Anil Ambani-led Reliance Infrastructure Ltd has emerged as the lowest bidder for developing the national highway project in Tamil Nadu, sources said on Thursday.
According to people in the know, Reliance Infrastructure was the lowest bidder for the National Highway NH-45C for four-laning of about 66-km stretch between Vikkravandi to Pinalur-Sethiyahopu section in Tamil Nadu.
By Elias Glenn
BOAO, China - India's top software services exporter Tata Consultancy Services will step up local hiring in the United States and has no plans to cut investments there as it continues to expect robust growth from its biggest overseas market.
"In the last four or five years, we have been recruiting heavily in the U.S.," Girish Ram
MUMBAI - Yes Bank Ltd, India's fifth-biggest private sector lender by assets, has launched a share sale to institutions to raise as much as $750 million, according to a deal term sheet seen by Reuters.
The base size of the sale of new shares is $650 million and the bank has an option to increase it to $750 million, the term sheet showed.
The shares are b
By Aditi Shah
NEW DELHI - Global ride-hailing firm Uber Technologies is rethinking its car leasing strategy in India, its second-biggest market, as drivers have returned dozens of leased cars early after the company cut incentives, people familiar with the matter told Reuters.
Uber had planned to buy 15,000 new cars last year and lease them out in a bid to a
HONG KONG/MUMBAI - Indian online retailer Snapdeal is seeking investment to shore up its finances after unsuccessful talks with Chinese funds and Alibaba Group Holding Ltd as it battles to remain competitive, sources with direct knowledge of the matter said.
Faced with the prospect of falling cash reserves and little interest from existing investors such as Japan'
Bharti Airtel on Thursday announced an agreement with Tikona Digital Networks to acquire the latter's 4G business, including the Broadband Wireless Access (BWA) spectrum and 350 sites, in five telecom circles for around Rs 1,600 crore.
However, the acquisition is subject to requisite regulatory approvals.
"Tikona currently has 20 MHz spectrum in the 2,300 MHz band i
Stock market major BSE on Thursday reported that with HDFC and IREDA raising Rs 1,498 crore and Rs 200 crore worth of debt capital on Wednesday, it has raised a total of Rs 200,111 crore via its bond issuance platform.
"BSE's platform for bond issuances crossed the Rs 2 lakh crore-mark of fund, raising through debt securities by corporates in India," the stock exchange m
Delta Corp plans to raise up to Rs 750 crore through issue of equity shares or other securities via qualified institutional placement (QIP). The Board of Directors approved raising funds by issuing equity shares or other permissible securities through QIPs for an aggregate amount not exceeding Rs 750 crore, Delta Corp said in a BSE filing.
The company, which is into real estate, hospi
Indiabulls Housing Finance said that it has raised Rs 160 crore by issuing non-convertible debentures (NCDs) on private placement basis. This is the 8th tranche of companys Rs 6,000 crore fund raising plan, which was announced last November. The current issue is a Rs 150 crore plus green shoe option of Rs 10 crore, the company said in a regulatory filing.
Yesterday, it had raised Rs 6
State-run oil marketing company Indian Oil Corporation on Thursday said that its board has approved second interim dividend of Rs 4.50 per share (i.e.@ 45% on the paid up equity share capital) for the financial year 2016-17. “The board of Indian Oil has declared 2nd interim dividend of Rs 4.50 per share (i.e.@ 45 % on the paid up equity share capital) for the financial year 2016-17,&rdquo
Indian equity markets were on Thursday lifted by short covering, coupled with a marginally strong rupee and healthy buying in automobile, oil and gas, and capital goods stocks.
The key indices provisionally closed with gains of more than half a per cent each and broke the streak of three consecutive sessions of losses.
The wider 51-scrip Nifty of the National Stock
BHEL said it has commissioned a 250 MW unit at the upcoming Bongaigaon thermal power station in Assam, reported PTI. "BHEL is executing the main plant package contract for setting up three coal-fired units of 250 MW each at Bongaigaon TPS of NTPC. Significantly, this is the highest rating coal-based power plant in the North-East region," BHEL said in a statement.
The first u
Oil and gas major Cairn India on Thursday said that the National Company Law Tribunal, Mumbai Bench on Thursday approved the scheme of arrangement with Vedanta, and their respective shareholders and creditors.
“The National Company Law Tribunal, Mumbai Bench, has today approved the scheme of arrangement between Vedanta Limited and Cairn India Limited, and their respective shareh