Will make Mindtree a big firm with acquisition: L&T Group Chairman AM Naik

Elaborating on Mindtree promoters' opposition to the hostile takeover bid, Naik said they are obviously attached to their company, but have started to realise that L&T is employee-centric.

published on : 19th May 2019

Banking consolidation kicks in, more mergers & acquisitions in FY20

After years of hand-wringing, the great Indian banking consolidation kicked off in FY19 and experts predict there would be more action during the current financial year.

published on : 10th April 2019

Rs 4 crore allotted for modern seafood processing unit

The government will also mobilise Rs 7.94 crore from the Ockhi relief fund for purchasing 120 FRP boats for fisherfolks affected by the cyclone.

published on : 6th March 2019

Approval granted for purchase of defence equipment worth Rs 2,700 crore

It granted approval for procurement of three cadet training ships for the Indian Navy, which would be utilised to provide basic sea training for officer cadets including women officer undertrainees.

published on : 27th February 2019

Karnataka amends Land Acquisition Bill to fast track projects

It was considered necessary to amend the Bill after the state faced difficulties in acquiring land under the provisions of the Principal Act.

published on : 14th February 2019

LIC completes acquisition of 51 per cent stake in IDBI Bank

With this deal, LIC will have a strategic investment in a large bancassurance channel, thereby increasing its productivity and reducing distribution costs.

published on : 21st January 2019

Kuppam-Marikuppam rail line stalled over land acquisition in Andhra Pradesh

The 23.88-km Broad Gauge line connecting the two states was sanctioned in the Railway budget 2012-2013, with the project cost estimated to be Rs  279.54 crore.

published on : 14th January 2019

Ensure compensation before NH land acquisition, says MLA Hibi Eden

Hibi Eden said he had suggested to the government and NHAI officers to introduce elevated highway by which hassles regarding land acquisition can be avoided.

published on : 4th January 2019

DRDO weapon systems worth Rs 2.75 lakh crore to be inducted in defence forces

Satheesh Reddy said that Defence Acquisition Council has granted its approval for DRDO technology-based products worth Rs 2.75 lakh crore.

published on : 3rd January 2019

Land Acquisition Officer pulled up for compensation to third party

While the petitioner claimed ownership over the property, her relatives sold it to Shenbagaraman through a power-of-attorney.

published on : 3rd January 2019

ONGC in trouble as acquisitions raise debt, investor confidence shaky

In addition, ONGC has recently taken a risk in buying back 25 crore shares for `4,022 crore as part of the government’s plan to get cash-rich PSUs to part with their surplus.

published on : 27th December 2018

Tension as farmers resist government bid to acquire land

A large number of revenue and police officials went to Motumarla village to acquire 210 acres of agriculture land located on Dharmavaram-Puttaparthi road for construction of houses.

published on : 13th December 2018

Maharashtra stays land acquisition for Nanar refinery after talks with Sena

The Sena, a ruling ally of the BJP-led state government, has been opposing the project on the grounds that it is against the interest of the farmers and would destroy ecology in Ratnagiri district.

published on : 28th November 2018

Telangana elections: Five oustees continue to fight Goliath TRS in Bailampur

Since late 2016, when the government issued a notification for the acquisition of land in Bailampur, the village has become a bastion of opposition directed against the TRS government.

published on : 17th November 2018

Microsoft to buy AI bot development firm XOXCO

The Texas-based firm has been developing a conversational Ai from the last five years.

published on : 16th November 2018
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