On March 19, 2014 12:05 (IST)
Jindal Steel, headed by billionaire lawmaker Naveen Jindal, got access to 650 million tonnes of coking coal resources in October after buying a majority stake in Gujarat NRE Coking Coal, the Australian unit of Gujarat NRE Coke.
On November 30, 2013 20:01 (IST)
To attract more dollar inflows, the Reserve Bank of India (RBI) has extended the deregulated interest rate scheme for non-resident-external (NRE) deposits till January 31 next year from the earlier November 30.
On November 23, 2013 19:18 (IST)
Public sector Indian Overseas Bank has revised its interest rates upwards to 9.50 per cent under NRE Term deposits of 3 years and above with immediate effect.
On October 17, 2013 14:03 (IST)
The deal, announced last month, was cleared yesterday by the shareholders of Gujarat NRE Coking Coal Ltd - the Australian subsidiary of Kolkata-based Gujarat NRE Coke-- in a general body meeting held in New South Wales.
On September 06, 2013 15:59 (IST)
Union Bank has also revised its NRE (non-resident - external) term deposit rates by up to 0.75 per cent in the three- to five-year maturity.
On March 31, 2013 19:47 (IST)
Jindal Steel and Power's (JSPL's) bid to acquire a majority stake in Gujarat NRE Coke's Australian subsidiary has not been successful, with the company managing to acquire only 31.49 per cent stake at the end of its open offer.
On February 27, 2013 13:00 (IST)
Jindal Steel and Power Ltd (JSPL) will increase stake in Australia's Apollo Minerals to 11.70 per cent by acquiring additional 10 million shares of the firm for about about Rs 2.20 crore. Prior to this, JSPL had 9.25 per cent in the Australian compan...
On February 17, 2013 12:20 (IST)
The board of Gujarat NRE Coking Coal has advised company shareholders to reject Jindal Steel and Power's all-cash Rs 1,200 crore takeover bid, saying the offer does not adequately reflect future prospects.
On February 15, 2013 23:54 (IST)
Jindal Steel and Power (JSPL) is looking at acquiring one coking coal and iron mine each within next three months, a top company official said today.
On October 21, 2012 12:44 (IST)
Kochi-based Federal Bank has said that the deposit rates, especially for Non-Resident (External) Accounts (NRE), will decline further going forward.
On June 27, 2012 11:02 (IST)
Reliance Infra and Tata Power may gain after the announcement of power tariff hikes in Delhi.
On May 14, 2012 20:48 (IST)
Gujarat NRE Coke today said its Board has approved the plan to issue five crore warrants to promoters on preferential basis
On May 11, 2012 11:00 (IST)
To consider whether to issue 6,00,00,000 convertible warrants to promoters/promoter group entities on private placement/preferential basis, the Board is meeting on May 13 of this year.
On May 07, 2012 21:49 (IST)
The Reserve Bank on Monday allowed non-resident Indians (NRIs) to transfer funds from non-resident ordinary (NRO) account to Non-Resident External (NRE) account subject to a ceiling of $1 million in a financial year.
On March 20, 2012 10:48 (IST)
Gujarat NRE Coking Coal (GNM) operates two adjacent underground hard coking coal mines in Australia.
On January 04, 2012 20:09 (IST)
ING Vysya bank is also offering an interest rate of 9.25 per cent for maturity periods between 501 and 1095 days.
On December 29, 2011 16:53 (IST)
The government is planning to infuse equity capital into the bank to help it meet international banking norms for capital adequacy. Diwakar Gupta, CFO of SBI, said that the money would come only in the new financial year.
On December 28, 2011 19:48 (IST)
State-run IDBI Bank also announced a hike in the NRE deposits, offering up to 9.50 per cent interest rate.
On December 27, 2011 15:44 (IST)
Banks are offering high rates because of the sharp depreciation of the rupee in the past few months.
On December 26, 2011 23:26 (IST)
The second largest public sector lender Punjab National Bank today increased the interest rates on NRE term deposits ranging one to five year period to 9.25 percent. The rates will be effective from January 1, the bank said in a filing to the BSE.