Financial Express - India's leading business newspaper from the Indian Express Group

Government paves the way to make India an uplinking hub

With the Government paving the way for making India an uplinking hub, all television channels, irrespective of their equity holding, ownership and management control, will now be allowed to uplink their programmes from the country.

Essar Oil's Vadinar refinery achieves financial closure

Essar Oil's Vadinar refinery has achieved full financial closure with funding assistance worth Rs 345 crore just approved by the Industrial Development Bank of India (IDBI).

Dresdner Bank, Commerzbank merger talks fail

Merger talks between Germany's Dresdner Bank AG and Commerzbank AG have failed, Commerzbank said Wednesday. "In view of the complexity of the topic, it seems impossible to produce a plan that reflects the interests of all parties," Commerzbank said in a statement.

Glaxo first-half profit vaults 56.7 per cent to Rs 44 crore

Glaxo India has registered a 56.7% jump in net profit for the six months ended June 30, 2000, at Rs 43.62 crore as against Rs 27.83 crore in the corresponding period of the previous year.

GM plans to enter small-car segment with 1000cc Corsa

GMI is planning an entry into the small car segment with a 1000-cc Opel Corsa. "We are very interested in the one litre Corsa which has been very successful in many countries including Brazil and Mexico", R C Swando, president and managing director, GMI told The Financial Express.