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Do what you are good at and not to diversify in unrelated areas 🙂 The Telecom Czar Sunil Bharti Mittal is now tasting Failure in Mutual Fund Business. Bharti Enterprises is planning to end its mutual fund joint venture business in India with France-based AXA. In the mutual fund JV Bharti holds 25% stake through … Read more Sunil Bharti Mittal Tastes Failure – To exit Mutual Fund JV business with AXA
Mumbai-based pharmaceutical major Wockhardt has become the latest victim of piling debt. The company has been referred to the corporate debt restructuring (CDR) mechanism, a system to deal with cases where multiple lenders are involved. In its filing with the Bombay Stock Exchange on Tuesday, the pharma major said that Habil Khorakiwala, currently chairman and … Read more Wockhardt’s CMD Habil Khorakiwala Quits as Company’s Debt Piles Higher
Hindustan Construction Company Ltd (HCC) has informed BSE that the Company has bagged the prestigious order for Package MC3 of 1200 MW Punatsangchhu-I Hydro Electric Project in Bhutan from Punatsangchhu-I Hydro Electric Project Authority. The Punatsangchhu-I Hydro Electric Project is located on river Punatsangchhu in Wangdue Phodrang Dzongkhag in Western Bhutan. The said project involves … Read more HCC bags Rs 688.06 cr order at Punatsangchhu-l Hydra Electric Project
Punjab National Bank (PNB) has decided to realign the interest rates on retail term deposits by reducing interest rates by 50 basis points (bps) to 100 bps in the time slabs from ‘91 to 179 days’ to ‘2 years to less than 3 years’. The bank has further stated that no change in the interest … Read more PNB realigns Interest rates on term – fixed deposits
Matrix Laboratories has got the first tentative nod from the US Food and Drug Administration (USFDA) under the President’s Emergency Plan for AIDS Relief (PEPFAR) for its Abbreviated New Drug Application (ANDA) for Emtricitabine and Tenofovir Disoproxil Fumarate Tablets, 200 mg/300 mg. The tablets are the generic version of Gilead Sciences Inc.’s Truvada Tablets. The … Read more Matrix Laboratories gets first tentative FDA nod for Generic Truvada
Covering over 25 channels including channels on news, kids, entertainment & lifestyle, Tata Indicom further enriches the mobile subscriber’s experience with this latest value addition. The service aims at offering superior picture and sound quality to all its subscribers. The charges for the service are Rs. 15/- for 5 minutes. To install the service, the … Read more Tata Indicom offers TV streaming on Mobile Handsets