CORPORATE
ANNOUNCEMENTS
Full production at 2 ONGC fields delayed
ONGC's attempts to start full production from G-1 and GS-15 fields in the Krishna Godavari basin continue to face hurdles. The company's plans to start production by June this year may get further delayed. Sources said that the production ...
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Asia MotorWorks launches tipper in North
Marks formal entry into North Indian market
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AWARDS & HONOURS
Nalco bags export award
National Aluminium Company Ltd (Nalco), India's leading manufacturer-exporter of alumina and aluminium, has bagged the Engineering Export Promotion Council's (EEPC) All India Export Award in the category of "Star Performer for ...
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NEW PROJECTS
TNPL undertakes Rs 680-cr capacity expansion
The company plans to bring in Rs 180 crore through internal generation and Rs 500 crore through borrowings.
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ALLIANCES & JOINT VENTURES
IOC may include third partner in Turkey refinery
To meet required investments and ensure greater market access
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INTERVIEW
UB deal: `Distribution synergies will not be easy to realise'
The distribution networks of United Spirits and Whyte & Mackay combine gives an opportunity to cross-pollinate their respective brands in the other's markets.
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`Overseas borrowings by cos are in sync with globalisation'
"While capital (read investor) follows the path of least resistance, borrowers look at options based on cost, liquidity and ease of servicing."
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DIVERSIFICATION
Punj Lloyd: Buy
Punj Lloyd's inspiring financial performance for FY07, a strong order book buoyed by newly acquired subsidiaries and renewed focus on its core areas of oil and gas infrastructure solutions, are indicative of strong prospects for ...
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PERFORMANCE
Mahindra Renault's Logan sales at 2,786 in May
Mahindra Renault sold 2,786 units of Logan last month. The car that made its debut on April 3 was initially launched in 11 cities. Mr Rajesh Jejurikar, Managing Director, Mahindra Renault, said: "Logan has delivered much beyond our ...
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RINL achieves record sales
Rashtriya Ispat Nigam Ltd (RINL) achieved record sales of Rs 1,294 crore during April and May this fiscal, registering a 21 per cent increase over Rs 1,068 crore during the corresponding period last financial year, according to a ...
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PEOPLE
New BEML director
Mr M. Poongavanam has taken over as Director (Mining & Construction) at BEML. He will be on the company's board, a release said. Mr Poongavanam was Chief General Manager (Marketing) prior to this. He is an engineering graduate ..
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