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Mahindra may not retain Ssangyong staff

04 Sep 10 10:21 AM

NEW DELHI: Mahindra & Mahindra has not made any commitment on retaining jobs or volume growth in its deal with Ssangyong Motor Company to buy a majority stake in the ailing South Korean automaker.

The memorandum of understanding between the two companies, signed on August 23, only offers to “hono..

Tata Steel seen in talks with banks for $5.4 bn loans

04 Sep 10 10:11 AM

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MUMBAI: Tata Steel, India’s largest producer of the alloy, is in talks with banks for £3.5 billion ($5.4 billion) in loans for its UK unit, said four persons with direct knowledge of the matter. BNP Paribas SA, Credit Agricole CIB, HSBC Holdings and Royal Bank of Scotland Group are among the 11 bank..

Honda in talks to sell Hero stake to Munjals

01 Sep 10 11:03 AM

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NEW DELHI: Japan’s Honda is believed to be in talks to sell its 26% stake in Hero Honda Motors, the enormously successful, 26-year-old joint venture responsible for transforming the local motorcycle industry and spurring an entire generation of Indians to take to biking.

A person close to the dev..

SEBI lifts ban on Barclays for issuing ODIs

31 Aug 10 06:02 PM

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MUMBAI: Market regulator SEBI has lifted ban on British bank Barclays for issuing offshore derivative instruments, a move which will allow the lender to facilitate investment by unregistered entities into Indian stock markets.

The Securities and Exchange Board of India, in December last year, had..

Goldman Sachs downgrades HDFC to sell

31 Aug 10 05:57 PM

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MUMBAI: Goldman Sachs has downgraded Housing Development Finance Corp to "sell" from "neutral" and retained the price target of Rs 595.

The stock has outperformed the benchmark BSE index and the upside in the stock has already been priced in, Goldman Sachs said in a note. There are no near-term c..

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Mahindra may not retain Ssangyong staff

Tata Steel seen in talks with banks for $5.4 bn loans

Honda in talks to sell Hero stake to Munjals

SEBI lifts ban on Barclays for issuing ODIs

Goldman Sachs downgrades HDFC to sell