Munjals to buy Honda stake in JV The Times Of India NEW DELHI: A series of offmarket transactions will see Japanese auto major Honda exit its 25-year-old joint venture with the Munjals in Hero Honda with the entire deal likely to be wrapped up in the next six months. The deal, which will be executed in two phases, will see the Munjal family - led by ...
Let panel choose my successor, says Ratan Tata The Hindu | Shonali Muthalaly | Ratan Tata | CAPE TOWN: "I'm looking forward to the freedom to do the things I've always wanted to do. I don't want to leave the company in a wheelchair, or in a box," said Ratan Tata, Chairman of the $71-billion Tata Group. | At an impromptu press conference in the business lo...
Bombay Sapphire to hit Biscayne Boulevard's Omni area The Miami Herald | The next piece in the revival of Biscayne Boulevard's Omni area could be Bombay Sapphire. | We're not talking about ice blue bottles of the super premium gin lining the street, but this week's soft-opening of a new Bombay Sapphire Lounge at the Adr...
Mumbai meltdown Indian Express | When the High Powered Expert Committee (HPEC) on making Mumbai an international financial centre came up with its report in February 2007, it was more concerned about how and whether the "large urban governance challenges" in Mumbai would be met an...
Birlas to change Central Mumbai’s landscape The Times Of India MUMBAI: Two generations of the Birlas are set to change Mumbai’s urban landscape in a move which could add to the already burgeoning stock of residential and commercial properties in central Mumbai. The BK Birla Group firm Century Textiles has hire...
George Soros Buys Stake In Bombay Stock Exchange Huffington Post | THE DEAL: Billionaire George Soros' Quantum hedge fund has purchased Dubai Financial Group's 4 percent stake in the Bombay Stock Exchange. The deal values Asia's oldest exchange at over $800 million. | THE BACKDROP: Soros' investment comes as India...
Mumbai builders reap benefits of slum rehabilitation The Times Of India MUMBAI: Builders such as the Lokhandwala group, Ackruti, HDIL and Everest, that are said to have earned around Rs 4,000 crore from the sale of over 400 properties under the slum rehabilitation scheme (SRS) of Mumbai can now claim tax benefits on thei...
Soros buys 4% of Bombay bourse The Independent | The billionaire investor George Soros, famed for profiting from the collapse of sterling on Black Wednesday in 1992, has bought into the Bombay Stock Exchange (BSE). | Mr Soros, acting via his Quantum hedge fund, bought 4 per cent of the Indian bou...
Maruti, Tata Motors & Skoda set to drive into MUV Segment The Times Of India NEW DELHI: The country’s largest carmaker Maruti Suzuki India, largest automaker Tata Motors and Volkswagen’s Skoda Auto India plan to enter the crossover market, the fastest g...
Sebi floats new rules to curb price volatility Deccan Herald Mumbai, Sept 3, Press Trust of India: Friday, September 03, 2010 --> | Market regulator Sebi, on Friday, said that trading of shares of companies going for a merger, demerger or a change in capital structure will have to be done in a price range for ...
Cite reasons for cheque returns, banks told Deccan Herald Mumbai, Sept 3, PTI: Friday, September 03, 2010 --> | Keeping in view the larger interests of customers, the Reserve Bank of India (RBI), on Friday, asked banks to inform account holders on the reasons for a cheque being returned or dishonoured. | ...
Satyam soars 11 pc on BSE Deccan Herald Mumbai, Sep 3 (PTI): Friday, September 03, 2010 --> | Shares of Mahindra Satyam surged by nearly 11 per cent on the BSE today, a day after the company said it has developed a software solution for insurance firms to adopt new federal rules in the US....
LIC to build mall-cum-office complex at Mohali, invest Rs 1000 crore The Times Of India CHANDIGARH: Insurance major Life Insurance Corporation of India (LIC) today said that will invest a sum of Rs 1,000 crore to develop a mall-cum-office complex at Mohali. | "The expected investment in developing a mall-cum-office complex in Mohali wil...
Amisha Patel's family in debt row with bank The Times Of India MUMBAI: Bollywood actress Amisha Patel and her family, including father Jai, mother Asha and brother Ashmit Patel, are facing a lawsuit for allegedly failing to pay Rs 18 crore to Canara Bank. | Their woes might have been worsened recently when the debt recovery tribunal (DRT) refused to continue stay of recovery proceedings initiated by the bank a...
