Aircraft manufacturer Embraer has agreed to pay over $205 million (over Rs 1,371 crore) as settlement with American and Brazalian authorities for resolving corruption charges in India and three other countries.
The company, which has recently completed acquisition of the Modi Tyres Co, will make the fresh investments at thelatter's Modipuram facility.
In auctions held this weekend, nine much-desired cars were on the block.
Countering Grupo Mexico's bid to acquire US-based bankrupt miner Asarco, Vedanta Resources group firm Sterlite Industries today said it has increased the cash component of its offer by about $500 million to nearly $2.1 billion.
Prime Minister Narendra Modi, in his maiden Independence Day address, had made several promises to the nation.
While making the announcement, Anil Ambani, chairman of ADAG, said, the partnership with Spielberg and Snider is the cornerstone of the company's Hollywood strategy.
This is the fifth time that the Mukesh Ambani-led company is raising long-term debt this fiscal.
Of this, nearly 80 per cent of demand is expected to come from the Rs 300,000-500,000 segment, it said. Over 32 per cent of potential buyers are looking at making purchases in the next 6-12 months. The highest requirement is from Mumbai and the NCR, which require 0.4 million units and 0.54 million units, respectively, with corresponding investment of Rs 64,700 crore (Rs 647 billion) and Rs 87,600 crore (Rs 876 billion).
The studies found that out of 102 million hectares of irrigation potential created by the end of the Xth Five Year Plan, 87.2 million hectares were utilised -- leaving a gap of 14.8 million hectares. Studies carried out by the IIMs at Lucknow, Ahmedabad, Kolkata and Bangalore have observed that the gap between the irrigation potential created and utilised has widened considerably through various plans.
The iconic Statue of Liberty will remain closed to the public for nearly a year as it undergoes a renovation worth over $27 million to make the monument more safe and accessible. The National Park Service will keep the monument open to the public till October 28, after the 125th anniversary celebrations of the statue's dedication. It will be closed the following day as work commences. However, Liberty Island, where the copper statue is located, will remain open.
Technology market research firm Tech Market View said the contract, which is one of Wipro's largest deals group-wide, signals the growing influence of offshore-centric IT-BPO players in large scale UK outsourcing market.
The fund is being set up in association with two off-shore partners -- HSH Nordbank, (HSH) Germany and Noor Financial Investment Company of Kuwait. HSH Nordbank is a major financier in the transportation sector especially in shipping and aviation. In India, it has participated in debt financing for the modernisation of the Delhi airport. Noor is the financial arm of NIG Group, a conglomerate.
The report by the Institution of Mechanical Engineers on global food wastage found that as much as 50 per cent of all food produced around the world never reaches a human mouth.
Ban on US-EU import of meat & poultry products could, if we get active, allow us to access a $128-billion market.
India's forex reserves decreased by $601 million to stand at $162.659 billion during the week ended on July 14
Telephone subscribers in the country is expected to reach 300-400 million by 2010 from 100 million currently, Sunil Bharti Mittal, chairman and MD, Bharti Airtel said.
Alleging that Khan has links with international arms dealer Adnan Khashoggi, Khambatta said: "In 2003, $300 million was apparently received by Khan from Khashoggi from weapon sales."
FLAG Telecom, the global telecom arm of the Anil Ambani-led Reliance Communications, is believed to have won a $35 million worth international deal for providing international bandwidth to China Netcom.
According to Venture Intelligence, PE/VC investors have already invested $93 million in 10 education companies so far in 2011, led by a Rs 100 crore (about USD 22 million) investment in vocational training and placement firm Teamlease Services.
Brazilian club Corinthians has joined the race to sign Carlos Tevez, making a 36 million pound shock bid for the ace Argentine striker.
Pearson owns various businesses, including the Financial Times Group, Pearson Education and the Penguin Group. Educomp is an education services provider, while Bangalore-based TutorVista is an online tutoring company.
Digital media entity Specific Media would team up with Grammy-award winning singer Justin Timberlake to buy MySpace.
Rediff reader Heera Nawaz tells us how her Zoology teacher's words helped her overcome a difficult situation.
A former top executive of Citigroup has been charged for allegedly siphoning off more than $19 million from the bank, the latest in a string of frauds that have come to light at the global banking giant.
In a joint statement, SolarCity and Google 'announced the creation of a new $280 million fund to finance residential solar projects'.
Leading carrier British Airways has posted a loss of 401 million pounds for the year ended March 31, 2009, reportedly its biggest loss in more than 20 years, primarily hit by reduced passenger numbers and high fuel prices.
The closing of the transaction is subject to receipt of applicable regulatory approvals in China.
IT firm MphasiS on Monday said it will acquire US-based Digital Risk for $175 million (about Rs 960 crore), a move that will help it attain leadership position in the US mortgage services market.
RJio is targeting the existing base of high-value customers.
The international trademark registration touched the one-million mark this month, more than a century after the first trademark was registered by a Swiss chocolate maker.
Foreign exchange reserves increased $987 million to $155.196 billion for the week ended April 14, 2006, according to the weekly supplement released by the RBI on Friday.\n\n
A painting by Chinese contemporary artist Qi Baishi was sold for $65 million, a record high price for contemporary and modern Chinese paintings and calligraphy by Beijing-based China Guardian.
The number of telecom subscribers in the country grew by 4.12 crore (41.2 million) in 2005-06 to touch 13.96 crore (139.6 million). \n
Funds will invest in new technology companies involved with climate change mitigation.
Sahara One Media & Entertainment Ltd said it will raise 50 million dollars through issue of equity shares or Foreign Currency Convertible Bonds in international markets.
MphasiS serves clients in multiple industries, including financial services, transportation, technology and health care.
Pandit has been taking home a token one dollar salary from Citigroup since 2009.
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