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48 private companies likely to sell shares worth $1.8-bn by June 48 private companies likely to sell shares worth $1.8-bn by June As per new norms for listed firms that was implemented in June 2010, all private sector firms have been asked to attain a minimum public holding of 25 percent by June 2013.
LIC India sells 2.53% stake in Maruti Suzuki LIC India sells 2.53% stake in Maruti Suzuki LIC sold 62,23,598 equity shares, representing 2.53 percent, of MSI between November 21, 2012, and May 17 this year.
Qatar National Bank Group gets nod for India subsidiary Qatar National Bank Group gets nod for India subsidiary QNB Group was established in 1964 as the country’s first Qatari-owned commercial bank.
iGate sacks CEO Phaneesh Murthy after sexual harassment charge iGate sacks CEO Phaneesh Murthy after sexual harassment charge Gerhard Watzinger has been appointed as the interim chief executive with immediate effect.
Essar Energy Mauritius arm to buy 2.4% stake in Essar Oil Essar Energy Mauritius arm to buy 2.4% stake in Essar Oil London-listed Essar Energy plc Monday said its Mauritius-based unit will buy 2.41 percent stake in Essar Oil for over Rs 267 crore.
Nestle to invest Rs 250 cr on expansion of Punjab milk plant Nestle to invest Rs 250 cr on expansion of Punjab milk plant Dairy major Nestle India Monday said it will invest Rs 250 crore on expansion and modernisation of its existing milk plant at Moga in Punjab.
Coal India Q4 net profit up 90% on dividend income Coal India Q4 net profit up 90% on dividend income Riding on dividend income paid by its subsidiaries, Coal India Ltd (CIL) Monday reported nearly 90 percent jump in standalone net profit at Rs 2,320.61 crore for the fourth quarter ended March 31.
IOC achieves technological breakthrough IOC achieves technological breakthrough Indian Oil Corp (IOC) Monday said it has developed technology that will help advance the use of non-edible oil extracted from plants like Jatropha (bio-diesel) in auto fuels.
Birla Corp Q4 net rises 26% to Rs 72.62 cr Birla Corp Q4 net rises 26% to Rs 72.62 cr Birla Corporation Ltd Monday reported over 26 percent increase in net profit at Rs 72.62 crore for the fourth quarter ended March 31, 2013.
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