Goldman Sachs, a global investment banking and securities firm, has invested Rs 100 crore for a significant minority stake to support TVS Logistics growth plans, which include expansion, increasing its investment in joint ventures and for acquisition opportunities.
A host of public sector banks had cut interest rates in the earlier part of this year following an advisory from Finance Minister P Chidambaram in January. Private and smaller state-owned banks, however, did not cut rates.
The acquisition will help JK Tyre gain access to the world's largest auto market in the United States in addition to some distant markets of central and south America.
The model, considered as large van or a mini bus, has sliding doors and can comfortably seat around 15-18 people. It will be imported into India initially. The model is currently undergoing road tests in Pune, according to sources.
After actor Amitabh Bachchan vowed not to leave Mumbai in the wake of the Maharashtra Navnirman Sena campaign against him, party chief Raj Thackeray on Friday said that he had never asked the actor to leave Maharashtra. Raj's remarks came
As Bangalore doctor Sabeel Ahmed confessed that he withheld information on the botched up Glasgow airport terror plot, his mother Zakia Ahmed on Friday maintained that he is innocent and is looking up to God to have her son back
To keep a tab on the spending limit of candidates contesting in the forthcoming Karnataka elections, the office of the Chief Electoral Officer has introduced a system wherein a candidate will be allowed to use a maximum of six vehicles
All democratic countries including India should stay away from the opening ceremony of the Beijing Olympics, beginning in August, in order to protest the violent incidents in Tibet, Rashtriya Swayamsevak Sangh chief K S Sudarshan said on Friday. The RSS
The Uttar Pradesh police will conduct a narco test on the main accused in the killing of Sheeba Thomas and injuring of retired Major General TJS Gill in Noida on April 9. "The main accused in the shooting that killed
Indian national Kafeel Ahmed, who drove a burning jeep into the Glasgow airport last year and succumbed to his injuries weeks later, had sent an email to his Liverpool-based brother Sabeel before he embarked on his deadly mission.
Disapproving of violent protests against the Beijing Olympics torch relay, Lok Sabha Speaker Somnath Chatterjee on Friday expressed confidence that the event would pass off peacefully in India.He said this to Chinese Ambassador to India Zhang Yan. "If anybody has
The Dalai Lama speaks at a discussion on the scientific basis for compassion at the University of Washington in Seattle, Washington. This is the second day of his six-day visit to Seattle, where he is scheduled to host a five-day
Yulia Tymoshenko believes that it is expedient to speed up amendments to the Constitution of Ukraine aimed at balancing authorities between branched of power. She announced this in the course of holding "An hour of questions to the Government" in
With the release of "Vindicated," Jose Canseco is now a major player on the literary market, and has written more books than he's read. But what happens when you place Canseco as a character in some of history's greatest literature?
France's Africa policies have always attracted more attention than those of other European states. In the run-up to the 2007 election, Nicolas Sarkozy indicated that he planned to "normalize" France's special relations with the continent. Yet as president, he has
The hostages aboard a French vacation yacht off the coast of Somalia have been released. French President Nicolas Sarkozy announced their rescue on Friday, thanking organizations who helped free the 30 hostages from pirates.
