business

Idea Cellular has informed FreePress, about relationship between B K Modi’s Spice group and Spice Communications Ltd. Idea Cellular would like to clarify that Idea had acquired B K Modi Group’s stake in Spice Communications Limited in Jul’ 08. Hence, Spice Communications Ltd has no relation with B K Modi led Spice group and is … Read more Idea Cellular clarification on Spice Stock Rise + B K Modi’s Satyam Bid

In a move to bring down costs substantially, Tata Tea is currently in the process of restructuring its operations in the US. The group offers various brands like Tetley, Goodearth and 8’o Clock Coffee in the US market. Tata Tea follows different marketing strategies in the various markets of the US, Britain, Canada and India. … Read more Tata Tea adopts strategy restructuring in the US market

Tiles manufacturing major – Orient Ceramics and Industries – is scouting for an overseas partner to form a joint venture for setting up a new tiles manufacturing plant in Andhra Pradesh with an estimated cost of Rs 250 crore. It is currently in talks with foreign players based in Italy and Spain for the joint venture … Read more Orient Ceramics scouting for overseas partners to form JV

TVS Motor Company witnessed a 12.91% rise in its motorcycle sales during January to 43,990 units as against 38,961 units in the January 2007. The company’s two-wheeler sales stood at 93,729 units in the month as against 93,385 units in the January 2007. Two-wheeler exports saw a growth of 6.81% to 14,000 units in January … Read more TVS Motor witnesses 12.91% rise in its motorcycle sales in Jan’09

GTL Infrastructure (GIL) is planning to triple its telecom towers from current 8,300 to 25,000 by March 2011 for an investment of $2 billion. The network services provider is planning to take the number of towers up to 11,000-12,000 by the end of this calendar year. The funding for the same is to be done … Read more GTL Infra to triple the number of telecom towers by 2011

Suzlon Energy, the wind energy major after recently suspending plans to raise Rs 1,800 crore by way of a rights issue, is now planning to raise money through an ADR issue and/or a preferential allotment. The company recently put in a request with foreign investment promotion board (FIPB) to raise funds through ADR preferential allotment … Read more Suzlon Energy to raise Rs 1,800 crore through ADRs