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Sumit Moitra

  • US tech firm OnProcess on prowl in India

    OnProcess Technology Inc, a US-based IT company in the field of supply chain and logistics management, is looking for acquisition opportunities in India. "We are targeting companies of sizes up to about $25 million with staff strength of about 250-300 in verticals in which we are already present,"...

    Tuesday, 23 September 2014 - 7:10am
  • CESC to raise $150 million via QIP for expansion

    Power producer and retail player CESC Ltd has decided to raise about $150 million on a private placement basis to fund its ongoing and future projects and expansions. The RP-Sanjiv Goenka group would be issuing equity shares or convertible debentures to Qualified Institutional Buyers, the board of...

    Tuesday, 23 September 2014 - 6:25am
  • Viom to list if stake sale talks fail

    Viom Networks, a telecom tower joint venture between Tata Teleservices and Srei Infrastructure, may go for listing if strategic stake sale doesn't happen. Several prospective investors have reportedly backed out with American Tower Co still in the race. "The negotiation process (for stake sale) is...

    Monday, 22 September 2014 - 6:30am
  • Bandhan to be ready with 600 branches before banking debut

    The Kolkata-based Bandhan, one of the two firms (other being IDFC) to get the RBI nod earlier this financial year to start banking operations, is planning to launch its bank before the next festive season in 2015. In order to make a big impact ahead of the start of its full-fledged lending business...

    Saturday, 20 September 2014 - 5:55am
  • Adhunik Industries eyes buyouts of steel units, plans QIP

    Adhunik Industries, which got listed in May, has zeroed in on a new way to grow in size: It is looking at acquiring beleaguered steel making units, scatted across the eastern region, many of which have shut shop in recent times. The banks which had lend money to these firms have approached Adhunik...

    Friday, 19 September 2014 - 5:20am
  • Burying relics of Raj, SAIL completes Burnpur modernisation

    Revamp including cost overruns cost Rs 17,000 cr

    Thursday, 18 September 2014 - 5:20am
  • Monnet wants Indonesian government to ease mining policies

    Monnet Ispat and Energy is engaged in negotiations with the Indonesian government asking it to dilute some strict conditions put forth just as the company is about to start coal mining operations. The conditions laid down by the government include steep hike in mining royalty, giving back idle mine...

    Tuesday, 16 September 2014 - 6:20am
  • Hind Motors lenders gets 11% stake in lieu of interest forgone

    Hindustan Motors has stopped producing the iconic Ambassador car for sometime and its Mitsubishi car assembly plant has been divested. Yet, a handful of financial institutions are picking up stakes in the company afresh.

    Monday, 15 September 2014 - 7:38am
  • Counting on growing no of babies, Cordlife sees opportunities here

    Witnessed 50% volume growth and about 80% in value terms in India last year; Invested closed to Rs 72 crore so far

    Saturday, 13 September 2014 - 5:35am
  • Coal India buys peace with ministry, settles for 7% e-auction

    Coal India Ltd (CIL) has agreed to keep its e-auction sales at 7% of its total sales from 12% done in FY14 following a backlash from the ministry. The company is also on the verge of settling a dispute with NTPC, which had sparked a controversy alleging that the former over-charged it for supplying...

    Thursday, 11 September 2014 - 6:05am