Month: June 2009

India’s largest passenger car manufacturer — Maruti Suzuki India (MSI) – is planning to drive its A-Star model into the African and Latin American market, company officials stated. The company is looking at tapping new markets for exports, as the demand is shifting towards compact cars globally. This export plan is slated to help Maruti … Read more Maruti Suzuki India to export A-Star model to Africa, Latin America

The government is soon likely to ban import of ‘Made in China’ mobile phones without International Mobile Equipment Identity (IMEI) number. IMEI numbered mobile phones helps keeping a track of people using it. Mobiles without IMEI number are a grave security concern. The government has so far not taken serious action in the matter as … Read more Govt soon to ban Chinese mobiles without IMEI numbers

Tata AIG, an insurance venture of the Tata Group, has rejected Satyam’s claims towards legal costs. Once the fourth largest IT exporter, Satyam had taken the Directors & Officers Liability policy (D&O Policy) to protect its executives against legal costs in defending suits brought against them for wrongful acts and any awards, including out of … Read more Tata AIG rejects Satyam’s insurance claims

National Stock Exchange (NSE), the biggest stock exchange of the country, has slashed the lot sizes for derivative (futures and options) contracts of 143 stocks in order to induce more retail participation in the segment. NSE has come out with the new lot sizes in the wake of huge spurt in the prices of many … Read more NSE reduces lot sizes for more retail participation

India’s leading real estate and infrastructure developer, Parsvnath Developers (PDL), has entered into an agreement with Red Fort Capital – a leading international real estate private equity fund. As per the agreement, Red Fort Capital will invest in the premium luxury residential project – Parsvnath La Tropicana in Khyberpass, Civil Lines, Delhi. The company’s subsidiary … Read more Parsvnath Developers inks agreement with Red Fort Capital

Jaiprakash Associates may go in for raising Rs 2,500-3,000 crore through sale of the treasury shares, which it will receive for merging four of its subsidiaries with itself, as indicated by an investment banker following the deal. The cement and construction biggie is going to receive treasury shares to the tune of 14.5% of the … Read more Jaiprakash Associates may raise Rs 2.5-3k cr through sale of treasury shares