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The $70-billion domestic construction enterprise is poised to grow at 15 per cent annually from the current 10 per cent to touch $120 billion by 2012, with the additional manpower requirement proportionally growing to over 9 crore ‘man-years’ in the next five years, according to a new study...

MUMBAI: Tata Tea’s decision to sell its 25% stake in Energy Brands Inc USA to Coca-Cola Company Inc USA for $1 billion means a record return of 77% in just seven months. That’s considering it had acquired the stake in October 2006 for $677 million (price for 30% stake, including 5% bought by...

MUMBAI: Tata Tea’s decision to sell its 25% stake in Energy Brands Inc USA to Coca-Cola Company Inc USA for $1 billion means a record return of 77% in just seven months. That’s considering it had acquired the stake in October 2006 for $677 million (price for 30% stake, including 5% bought by...

Dubai, May 21 (PTI) India-Oman bilateral trade is expected to cross the USD 1 billion-mark in 2007 with increased business exchanges between the two countries. "The increase in the number of high-level visits has helped to create an environment that is very conducive to expansion of trade and...

As many as 20 companies have joined the elite billion-dollar market cap club so far in 2007, with appreciating rupee emerging as a major driving force behind this feat. While a number of corporates, particularly those with significant exposure to exports, are crying foul over dollar’s decline...

India's external debt has risen by $6.2 billion to $142.7 billion at the end of December 2006 on account of the surge in corporate borrowings in foreign countries and deposits by non-resident Indians. According to the figures released by the finance ministry on Friday, the country's debt...

Jan. 26 (Bloomberg) -- Novelis Inc., the aluminum-sheet maker spun off from Alcan Inc., said it is in talks that may lead to the sale of the company. Novelis's stock surged 24 percent to a record, and the shares of rivals climbed. The disclosure followed a report that Kumar Mangalam Birla's...

India seems to be on track to attracting $12 billion of foreign direct investment in 2006-07, with inflows during July touching $1.16 billion, an increase of over 255 per cent from $0.32 billion last July. During the first four-month period (April-July), inflows reached $2.9 billion, against...

India's Singh, Seeking $150 Billion, Courts, Snubs Investors Indian Prime Minister Manmohan Singh's plan to attract $150 billion for roads, ports and power supply systems may flounder because the government won't allow overseas investors in on the terms they want. Fifteen years after Singh...

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Mittal Steel Co., the world's largest steelmaker, may sign by November an agreement with India's Orissa state to build a $8.7 billion plant in the country, a minister said. Mittal will build a 12 million ton-a-year plant in Orissa, Chairman Lakshmi Mittal said July 7 in Bhubaneswar. The project...

ONGC Mittal to Spend $2 Billion to Find Nigerian Oil ONGC Mittal Energy Ltd., a joint venture between billionaire Lakshmi Mittal and India's biggest oil explorer, plans to invest as much as $2 billion to explore for oil in Nigeria. India won the rights to drill in Nigeria in return for...

KKR Leads $46.7 Billion of Leveraged Buyouts in Two-Week Streak Kohlberg Kravis Roberts & Co.'s purchase of Royal Philips Electronics NV's semiconductor unit last week ended a 10-day stretch of $46.7 billion worth of deals, almost a fifth of all leveraged takeovers this year. The world's...

SAP to Invest $1 Billion in India, Double Workers SAP AG, the world's largest maker of business-management software, said it will invest $1 billion and double employees in India, its fastest growing market in the Asia-Pacific region. SAP has identified India as one among its eight most...

Mittal, Arcelor Now Won, Targets China, $8.7 Billion India Mill July 14 (Bloomberg) -- Lakshmi Mittal, who won his five- month battle to take over Arcelor SA and create the world's largest steelmaker, now faces a bigger challenge. He plans to break into the fast-growing markets of China and...

Mumbai: Hindustan Copper, BF Utilities, Unitech, Century Textiles, Kirloskar Brothers, Aban Lloyd Chiles, Balrampur Chini and Biocon have joined the US$ 1 billion market cap club, taking the US$ 1 billion membership to 112. Three weeks back, on March 27, when Sensex closed at over 11,000...

New Delhi: Foreign Direct Investment (FDI) inflow into India during April-December 2005 was US$ 3.69 billion, an increase of 45 per cent over the US$ 2.55 billion inflow in April-December 2004. This represents only the equity component of FDI. With the inclusion of reinvested earnings and other...

Enthused by a near 19 per cent growth, the Economic Survey on Monday predicted that India's exports could increase by 50 per cent to US$ 150 billion in next three years provided government pushed reforms and took measures to improve infrastructure facilities. Identifying infrastructure as the...