PTI: Melbourne, Jun 16, 2013 at 0258 hrs ISTFarm equipment-to-aerospace conglomerate Mahindra & Mahindra (M&M) on Saturday announced a multi-structured deal under which it will pick up 13.5% stake in Spain’s auto component maker CIE Automotive for 96.24 million euros (nearly R740 crore).
fe Bureau: Mumbai, Jun 15, 2013 at 0411 hrs ISTDespite a volatile week, which saw the rupee tumble to record lows and foreign investors turn net sellers in the debt and equity markets, benchmark indices rebounded strongly on Friday to close with gains of nearly 2%.
Jun 15, 2013 at 0419 hrsChina’s finance ministry failed to sell all of the debt offered at an auction for the first time in 23 months owing to a cash squeeze that threatens to exacerbate a slowdown in the world’s second-largest economy.
Aftab Ahmed: Mumbai, Jun 13, 2013 at 0252 hrs ISTAfter Uttar Pradesh, Rajasthan and Tamil Nadu, lenders have agreed to restructure the short-term liabilities of Haryana State Electricity Board (HSEB), worth R15,000 crore.
Deepa Jainani : Lucknow, Jun 13, 2013 at 0257 hrs ISTThe Akhilesh Yadav government is agonising over signing state support agreements (SSAs) for highway projects in Uttar Pradesh, driving as many as seven ongoing projects to a funding crisis and pushing another 16 to the back burner.