Category: Business

Dubai Mall defines Dubai as global fashion capital

  Shaily Kalra Dubai Mall recently opened the gateway of fashion for the whole world by celebrating Style Couture with the third edition of Vogue Fashion. The event was organised jointly by Vogue Italia and Emaar groups. It was for the first time that Dubai witnessed a mega fashion event at such a grand scale.

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Masala Bonds Offer India Firms Funding Diversification

Newsroom24x7 Desk Mumbai/Singapore: The opening of a ‘Masala’ bond market, where Indian firms issue bonds offshore in rupee, will provide an opportunity for some larger issuers to diversify funding sources without taking on currency risks, says Fitch Ratings. The ability to diversify funding, according to Fitch, would be credit positive, but in the early stages of

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IDFC’s IDR is driven by its standalone credit strength

Singapore/Mumbai: Fitch Ratings has today affirmed India-based IDFC Limited’s (IDFC) Long-Term Issuer Default Rating (IDR) at ‘BBB-‘ with Stable Outlook. The rating has simultaneously been withdrawn. KEY RATING DRIVERS Fitch is withdrawing IDFC Limited’s rating as the rating is no longer considered to be relevant to the agency’s coverage because the company has demerged its

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MP offers conducive atmosphere for Industry: Shivraj Singh Chouhan

Newsroom24x7 Desk Bhopal: Carrying forward his regular meetings with investors, Madhya Pradesh Chief Minister Shivraj Singh Chouhan today met CEO and MD of Procter & Gamble home products Al Razvani and CE0 of Artisan Agrotech Deb Mukherjee here today. During his inetraction with the two industry top brass, the Chief Minister said that Madhya Pradesh

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GST Bill may get an extended session of Parliament: Venkaiah Naidu

Newsroom24x7 Desk New Delhi: Parliamentary Affairs Minister M. Venkaiah Naidu indicated that GST bill is a top poriority of NDA government and the Union government is seriously contemplating upon having an extended session of Parliament with an objective of getting the GST Bill passed. Government will decide the dates for that session during this week,

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High Court orders winding up of Enbee Plantation

Newsroom24x7 Desk Bhopal: As Enbee Plantation Limited has failed to settle the dues of the investors/debenture-holders even after 11 years of the order issued on 7 April 2004 to pay within 18 months of the approval of the modified scheme for payment of dues, the Madhya Pradesh High Court on August 11 ordered that the

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Essar played a direct role in funding transactions linked with Loop Telecom: CBI tells court

Newsroom24x7 Desk New Delhi: During final arguments, a special Court here was told by Central Bureau of Investigation (CBI) that the Essar Group of companies had provided most of the money for transactions linked with a case in which the group promoters and Loop Telecom are defending charges. The case now being heard in the final stage arises from

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Mahindra & Mahindra is worried about reputation as counterfeit spares hit the market

Lalit Shastri Mahindra & Mahindra, the Indian auto giant facing the impact of a big drop in the Q4 2015 net profit due to lower sales, also has been rocked by counterfeit, fake and sub-standard automotive components allegedly being passed on as original Mahindra product by some “unknown persons” in Delhi and other parts of the country. The case in point is the

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Mobile Number Portability: TRAI recommendations to be implemented within two months

Newsroom24x7 Desk New Delhi: The Government of India has approved the recommendations on Full Mobile Number Portability (MNP) presented by the Telecom Regulatory Authority of India (TRAI) on November 3, 2014 and decided to extend the date of implementation of the full MNP in the networks by two months. The TRAI recommendations were to be

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Japanese business leaders ready to invest USD 3 billion in India

Newsroom24x7 Desk New Delhi: The Japanese Minister of Economy, Trade and Industry Yoichi Miyazawa conveyed to Indian Prime Minister Narendra Modi, when he called on him yesterday, that he had come with a delegation of top business leaders, who have firm plans to invest USD 3.0 billion in India in the immediate future. The investment

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Extortion calls by insider for ‘protection money’ and Rs. 42 000 crore deal between Avantha Group and Adani Power

Lalit Shastri Did this insider have access to some sensitive information having a direct bearing on the Korba Power project deal? Extortion calls for ‘protection money’ for the Rs. 42 000 crore acquisition agreement between Avantha Group and Adani Power Limited led to the arrest of a senior corporate executive of a Thapar-Avantha Group company.

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Global crude oil price of Indian Basket was US$ 57.44 per barrel on April 14

Newsroom24x7 Desk New Delhi: The international crude oil price of Indian Basket as computed/published today by Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas was US$ 57.44 per barrel (bbl) on 14.04.2015. This was lower than the price of US$ 57.56 per bbl on previous publishing day of 13.04.2015.

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Over to Hanover Fair 2015: Modi will be top speaker at the opening ceremony

Newsroom24x7 Desk Hanover (Germany): The Stage is all set for the inauguration of Hannover Messe 2015 or the Hanover Fair today by German Chancellor Angela Merkel and Indian Prime Minister Narendra Modi, who will be the chief speaker at the inaugural event. The Hanover Fair will commence with the Indo-German Business Summit. During the summit Prime

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