Jumbo mandates McKinsey to seek bids for SWC liquor biz
THE Jumbo Group, managed by the estate of the late Manu Chhabria, has mandated McKinsey Singapore to seek bids from interested parties to take a major stake in Shaw Wallace & Co's (SWC) liquor business. The liquor industry has been buzzing ...
Another steel price hike on cards
ANOTHER round of hike in steel prices seems to be in the offing, with the Government trying to wash its hands off the pricing issue. For, essentially, it is the "push and pull" factors between the primary producers and the secondary ...
Mahindra enters Chinese tractor market; in venture with Jiangling
MAHINDRA & Mahindra Ltd (M&M) is to hold 80 per cent equity stake in a proposed joint venture with Jiangling Motor Co Group (JMCG) that will mark the company's entry into tractor manufacturing in China. The joint venture will acquire ...
Hearing on Reliance plea against MTNL adjourned
THE Delhi High Court on Tuesday adjourned the hearing of the petition filed by Reliance Infocomm against Mahanagar Telephone Nigam Ltd, which had slapped a Rs 309 crore fee for allegedly routing international long distance calls illegally. ...
Pension funds' floor capital may be set at Rs 50 crore
AMIDST divergent figures on capital requirements proposed by different reports on pension reforms, the interim Pension Fund Regulatory and Development Authority (PFDRA), in its internal discussions, is considering setting Rs 50 crore as the floor ...
Bank of India hikes deposit rates
BANK of India today announced an increase in interest rates on domestic rupee deposits by 25-50 basis points across various maturities. Bank of India is the first among public sector banks to announce interest rate hikes on deposits. These new ...
Plan panel may set 2007-08 GDP growth target at 8 pc
THE Planning Commission may consider setting a target of 8 per cent GDP growth for 2007-08, the last year of the ongoing 10th Plan. The 8 per cent GDP growth was the initial target set by Planning Commission at the beginning of the 10th Plan. ...
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