Indiabulls arm to raise $300 Mn in Singapore
Indiabulls Real Estate plans to raise close to $300 million (Rs1,254 crore) through a mix of private placement and an initial public offering (IPO) of a real estate investment trust in Singapore.
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BSNL floats $10 Bn tender for 93 Mn GSM lines
State-owned BSNL has floated a gigantic $10 billion (Rs 40,000 crore) tender for 93 million lines, reportedly the world's biggest order for GSM lines.
Germany looks to India to meet chronic shortage of engineers
Germany is recruiting more from overseas especially India to sustain growth and innovation as the country is suffering from a chronic shortage of skilled engineers, says a new industry study.
Juniper Networks expands Bangalore R&D center
Juniper Networks has announced that it has doubled the size of its research and development center in Bangalore.
Thales, Samtel form joint venture for avionics
French defence and aerospace major Thales and the city-based Samtel group Wednesday announced a joint venture to design, manufacture and sell avionics systems in the Indian market.
Tata Steel garners $500 Mn through NCDs
India's metal major Tata Steel has raised Rs.20 billion ($500 million) through private placement of redeemable non-convertible debentures (NCDs) as part of its long-term financing plans.
Now, pay LIC premium through mobile phone
The Life Insurance Corporation of India (LIC) has tied up with Corporation Bank to enable the bank's debit card holders pay the LIC policy premium using a mobile phone.
Rice prices tipped to go up this year
Despite the government's measures to control inflation, prices of food grain, particularly rice, will continue to remain on the higher side.
Godrej to launch flat screen, LCD televisions
Godrej Appliances, the consumer durable division of the multi-products firm Godrej & Boyce Manufacturing , will shortly enter the highly competitive television market.
Merck launches diabetes pills in India
Merck Sharp & Dohme (MSD), the wholly owned subsidiary of US-based Merck & Co Inc Whitehouse Station, launched type-2 diabetes tablets, JANUVIA, in India.
'Challenges ahead for India's mortgage-backed security sector'
India has made progress in the field of loans backed by non-residential property, but some challenges still exist, according to a report released by global rating agency Moody's Thursday.
Expert unhappy with futures trading ban
The government has banned futures trading in four commodities to tame inflation, but a member of an official expert panel has questioned the move, saying it would only hurt farmers.
