CORPORATE
MODERNISATION
IFC lends $40 m to West Coast Paper Mills
New Delhi, July 3 The International Finance Corporation (IFC), the private sector arm of the World Bank Group, will provide a long-term loan of $40 million to fund the Karnataka-based West Coast Paper Mills Ltd’s modernisation and ...
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ANNOUNCEMENTS
ONGC firms up plans to explore at Contai block
After more than a year, ONGC has firmed up plans to resume exploration at its pre-NELP onland block at Contai in West Bengal.The company recently cleared plans for drilling one exploratory well in the block, located in the coasts of Bay ...
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Supply to Dabhol: Petronet signs LNG pact with RasGas
New Delhi, July 3 Petronet LNG Ltd (PLL) has entered into a contract with RasGas of Qatar for import of 1.25 million tonnes of liquefied natural gas (LNG). According to PLL, the contract will be for supply of natural gas in its liquefied form ...
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PRIVATE PLACEMENT
Bhilwara Energy to raise Rs 105 cr thru pvt equity
New Delhi, July 3 Bhilwara Energy Ltd today announced that it has entered into an agreement for private equity placement amounting to Rs 105 crore with Mauritius-based New York Life Investment Management India Fund II and WIH Holdings. ...
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CORPORATE DISPUTES
Britannia, Danone play down impact
Kraft Foods entry seen in positive light
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OUTSOURCING
San Motors may contract manufacture for French co
San Motors the automotive division of the San Group and makers of the convertible San Storm is set to bag a contract manufacturing order from a niche French car company. The French company, quite similar to Britain’s Morgan, TVR ...
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CREDIT RATING
Moody’s downgrades Tata Power
Mumbai, July 3 Moody’s Investors Service has downgraded the corporate family rating of Tata Power Company (TPC) to Ba3 from Ba1, on account of TPC’s aggressive capital expenditure plan for its ultra mega-projects. ...
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HUMAN RESOURCES
Veta sets up corporate training unit
Chennai, July 3 English training institute Veta has set up a corporate training division within the company that will handle customised training for companies, conduct general workshops, seminars and symposia and train students for campus ...
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NEW PROJECTS
GVMC refuses water to Jindal alumina refinery
Visakhapatnam, July 3 The Greater Visakhapatnam Municipal Corporation (GVMC) council at its council meeting here on Tuesday passed a resolution refusing to part with 8 mgd (million gallons a day) of water to the proposed alumina refinery by ...
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REGULATORY BODIES & RULINGS
Aurobindo drug gets FDA nod
Aurobindo Pharma Ltd has announced that the company has received approval from the US Food and Drug Administration for terbinafine hydrochloride tablets 250 mg. This approval has been received on the first day after the expiry of the relevant ...
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ALLIANCES & JOINT VENTURES
Ashok Leyland forms joint venture with Finnish co
For manufacturing high pressure die casting aluminium products
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OUTLOOK
Zenotech bets big on biological entities
Bags contract research and manufacturing projects
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Sun Pharma to raise Rs 3,500 cr
With an eye on more acquisitions overseas, Sun Pharmaceutical Industries Ltd is looking to raise up to Rs 3,500 crore, the company told the Bombay Stock Exchange. The enabling resolution will seek shareholder approval at an Extra Ordinary General ...
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