business

Hindustan Zinc, a Vedanta group company, has raised silver prices by Rs 640 to Rs 20,750 a kilo gram, effective February 10, 2009. The prices, however, are exclusive of sales tax/VAT and other statutory levies as applicable. The company is planning to open a silver refinery plant at the Pantnagar industrial estate in Uttarakhand with … Read more Indian Silver Prices up by Rs 640

The government is likely to slap a combined fine of Rs 477.15 crore on Indian telecom companies, including existing operators as well as new licensees, for defaulting in rollout obligations. As per the current norms, any player who gets the government’s nod to launch mobile services must ensure availability of services in at least 10% … Read more Govt to slap Rs 477 cr fine to Mobile Operators

The motion picture brand of Reliance Big Entertainment – Big Pictures – has acquired the worldwide marketing and distribution rights of Filmcraft’s movie Kites. The film will be marketed and distributed worldwide by Reliance Big Entertainment, leveraging the strength of all its group companies engaged in media and entertainment space to synergize benefits emanating through … Read more Reliance Entertainment – Big Pictures gets rights for Kites Movie

Tata group companies too have entered the list of companies pledging promoters shares. Tata Steel, Tata Power and Tata Teleservices Maharashtra (TTML) announced that their promoter, Tata Sons, has pledged shares to raise funds that at current rates would be about Rs 6,500 crore. In its filing with the National Stock Exchange, Tata Steel, disclosed … Read more Tata Sons Pledge Group Company Shares – Intent Unknown.

Delhi International Airport  (DIAL), a Subsidiary of GMR Infrastructure has received the approval from the ministry of civil aviation to charge Airport Development Fee (ADF) from departing passengers at the IGI Airport. The company has further stated that this fee would provide a boost to the airport modernisation project at this critical juncture, to the … Read more GMR’s Delhi International Airport gets nod to levy ADF charges