By Swati Pandey and Harichandan Arakali

MUMBAI/BANGALORE  - A breach of security at two payment card processing companies in India that led to heists at cash machines around the world has reopened questions on the risks of outsourcing sensitive financial services to the Asian nation.

Glo ...

MUMBAI - Tata Motors Ltd  said its subsidiary TML Holdings Pte Ltd had issued and allotted S$350 million of senior notes due 2018.

The notes carry an interest rate of 4.25 percent, Tata Motors, part of the salt-to-steel conglomerate Tata Group, said in a statement on Saturday.

Net procee ...

NEW DELHI  - Tata Sons Ltd, the promoter of Tata Teleservices (Maharashtra) Ltd , cancelled a share auction it had launched in the telecommunications carrier on Friday after most bids were below a floor price set by the company.

Tata Sons had planned to sell 51.6 million shares or a 2.7 percent stake in ...

By Silvia Antonioli

BRUSSELS  - Tata Steel , the second largest steel producer in Europe, supports proposals to use EU funds to soften the blow of steel plant closures, regional chief executive Karl-Ulrich Köhler said.

A prolonged contraction in steel demand has led many producers t ...

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With its significant presence in conventional gas sources, state-run ONGC is now looking at entering into unconventional gas sources such as shale gas. In order to enter the unconventional sources segment, ONGC has voiced intentions to bid for shale gas blocks when the government will introduce a natio ...

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Financial services firm, Standard & Poor’s (S&P) has affirmed the ratings of Vedanta Resources and has removed the London-listed company from negative credit watch stating reduction in its re-financing risk after securing funds. "We affirmed the ratings and removed them from CreditWa ...

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Leading manufacturer of dry cell batteries and lighting products, Panasonic Energy India Co., Ltd. has reported 46.7 per cent growth in its net profit for the quarter ended March 31, 2013 at Rs 0.44 crore. The company’s net profit for the corresponding quarter in the previous fiscal stood at Rs 0 ...

MUMBAI  - Standard & Poor's expects India to grow around 6 percent in the current fiscal year ending March 2014, said credit analyst Takahira Ogawa.

The rating agency also does not expects any significant improvement in structural reforms in India, Ogawa said in a teleconference, after reiteratin ...

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Gujarat Alkalies and Chemicals Ltd (GACL) which is the single largest producer of Caustic Soda in India stated that it posted an 82.6 per cent rise in its net profit to Rs. 80.73 crore for the fourth quarter ended March 31, 2013 as compared with a net profit of Rs 44.21 crore for the fourth quarter en ...