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Sesa Sterlite merges Goa Energy with itself
Published on Friday, March 27, 2015 5:27 PM

Vedanta Group company Sesa Sterlite Ltd on Friday said that the merger of Goa Energy Ltd with Sesa Sterlite is effective from March 24, 2015. "Hon'ble High Court of Bombay at Goa had approved the scheme of amalgamation of the Goa Energy Limited with the company on March 12, 2015. Subsequent to filling the necessary forms, the merger ...

Sesa Sterlite merges Goa Energy with itself
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IAEA urges India to take further action for nuclear regulation
Published on Friday, March 27, 2015 4:32 PM

VIENNA- The International Atomic Energy Agency (IAEA) urged India on Friday to further tighten its nuclear safety regulations by assuring the legal independence of its atomic watchdog and allowing more outside inspections.

India, which has tested nuclear weapons but is a non-signatory of the Non-Proliferation ...

IAEA urges India to take further action for nuclear regulation
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Catholic Syrian Bank to file for $80 mln IPO in April - sources
Published on Friday, March 27, 2015 3:07 PM

MUMBAI  - Catholic Syrian Bank Ltd will file a draft listing prospectus by the end of April, paving the way for an initial public offering to raise nearly $80 million, two sources involved in the process told Reuters.

Kotak Investment Banking and ICICI Securities are advising the bank on the listing, the ...

Catholic Syrian Bank to file for $80 mln IPO in April -   sources
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SpiceJet running short of planes for scheduled flights
Published on Friday, March 27, 2015 5:21 PM

NEW DELHI  - Low-cost carrier SpiceJet Ltd will have to cancel more than a fifth of its planned daily flights if it cannot reach an agreement with its lessors to bring in more aircraft by the end of this month, a company spokesman said.

SpiceJet, which came close to collapsing in December after running o ...

SpiceJet running short of planes for scheduled flights
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Honda to invest $154 million to expand India motorcycle, car output
Published on Friday, March 27, 2015 2:16 PM

Honda Motor Co Ltd said on Friday that it would invest 9.65 billion rupees ($154 million) to expand its motorcycle and automobile production in India, targeting growing demand in Asia's third-largest economy.

The Japanese automaker said its unit, Honda Motorcycle & Scooter India, would spend 5.85 billion rupees to rai ...

Honda to invest $154 million to expand India motorcycle, car output
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Now capable to provide 4G services in India: Reliance Communications Ltd
Published on Friday, March 27, 2015 5:32 PM

Country’s leading telecom operator Reliance Communications Ltd (RCom) on Friday said it has gained capability to provide 4G services across the country on the back of spectrum won by RCom in the recently concluded spectrum auction. In a filing to the Bombay Stock Exchange, the company informed, “RCom becomes India's first and ...

Now capable to provide 4G services in India: Reliance Communications Ltd
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IndiGo heads for up to $400 million IPO amid travel boom - sources
Published on Friday, March 27, 2015 2:46 PM

By Abhishek Vishnoi and Tommy Wilkes

MUMBAI/NEW DELHI  - India's biggest airline by market share, IndiGo, is preparing to file a draft prospectus by May for a stock listing to raise $300 million to $400 million, two people with knowledge of the plans said, aiming to cash in on a boom in budget air tr ...

IndiGo heads for up to $400 million IPO amid travel boom - sources
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India may exempt ONGC, Oil India from paying subsidy in March-quarter - source
Published on Friday, March 27, 2015 11:54 AM

NEW DELHI  - State-backed oil producers Oil and Natural Gas Corp Ltd and Oil India Ltd may be exempt from paying subsidies to fuel retailers in the March quarter, a source familiar with the plan said on Friday.

India regulates retail prices of liquefied petroleum gas and kerosene to keep prices under che ...

India may exempt ONGC, Oil India from paying subsidy in March-quarter - source
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Spectrum auction ‘credit positive’ for India - Moody’s
Published on Friday, March 27, 2015 11:51 AM

Rating agency Moody's, on the recently concluded spectrum auction said that proceeds from the sale of airwaves will help meet fiscal deficit target, terming it as "credit positive" for India, reported PTI. "The revenue raised from the auction will help the government meet its fiscal deficit targets. This is credit positive ...

Spectrum auction ‘credit positive’ for India - Moody’s
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