Archive for December 20th, 2017

Airtel to acquire Millicom’s operations in Rwanda

New Delhi, Dec 20 Bharti Airtel through its subsidiaries has entered into a definitive agreement with Millicom International Cellular under which Airtel Rwanda will acquire 100 per cent equity interest in Tigo Rwanda, a company statement said here on Tuesday.

“Airtel has taken proactive steps in Africa to consolidate and…

Read More

HDFC’s plans to raise up to Rs 13,000 cr

Mumbai, Dec 20 Housing finance major HDFC plans to raise funds up to Rs 13,000 crore ($2 billion) via issue of equity shares or other permissible securities, subject to the regulatory approvals.

“The corporation will consider raising funds by issue of equity shares or compulsorily
convertible debentures or warrants…

Read More

Tata Steel to expand Kalinganagar plant by 5mt

Mumbai, Dec 20 Tata Steel on Tuesday said its board has approved expansion of Kalinganagar plant’s capacity by five million tonnes per annum at an estimated investment of Rs 23,500 crore and this is expected to be completed within 48 months.

“Following the successful implementation of the phase…

Read More

Lok Sabha takes up bill amending regulations for government acquiring property

New Delhi, Dec 20 A bill to amend the regulations concerning compensation payable for acquisition of immovable property by the central government for public purpose was moved for passage in the Lok Sabha on Tuesday.

Moving The Requisitioning and Acquisition of Immovable Property (Amendment) Bill, 2017, Urban Affairs Minister Hardeep…

Read More

Gadkari promises a ‘revolution’ in inland waterways

New Delhi, Dec 20 Union Road Transport and Shipping Minister Nitin Gadkari said on Tuesday said there will be a “revolution” in the country in development of inland waterways and cruise service between Mumbai and the Andaman and Nicobar islands and between Mumbai and Goa will be launched.

Replying to…

Read More

Cash, jewellery worth over one crore stolen in Delhi bank heist

New Delhi, Dec 20 Cash and jewellery worth over Rs one crore were stolen from a bank here by digging a 10-feet tunnel, police said on Tuesday.

In the heist attempted on Saturday-Sunday night when the bank was closed, the thieves broke open 17 lockers and decamped with…

Read More

ED attaches Rs 5.34 cr deposits in illegal mining case

Bengaluru, Dec 20 The Enforcement Directorate (ED) on Tuesday attached bank deposits worth Rs 5.34 crore of ILC Industries Ltd Director K. Somasekhar in an illegal mining case under the Prevention of Money Laundering Act, 2002.

“Investigation under the PMLA revealed that Somasekhar was in possession of moveable properties…

Read More

Markets open on a higher note on Wednesday

Mumbai, Dec 20  The 30-scrip Sensitive Index (Sensex) on Wednesday opened on a positive note during the morning session of the trade.

The Sensex of the BSE after opening at 33,928.59 points, touched a high of 33,956.31 points and a low of 33,807.80…

Read More

New Delhi, Dec 20  It was a misty morning here on Wednesday with the minimum temperature recorded at 9.6 degrees Celsius, two notches above the season’s average.

At least 15 trains were cancelled, 20 delayed and two were rescheduled due to fog in several parts of northern India…

Read More

Minimum temperatures rise in J&K due to cloud cover

Srinagar, Dec 20  A day before the 40-day-long period of harsh winter known as the ‘Chillai Kalan’ starts, minimum temperatures rose across Jammu and Kashmir on Wednesday due to a cloud cover.

Chillai Kalan is the period during which snowfall replenishes the perennial water reservoirs that sustain the…

Read More