Free & Fearless Press – Right of every Indian
Hyderabad-based Soma Enterprise has secured an order worth Rs 199 crore from the Chennai Metro Rail Project. Besides Soma, various other infrastructure companies like Gammon India, Simplex, L&T and a joint venture of Nagarjuna Construction and CCCL were also included in the race for this project. As per the deal, Soma Enterprise is required to … Read more Soma Enterprise bags Rs 199 cr order from Chennai Metro Rail project
HDFC Mutual Fund has introduced HDFC FLEXINDEX Plan under its debt / liquid schemes. The introduced plan will provide a facility to unit holders under the debt / liquid schemes of the HDFC Mutual Fund (Source Schemes) to automatically transfer a portion of their investment into equity schemes of HDFC Mutual Fund (Target Schemes) on … Read more HDFC announces introduction of HDFC FLEXINDEX Plan
Crisis-ridden IT major Satyam Computer Services’ management has drawn up several austerity measures and has urged its staff to strictly follow it. The initiatives are part of the company’s cost cutting measures in view of the global slowdown. As per the initiatives, company has also put a freeze on expenses relating to internal issues including … Read more Satyam cost cutting – staff to follow austerity measures
The joint venture life insurance company promoted by Bank of India, Union Bank and Dai-Ichi Mutual Life Insurance – Star Union Dai-Ichi Life Insurance Company – will soon launch two unit linked plans, pension and child benefit plans. The insurer is presently awaiting the approval from Insurance Regulatory and Development Authority (IRDA) for launching these … Read more Star Union Dai-Ichi Life Insurance to launch two ULIPs
REpower Systems AG, a unit of Suzlon Energy, has bagged an order worth nearly 2 billion euro from RWE Innogy GmbH for supplying 250 offshore wind turbines. The two companies signed a framework agreement on the supply of 250 offshore wind energy units of which the first 30 offshore wind energy units of 5M model … Read more REpower bags 2 billion euro Order from RWE Innogy
In a move to help the cash stripped developers optimize their foreign capital inflows, the commerce ministry under Kamal Nath is contemplating easing foreign direct investment (FDI) norms for the sector. The new proposal will allow the real estate companies which brought FDI into projects that qualified for the purpose earlier, to divert such funds, … Read more Government may ease FDI norms for realty developers