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  • Hindustan Zinc declares second interim dividend of ₹6 per share

    16 March, 2018 6:52 AM 33

    Hindustan Zinc Ltd., a unit of Vedanta Ltd., on Friday declared a second interim dividend of ₹6 per share. This would lead to an outflow of ₹3,051 crore, including dividend distribution tax. Hindustan Zinc had earlier declared a first interim dividend of ₹2 per share. Its total dividend for the financial year is ₹8 per share. This will result in an outgo

  • General Atlantic eyes acquisition of Ching’s Secret maker Capital Foods

    16 March, 2018 6:25 AM 38

    The private equity company is likely to buy an 80 percent stake in Capital Foods. New York-based private equity firm General Atlantic is in advanced talks to buy a controlling stake in Capital Foods Pvt. Ltd, according to a Mint report. Capital Food owns instant noodles brand Ching's Secret. It also owns Smith and Jones brands of pasta masala, cooking

  • Centre tells Supreme Court it will not damage Ram Sethu for shipping channel project

    16 March, 2018 6:23 AM 36

    The Centre today informed the Supreme Court that in the "interest of the nation", it will not damage the mythological Ram Sethu for its Sethusamudram Ship Channel project. The Union Ministry of Shipping, in its affidavit, told a bench headed by Chief Justice Dipak Misra that the PIL filed by BJP leader Subramanian Swamy against the Sethusamudram project

  • L&T arm lands ₹ 2,864 cr. deal for Eastern Dedicated Freight Corridor

    16 March, 2018 6:21 AM 34

    An arm of Larsen and Toubro Ltd. has landed a contract worth ₹ 2,864 crore from Dedicated Freight Corridor Corporation of India Ltd. (DFCCIL) L&T Construction’s Transportation Infrastructure Business has been awarded the contract for Eastern Dedicated Freight Corridor. The EPC (engineering, procurement and construction) order involves construction of 222 route

  • Hyundai draws up ₹6,500 crore three-year investment plan

    16 March, 2018 4:44 AM 31

    Hyundai Motor India Ltd., (HMIL), the second largest car manufacturer in the country, will deploy ₹6,500 crore over three years for development of nine new models. Besides, it will also ramp up its production by 50,000 units next year, said a top official. "We are coming out with nine new models from 2018-2020, for which an investment of ₹6,500 crore

  • Tata group Chief Ethics Officer Mukund Rajan quits

    15 March, 2018 9:07 PM 38

    New Delhi: Tata Sons on Thursday said its Chief Ethics Officer Mukund Rajan will leave the group to evaluate entrepreneurial pursuits in the coming months. "Dr Rajan and Tata Sons have mutually agreed that Dr Rajan will leave the services of Tata Sons on March 31, 2018," the company said in a statement. On the reasons for his departure, the company said Rajan

  • Mukund Rajan quits Tata Sons, heads for TPG venture

    15 March, 2018 5:23 PM 46

    PE firm had bid for Tata Teleservice’s enterprise business Mukund Rajan, chief ethics officer of Tata Sons, has resigned from the company. He will be relieved from service on March 31, 2018. In his new assignment, Dr. Rajan will be non-executive chairman of a management consortium backed by TPG Capital, which has placed a bid for Tata Teleservices Ltd.’s enterprise

  • HP eyes gaming segment, finds place among top PC brands

    15 March, 2018 5:03 PM 33

    Technology major unveils Omen X portfolio of computers Technology giant HP said it has been able to cement a place among the top gaming PC brands in India within a year of its unveiling and is expanding its portfolio to cater to a wider range of players, including amateurs. “Since we launched last year, we have been doing really well, business wise. We are already

  • Urban Reality: Does Land Acquisition Act 2015 ensure an end to land scams?

    15 March, 2018 4:51 PM 26

    Yet another scam made it to the headlines this week - the Manesar land scam --- which the Supreme Court termed as a unholy nexus between government machinery and private builders and asking CBI to investigate the Rs 1500 crore fraud committed allegedly by the Bhupinder Singh Hooda government. The Supreme Court has also cancelled the 688 acres of land, which

  • Fashion retailer H&M to launch online store in India

    15 March, 2018 4:24 PM 46

    Sohila Bajaj caught up with country manager of H&M Janne Einola, who said the company hopes to make a niche for itself in an already crowded online marketplace in India. Swedish fashion retailer H&M has announced the launch of its online store in India making India its 45th online foray in the world. It will feature H&M's entire collection with certain