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The joint venture between the KK Modi Group and international tobacco giant Philip Morris, Godfrey Phillips India (GPI), will soon start selling the famous brand Marlboro that is owned by the latter. Marlboro is proposed to be launched this week. Presently, GPI is waiting to receive orders from the domestic dealers for the same. The … Read more Godfrey Phillips India to sell Marlboro Cigarettes in India
The rupee opened higher this morning on decent global cues as markets in Asia were in the positive terrain, while Wall Street settled mostly higher overnight. Traders hope that the sentiment might spur overseas investors to infuse additional funds into domestic equities. The domestic currency opened at 47.31 and traded range-bound at 47.30/32 per dollar … Read more Rupee trading higher on Wednesday
Bharti Airtel, the leading integrated telecom services provider in Asia has entered into a managed services deal with Comviva. The latter is a leading provider of integrated VAS solutions for mobile operators in emerging markets. Bharti Airtel becomes the first telecom services operator in the world to have a managed services agreement for its value … Read more Bharti Airtel inks managed services deal with Comviva
Public sector firms Steel Authority of India (SAIL) and Rashtriya Ispat Nigam (RINL) have announced that they have arrived at the current financial year’s long-term prices of coking coal. The coking coal prices have been fixed at $115-125 per tonne after discussing the same with global suppliers. These prices are almost 60% cheaper from the … Read more SAIL, RINL to get coking coal at 60% discount to last year’s prices
Pantaloon Retail India is planning to raise additional long term funds to the tune of Rs 1,000 crore by issuing securities to various investors by various means, including public or private offerings or qualified institutional placement (QIP). The board of directors of the company has approved the fund raising plan through issuance of equity based … Read more Pantaloon Retail to raise Rs 1,000 cr; mulls merger of subsidiary firm
In a move to serve its US clients on improved terms,leading technology service provider, Infosys Technologies is looking toopen software development and back office centre in Brazil in thecurrent year. The unit, which is likely to beoperational in next 3-4 months, will occupy around 100 skilledemployees in the beginning and will also source new business … Read more Infosys to open its centre in Brazil