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Categories for Biz Scan

  • Wipro Chalks Out Biggest Restructuring Exercise

    May 6, 2014 4:08 pm Published by

    Wipro is planning a wide-ranging restructuring to help employees shore up expertise in state-of-the art skills, a move that underscores the need to adapt to the fast-changing role of information technology in enterprises. The Bangalore-based company’s head of human resources... View Article

  • BOI Loans Air India $200 Mn To Buy Three Dreamliners

    May 3, 2014 12:19 pm Published by

    Bank of India (BoI) is evincing interest in extending a loan of $200 million to Air India to finance the acquisition of three Dreamliners, according to sources. The national carrier would use the amount to acquire these Boeing 787s before... View Article

  • Lava Targets Revenues Of Over Rs 6,200 Crore In FY15

    April 26, 2014 4:38 pm Published by

    Domestic handset company Lava targets revenues in the range of Rs 6,200-6,500 crore in the current financial year on the back of smartphone sales that contribute over 60 per cent to its turnover. The company is also in process to... View Article

  • Language, Language Mr Gandhi!

    April 26, 2014 4:33 pm Published by

    As a scion of the Nehru dynasty, one did not expect Rahul Gandhi to use the language he did at a rally at Badol in Chattisgarh, while decrying Narendra Modi. As a political rival Gandhi has the right to criticise... View Article

  • Ajay Shriram Takes Over As New Cii President

    April 19, 2014 5:46 pm Published by

    Industry body CII has elected Chairman and senior Managing Director of DCM Shriram Limited Ajay Shriram as its President. Shriram succeeds Infosys Executive Vice Chairman Kris Gopalakrishnan as the new President. He is the Chairman of the governing body of... View Article

  • Coal India To Hire 25,000 Workers Over The Next 5 Years

    April 12, 2014 10:56 am Published by

    Coal India has decided to add 25,000 workmen over the next five years, a move that is expected to double its productivity per employee and reduce cost of production by about 10 per cent. The average age of employees will... View Article

  • IOC Plans Rs 7,650-Cr Petrochemical Complex At Paradip

    April 5, 2014 12:14 pm Published by

    State-owned Indian Oil Corp (IOC) plans to invest Rs 7,650 crore in setting up a petrochemical complex at its almost complete Paradip refinery in Odisha. “The Board (of IOC) will this month consider setting up a 700,000 tonnes per annum... View Article

  • Singhi Advisors Buy 15 Per Cent Stake In Uk’s Banking Network

    March 29, 2014 2:12 pm Published by

    Investment banking firm Singhi Advisors has acquired 15% stake in the UK-based global investment banking network Mergers-Alliance. The deal makes the Mumbai-based investment bank an equal partner in the global alliance along with its five other founding partners. “We have... View Article

  • Yamaha India’s Sales Up By 32.5 Per Cent

    March 22, 2014 12:52 pm Published by

    Two-wheeler maker Yamaha Motor India Sales Pvt Ltd has reported a 32.5 per cent increase in sales at 42,548 units in February 2014. The company had sold 32,097 units in the same month last year, Yamaha Motor India said in... View Article

  • IOC To Buy Stake In Petronas LNG Project For $900 Million

    March 15, 2014 1:46 pm Published by

    Nation’s largest oil company, Indian Oil Corp. Ltd (IOC), will buy Malaysian firm Petroliam Nasional Bhd’s (Petronas) 10% stake in a shale gas assets and liquefied natural gas (LNG) project in British Columbia for $900 million. The acquisition of stake... View Article