Dabur India, a maker of personal care and food products, plans to invest about $20 million to build plants in Africa as competition intensifies in its home market. Dabur’s international business, which contributes about a third of the company’s sales, grew 38 percent in the third-quarter to Dec. 31, excluding acquisitions. The growth was...
Mr Arup Roy Choudhury chairman of NTPC in an interview with Financial Chronicle said that NTPC is not looking at acquiring overseas coal mines, and instead, it will focus on exploiting captive mines allocated to it to meet fuel demand. Mr Choudhury said that “By 2017, I see one third of the coal coming from...
In a significant disclosure, the Union government on Tuesday told the Supreme Court that the Radia tapes broadcast by media organisations were tampered with and the government agencies were not responsible for its leakage. Placing a confidential report in a sealed envelope before a bench headed by Justice G.S. Singhvi, the government said there...
Software giant Infosys Ltd will train 100 engineering students from Jammu and Kashmir every year on advanced Information Technology enabled services. Announcing the initiative today, Union Home Minister P Chidambaram said the Approval Committee of Special Industry Initiatives (SII), Jammu and Kashmir had on January 11 approved the proposal of Infosys Ltd to train...
PUNE, India, Jan. 31, 2012 (GLOBE NEWSWIRE) – PRGX Global, Inc. (Nasdaq:PRGX), the world’s leading provider of recovery audit services and the pioneer in Profit DiscoveryTM, announced today in a press conference that based on the success of its first full year of execution from its PRGX India subsidiary, the company plans to continue its investments...
Coal India Ltd. will roll back an increase in prices that it effected earlier this month due to opposition from consumers such as power and cement companies, the state-run monopoly’s chairman said Tuesday. “A new notification will soon replace the Jan. 1 notification on pricing,” Nirmal Chandra Jha said. Mr. Jha said the new...
French automaker PSA Peugeot Citroen, fighting falling sales in its home market, is reviewing its India plans and has started efforts to shut down its office in Mumbai, citing a person close to the developoment. The French automaker, which had zeroed in on Sanand in Gujarat as the location for a Rs 4,500-crore project to...
Bharat Heavy Electricals Cluster: Apple Green Recommendation: Buy Price target: Rs400 Current market price: Rs274 Q3FY2012 results: First-cut analysis Result highlights Revenue in line, margin pressure and order inflow disappoint: Bharat Heavy Electricals Ltd (BHEL)?s Q3FY2012 revenues were in line with our expectations. However, a jump in freight expenses, provisioning and material costs led...
Starbucks Corp. (SBUX) and its venture partner Tata Global Beverages Ltd. (TGBL) will open their first store in India by August to tap rising consumption of the beverage in the world’s fastest growing major economy after China. The equal venture will open stores in Mumbai and New Delhi this year and have 50 outlets by the end of the first 12 months,...
I see a lot of queries about Bajaj KTM duke which was recently launched in India by Bajaj Group. Let us cover the specifications of this sports bike. Bajaj KTM Duke 125-cc The 125 Duke is really a dream bike for every Indian Bike aficionado with its real-world and practical motard-like physique and extremely...