31 Jul, 2010

Reliance, Universal near deal on India park: FT

Indian billionaire Anil Ambani's entertainment group is close to signing an agreement with Universal Studios to build a USD 1.5 billion filmthemed amusement park, the Financial Times reported on Saturday, citing people familiar with the talks.


Source: Moneycontrol.com

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31 Jul, 2010

Reliance's Infotel raises $500 million from RBS consortium: Report

The fund raising was completed by June-end, and the cheque has already been presented to Reliance Industries, said a banker, who was one of the three sources.


Source: DNA Money

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31 Jul, 2010

Maruti to launch 5 CNG cars in Aug

It will be the first company to come out with factory-fitted CNG cars.


Source: Rediff.com

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31 Jul, 2010

Qualcomm sells 26% stake to Tulip, Global Holdings

The United States-based mobile chip maker Qualcomm today sold 26 per cent stake in broadband unit in India to Tulip Telecom and Global Holdings for $57.72 million (about Rs 268 crore).


Source: Rediff.com

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31 Jul, 2010

Raju retracts confession; Khurshid not surprised

Corporate Affairs Minister Salman Khurshid on Friday said that he is not surprised that B Ramalinga Raju has retracted his infamous January, 2009, confession of perpetrating accounting fraud at Satyam.


Source: Rediff.com

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31 Jul, 2010

R-ADAG, Universal in talks for $1.5-bn theme park

The Reliance-Anil Dhirubhai Ambani Group (R-ADAG) is close to a deal with Universal Studios of the US to build a $1.5-billion, 400-acre theme park and resort. The company is scouting for locations


Source: Sify.com

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31 Jul, 2010

No SC stay for Kingfisher appeal on CCI powers

The Supreme Court today declined to stay a Mumbai high court order to Kingfisher Airlines to cooperate with an investigation by the Competition Commission of India on charges of forming a cartel


Source: Sify.com

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31 Jul, 2010

Adani starts third unit of Mundra power plant

Adani Power Ltd. (APL), a power business arm of Ahmedabad based Adani Group today successfully synchronised the third unit of 330 Mw at its Mundra with the grid. With this, Mundra has achieved


Source: Sify.com

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31 Jul, 2010

Q&A: Percy Siganporia, Deputy CEO, Tata Global Beverages

As the deputy chief executive officer of the Rs 5,783-crore Tata Global Beverages, Percy Siganporia has his hands full. Besides being a member of the executive office that


Source: Sify.com

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31 Jul, 2010

PFC plans JVs with other state power utilities

To offer financial and technical support services to projects.


Source: Sify.com

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