CORPORATE
ACCIDENTS
Number of deaths in workplace on the rise
Despite efforts by the Government at the Central and State level to ensure safety at workplaces, the number of deaths of workers on duty is on the rise.According to data compiled by the Ministry of Labour based on figures available ...
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ANNOUNCEMENTS
Technical snag hits RIL testing activity in Cauvery block
New Delhi, Aug. 15 Reliance Industries Ltd (RIL) seems to have suffered a minor hiccup in its successful Cauvery asset. Reliance was unable to complete the hydrocarbon testing in the second well drilled in its deepwater Cauvery block ...
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Nokia warns of battery defects in handsets
New Delhi, Aug 15 World’s largest mobile handset maker Nokia has issued an advisory that there could be defects in about 46 million batteries used in some of its handsets sold wordwide. The defect pertains to handsets having BL-5C ...
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ACCOUNTING STANDARDS
Is the ‘impairment’ standard beyond repair?
The standard (AS-28) seems to provide guidance primarily from the perspective of a manufacturing company, even though close to half of India’s GDP is contributed by the service sector.
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PRIVATE PLACEMENT
Punj Lloyd raises Rs 814 cr
Engineering and construction firm Punj Lloyd Ltd has raised Rs 814 crore through a qualified institutional placement of 2.9 crore shares at Rs 275 each. Proceeds from the issue would be used to fund the acquisition of a 25.1 per cent stake in ...
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NEW BUSINESS
Katriya to run hotel at Paryatak Bhavan
Hyderabad, Aug. 15 Katriya Hotel and Towers has won the bid for running the 84-room three-star hotel at the Balayogi Paryatak Bhavan, the one-stop-shop for all travel needs, here on a 25-year lease.“The hotel has bagged the ...
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CONSULTING
RRJ workshops focus on employee attitude
Hyderabad, Aug. 15 Inculcating a positive state of mind in a person or organisation to achieve success is the challenge they have taken up as their business now.Through a series of scientific workshops which address the attitude ...
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RESTRUCTURING
Lanco Infratech concludes corporate rejig
All investments to be handled through special purpose vehicles
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MERGERS & ACQUISITIONS
GraceKennedy open to acquisitions in India
Launching processed foods & beverages brand soon
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NEW PROJECTS
Jubilant Organosys expands pyridines capacity
Invests Rs 60 crore in Uttar Pradesh’s Gajraula plant
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OVERSEAS INVESTMENTS
MTNL readies Rs 500 cr for overseas operations
Looking at acquisitions, new licences in developing countries
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ALLIANCES & JOINT VENTURES
STC ties up with PSUs to leverage synergies
New Delhi, Aug. 15 The State Trading Corporation (STC) has tied up with a number of public sector undertakings (PSUs) to leverage each other’s strengths and synergies in a bid to increase its turnover and also improve its profitability, ...
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VENTURE CAPITAL
Gearing up for private equity
Private equity (PE) is the latest financial innovation to take the world by storm. Although there are various types of PEs, a typical one raises money from rich investors willing to play with high risk for a fixed period and look for ...
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SICK UNITS
Trayons reopening to take 3-4 months
Court clearance required before formal takeover
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OUTLOOK
BHPV aims at Rs 200-cr turnover
Bharat Heavy Plate and Vessels Ltd (BHPV) here is aiming at a sales turnover of Rs 200 crore during the current financial year, according to Mr Om Prakash, Managing Director.On the occasion of the Independence Day, he hoisted the ...
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HSL has orders worth Rs 2,000 cr
The Hindustan Shipyard Ltd (HSL) has orders worth Rs 2,000 crore on hand for construction of 19 ships and repairing of a submarine, according to the Rear-Admiral Ajit Tewari, Chairman and Managing Director.After hoisting the flag on the ...
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