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Aditya Birla Group to invest Rs 20,000 c...

Aditya Birla Group to invest Rs 20,000 crore in Gujarat

Making public his “personal bias” for investing in Gujarat, Kumar Mangalam Birla on Sunday said the diversified Aditya Birla Group will invest Rs 20,000 crore over a period of time in the state to ramp up capacities across various existing facilities. “We will be continuing to... read more »

Essar Oil to invest Rs 6k cr to expand V...

Essar Oil to invest Rs 6k cr to expand Vadinar refinery in Guj

xEssar Oil, which has a 20 million tonne per annum (MTPA) refinery at Vadinar in Gujarat, plans to pump in Rs 6,000 crore to expand its capacity. The plant started commercial production in 2008. Prashant Ruia, Group CEO of Essar, announced the refinery’s expansion plans at the Vibrant Gujarat... read more »

Why Indians Are Beginning To Buy Houses ...

Why Indians Are Beginning To Buy Houses Online

New Delhi: Kolkata businessman Navin Bhartia’s Internet habits make him a dream customer for billionaire foreign media moguls like Rupert Murdoch. The 45-year-old likes to buy homes online, sometimes without visiting them. In the last four years, he has bought five properties for Rs 4 crore... read more »

Vedanta plans big investments in Rajasth...

Vedanta plans big investments in Rajasthan

JAIPUR: With trophy assets like Cairn India and Hindustan Zinc located in Rajasthan, the engagement of Vedanta Resources has grown deeper with the state, which is considered the mineral museum of the country. Chairman of the London-listed company Anil Agarwal who visited the city on Thursday told... read more »

More from Business

Flipkart ties up with payment solutions provider Euronet

BENGALURU: Homegrown e-tailer Flipkart today announced a strategic partnership with Euronet India, secure electronic transaction processing and payment solutions provider, to distribute... read more »

Telecom major Bharti Airtel on Thursday announced it has acquired 100 per cent stake in Wireless Business Services (WBSPL), a company founded by U.S. chipmaker Qualcomm. The company had acquired a 49 per cent stake in WBSPL in May 2012 for $165 million. At that price, the additional stake purchase would have cost Airtel an estimated $165 million, or Rs. 1,008.1 crore at Friday’s exchange rate. However, the company did not disclose the financial details of the deal. In a statement, Airtel said that it has “completed the acquisition of 100 per cent equity shares of Wireless Business Services Private Limited, which holds BWA Spectrum in the Indian telecom circles of Mumbai, Delhi, Haryana and Kerala”. Airtel acquired a majority stake in WBSPL in July by increasing its stake to 51 per cent from 49 per cent. WBSPL has spectrum that can be used for high-speed 4G services in New Delhi, Mumbai, Haryana and Kerala. Airtel has the similar spectrum in Punjab, Maharashtra, Kolkata and Karnataka. Airtel has already launched 4G services in Bangalore, Pune, Kolkata, Chandigarh, Mohali and Panchkula. Shares of Airtel were trading at Rs. 353.80, up by 1.46 per cent, in the afternoon session at BSE.

Delhi users please note: Your Airtel postpaid bill will go up by 12% from Dec

EW DELHI: Country’s biggest telecom operator Airtel has announced an increase in its postpaid monthly charges by about 12% in select plans, effective December in Delhi NCR... read more »

One World Trade Centre opens for business

NEW YORK, Nov 4 – One World Trade Centre, America’s tallest building, on Monday welcomed its first tenants, publishing group Conde Nast, in a symbolic moment 13 years after the 9/11... read more »

All units at VSP back in action: RINL

VISAKHAPATNAM: Rashtriya Ispat Nigam Limited (RINL) on Sunday said production has been restored at all units of the Visakhapatnam Steel Plant (VSP), which was affected by Cyclone Hudhud. In... read more »

Gold, silver likely to trade lower; copper may rise

Global markets traded mixed in the last fortnight as the US Fed’s decision to wind up its bond buying programme acted as a boost for equities wherein the Dow Jones gained by around two per... read more »