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B.V.R. Mohan Reddy is New Nasscom Chairman
B.V.R. Mohan Reddy has become the new chairman of the National Association of Software and Services Companies (Nasscom), the apex body of India's software industry said on Wednesday. The executive council elected Reddy, founder and…
Rs.3 Lakh Crore Investment for Power Transmission: Goyal
The transmission and distribution sector can expect private sector investments of nearly Rs.300,000 crore over the next four years, Power Minister Piyush Goyal said on Wednesday.
"If we get transmission and sub-transmission right, I see…
OPGC gets New Managing Director and Director (Operation)
Mr. Indranil Dutta has taken over office as the Managing Director of Odisha Power Generation Corporation (OPGC) Ltd. on 1st April, 2015 replacing Mr. Sankaran Subramaniam who held the post for a little more than one year. Mr. Dutta before…
Sumit Mazumdar elected as President of CII for 2015-16
Mr. Sumit Mazumdar, Chairman & Managing Director, TIL Limited, has been elected as the President of CII for the year 2015-16. He succeeds Mr. Ajay Shriram as the new President. TIL is the manufacturer of India's largest range of…
Srei Equipment Finance Ltd to raise Rs 5,000 Million
Mumbai, April 8, 2015: Srei Equipment Finance Limited (“SEFL”), is proposing a public issue of secured, redeemable non-convertible debentures (“NCDs”) of face value of Rs 1,000 each amounting up to Rs 2,500 million (“Base Issue Size”), with…
Hero MotoCorp’s Splendor iSmart clocks Mileage of 102 KMPL
Two-wheeler major Hero MotoCorp Wednesday reported that its Splendor iSmart has clocked a record mileage of 102.50 kilometre per litre of petrol, thereby setting a new global benchmark in fuel efficiency.
According to the company, the…
RIL Gas find could add Rs.1.50-2.60 to Earnings Per Share
Reliance Industries' recent gas discovery MJ-1 in its eastern offshore KG-D6 block, as announced by consortium partner Niko Resources, could add Rs.1.50 to 2.60 to RIL's earnings per share (EPS), leading investment firm Morgan Stanley said…
BSE Sensex gains more than 190 Points; IT Stocks rise
A benchmark index of Indian equities markets, the 30-scrip BSE Sensex made healthy gains during Wednesday's trade session rising by more than 190 points during the day.
The wider 50-scrip Nifty of the National Stock Exchange (NSE) also…
SBI, ICICI Bank, HDFC bank cut Lending Rates up to 9.85%
Major Commercial banks, including the State Bank of India, HDFC and ICICI have announced cut in their lending rates after RBI Governor Raghuram Rajan expressed strong disappointment over non-transmission of policy rates.
India's biggest…
Indian Media Firm Videocon d2h rings NASDAQ Opening Bell
Videocon d2h rang the opening bell at the prestigious Nasdaq stock market in New York after becoming the first Indian private company since the year 2000 to list overseas, issuing ADR worth $325 million to the public.
Rajkumar Dhoot, a…