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Business Standard
Firstsource plans to sell US-based MedAssist - Business Standard
Two sources close to the development say the MedAssist sale is on the agenda as the management has been thinking of getting cash to invest in other growth activities. Firstsource had raised $275 million by issuing foreign currency convertible bonds ...
K'taka welcomes SC directive on releasing iron ore - Business Standard
Both the officials, however, refused to be identified as the matter was subjudice. Besides releasing the stocks, the CEC had also recommended that iron ore from Karnataka's mines will not be exported, and lease-wise and grade-wise reserve price for ...
Single-till model burdens consumer the least: AERA - Business Standard
Passengers will be least burdened in the single-till model and this is the best model for the industry,” said a senior AERA official, who did not want to be identified. He said, had they calculated the user development fee (UDF) for international ...
Late rainfall affects sowing, grain output in Maharashtra - Business Standard
A senior officer, who did not want to be identified, told Business Standard: “These are first estimates and the reduction in kharif foodgrain is largely due to the late arrival of rain, especially in parts of Marathwada and Vidarbha. ...
AT&T's Stephenson is backed into corner on T-Mobile - Business Standard
He has no choice," said a source close to AT&T who described the deal as a "career-defining move." After spending years watching predecessor Ed Whitacre acquire BellSouth, SBC and others to earn a reputation as the telecom industry's most renowned ...
Airlines on a pilot recruitment overdrive - Business Standard
“On an average, IndiGo pilots fly for 70 hours/month, but at times this stretches to 80 hours,” a source said. SpiceJet chief commercial officer Samyukth Sridharan said the company has placed firm orders for 15 Bombardier Q400s. “These will be ...
A rocky road for Hindustan Motors - Business Standard
The balance sheet shows the situation has not changed, if not worsened,” a government official said. His reference was to the company's earnings of Rs 47.63 crore from selling of land in Gujarat's Halol, which enabled HM to register a net profit of Rs ...
NHAI expects dip in bid premia on NHDP IV contracts - Business Standard
These projects will not attract the same kind of interest like the ones awarded earlier,” said a senior NHAI official, who did not want to be identified. He said the projects that had attracted lot of premium were all for converting four-lane stretches ...
NHAI expects dip in bid premia on reamining contracts this year - Business Standard
These projects will not attract the same kind of interest like the ones awarded earlier,” said a senior NHAI official, who did not want to be identified. He said the projects that had attracted lot of premium were all for converting four-lane stretches ...
Mega plan for Navi Mumbai airport connectivity - Business Standard
The plan is being revised to connect Ghatkopar-Mankhurd, a government official said. Rahul Asthana, metropolitan commissioner, overseeing the metro and trans-harbour sea link project, said the Ghatkopar-Mankhurd metro was being discussed. ...
Who's the smartest of 'em all? - Business Standard
“The company needs to strengthen its positioning to keep the brand alive and relevant,” adds a brand expert who chose to remain anonymous. Agrees Yezdi Nagporewalla, executive director, KPMG, “The A2 segment in the Indian automobile market is estimated ...
ATC wing to operate as AAI's fully-owned subsidiary - Business Standard
We may allow it to function as a separate company at a later stage, maybe in around eight years,” said a senior ministry official, who did not want to be identified. AAI wanted the new subsidiary to function as its subsidiary, as ATC operations account ...
Maharashtra to give guarantees for pre-seasonal loans to 18 sugar co-ops - Business Standard
A senior minister, who did not want to be identified, told Business Standard: “The cabinet decided to provide its consent for government guarantee to bail out 18 mills who had participated in the crushing season 2010-11, but would fail to do so in ...
Maharashtra mulls ordinance to give more teeth to Lokayukta - Business Standard
A Congress minister, who did not want to be identified, said, “Powers delegated to the Lokayukta in Maharashtra are not wide ranging when compared with Gujarat, Madhya Pradesh and Karnataka. The Lokayukta has no powers to look into the complaint ...
Delhi airport cost overrun likely to get nod - Business Standard
So, since the developer has made the investment, the escalation has to be approved and ADF adjusted,” said a senior AERA official, who did not want to be identified. To ascertain the reason behind escalation, AERA had tasked public sector Engineers ...
JSW refinances Rs 6000-cr Ispat debt - Business Standard
A source close to the development confirmed the new average interest rate for the refinance is 11.75 per cent, lower than the earlier rates. The lead bankers for this term loan are Bank of India, Canara Bank and Punjab National Bank. ...
Citigroup's Sutesh Sharma may quit to begin his own hedge fund - Business Standard
Sharma, 48, has held discussions with potential investors about raising money for his own firm, said the people, who asked not to be identified because the information is private. Sharma, who's based in London and leads the bank's Principal Strategies ...
PowerMin says viability of discoms at stake - Business Standard
A ministry official, who did not want to be identified, told Business Standard, “The power secretary made a detailed presentation on the present state of distribution reforms to the Forum of Regulators (FoR) at its recent meeting. ...
Congress-NCP alliance reworks strategy for Maharashtra civic polls - Business Standard
A Congress minister, who did not want to be identified, told Business Standard, “Hazare's agitation could have been handled in a better manner by our senior ministers and leaders. Former chief ministers Vilasrao Deshmukh and Sushilkumar Shinde could ...
Mahanadi Coalfields plans Rs 9000-cr power project - Business Standard
The pithead plant would be fed by the company's stranded coal asset near the Ib valley in Jharsuguda, Vasundhara, said a person close to the development. MCL will develop the coal block on its own. MCL will rope in a partner to pick up as much as 74 ...
T3 to remain India's largest for 8 yrs - Business Standard
“We will not have to go for expansion for at least five to eight years, as the existing capacity will be able to match passenger growth,” said a GMR spokesperson, who did not want to be identified. The Delhi airport is operated by Delhi International ...
MFIs Asmitha, Share & Spandana may merge - Business Standard
"The CDR package has been approved for all the three MFIs and there is a possibility that these three will be merged," a top MFI official, who declined to be identified, told Business Standard. Spandana Sphoorty's managing director Padmaja Reddy, ...
Maharashtra urges RBI to end govt guarantees for loans - Business Standard
... to reconsider the time limit prescribed for obtaining the licence by these banks so that the flow of agricultural credit is not hampered in those areas where these banks operate,” the official told Business Standard on the condition of anonymity. ...
Arhar output set to drop on low rainfall in July - Business Standard
“Production of arhar has come under clouds this year because of poor initial rains in Karnataka, Andhra Pradesh and Maharashtra,” a senior government official said. He said though there was scope for improvement, much would now depend on increasing per ...
AI, Star alliance meet to iron out issues - Business Standard
“Both we and Star have decided to meet and discuss of our suspension, even when we had fulfilled all the 87 criteria required to join the alliance,” said a senior AI official, who did not want to be identified. No decision has been taken on the date ...