In the Dhanlaxmi Bank, prominent non-resident Indian (NRI) businessman MA Yusuffali has acquired 4.99 per cent stake. He has also acquired close to five per cent stake each in Federal Bank and Catholic Syrian Bank (CSB) this year itself.
Author: admin (Infratructure Today)
Post
Post
Postal Dept cuts fund proposal to Rs 623 cr
To start banking operations, the Indian Department of Posts (DoP) had projected earlier the need of about Rs 1,900 crore. Now the DoP has has lowered the amount to about Rs 623 crore. The DoP has applied for a banking licence.
Post
Bank Indonesia to revive India operations
After a gap of nearly five years, Bank Internasional Indonesia is reviving its operations in India under its new promoter, the Malaysia-based Maybank group. Commercial banking operations of the bank will resume with a capital of $28 million from its single-branch office in Mumbai with an initial focus on corporate banking.
Post
Indian steel output growth lower than world average
In September, India's steel production growth fell short of the world average with the country clocking 4.7 per cent growth compared to the world average of 6.1 per cent. The World Steel Association (WSA) said India's steel output grew to 6.54 million tonne (mt) in September from 6.24 mt during the same month last year.
Post
Sales of NMDC up by 8% in April-September
In the first half year of this fiscal ended September 30, 2013, NMDC, the country's largest iron ore mining company, has reported a 8 per cent rise in sales of iron ore. The company has said it sold 13.75 million tonne of iron ore between April-September 2013, up from 12.72 million tonne in the same period last year.
Post
India will go for gas, oil deal with Russia
India will not be wrapping the deal on Koodankulam 3 and 4 Energy pact with Russia.
Instead the country will push for an energy pact with Russia that could see a parallel twin gas and oil pipeline bringing energy overland into India. Indian Prime Minister Manmohan Singh arrived in Moscow on a two-day visit for the 14th India-Russian annual summit at the invitation of President Vladimir Putin on October 20.
Post
OVL, OIL to share Videocon stake equally
The 10 per cent stake in Videocon Group's giant Mozambique gas field bought by ONGC Videsh (OVL) and Oil India for $2.475 billion will be shared equally. OVL, the overseas arm of State-owned Oil and Natural Gas Corp (ONGC) and OIL had jointly bought Videocon Group's 10 per cent interest in the Rovuma Area-1 for $2.475 billion.
Post
Adani Ports may buy Dhamra port in Odisha
In Odisha, Adani Ports and Special Economic Zone (APSEZ) has reportedly interested to buy Dhamra Port Co (DPCL), a venture of Larsen and Toubro and Tata Steel, early this year for about Rs 5,000 crore, say media reports quoting sources in the companies mentioned. APSEZ is set to buy Dhamra port after its operator secured environmental and coastal clearances for its second phase of expansion.
Post
Chennai port fixes rates for container facility
The Union government owned Chennai port has fixed rates for a new container loading facility it is building with private funds on par with the rates fixed for a container terminal at Jawaharlal Nehru port, also State-owned, near Mumbai.
Post
Mormugao Port seeks nod for Rs 200 cr coal handling project
To establish a mechanised system for coal and coke handling facility at berth No 11 in Mormugao Port, the Mormugao Port Trust (MPT) has sought the approval of the Goa State Pollution Control Board (GSPCB). The estimated cost of the project is around Rs 200 crore and two million tonne of coal and coke would be handled per annum.