CORPORATE
ANNOUNCEMENTS
JSW Steel hikes price
JSW Steel Ltd on Wednesday announced a hike of Rs 1,000 per tonne for its galvanized steel. However, the price of its HR coils remains unchanged. Mr. MVS Seshagiri Rao, the company's director (Finance), said the price hike for ...
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US co not buying stake, says India Pistons
India Pistons Ltd has denied reports of Federal Mogul Corporation of the US acquiring a majority stake in the company. A press statement from the Amalgamations Group Company says that a section of the press has recently carried reports that ...
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OVERSEAS BORROWINGS
Reliance mulls raising $2 b funds
The Board of Reliance Industries will meet on November 9 to consider raising funds amounting to Rs 9,000 crore towards investment in its oil and gas exploration and production projects. The funds could be raised by way of syndicated loan/ bonds ...
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NEW PROJECTS
Reliance to double KG Basin gas output
Rs 23,293-cr investment plan to develop fields
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REGULATORY BODIES & RULINGS
Raj TV seeks FIPB nod for 26 pc foreign equity
The company plans to enter the capital market.
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ALLIANCES & JOINT VENTURES
Hindalco ties up with US company
To have 70% equity participation in joint venture
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Keltron signs MoU with Durag group
Kerala State Electronics Development Corporation (Keltron) has signed an MoU with Durag Group of Germany for marketing, maintenance and after-sales service of advanced equipment for monitoring environment pollution. The Durag Group is reputed ...
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OUTLOOK
Bosch plans Rs 1,800-cr investment in India
The Rs 4,000-crore Bosch Group in India has outlined an investment of Rs 1,800 crore by 2008. Of this, approximately Rs 900 crore has already been invested in the development of facilities and competencies, capacity ramp-up and R&D, and an ...
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PERFORMANCE
M&M tractor Oct sales up 18%
Mahindra & Mahindra's tractor division has posted record sales of 13,017 units in October, an increase of 18 per cent against 11,051 units in the corresponding period last year. The growth in sales is largely contributed by States such as ...
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Lumax stock surges 79% on expansion plans
To add two more manufacturing units
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PEOPLE
M.R. Hingnikar is GAIL acting chief
Mr M.R. Hingnikar, Director (HR), GAIL (India) Ltd, will hold additional charge of the post of Chairman & Managing Director, according to an official release. He would hold the charge on ad-hoc basis, with effect from November 1 for a period ...
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