Five Tata group MDs meet Mamata Banerjee Posted on 28th October 2014 |
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| Five Tata group managing directors on Monday called on West Bengal Chief Minister, Mamata Banerjee, to discuss about their respective companies. The managing directors- Rana Sinha of Tata Hitachi Construction Machinery Company, Dibyendu Bose of TM International Logistics Limited, Sandipan Chakravortty of Tata Steel Processing and Distribution Limited, Viresh Oberoi of mjunction, and Sanjiv Paul of Tata Metaliks - met at Nabanna, the makeshift state secretariat. Finance and industry minister, Amit Mitra, was also present. "This was just a follow-up meet after Chief Minister's Bijoya Sammilani. She had asked us whether there were any issues. So this meeting was organised to discuss the future of manufacturing," Tata Hitachi managing director, Rana Sinha said. "The Chief Minister was interested in our e-auction of natural resources and asked us whether we could auction five tea gardens owned by the state government in Dooars. We have sought details," mjunction managing director, Viresh Oberoi said. The state government too appeared to be enthusiastic about the meeting. Mitra said, the meeting with the Tata group representatives was very fruitful. "They are planning to expand investments," he said. The Trinamool Congress also tweeted that TCS would create a second campus in Bengal which would create employment for 20,000 people. However, there was no official from TCS at the meeting. It was understood that Tata Metaliks discussed an expansion project in Bengal. Tata Metaliks has a pig iron manufacturing facility at Kharagpur. The company had earlier put a steelmaking project in Bengal on the backburner due to land issues. Tata Metaliks' managing director could not be reached for comments. Though today's meeting was just weeks before the final Singur hearing in Supreme Court, Tata group officials said, it had nothing to do with the case. It, however, seemed that both the parties had decided to put Singur fiasco that led to Tata Motors' pullout, behind. |
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Bharti Airtel defers Q2 results till Nov 14 over ambiguity on AGR verdict Posted on 29th October 2019 |
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Bharti Airtel said on Tuesday it has postponed its second-quarter earnings report to mid-November, as the wireless operator sought clarity on the court ruling asking telecom firms to cough up overdue payments to the government.
Shares of the company, which was expected to release its quarterly numbers later in the day, dropped 3.3 per cent in early trade. |
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Rupee slips 8 paise vs US dollar in early trade amid drop in oil prices Posted on 7th October 2019 |
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The rupee on Monday opened eight paise lower at 70.96 against the US dollar amid drop in crude oil prices and rise in Asian equities. The domestic unit on Friday closed almost flat at 70.88 against after the Reserve Bank of India (RBI) in a widely expected move cut key interest rates by 0.25 percentage point. On a weekly basis, the local unit slumped by 32 paise. |
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LIC pips private insurers in first-year premium growth during April-August Posted on 13th September 2019 |
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In the first five months of the current financial year, first-year premiums of life insurance companies grew by 39.84% (year-on-year) at Rs 1.05 lakh crore as compared to Rs 75,588.35 crore in April-August of 2018-19. Life Insurance Corporation of India (LIC) continued to grow at a faster pace compared to private insurance players, shows the data from the Insurance Regulatory and Development Authority of India (Irdai). |
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Apollo Hospitals rules out further stake sale Posted on 13th September 2019 |
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Apollo Hospitals Enterprise (AHEL) has ruled out further dilution of promoters’ stake in the company. The company also said its Rs 1,337-crore stake sale of Apollo Munich Health Insurance with mortgage major HDFC will be concluded by October. Following these stake sales, the promoters’ pledged position will come down from a high of 76% to 54% by October and eventually to 20% by November or December, company sources said here. |
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World trusts India on Kashmir, not us: Pakistan minister Ijaz Ahmed Shah Posted on 13th September 2019 |
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In a major embarrassment for Pakistan and its Prime Minister Imran Khan, the country's Interior Minister Ijaz Ahmed Shah, a retired brigadier, said the international community didn't believe Pakistan's narrative on Kashmir; instead it is India whose version is trusted. |
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