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Business Briefs 12-05-2014

Airport fee stays same ONGC plan Dena Bank Steel pact Verifying filings Mauritius FDI Happiest Minds

The Telegraph Online Published 12.05.14, 12:00 AM

Airport fee stays same

New Delhi, May 11: Airport charges and user development fee at Delhi and Mumbai, which were to be revised last month, will continue to remain the same till the end of October, official sources said today. Airport charges, paid by airlines to airport operators such as Delhi International Airport Limited and Mumbai International Airport Limited, include those relating to landing and parking, fuel throughput, common user terminals and housing and parking.

ONGC plan

New Delhi, May 11: ONGC Videsh Ltd, the overseas arm of state-owned Oil and Natural Gas Corp (ONGC), is likely to bid for deep-sea oil and gas blocks in Tanzania as it looks to expand its presence in energy-rich Africa. Tanzania is offering eight blocks in its fourth offshore licensing round, bids for which close on May 15.

Dena Bank

Mumbai, May 11: Dena Bank has sought Rs 1,200 crore in capital from the Centre in fiscal 2015 on the basis of its targeted business growth. “We are looking at a business growth of 18-20 per cent. We have written to the government seeking Rs 1,200 crore on the core capital front during the fiscal,” chairman and MD Ashwani Kumar said.

Steel pact

New Delhi, May 11: State-owned steel firms — KIOCL, NMDC and RINL — have decided to set up a 13-million-tonne per annum slurry pipeline between Nagarnar and Vizag for carrying iron ore with a Rs 3,500-crore investment.

Verifying filings

New Delhi, May 11: The government has said strict action will be initiated against professionals who certify submissions by companies submitting misleading information in their filings.

Mauritius FDI

New Delhi, May 11: Foreign direct investment (FDI) inflows from Mauritius have almost halved during the April-February period of the last fiscal to $4.48 billion, the department of industrial policy and promotion said.

Happiest Minds

Bangalore, May 11: IT solutions company Happiest Minds Technologies has reported a 122 per cent revenue growth (in dollars) in 2013-14 and an annualised run rate of $34 million.


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