Tata JLR will build £1 bn factory in Slovakia

Dec 11 2015

Tata Motors-owned Jaguar Land Rover will set up a one-billion pound premium manufacturing plant in Slovakia to make all-new aluminium vehicles.

Cabinet likely to clear new power tariff policy next week

Dec 11 2015

New policy will aim at boosting regulatory mechanism for discoms and encouraging higher investments in the sector with focus on renewable energy.

CBI questions Vijay Mallya in loan default case

Dec 10 2015

CBI examined UB Group Chairman Vijay Mallya in connection with its probe into alleged loan default of Rs 900 crore taken from IDBI bank.

Maruti to hike prices across s by up to Rs20,000 from Jan

Dec 10 2015

Maruti Suzuki India will hike prices of its vehicles across models by up to Rs 20,000 from January to offset impact of rising costs.

Exclusive - Oil India divestment deferred to FY17

Dec 10 2015

Oil India Ltd would like to disinvest stake when crude reaches around $60 per barrel.

Indian Markets


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Stocks In News



Acquires Cynosure Inc and Cynosure Interface Solutions for $31mn and Rs13cr respectively

To add platform capabilities in the insurance segment which contributes 15% of total business

The Acquisition is expected to close within the next 3 months


Sells Essar Steel loan to Deutsche Bank

Has sold its $385 mn Foreign currency loan extended to Essar Steel

Bank has taken a 38% haircut

Rs 1600 cr is expected earnings to the bank from the deal

Economic Times Reports


To Sell 50% stake in prime Mumbai office assets to Blackstone for $1.3bn

The co is also in discussions to sell its residential and commercial projects in Chennai

To convene shareholder’s meet on 23rd March in regard to the proposed divestment

Mint Reports


Gets Order Worth Rs 230 Cr From NTPC

To perform the pressure part metallurgy upgradation for 3 660MW super critical steam generators

Will help NTPC commission the 3x 660MW plant started 12years


Declared L1 bidder for EPC Project in UP worth Rs 677cr from NHAI

The completion period for the project is 30 months

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