GVK Power is raising 1.2 Billion dollars debt to buy Hancock Mines

GVK Power is raising 1.2 Billion dollars debt to buy Hancock Mines, estimated cost is about 3.4 billion dollars, they are likely to get loan from ICICI bank at interest rate of 10%

Ayman al-Zawahri has taken command of al Qaeda

Osama bin Laden's long-time lieutenant Ayman al-Zawahri has taken command of al Qaeda after the killing of the group's founder and leader, an Islamist website said today

Honda City reduced prices by upto Rs 66,000

Honda City reduced prices by upto Rs 66,000 in Delhi With effective from June 14,2011, Honda Siel Cars India announced the new price structure for its volume model Honda City. The price reduction has been attributed to cost reduction efforts in the supply chain and manufacturing.

Airbus has received an order price $7.2 billion for 72 planes from GoAir

Airbus has received an order price $7.2 billion for 72 planes from Indian carrier GoAir The order for A320 planes brings GoAir's total order book with Airbus to $9.6 billion

Jubilant Foodworks has launched its first Domino’s Pizza store in Vizag

Jubilant Foodworks has launched its first Domino’s Pizza store in Vizag

RBI Credit Policy

RBI has hiked policy rates by 25 basis points,. Repo rate has been hiked by 25 bps to 7.50% and Reverse Repo Rate has been hiked by 25 bps to 6.50%, CRR Fixed at same rate as previous

GVK Power to buy Hancock coal mines

GVK Power and Infrastructure will buy two of Hancock Prospecting's thermal coal mines in Australia for around USD 2.4 billion

Nesco has decided to cancel the stock split

Nesco has decided to cancel the stock split of its equity shares from Rs 10 to Rs 1

Ashok Leyland board okays 1-for-1 bonus share issue

Ashok Leyland board okays 1-for-1 bonus share issue

Two lakh workers of Maruti to go on hunger strike on June 17

Two lakh workers of Maruti to go on hunger strike on June 17. The supply of Maruti's SX4, Swift, Dzire has stopped since both are manufactured at Manesar plant .
Workers in about 65 factories in the Gurgaon- Manesar industrial belt have decided to work empty stomach on June 17 and hold a two-hour tool-down strike on June 20 from 11 am to 1pm to support the striking employees of Maruti