Business News

Last updated: Thursday, November 27, 2014 9:38:04 AM

Hong Kong company to generate power in Haryana
Chandigarh, July 23 (IANS) China Light and Power, a 107-year-old Hong Kong-based company, Wednesday tied up with the Haryana government - becoming the first independent power producer (IPP) in the state - to set up a coal-based power plant.

Wednesday, July 23, 2008 8:16:42 PM

Tender for 197 military helicopters to be floated Thursday
New Delhi, July 23 (IANS) India will invite bids for 197 utility helicopters for the army and the air force Thursday and the choppers are expected to be inducted by 2010, an official said. The deal has been valued at Rs.30 billion ($750 million).

Wednesday, July 23, 2008 7:52:01 PM

Equity infusion, soft loan likely for Air India
New Delhi, July 23 (IANS) The government may infuse equity and soft loans to support Air India's ambitious expansion plans, and believes this would bail the carrier out of its financial mess, a senior aviation ministry official said Wednesday.

Wednesday, July 23, 2008 7:47:25 PM

UnitedLex to raise $6 mn from venture funds for expansion
New Delhi, July 23 (IANS) The US-based legal outsourcing firm UnitedLex, which is planning a major expansion in India, announced Wednesday that it will raise $6 million from global venture capital majors Canaan Partners and Helion Venture Partners.

Wednesday, July 23, 2008 7:44:52 PM

Mahindra finance's profit up by 20 percent
Mumbai, July 23 (IANS) Mahindra & Mahindra Finance Services Ltd (MMFS) Wednesday announced a profit after tax of $6.69 million during the first quarter of 2008-09 compared to $5.36 million over the coresponding period last year, a growth of 20 percent.

Wednesday, July 23, 2008 7:42:05 PM

'N-deal will help India invest in uranium mining elsewhere'
Kalpakkam, July 23 (IANS) A day after Prime Minister Manmohan Singh's government won the parliamentary trust vote over the India-US nuclear deal, a top scientist said here Wednesday that the deal will enable India to invest in enrichment facilities and uranium mining in other countries.

Wednesday, July 23, 2008 7:26:54 PM

Gurgaon IT exports touch Rs.180 bn
Chandigarh, July 23 (IANS) IT and related services exports from north India's IT hub Gurgaon in Haryana touched the Rs.180 billion ($4.3 billion) mark in 2007-08.

Wednesday, July 23, 2008 7:18:30 PM

Blue Dart to hike rates once again
Kolkata, July 23 (IANS) Courier and integrated express package distribution company Blue Dart Express Ltd will hike rates of its air and ground services in August or September, a top company official said here Wednesday.

Wednesday, July 23, 2008 7:18:00 PM

Mastek net rises 47 percent to Rs.1.26 bn in 2007-08
Mumbai, July 23 (IANS) The city-based IT solution provider Mastek Ltd has announced a consolidated net profit of $31.5 million (Rs.1.26 billion) in the last fiscal, recording a growth of 46.7 percent from the previous year.

Wednesday, July 23, 2008 6:30:14 PM

Netmagic unveils its largest data centre in India
Mumbai, July 23 (IANS) Leading managed IT service provider Netmagic Solutions Ltd has unveiled its largest data centre in Mumbai to enable Indian and global enterprises deliver a host of applications and solutions to their customers from multiple locations.

Wednesday, July 23, 2008 6:26:35 PM

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