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What this Budget should do to fix India's joblessness

While structural factors are responsible for the high unemployment, the slowdown has made things worse.
The Economic Times



BSEL bags construction order in UAE for Rs 1,200 cr

At current market rates, the new project would earn a net profit of Rs 400 crore for the company, it said.

BSEL bags construction order in UAE for Rs 1,200 cr

The new order, with total land area of 33.75 lakh square feet, takes the BSEL's order book to Rs 2,800 crore, a company release said here.

Indiabulls gets shareholders' nod for acquiring Dev Property

Indiabulls Real Estate on Monday said it has received shareholders' approval for the acquisition of Dev Property Development Plc (DPD) for 138 million pounds.

ET Prime Distribution
  • Ranbaxy Laboratories has approved the demerger of its new drug discovery research unit into a subsidiary, Ranbaxy Life Science Research.

    Integrated Coal Mining (ICML), owned by the Rs 17,000-crore RPG Group, on Tuesday inked a 20-year offshore coal procurement contract with Australian coal miner Resource Generation (RGL).

    Reliance Communications’ Global Depository Receipts (GDRs) listed on the Luxembourg stock exchange on Thursday at $5.82 per GDR. Upto 63.67m of RCL were listed on the exchange.

    Mid-sized IT-enabled services and solutions providing company Vishal Information Technologies (VITL) is close to buying out two companies.

    Indiabulls Real Estate said it has received approval from the High Court of Isle of Man for acquisition of Dev Property Development Plc, a UK listed realty firm.

    Global energy major BP Plc is likely to enter into a strategic tie-up with Cals Ltd, a Spice Energy holding company, for its proposed one billion dollar, five million tons oil refinery at Haldia near Kolkata.

    Ranbaxy Laboratories on Tuesday announced that its board of directors have approved the demerger of its New Drug Discovery Research (NDDR) unit into a subsidiary, Ranbaxy Life Science Research (RLSRL).

    Luxembourg, considered a key financial centre in Europe, is in talks with India for concluding a double taxation avoidance agreement (DTAA). Both the countries are currently working on resolving outstanding issues before finalising the pact.

    India Inc accounted for 50% of all new depository receipt stock exchange listings globally in 2006. In all, there were 55 such listings in calendar 2006 of which more than 30 were from India.

    Low-cost carrier SpiceJet is close to raising around $60 million to strengthen its operations over the next two years.

    Gurgaon-based low-cost carrier SpiceJet has appointed the investment banking arm of financial services company Edelweiss to find a strategic investor for the airline.

    The Mumbai-based PCCPL is in the final round of negotiations to acquire a 30% stake in PSD Chemicals, a privately-held firm in the US.

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