In a crucial move, Tube Investments of India Ltd (TII), a Murugappa group company, on Friday announced that said it has invested 1.5 billion rupees (Rs 150 crore) in Cholamandalam DBS Finance by subscribing to 1 per cent fully convertible cumulative preference shares (FCCPS) of DBS.
A top official working for the company said that the shares have since been allotted to both Tube Investments and DBS.
Reliance Communications (RCom), the part of the Anil Dhirubhai Ambani Group, is riding high these days.
The company announced that its total subscriber base has gone up to 69.38 million as it added 3.38 million new customers on both GSM and CDMA networks during the last month (Feb 2009).
RCom had claimed over 5 million additions for the month of January (2009).
HP has joined hands with World Wide Fund for Nature-India (WWF) as the Green technology partner to launch Earth Hour 2009 in order to deal with the causes and consequences of climate change.
HP will partner with WWF- India in favor of the Earth Hour campaign to drive greater community consciousness and action around behaviour affecting climate change, cheering individuals and organizations to make a difference in the battle against global warming.
San Francisco - National Semiconductor Corp, one of the world's largest manufacturers of mobile phone chips, will cut over 1,700 workers, or about a quarter of its work force, the company said Wednesday.
The layoffs will hit all areas of the company and will be carried out in two phases with 850 redundancies occurring immediately and 875 taking place over the coming months, the Silicon Valley-based company said.
The world's cheapest car, Nano is expected to hit roads from Sanand plant in Gujarat by end 2010, according to top officials of the company. Large scale construction activities for buildings and pre-engineering structures are going on at full swing at Sanad, near Ahmedabad.
Subhiksha Trading Services may face strict actions from the Employee Provident Fund Office (EPFO) as the firm failed to pay provident fund dues within the given 15 day deadline.
The EPFO threatened to attach the personal bank accounts of Subhiksha MD, R Subramanian and properties of the retail chain to recover dues worth Rs 1.76 crore.
Meanwhile, company's MD has expressed his desire to pay the dues against laws and the PF Commissioner may take further decision regarding it in few days.
In a crucial move, Tube Investments of India Ltd (TII), a Murugappa group company, on Friday announced that said it has invested 1.5 billion rupees (Rs 150 crore) in Cholamandalam DBS Finance by subscribing to 1 per cent fully convertible cumulative preference shares (FCCPS) of DBS.
Reliance Communications (RCom), the part of the Anil Dhirubhai Ambani Group, is riding high these days.
HP has joined hands with World Wide Fund for Nature-India (WWF) as the Green technology partner to launch Earth Hour 2009 in order to deal with the causes and consequences of climate change.
San Francisco - National Semiconductor Corp, one of the world's largest manufacturers of mobile phone chips, will cut over 1,700 workers, or about a quarter of its work force, the company said Wednesday.
The world's cheapest car, Nano is expected to hit roads from Sanand plant in Gujarat by end 2010, according to top officials of the company. Large scale construction activities for buildings and pre-engineering structures are going on at full swing at Sanad, near Ahmedabad. 
Subhiksha Trading Services may face strict actions from the Employee Provident Fund Office (EPFO) as the firm failed to pay provident fund dues within the given 15 day deadline. 
