Posts Tagged ‘India’

No takers for PTC Financial on debut, stock nosedives

Shares of PTC India Financial Services listed Wednesday with a 4.5% discount on the National Stock Exchange and slipped further 16% to Rs 23.50, which some analysts said was because of high valuations.

Cost of borrowing will come down: PTC India

in an interview on CNBCTV18, PTC India’s chairman and managing director Tantra Narayan Thakur said that the listing has not been great but it should improve.

Quality check by NHAI will add value to asset: MM Fin Serv

The National Highway Authority of India (NHAI) is believed to be going strict about preventing of over loading of trucks on national highways. Ramesh Iyer managing director of Mahindra Mahindra Financial Services says that the move will be good inroder to increase the life of assist.

HCL Infosystems unveils new range of ME Tablets

HCL Infosystems, India`s premier hardware, services and ICT systems integration and distribution company, today unveiled its new range of ME Tablets. With over 30 years of leadership in research and development and an in-depth understanding of the Indian market, the company today introduced the country`s first Tablet with localized content and world`s first Tablet with one touch button for customer service

Jet, Kingfisher to operate extra flights to Chandigarh

Private airlines will operate two additional flights from Delhi and Mumbai to Chandigarh to cater to high demands of air tickets by the cricket fans keen on watching World cup semifinal between India and Pakistan at Mohali.

ICICI Pru Life to focus on NRI sapce with annuity solution

ICICI Prudential Life Insurance today said that it would target the NonResident Indian (NRI) segment by offering annuity solutionICICI Pru Immediate Annuitywhich addresses the needs of NRIs by ensuring a regular flow of income to ageing parent(s) in India, a press release issued here stated.

SBI opens affordable housing loan cell

India’s premier bank, State Bank of India, today inaugurated its first ”affordable housing loan” cell in Mumbai, which will provide a platform for its customers to interact with the bank.

DB Realty jumps 16.79%

Shares of DB Realty are trading at Rs 97.40, up Rs 14, or 16.79% at the Bombay Stock Exchange (BSE) on Tuesday at 1:02 p.m. Sundaram V Rajagopal, has resigned from the company`s board with effect from March 21

Axis Bank to set up six more branches in Mumbai

Axis Bank , India`s third largest private sector bank, today announced plans to launch six additional branches in Mumbai taking the total number of branches in Maharashtra state to 181 by Mar. 31, 2011.

India to become 2nd largest producer of steel by 2015: PwC

For India to attain its double digit GDP growth, major policy changes are expected relating to metals and mining industry (keeping in mind Environmental issues) to boost the domestic metal production and utilisation of natural resources to support the projected infrastructure spend of Rs 500 billion in next five years.

Essar Energy to buy Stanlow refinery for USD 350 mn

Essar Energy plc, the India-focused integrated energy company, today announced that, through its indirect wholly owned subsidiary, it has now entered into an asset purchase agreement with Shell UK (Shell) to acquire the oil refinery and other associated assets at Stanlow, near Ellesmere Port, Cheshire (Stanlow Refinery) from Shell for a consideration of USD 350 million (GBP 219 million) in cash. Acquisition of the Stanlow Refinery, which is the second largest refinery in the UK, will give Essar Energy direct access to the UK market.

PTC India Financial to list shares on March 30

PTC India Financial Services, Indian nonbanking financial institution promoted by PTC India, has fixed Wednesday, March 30 as listing date for its equity shares.

Ramco Systems plans Rs 40cr rights issue

Ramco Systems has entered into the growing Bangladesh market and also has a rights issue on the cards. In an interview with CNBCTV18, R Shankar, Executive VP, India Middle East and Africa, Ramco Systems says, the ratio is yet to be worked out.

30m people to suffer from diabetes in 20 yrs: Novo Nordisk

In the first of the two part series on improving the control of diabetes pandemic in India, an eminent panel of doctors and a senior manager of Novo Nordisk spoke on CNBCTV18 and helped explain and understand the contours and dynamics of the diabetes problem.