Business Fwire News - Page 6
Ministerial panel relaxes age limit for top position in public firms
The GoM also considered other suggestions such as providing greater autonomy to CPSE boards for selection of joint venture partners and acquisition of companies.
IDFC becomes first Indian institution to adopt Equator principles
The Equator Principles are adopted voluntarily by financial institutions and are applied where total project capital costs exceed US$10 million.
Mahindra Satyam bags multi-year contract from Bridgestone Europe
As a part of the deal, Mahindra Satyam will support Bridgestone in sales, planning procurement and finance<br /><br /> functions.
L&T wins Aramco gas project of $300 million in Saudi Arabia
L&T, whose interests span shipbuilding to railways, has forecast growth in net sales of as much as 17 percent in the fiscal year which started in April. It also sees new orders growing by about a fifth.
Consumer forum orders Air India to pay Rs 80K as compensation
The couple alleged that the airline did not make any arrangements for their stay at the airport, despite their requests.
Maruti to offer free AC check, other services under 'Beat The Heat' camps
The company expects to attend to 85,000 customers across the country during the two-day initiative.
Ssangyong receives Rs 400 crore from Mahindra
On February 14, 2013, SMC had decided to make a third party allotment (Preferential Offer) to Mahindra to secure investment funds for new products.
Sterlite case hearing to resume tomorrow
A court will continue hearing into complaints of emissions from the country's largest copper smelter, shut since March 30, on a daily basis from Thursday, a judge said.
Bajaj Fin Q4 net jumps 52% to Rs 164 crore
Non-banking finance company (NBFC) Bajaj Finance today reported a 52 per cent rise in net profit to Rs 164 crore for the March quarter boosted by sound growth in disbursements and core income growth.
General Motors optimistic of sales picking up with new launches
General Motors today said it is optimistic of its sales picking up with new launches, including the Chevrolet Enjoy, the new generation premium Multi Purpose Vehicle.
GVK Power & Infrastructure Q4 loss widens to Rs 171 crore
GVK Power and Infrastructure today said its consolidated net loss widened many folds to Rs 171.01 crore in the fourth quarter ended March, 2013, largely due to increased expenses and losses incurred in the power business.
Survey shows hiring activity in India rises in April
Indicating better labour market conditions, recruitment activities improved in April on the back of increased hiring in sectors such as BPO/ ITeS,culled engineering, education and healthcare, says Monster.com.
Muthoot Finance Q4 net falls 6%; shares drop over 5%
Gold financing company Muthoot Finance today posted 6 per cent fall in net profit to Rs 220 crore for the quarter ended March 31, 2013, compared to Rs 235 crore in the same period last year.
Dr Reddys Q4 net up 67% at Rs 571 crore
Drug firm Dr Reddy's Laboratories today reported a 66.58 percent rise in its net profit to Rs 570.89 crore for the quarter ended March 31, 2013 mainly on account of robust sales across all segments.