RBI relaxes gold import regulations for banks
Mumbai: The Reserve Bank of India (RBI) has allowed nominated banks to import gold, including coins, on a consignment basis, extending its clarification issued in November 2014, which had eased certain categories of gold imports.
Equity MFs increase cash holdings by 80 bps in January
Mumbai: Cash holdings of equity mutual funds in India rose by 80 basis points in January 2015, with the aggregate cash pile reaching Rs 12,000 crore (US$ 1.92 billion) by the end of the month.
ACME Group to invest Rs 600 crore in Punjab solar projects
New Delhi: ACME Group plans to invest Rs 600 crore (US$ 96.37 million) to develop 74 megawatt (MW) of solar photovoltaic (PV) power projects in Punjab.
Heritage Foods to invest Rs170 crore over next four years
Heyderabad: Heritage Foods Ltd plans to invest Rs 170 crore (US$ 27.34 million) over the next four years in two of its core divisions, moving into newer markets in the dairy business and doubling the floor space of its retail business, as it plans to become a US$ 1 …read more
Commodity-wise freight revenue earnings of railways goes up by 12.43 per cent during April 2014-January 2015
New Delhi: The Indian Railways has generated Rs 86,009.27 crore (US$ 13.83 billion) of revenue earnings from commodity-wise freight traffic during April 2014-January 2015, an increase of 12.43 per cent over the corresponding period of the previous year.
IndiGo selects Rockwell Collins’ avionics systems for A320neo aircraft
Mumbai: IndiGo has selected Rockwell Collins Inc.’s advanced avionics systems, including its weather radar and multi-mode receiver, for its Airbus A320neo family of aircraft.
PizzaExpress plans to expand India base
New Delhi: PizzaExpress plans to invest around Rs 150 crore (US$ 24.12 million) to launch 50 restaurants across the country over the next five years.
Berger Paints to set up a plant in Russia
Bharat Forge partners Boeing for supply of titanium forgings
Vodafone expands 3G network in Sikkim
New Delhi: Vodafone India has launched its 3G services in North Sikkim Lachen, further expanding the reach of its high-speed broadband services after having launched in Lachung.