath Preston' a high-end group housing residential project, in Sonepat, Haryana. The expected realization from the project is over Rs 500 crore in next 3 years. The project is spread over a saleable area of 2.2 million sq. ft.
NIIT Technologies has signed a share purchase agreement for acquisition of 100 per cent share capital of Softec GmbH, Germany.
NIIT Technologies Ltd has informed BSE that the Company has signed such a share purchase agreement with shareholders of Softec GmbH.
American car-maker Ford is expected to finalise the deal with Indian conglomerate Tata for the sale of luxury brands, Jaguar and Land Rover, by next week.
Essar Oil on Thursday said it would raise $2 billion through issue of securities in domestic and international markets.
The firm would issue equity shares, convertible debentures, American Depository Receipts (ADRs) and Foreign Currency Convertible Bonds (FCCBs), among others, it said in a filing to the Bombay Stock Exchange.
Indiabulls Real Estate (IBREL), the real estate arm of the Indiabulls group, has decided to take majority stake in Dev Property Developers, (DPD) the London-listed property fund, in order to gain majority control over two of its prized properties in Mumbai. IBREL has bought over 90% in DPD for about Rs 1,100 crore. The stake has been purchased from three FIIs — Government of Singapore, Fidelity and HSBC.
US car-maker Ford is expected to finalize the deal with the Tatas for the sale of the luxury brands, Jaguar and Land Rover, by next week, reports agency source.
The two sides are expected to sign a deal worth around USD 2 billion next Wednesday or shortly afterwards.
CitiFinancial, its consumer finance unit, which is also reeling under the burden of rising bad loans, is considering closing about 100 of its 450 branches in India.
In terms of cost-cutting, the bank is relocating ATMs. Citibank is relocating around 30 ATMs from high-cost locations to low-cost areas,” said banking sources.
The Department of Telecommunications, Ministry of Communications & Information Technology, Government of India has granted licences to 4 subsidiaries of Unitech for providing Unified Access Services (UAS) in respect of 12 telecom circles.
Autoline Industries announced that `Autoline Industries, Pune` and `Sharjah Cement & Industrial Development Co. (SCIDC), (UAE)`, have entered into shareholders` agreement on Feb. 28, 2008 with Autoline Industrial Parks, Pune a subsidiary company of the company. This joint venture has been formed for the purpose of setting up and development of industrial parks relating mainly to auto ancillary units, design engineering units, etc.
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