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Business

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  • India, Singapore for elevating ties to 'strategic level'

    17 November, 2017 3:05 AM 38

    India and Singapore discussed ways and actions to elevate bilateral relationship to a strategic level, an official release said. The issues regarding strengthening the bilateral ties were discussed during a meeting between visiting Indian Finance Minister Arun Jaitley and Prime Minister Lee Hsien Loong. Both the leaders recalled the shared history of the countries

  • Man Industries (India) director Kirit Navnitlal Damania resigns

    16 November, 2017 5:46 PM 37

    This is to inform that Mr. Kirit Navnitlal Damania Independent Director has resigned from the Board of Man Industries (India) Limited w.e.f. November 06, 2017. This is to inform that Mr. Kirit Navnitlal Damania (DIN:01435190), Independent Director has resigned from the Board of Man Industries (India) Limited w.e.f. 6th November, 2017 in view of the letter

  • RIL to co-brand with Wrangler owner

    16 November, 2017 4:53 PM 34

    To unveil new range of denim apparel Reliance Industries Limited (RIL) has entered into a partnership with VF Corporation, owner of the Wrangler brand, for co-branding a new range of denim apparels. VF will unveil Inficool denim range, made of R Elan Kooltex fabric, for Spring Summer 2018 in its Asian markets — China, Japan, India and Thailand. “The co-branding

  • Global bigwigs to meet over cyberspace

    16 November, 2017 4:51 PM 29

    Prime Minister Narendra Modi will next week, inaugurate the fifth edition of a Global Conference on Cyber Space, which will see participation from global policymakers and cybersecurity experts to deliberate on issues related to cyberspace. “Cyberdiplomacy is a big topic in this conference... Cybersecurity has come to occupy a centre stage in the international

  • Diamond producers target Indian market

    16 November, 2017 4:45 PM 31

    ‘Being the natural home of the precious stone, India has a vast growth potential’ The Diamond Producers Association (DPA), the international alliance of world’s seven leading diamond mining companies —ALROSA, De Beers, Dominion Diamond, Gem Diamonds, Lucara Diamond, Petra Diamonds and Rio Tinto — is eyeing the Indian market to boost diamond consumption

  • Anil Ambani-led Reliance group of cos' shares recover

    16 November, 2017 4:08 PM 37

    New Delhi: Shares of Anil Ambani-led Reliance group of companies, including Reliance Communications and newly listed mutual fund arm recovered on Thursday after seeing a sharp plunge on Wednesday. Shares of the companies were up in the range of 1 to 16 per cent on BSE due to heavy buying. On Wednesday, these stocks plunged by up to 12 per cent on the exchange

  • Ashok Leyland inks pact to acquire more stake in HLFL

    16 November, 2017 4:01 PM 32

    Commercial vehicle maker Ashok Leyland today said it has inked a pact with Everfin Holdings to buy an additional 5 percent stake in Hinduja Leyland Finance Limited (HLFL) for Rs 225.42 crore. The company has entered into a share purchase and shareholder agreement with Everfin Holdings, shareholder of HLFL, for the acquisition of 2,04,92,676 shares of Rs 10 each constituting

  • Jaiprakash Associates approves 'cashless exchange' of bonds

    16 November, 2017 4:01 PM 34

    The company's finance committee has approved cashless exchange of existing convertible bonds worth USD 150 million due in 2017 with those maturing in 2020-21 Debt-ridden Jaiprakash Associates' finance committee has approved cashless exchange of existing convertible bonds worth USD 150 million due in 2017 with those maturing in 2020-21. In a BSE filing

  • BOB board to consider Rs 6,000 crore fund raising plan next week

    16 November, 2017 3:58 PM 34

    State-owned Bank of Baroda today said the Finance Committee of the board will meet next week to consider approving its plan to raise Rs 6,000 crore via QIP or rights issue. The meeting of the designated board committee i.e. Finance Committee of the board will be held on November 21, 2017 to consider and approve of equity fund, the bank said in a regulatory

  • IFC, HDFC create $800 million fund to finance construction of affordable homes

    16 November, 2017 1:26 PM 27

    The International Finance Corporation, a part of the World Bank group, has joined hands with HDFC to create an USD 800 million fund to finance construction of affordable homes. IFC will invest USD 200 million while HDFC will contribute USD 600 million towards this fund and it will be managed by HDFC. Developers can borrow from this fund if they build