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Russian govt to buy 20% in Sistema Shyam for $600 mn
The Russian Government has approved equity investment in Sistema Shyam TeleServices Ltd. (SSTL). The Russian government will buy 20% stake for USD 600 million.
HSBC faces thorny issues in hunt for new chairman
For a bank that prides itself on smooth successions, HSBC is suddenly scrambling to pick its next chairman.
TVS Motor to invest Rs 400 crore in 2 years
TVS will invest Rs 400 crore in the next two years and has set itself a turnover target of Rs 10,000 crore by 2012, reports CNBCTV18.
Japan economy to show moderate growth despite strong yen
Japan\'s economy is set to stay on a moderate recovery trend and the chance of a doubledip recession is fairly slim despite recent sharp gains in the yen that are likely to hurt exports, a monthly Reuters poll shows.
BP happy to talk to Russian firms about asset sales
Oil giant BP is open to talks about selling assets to Russian companies as part of its USD 30 billion fund raising programme to help pay for the Gulf of Mexico oil spill, the group\'s Russia chief said on Wednesday.
Satisfactory close for Nifty despite weak global mkts
It was an unexceptional kind of a trading day. This was not bad considering that Asia had a bad day. European markets were all down across the board and the US market was also indicating a negative start.
Shilpi Cable seeks regulator nod for Rs 55.88 crore IPO
Radio frequency cable maker Shilpa Cable Technologies Ltd said on Wednesday it has filed an application with India\'s market regulator to raise Rs Rs 55.88 crore through an initial public offering (IPO) of shares.
BoA Merrill sees low chance of doubledip
The global economy has a 25% chance of seriously worsening again, but it would take a major event to cause a doubledip recession, Bank of America\'s investment banking chief told investors on Wednesday morning.
Global pension funds focus on risk after crisis
Major pension fund managers are worried about funding shortfalls and improving their risk management techniques after the yearslong financial crisis, according to a survey to be released on Wednesday.
India power producer Greenko shuns solar for wind
London listedclean energy producer Greenko is focusing on wind and hydro power to feed the hungry Indian energy market, ruling out solar for at least three to four years.