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Shravin Bharti Mittal joins AIRTEL

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Shravin Bharti Mittal, son of Sunil Bharti Mittal, the founder and chair of Bharti Airtel Ltd., joined India’s largest mobile phone company as a manager at Bharti Airtel International (Netherlands) B.V., the holding company of the firm’s international business. Shravin Mittal, a graduate from the University of Bath in the U.K. who has a twin [...]

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HDFC Bank to start 150 more branches by the end of this fiscal

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Paresh Suthankar, Executive Director of HDFC Bank said, “We will be adding between 150 and 200 branches pan-India by this fiscal end, of which over 50 per cent shall be opened in rural and under banked areas”. He said, “The proposed expansion of branch network shall be undertaken in this quarter and in subsequent next [...]

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Maruti Suzuki launches limited edition of Swift

Stock-News

Maruti Suzuki India, country`s largest car manufacturer today launched limited edition of Swift, the iconic premium small car brand. The limited edition car is branded – `Swift one million edition`. The `Swift one million edition` is available in Vi version (petrol) at a price of Rs 4,83,079 (ex-showroom, Delhi). Only 1,000 units of this celebrations [...]

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Hospitality major East India Hotels (EIH) soars 20 per cent

Stock-News

Hospitality major East India Hotels (EIH) today soared 20 per cent on its’ stake sale deal with Mukesh Ambani – led RIL, extending its gains for the second consecutive session. RIL itself was down over 1 per cent on BSE in the early trade. EIH, which gained 11 per cent yesterday, started the day with [...]

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RIL won’t have involvement in management or operation: EIH

Stock-News

Reliance Industries on Monday acquired a 14.12% stake in East India Hotels (EIH) from the company’s promoters. Post the deal, the promoters will hold 32.31% stake in the company. “RIL wanted to invest in the hospitality industry and we welcome their investment in our company as it will satisfy our growth strategy. RIL will also [...]

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RCOM in talks with Motorola, HP, Intel for 3G tie-up

Stock-News

Reliance Communications is planning to rope in strategic partners for its infrastructure and technology innovation unit for 3G mobile business, and is in discussions with global players like Motorola and HP. Sources said that discussions are also being held with likes of Intel and Sony. RCOM, Anil Ambani group’s telecom arm, is looking for partners [...]

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Mobile trading gets green signal, bourses to set up systems soon

Stock-News

The stock market will be in your hands, literally. The Securities and Exchange Board of India (Sebi), India’s capital markets regulator, on Friday approved trading in shares through mobile phones, in an attempt to encourage wider and easier participation of investors. The step has the potential to increase stock market trading activity manifold because of [...]

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After Pantaloons, Future group starts Big Bazaar revamp

Stock-News

India’s largest retailer, Pantaloon Retail India Ltd, is gearing up to more than double the number of its Food Bazaar and Big Bazaar stores, the expansion contrasting with its simplification drive. Three years ago, the Future group, the parent company, set out on a journey to redefine itself. That coincided with the economic slowdown, which [...]

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Cairn India up on hopes of counter offer, gas find

Stock-News

Shares of Cairn India moved higher after the company hit yet another large oil and gas reserve. With this, Cairn has been involved in at least 40 gas finds across India. In another development, Vedanta Resources’ plan to buy control of oil and gas explorer Cairn India for $9.6 bn may be headed towards a [...]

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Anil Ambani’s Reliance and CBS to launch 3 TV Channels

Stock-News

Anil Ambani‘s Reliance Broadcast Network (RBN) with a joint venture with US’ CBS Studios is all set to launch three English, General Entertainment Channels (GEC) in India with an aim to roll out multiple television channels in the country. The joint venture is called the Big CBS Networks and will target the English-speaking audiences in [...]

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