About INR900 crore had been earmarked for Tata Sky's format upgrade. Tata Sky, the direct-to-home television operator, had drawn plans to invest its INR900 crore this fiscal year on technology upgrades in order to reach out and achieve a 30% growth in subscribers.
Investors
Egypt's Citadel Capital plans capital hike
Egyptian private equity firm Citadel Capital said on Sunday it would increase its capital following the clearance it had won from the company's shareholders.
Koor Industries sells additional shares in Credit Suisse
Koor Industries had sold another 5.5 million shares in Credit Suisse. The sale was valued USD169 million said the Israeli holding company on Sunday.
Credit Suisse to lead Lloyds and RBS stake sales
James Leigh-Pemberton would take a new position as the new head of UK Financial Investments on Monday according to an internal memo released by Credit Suisse and was seen by Reuters.
Dubai and other Gulf indices climb after US-Russia deal on Syria stockpile was finalized
The stock markets of the Middle East breathed a sigh of relief as the US-Russia agreement on Syria's chemical weapons averted a military strike.
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DGH, in an order, required the relinquishment of awarded concessions to Reliance-BP for the 'expiry' of time for its development.
Because of the proliferation of smartphones, Olympus Imaging India is scrapping its low end camera line and the focus would be on its premium brands.
The INR3,000 crore investment this fiscal year by Tata Motors would push through despite economic slowdown in India.
The network branches of India Infoline Finance had been set to expand its clientele and service offerings.
Tom Bolland, current COO of Lehman is helping wind down the bank's business. Tom Bolland, current chief operating officer of Lehman Brothers International Europe, is under the employ of Tony Lomas, joint administrator and PriceWaterhouseCoopers Partner, is providing assistance as the bank winds down its business and maximizes its recoverable assets.
China had set aside CNY80 billion for its local gas and oil projects to boost internal energy supplies.
Christoph Franz, the CEO and Chairman of Roche Pharmaceuticals, is discussing an exit plan with Deutsche Lufthansa as he is set to become the new Chairman of Roche.
With Portugal being the poorest Western European nation and having record numbers for unemployment, the lowering of allotments for food aid would affect a great many Portuguese.
With an increasing number of clients needing private air carrier services, both VistaJet and NetJets are scrambling for the Indian market.
