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India Business-Business-The Times of India
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News from India by India number one website
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Reliance Big Entertainment to produce 69 films
The media and entertainment arm of the Anil Dhirubhai Ambani Group has finalised 69 films in nine languages for production and distribution over the next 2 years.
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Only branded, costlier fuel in metros
The
three oilmarketing companies had decided on the move while considering raising
prices of branded fuels, first reported by
TOI
last Novemeber.
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Inflation at 7.83%, govt's headache gets worse
The government had earlier taken some stabilising decisions including convincing steel manufacturers to hold their prices.
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Bharti's MTN chase hits hurdle
Bharti Airtel chairman Sunil Mittal has agreed to go for merger of both the entities as it will create huge synergies but seek help from MTN management to find solution for meeting FDI norm in India.
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MTN seeks $500m breakup fee
Bharti wants the 'exclusivity contract' with MTN first as it will make it binding on the latter not to talk to any other competiting bidder till negotiations between these two conclude.
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Quippo Telecom may acquire Tatas' mobile tower business
Quippo has made a presentation to the Tatas regarding its expertise in managing infrastructure and how it can assist the Tatas in growing the business.
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Rel Infratel dilutes 5% before IPO
The latest deal values the company at around Rs 50,000 crore while the earlier 5% stake dilution that Reliance Infratel had made, valued the company at about Rs 28,000 crore.
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Price cuts to hit cement cos' net
JK Lakshmi Cement chief executive officer S Chouksey has also said that profitability will be affected in the short run.
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'Inflation to come down next week'
Finance Minister P Chidambaram has said that the index shall come down next week, as it will show the figure for the week-ended May 10 and capture the effect of Rs 4,000 per tonne price cut by steel manufacturers.
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Kawasaki may team up with Bajaj for bikes
Kawasaki Heavy may use Bajaj's production sites at Pune to produce Kawasaki-brand sports bikes with engines of 150 cc or more.
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