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Mar 27: Kingfisher suspends operations

  • Mar 27: Kingfisher suspends operations

    Mar 27: Kingfisher suspends operations

  • Telenor opposes Unitech move

    A man speaks on a mobile phone in front of a billboard of Uninor at a market in the western Indian city of Ahmedabad

    Norway-based Telenor today opposed its joint venture partner Unitech's petition before Company Law Board seeking arbitration in dispute over control of Uninor.

    Unitech has moved a petition in the Company Law Board (CLB) under provisions of 'Arbitration and Conciliation Act' seeking arbitration on the ongoing dispute with Telenor, which holds about 67.25% stake in the joint venture--Uninor.

  • F1 to pay $1 bn dividend

    Formula One cars drive into the pit during rain during the Malaysian F1 Grand Prix in Sepang

    Motor racing group Formula One (F1) will pay its private equity owner CVC Capital Partners a dividend of around $1 billion from cash on the company's balance sheet as part of a loan refinancing, investors said on Tuesday.

    The dollar-denominated dividend recapitalisation and loan refinancing and maturity extension could still be a precursor to an initial public offering (IPO) of some of the company, one investor said.

  • Rupee rises high

    Indian currency notes are stapled to form garland at market in Jammu

    The rupee rebounded on Tuesday to post its biggest single-session rise in two months powered by dollar inflows towards some foreign banks and strong local shares, even though doubts about the sustainability of the rally remain.

    Improved appetite for risk among investors after the US Federal Reserve Chairman Ben Bernanke underlined the need to keep an ultra loose monetary policy sent the dollar reeling and added to the buying spree on the rupee, traders said.

  • Jewellers protest enters Day 10

    Jewellers from across the city and State held a mammoth rally at Azad Maidan to press their demand for rollback of central excise on unbranded jewellery and increase custom duty on gold imports as proposed in the Union Budget 2012

    (Picture by Kamlesh Pednekar)