The government on Monday priced state-run Coal India’s IPO at Rs 245. The government will raise close to $3.5 billion from the sale of 10 percent stake in the world’s largest coal miner. The offer had a price range of Rs 225 to Rs 245 a share. The IPO was more than 15 times subscribed […]
Business and Finance
CIL Share priced at Rs. 245
October 26th, 2010 | by Amit Sahrawat | published in Business and Finance
All about India’s Budget
July 4th, 2009 | by Amit Sahrawat | published in Business and Finance, General Awareness
The Budget Speech of the Finance Minister It is fine tuned to the last minute. Some of the budget documents are almost ready and goes for printing to a press located in North Block itself. Security agencies cordon off the press and entry is almost prohibited. In India, the Budget is presented in Parliament on […]
Government considering freeing Fuel Prices
May 30th, 2009 | by Amit Sahrawat | published in Business and Finance
The first official announcement on freeing the domestic prices of petrol and diesel from government control came on Friday, when Petroleum Minister Murli Deora said that his ministry is considering de-regulation of the fuel prices. At current crude oil prices of $60 a barrel, it would mean an increase of petrol prices by Rs 2 […]
Now, another Housing Scheme from Unitech
May 25th, 2009 | by Amit Sahrawat | published in Business and Finance, Housing Schemes
Delhi based Unitech Ltd. is planning to launch projects with home priced around Rs. 10 lakh, echoing the downmarket strategy pursued by the Tatas. The company outlined its intention in a presentation made to investors recently. Complete details on the specifications and locations were not immediately available as the scheme is supposed to be at […]
Satyam likely to lay off
May 25th, 2009 | by Amit Sahrawat | published in Business and Finance
Satyam Computer Services (SCS) is likely to sack most of its non-billable staff up to 8,000 working in marketing, HR and administration wings, after Tech Mahindra takes charge of the company from June 1. According to the official there is no doubt that there will be large-scale sacking mostly of the support and non-billable staff […]
Tatas to start E-mall
May 25th, 2009 | by Amit Sahrawat | published in Business and Finance
The Tata group is gearing up to start an electronic mall through which products made by all group companies would be sold on-line in the next two months.
Ranbaxy Chief Quits
May 24th, 2009 | by Amit Sahrawat | published in Business and Finance
Was just going through the business news and the latest update on Ranbaxy is that Malvinder Mohan Singh has stepped down as the chairman, managing director and chief executive of Ranbaxy Laboratories, India’s largest pharmaceuticals company. The company was last year acquired by Japan’s Daiichi Sankyo. Atul Sobti who was on the post of current […]
Airtel subscribers crosses 100mn – multiplying success
May 16th, 2009 | by Amit Sahrawat | published in Business and Finance
BHARTI AIRTEL on friday(15May 2009) became the third company in the world to cross the 100 million subscribers mark in a single country. It has also become the sixth largest integerated operator in the world. Thus, every fourth mobile phone use in India is an Airtel customer. The company took more than three years to […]
How to Successfully Navigate Your Business through an Economic Downturn
March 15th, 2009 | by Amit Sahrawat | published in Business and Finance
by: Terry H Hill An economic downturn is a phase of the business cycle in which the economy as a whole is in decline.This phase basically marks the end of the period of growth in the business cycle. Economic downturns are characterized by decreased levels of consumer purchases (especially of durable goods) and, subsequently, reduced […]