Chola DBS sells mutual fund business to L&T FinanceSeptember 25th, 2009 CHENNAI - City-based Cholamandalam DBS Finance, a non-banking finance company, has decided sell its mutual fund subsidiary Cholamandalam Asset Management to L&T Finance for Rs.45 crore. "We have been taking several initiatives to strengthen the company's core business.
Chhattisgarh chief minister's chopper to have satellite phoneSeptember 6th, 2009 RAIPUR - Days after Andhra Pradesh Chief Minister Y.S. Rajasekhara Reddy died in a chopper crash, authorities in Chhattisgarh have decided to take extra precautions like setting up a high-frequency satellite phone in Chief Minister Raman Singh's helicopter.
Economy could grow 7 percent despite drought: India IncAugust 21st, 2009 BANGALORE - India Inc Friday hoped the economy would grow close to 6-7 percent this fiscal despite drought in many parts of the country. "The economic growth may take a marginal hit of 0.5-1 percent due to drought in large parts of central and northern India, which has come after seven years of good rains," Confederation of Indian Industry (CII) president Venu Srinivasan told reporters here.
HAL delivers four Cheetal copters to Indian Air ForceJuly 25th, 2009 BANGALORE - State-run Hindustan Aeronautics Ltd (HAL) Saturday delivered four Cheetal helicopters to the Indian Air Force (IAF) at Barrackpore in West Bengal. Six more copters ordered by the air force will be delivered by September, the company said in a statement here.
Defense chief says president's new chopper deserves to be scrapped, defends other cutsMay 13th, 2009 Gates: New presidential chopper too expensiveWASHINGTON — Defense Secretary Robert Gates is defending his plan to scrap a new presidential helicopter now in development and start over. Gates told Congress Wednesday the replacement helicopter is an example of a Defense Department purchasing system that is broken and there is no reason to pay $400 million a copy for the planned chopper.
United India Insurance mulls overseas forayMay 4th, 2009 CHENNAI - Public sector non-life insurer United India Insurance Co Ltd is planning to launch overseas operations shortly, a top official said here Monday. Announcing the company's performance for fiscal 2008-09, G.
Ambani chopper technician's family wants CBI to probe his deathApril 29th, 2009 MUMBAI - Family members of aircraft technician Bharat Borge, who discovered the plot to sabotage industrialist Anil Ambani's chopper, Wednesday demanded that his death be probed by the Central Bureau of Investgiation (CBI). According to his cousin Sambhaji Botre, the family is not convinced by the explanation that he committed suicide.
Man who discovered Anil Ambani chopper sabotage found deadApril 28th, 2009 MUMBAI - The technician who discovered the plot to sabotage industrialist Anil Ambani's chopper last Thursday was found dead Tuesday under mysterious circumstances. Police said they have recovered a 'distress note' from Bharat D.
Man who found Anil Ambani chopper sabotage found deadApril 28th, 2009 MUMBAI - The technician who discovered the plot to sabotage industrialist Anil Ambani's chopper last Thursday has been found dead, a company spokesman said here Tuesday evening. 'Air Works Indian Engineering Pvt Ltd received a call from the Mumbai Railway Police this evening that they found the body of Bharat Borge, our seniormost technician, on the railway tracks near Vile Parle,' the company spokesman told IANS.
Four detained for suspected sabotage of Ambani chopperApril 24th, 2009 MUMBAI - Four people have been detained in connection with Thursday's suspected sabotage of industrialist Anil Ambani's chopper that he was supposed to have flown from the Mahalaxmi Race Course helipad to his office in Navi Mumbai before the incident was detected. 'We are still investigating the matter and questioning the people concerned with the helicopter's maintenance,' said Senior Inspector S.M.
CII preparing report on land acquisition normsApril 7th, 2009 KOLKATA - The Confederation of Indian Industry (CII) is preparing a report on land acquisition norms to help the government come up with a uniform policy, protecting the interests of both the industrial and the agricultural sectors. 'There should be transparent land bank available in every state for the purpose of industrial set-up so that the government can assure of continuous tract of land for industrialisation,' CII president Venu Srinivasan told reporters here Tuesday.
CII chief rules out price reduction in auto sectorMarch 31st, 2009 NEW DELHI - The auto sector has no scope for any further price reduction, according to TVS Motor chairman and managing director Venu Srinivasan, the newly-elected president of industry group Confederation of Indian Industry (CII). 'The auto sector is among the worst-hit sectors and the higher interest rate has further hit the profit margins of auto companies,' Srinivasan told reporters after taking over as CII chief Tuesday.
Venu Srinivasan is new CII presidentMarch 27th, 2009 NEW DELHI - TVS Motor chairman and managing director Venu Srinivasan has been elected the new Confederation of Indian Industry (CII) president for 2009-10. He succeeds in that post ICICI Bank chairman K.V.
Wrong landing of chopper: Himachal says no need for probeFebruary 22nd, 2009 SHIMLA - The Himachal Pradesh government does not plan to conduct an inquiry into the incident in which a chopper used by VVIPs landed at the wrong place in Una town, an official said. 'There is no need for conducting any inquiry into the incident (in which the chopper landed at a wrong place).
Air India pilot sights chopper on Mumbai runway, aborts take-offFebruary 8th, 2009 MUMBAI - A tragedy was averted Monday when the pilot of a New Delhi-bound Air India flight aborted take-off from the Mumbai airport after he spotted an army chopper landing on the same runway. The helicopter was part of President Pratibha Patil's entourage, an Air India spokesperson said.
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