Corporate News
Bharti launches digital media service
Bharti launched its digital media service on March 11 but, it hasn”t set out any targets in terms of numbers yet.
However, the move is a clear indication of the times where operators will have to look towards non-voice services for increased revenues.
Bharti Airtel now looks at avenues other than voice services [...]
Hero Honda plans to set up fourth unit
Hero Honda plans to set up its fourth plant for which a feasibility study is being conducted in 10 States.
There are at least 10 States we are looking at for setting up the plant.
Meanwhile, the feasibility study will come up with capacity, investment, models and the location.
Hero Honda Managing Director Pawan [...]
Dunlop workers to get wage rise
Dunlop India Chairman Pawan Ruia stated that by December, he would clear the payment arrears of the 436 employees who had taken early retirement at the Sahagunj unit.
He said this after a meeting with the State Labour Minister, Anadi Sahu, at the Secretariat.
Meanwhile, the arrears amounting to around Rs. 12 [...]
GM to launch electric car soon
GM India vice-president P. Balendran stated that General Motors India will launch its electric car by October 2010.
It will be the battery-operated version of Spark which is the company’’s mini car presently available in the market.
Meanwhile, the company will launch its CNG vehicle in two months, after the launch of [...]
LVB launches Visa debit card
Lakshmi Vilas Bank has tied up with Visa to launch ”Lakshmi Vilas Bank International Visa Debit Card”.
This would provide two lakh customers an opportunity to shop, dine, pay bills, book tickets in addition to helping them withdraw cash both in India and abroad.
Earlier, the rights issue of Lakshmi Vilas Bank, which [...]
India Cements – Issue of Equity shares to QIBs
With reference to the Issue of equity shares to QIBs the Company has informed the following:
Our Company, in consultation with the our Joint Global Coordinators, viz. Deutsche Equities India Private Ltd and RBS Equities (India) Ltd, has finalised the issue of 2,45,94,000 equity shares of Rs.10/- each at a price of [...]
