DLF, the country's largest property developer, plans to seek shareholder approval to raise as much as Rs 10,000 crore from institutional investors for its development plans, over the next 12 months.
According to the company, the shareholders will pass an enabling resolution to this effect in the next annual general meeting which will be held on September 30. The company may sell shares to investors within 12 months of getting the approval.
Mumbai, Aug 27: The Bharat Sanchar Nigam Ltd (BSNL) will switch over to the Call-Detail-Record (CDR) billing system for its 3.5 crore landline subscribers in the next couple of months.
"Our landline billing system as of now works on the conventional technology, and we are unable to give a customised offer to subscribers. But very soon all that will be a thing of the past," BSNL Deputy Director General, (Enterprise Business), Sunil Kumar said.
Bharti Retail, the retail venture between Bharti Group and Wal-Mart, the world's largest retailer, has entered into strategic partnership with IBM India. This collaboration is a progression of an existing four-year relationship between the Bharti Group and IBM.
Under the ten-year deal, IBM will provide best technology and services that will enable Bharti Retail to scale up operations in the long term.
The latest alliance is in line with Bharti Retail's efforts to be a customer-centric and trusted retailer.
Bucharest - Ford Motor Co's Romanian plant saw profits drop by more than 26 per cent in the first half of 2008 on weaker sales, news reports said Tuesday.
Net income at the Craiova plant, which is being upgraded to start vehicle production next year, fell to 1.08 million lei (454,000 dollars), the Mediafax news agency said. Sales fell by 4 per cent, the report said.
Ford last year agreed to pay Romania's government 57 million euros (79 million dollars) for a 72-per-cent stake in the plant, which was originally taken over by South Korean automaker Daewoo in the 1990s.
The move confirmed Romania as a rising auto industry hub after Renault's Dacia unit racked up strong sales with budget-priced cars.
DLF, the country's largest property developer, plans to seek shareholder approval to raise as much as Rs 10,000 crore from institutional investors for its development plans, over the next 12 months.
Mumbai, Aug 27: The Bharat Sanchar Nigam Ltd (BSNL) will switch over to the Call-Detail-Record (CDR) billing system for its 3.5 crore landline subscribers in the next couple of months.
Bharti Retail, the retail venture between Bharti Group and Wal-Mart, the world's largest retailer, has entered into strategic partnership with IBM India. This collaboration is a progression of an existing four-year relationship between the Bharti Group and IBM.
