Company and Industry News

PTC arm raises Rs 100 cr

PTC India Financial Services Ltd, the investment arm of domestic power trading major PTC India, has raised Rs 100 crore in fresh funds by issuing secured non-convertible..

BHEL bags Rs 1,000 cr order from Bhutan

BHEL has secured a Rs 1,016-cr contract from Punatsangchhu Hydroelectric Project Authority.

Genpact Q4 net income dips to $34.6 mn

Genpact said its net income fell by 26.38 per cent to USD 34.6 million (Rs 162 crore).

Maruti eyes 100 pct jump in exports in FY'10

Maruti Suzuki India, said it expects to double its exports to about 1.6 lakh units this fiscal.

Educomp acquires Studyplaces.com

Educomp Solutions Ltd has acquired popular education portal Studyplaces.com.

Air India likely to get Rs 1,200 cr in Buget

Air India expects to get an allocation of Rs 1,200 crore in the forthcoming Budget, Civil Aviation Minister Praful Patel said.

‘Istithmar sells SpiceJet stake for Rs 1.6 bn’

Istithmar sold its stake via two block deals for a total consideration of around Rs 1.6 bn.

Toyota to recall Prius for brake glitch: Dealer

Toyota decided to recall Prius hybrid in Japan to fix a braking software glitch.

Essar Oil to double petrol pumps to 2,500

Essar Oil plans to nearly double its petrol pumps to 2,500 by March 2011, group Chairman said.

INOX buys 43% stake in Fame

Multiplex chain operator INOX Leisure Ltd, promoted by Gujarat Fluorochemicals Ltd, has acquired a 43.28% stake in Fame India Ltd for an all-cash consideration of Rs 66.48 crore.

Celebi to invest $100 mn in Indian aviation industry

Celebi Holding, one of the largest business conglomerates from Turkey, aims to invest $100 million in the Indian aviation sector by 2010.

Sahara ready to sort out row with Jet

Sahara India chief Subrata Roy on Thursday said he is open to an out-of-court settlement with Jet Airways over tax liabilities. The matter has not been settled yet in court. “Since we were unable to arrive at a consensus amicably, we will go by the verdict of the court,” said Roy.

Satyam case: SC grants bail to PwC auditor

SC granted bail to Srinivas Talluri who was arrested for allegedly conniving with Raju and aides.

Govt may approve Rs 8 bn infusion in Air India

The govt may approve a capital infusion in loss-making Air India by next week, Patel said.

India Inc upbeat on hiring; 71% cos hiring

As much as 71 per cent of Indian companies surveyed said they were currently hiring.

Jet to mop up $200 m via QIPs

Private carrier Jet Airways, which has been struggling to mop-up funds for nearly two years, said it will be raising $200 million in the coming 3-4 weeks through the QIP route. The airline also has plans to go back to the market in May or June to raise another $200 million.

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