CORPORATE
ANNOUNCEMENTS
ONGC strikes gas reserve in KG basin block
After a prolonged wait, ONGC seems to have finally struck a major gas reserve in Krishna Godavari basin (KG-DWN-98/2 block). ONGC holds 90 per cent operating interest in the KG basin block. The stake was acquired from Cairn India, now holding ...
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FINANCIAL PERFORMANCE
PE ratio: An effective screen-test
The PE (price-earnings) ratio is among the basic tools used to measure how cheap or expensive a stock is. This ratio measures the number of times a stock quotes as a multiple of its earnings per share and is also commonly referred to as the PE ...
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MERGERS & ACQUISITIONS
The battle for Corus
It is anybody's guess how far and how long the bidding war will continue. But research reports indicate that any price beyond 525 pence per share may take the entire deal into dangerous "winner's curse" territory, with the winning bidder paying too h igh a price.
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Strategic rationale for consolidation
The push towards consolidation triggered by the recent Arcelor-Mittal merger has been guided by four key variables at the sector level: For years, steel stocks have consistently reduced shareholder ...
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NEW PROJECTS
Ocimum to invest Rs 120 cr for expansion
Ocimum Biosolutions will invest Rs 120 crore in its biotechnology expansion and set up a new laboratory in the Genome Valley on the outskirts of Hyderabad soon. The Hyderabad-based life sciences research and development enabling company, which ...
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ALLIANCES & JOINT VENTURES
Tata Motors' smart deal with Fiat
The most significant takeaway for Tata Motors in its joint venture with Fiat is the part on engine security, so to say. The JV will produce three different engines — a 1.3 litre diesel and 1.4 litre and 1.2 litre petrol engines — ...
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DIVERSIFICATION
Dabur Foods to enter hospitality sector
Ties up with Dubai's Hot Brands
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Jindal Worldwide plans diversification
The Ahmedabad-based textile major Jindal Worldwide Ltd, which is undertaking a major expansion of its existing business entailing an investment of Rs 225 crore, is planning a foray into infrastructure development. The company proposes to ...
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