Mumbai, May 11: Market regulator Sebi has imposed a fine of Rs 5 lakh on a stock market expert for allegedly misleading investors by providing them false information on a leading business channel. Stock expert Pradeep Bhavnani allegedly gave false information about himself and his trade in shares of the United Western Bank, the Securities and Exchange Board said in its order today.
New Delhi, May 11: French retail giant Carrefour will start wholesale cash-and-carry business in India within the next two to three months with the opening of its first store in Delhi. The company, which has been scouting for partners in India, is still exploring options, including the franchise route for further growth in India.
New Delhi, May 11: Commerce minister Anand Sharma and his Singaporean counterpart, Lim Hng Kiang, today signed a special scheme for registration of generic medicinal products from India that seeks to fast-track the registration process for domestic off-patent medicines in Singapore.
New Delhi, May 11: The Tiana Group plans to join hands with Japanese industrial behemoth Mitsubishi Corporation for setting up 90 power projects across the country.
Mumbai, May 11: Air India has tied up with Standard Chartered Bank for a short term loan of $475 million for acquisition of three Boeing 777 aircraft.
Mumbai, May 11: Trent Ltd, a retail chain of the Tata Group, will raise Rs 500 crore through a rights issue. The committee of the board of directors of the company has proposed to issue convertible preference shares to the shareholders.
Mumbai, May 11: Hindalco Industries has posted a net profit of Rs 663.92 crore for the fourth quarter ended March 31, 2010, compared with Rs 268.76 crore in the same period of last year.
