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23 Nov 2009National
NEW DELHI: Steel magnet Lakshmi N Mittal has paid over $110 million to double his stake in Africa-focused Ophir Energy to 21.2% even as he exited the oil and gas business in the Central Asian nation Kazakhstan. “We would like to confirm that we recently doubled our investment in this (Ophir Energy) company,” said Sudhir Maheshwari, managing director of Mittal Investment Sarl, the holding company o...
Economictimes | 2 Hour(s) Ago
Ludhiana, Nov 22 : Police in Ludhiana have recovered three and a half kilograms of heroin from a fruit consignment.The high-grade heroin being in valued at around 3.8 million dollars and was found in a consignment of pomegranate from Afghanistan.Ludhiana Senior Superintendent of Police Sukhchain Singh Gill said : 'They (the owners of Manjit Fruit Store) had ordered forty boxes of pomegranate from ...
Newkerala | 4 Hour(s) Ago
ANGELES, Nov 22 (Reuters) - "The Twilight Saga: New Moon" scored the third-highest opening weekend of all time at the North American box office, earning an estimated $140.7 million during its first three days, its distributor said on Sunday.The vampire romance sequel vastly exceeded expectations, which had started at $100 million ahead of its release but steadily rose to about $125 million as earl...
yahoo | 4 Hour(s) Ago
RANCHI: The Centre is open for holdingtalks with the Maoists and is not even asking the banned outfit to lay downarms, Union Minister of State for Home Affairs Ajay Maken said on Sunday."The Centre is ready for talks. We don't even ask them to lay downtheir arms. But they should shun violence before coming up for dialogue," Makentold reporters here.Maken said the police were being modernisedand ef...
The Economic Times | 5 Hour(s) Ago
NEW DELHI: Rico Auto, a major component supplier to Maruti Suzuki, Hero Honda and Tata Motors, said it would set up two new plants outside Haryana after a protracted labour strike at its four plants in the state crippled production for over two months. A top Rico official said the move was in line with a demand raised by key customers, who were affected by the 45-day strike at its Gurgaon factory....
Economictimes | 2 Hour(s) Ago
MUMBAI: Expectations that loan demand will pick up and fears that interest rates will rise sooner than later is leading a spate of banks to hit the bond street. In the past month, close to 12 banks have raised close to Rs 3,500 crore through sale of perpetual bonds and other debt capital to help prepare for a possible loan offtake in the coming days. Punjab National Bank, IDBI Bank and Allahabad B...
Economictimes | 2 Hour(s) Ago
MUMBAI: Much before it became LyondellBassell through a billion-dollar merger in 2007, Basell had made small strides in India’s growing polymer industry through its commercial representatives. When India’s booming economy showed an insatiable hunger for polymer products, Basell opened its office in Mumbai’s Powai in 2003 and moved its senior executive Mehernosh Dordi from Belgium to head Indian op...
Economictimes | 2 Hour(s) Ago
MUMBAI: The fashionista dream is alive and kicking. But it’s no longer strictly elitist! With the US and Europe still grappling with recession, global luxury apparel retailers are eyeing markets like India, which has put itself firmly on the path of recovery. Reworking their business model by focusing on affordable luxury, international majors are in talks with Indian players to target aspirationa...
Economictimes | 3 Hour(s) Ago
NEW DELHI: It was around 2000, after the company’s sales touched Rs 50 crore when Ramesh Juneja, the founder managing director of Mankind Pharma got a gut feeling that he has got the ‘act right’ and that the company was set for the next big leap. “Certain things go right. I cannot explain that in words,” the 54-year old said. Of course, what helped his cause the most was the number of years he had...
Economictimes | 3 Hour(s) Ago
Gulshan R. Luthra, New Delhi, Nov 22 : The Indian Navy has floated a Request for Information (RFI) for a newer generation of aircraft which can operate from the two indigenous aircraft carriers it will commission over the next 10 years.The Ministry of Defence and industry sources indicate that the RFI, issued recently, is of a "generic" nature, looking for newer platforms and airborne technologies...
Newkerala | 4 Hour(s) Ago
Home Minister P. Chidambaram can be at his expansive best when he is entertaining. But then his revelations are strictly off the record - if he is donning a jacket and pant and not his trademark veshti and shirt!At a high tea organised for scribes on the home beat as well as for those who covered him when he was finance minister, Chidambaram played the perfect host with delectable goodies, mostly ...
Newkerala | 4 Hour(s) Ago
CRTC to Meet this Week for Hearing Over Networks Charging Fees to Cable CompaniesThe Canadian Radio-television and Telecommunications Commission is meeting this week to discuss the proposed fees which big Canadian networks want to charge to smaller cable and satellite companies for carrying their signals. The meeting will be chaired by CRTC head Konrad von Finckenstein, and might just change the f...
Topnews | 5 Hour(s) Ago
 
 
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 20 Nov 2009 closing
BSE17022236
NSE505263
Rs/Dollar46.30 
Rs/Euro69.05 
Rs/Pound77.92 
Gold[10g]1696844
Silver[1kg]2692081