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We don’t own 55% in Bank of Rajasthan: Tayal

by free stock tips on March 10, 2010

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The promoter of the private bank says he will consult experts and clear SEBI and RBI ‘misunderstandings’
Pravin Kumar Tayal, the promoter of Bank of Rajasthan Ltd (BoR), has denied any wrongdoing after the capital market watchdog turned up the regulatory heat on him by banning 100 entities it said were related to the bank’s founders. The [...]

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Tata Consultancy Services (TCS) 600 mn Pound contract under fire in UK

by free stock tips on March 10, 2010

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British opposition says deal has been signed too close to the polls, pledges to review contract if it’s elected
With a general election due in June in the UK, a £600 million (Rs4,104 crore) contract the British government awarded last week to Tata Consultancy Services Ltd (TCS) has come in for political criticism in that country.
The [...]

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CRISIL assigns ‘A/ Stable/ P1’ ratings to Tata Teleservices

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Tata Teleservices (Maharashtra) (TTML) has informed that Credit rating agency CRISIL has assigned its ‘A/ Stable/ P1’ ratings to the bank facilities of the company in respect of long-term loan of Rs 150 crore & short term loan of Rs 50 crore respectively.
The ratings reflect the strategic importance of TTML to the Tata group’s telecommunications [...]

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Profile – Marsons

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Established as a private limited company in 1976, Marson’S, is into the business of power generation, EPC contracts, logistics and construction. The company has supplied more than 150,000 transformers across India during the last five decades. Marsons’ foundation has been established by powerful and pragmatic principles backed by hard-core commitment for excellence.
The company, incorporated under [...]

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Reliance Media World joins hands with OnMobile Global

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Reliance Media World, part of the Reliance Anil Dhirubhai Ambani Group (Rel-ADAG), has formed a partnership with the leading telecom VAS provider of the country — OnMobile Global — to launch the radio experience on the mobile platform.
Through this alliance, Big Mobile Radio, an initiative from BIG 92.7 FM, will give mobile users the option [...]

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Australia and New Zealand Banking Group (ANZ) to re-enter India after a decade

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The Melbourne-based lender has won approval from India’s central bank to open a branch in the country, enabling it to offer retail and wholesale banking services
After a gap of a decade, Australia and New Zealand Banking Group Ltd (ANZ) is set to return to India. The Melbourne-based lender has won approval from India’s central bank to [...]

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Banks hike home, auto loan costs

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Borrowers will need to pay more as lenders withdraw special schemes; interest rates likely to rise further
The interest rate cycle is changing in India even though the banking regulator has not raised its key policy rate yet.
Private sector lenders ICICI Bank Ltd and Kotak Mahindra Bank Ltd as well as the largest mortgage player, Housing [...]

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Vijaya Bank expects Rs700 crore of recapitalization

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The federal government wants banks to maintain a minimum capital adequacy of 8% in the tier I capital by 31 March, 2011. State-run Vijaya Bank to get Rs7 crore of capital from the union government, part of which is expected by March-end, its chairman and managing director said on Wednesday.
“We expect the remaining part of the [...]

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Ranbaxy unable to launch new generic, shares fall

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Fails to receive final FDA approval for Flomax generic; shares fall more than 6%; regulatory issues to be an overhang on stock, says analyst
Ranbaxy Laboratories said on Wednesday it would not be able to launch a generic urinary drug as per schedule in the absence of a final regulatory approval, sending its shares down more [...]

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Reliance shares up as Lyondell bid seen rejected

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At 1:28pm, shares in Reliance (RIL), which the market values at about $70 billion, were up 2.8% at Rs1,011 after climbing to as high as Rs1,015
Shares in Reliance Industries were boosted on Wednesday as investor fears the Indian energy major would overpay for LyondellBasell were allayed after the petrochemicals firm was said to have rejected [...]

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