Business News

In good spirits: Beam Global bets big on India

Beam Global Spirits Wine is a company better known perhaps by its brands. Laphroaig, Teacher’s, Cockburn’s Port, and Canadian Club are just some from a long list of popular brands of the company. Its flagship brand, Jim Beam dates back to 1795.

Aurobindo Pharma sees $2 bn sales in next 3 years

Aurobindo Pharma has inaugurated a Rs 150 crore drug manufacturing plant at its pharma SEZ in Hyderabad. It expects revenues to hit USD 2 billion by 2013.

Bharti Airtel cuts mobile roaming charges

Bharti Airtel, India\'s top mobile operator, said on Friday it had launched a new bill plan that would reduce mobile roaming rates by nearly 60%.

Bharti Airtel reduces roaming charges to 50 paise/min

In an interview with CNBCTV18, Atul Bindal, President, Mobile Services of Bharti Airtel Ltd, spoke about the fairly large sized cut in its roaming charges.

Essar Comm to file revised bond offer doc

The Reserve Bank of India (RBI) has sought a revised offer document from Essar Communication Holdings that details how it plans to use funds raised in a USD 920 million bond issue, two sources with knowledge of the development said.

US electric carmaker Tesla preparing IPO: Sources

US electric sports car maker Tesla Motors plans to go public soon, two sources familiar with the matter said, amid growing interest in green technology and batterypowered vehicles.

GM India will not cede ground in Chinese alliance

President and Managing Director of General Motors India, is categorical that the proposed alliance with SAIC Motor Corporation of China for light trucks will in no way compromise his company’s position.

Bharat Hotels to invest Rs 2,300 cr in new properties

Bharat Hotels, the holding company of The Lalit Suri Hospitality Group, will invest nearly Rs 2,300 crore in hotel properties in the next four years. This will include its foray in the midmarket segment.

DoT, Defence end stalemate on spectrum

In a move that will allow the Government to auction 3G spectrum for at least four operators in each circle, the Department of Telecom and the Ministry of Defence have struck an agreement whereby the armed forces will release 25 Mhz of radio frequency.

Galleon sells its stake in India`s Edelweiss

Hedge fund Galleon, which is winding down its funds after its founder was accused of heading an insider trading ring, has sold its holding in India\'s Edelweiss Capital, stock exchange data showed.

India may miss 2009/10 power addition target

India is likely to add only 78 percent of its targetted 14.5 gigawatts power capacity in the 2009/10 financial year ending March, Power Minister Sushilkumar Shinde told lawmakers on Friday.

New plant to aid growth by 15%: Kansia Nerolac

In an interview with CNBCTV18, HM Bharuka, Managing Director of Kansai Nerolac, spoke about the launch of new plant in Bangalore..

Vijay Shanthi Builders targets revenues of Rs 150cr in H2

Real estate companies are beginning to see some traction in their business. Chennaibased real estate builder, Vijay Shanthi, which had a turnover of Rs 25 crore in the first half of FY10, now expects to do Rs 150 crore in sales in the second half.

Elecon Engg initiates group restructuring process

In an exclusive interview with HC Shah, CFO of Elecon Engineering, spoke on the latest developments in the company.

ICEX to launch operations on November 23

In an interview with CNBCTV18, Ajit Mittal Managing Director of ICEX spoke about the particulars of the exchange.