CORPORATE
ANNOUNCEMENTS
Carborundum sells land for Rs 58 cr
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OVERSEAS BORROWINGS
Essar closes term loan facility
Mumbai, Dec. 1 The Essar group has closed a term loan facility for $3.59 billion (over Rs 14,000 crore), monetising its put option in Vodafone-Essar, and raising resources for the group’s plans in sectors ranging from energy to shipping. ...
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AWARDS & HONOURS
Shell Helen Keller award
Infosys BPO, Intel, ITC Hotel The Windsor, Pepsico (WEMU), Reuters and Vindhya e-infomedia have been given the Shell Helen Keller award for the best employer by the National Centre for Promotion of Employment for Disabled People. The ninth ...
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ACCOUNTANCY
ICWAI global management meet in Jan
Kochi, Dec. 1 To attain international standards for students and members, the Institute of Cost and Work Accountants of India (ICWAI) is organising a global summit on management accounting in New Delhi from January 10-12.Prof Robert ...
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MERGERS & ACQUISITIONS
‘Partnering in value creation vital for global acquisitions’
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Tata Steel will not make hostile bids: MD
Company looking at West Africa for iron ore linkages
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NEW PROJECTS
NMDC hiking production capacity to 50 mt
Plans Rs 18,000-cr investments; pays Rs 130-cr interim to Govt
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Big Money
National Thermal Power Corporation will invest Rs 7,245 crore in two thermal and one gas power project, after its board approved the investment proposals recently. The projects are located in the states of Maharashtra, Gujarat and ...
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OVERSEAS INVESTMENTS
Black diamond
Tata Steel has signed an agreement with Riversdale Mining to establish a joint venture to develop a hard coking and thermal coal project at key coal exploration tenements held by Riversdale in Mozambique. ...
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Focus on hotels
DLF has formed an equal partnership with Adrian Zecha, founder and chairman of Aman Resorts, to acquire a controlling interest in the Aman Resorts Group. The transaction is valued at $400 million (Rs 1,000 crore) with an assumed debt of ...
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VENTURE CAPITAL
Global Union Energy plans investing $250 m here
The Bahrain-based Global Union Energy Ventures is planning to invest over $250 million in India in refineries and infrastructure projects over the next 12 months.The company, which had opened its office in New Delhi in September, is ...
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OUTLOOK
Vedanta to invest Rs 5,000 cr in Rajasthan
New Delhi, Dec. 1 Vedanta Resources, the London-based holding company of the Sterlite group, will be investing Rs 5,000 crore in Rajasthan. Aimed at putting the desert State in the metal and mineral map of the world, the phased ...
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Asia Motor aims at Rs 750-cr revenue
Bangalore, Dec. 1 Asia Motor Works (AMW), which makes heavy commercial vehicles, plans to sell about 5,000 trucks during this fiscal and post revenues of about Rs 750 crore.The Managing Director and Chief Executive Officer, Mr Anirudh ...
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TNPL seeks bids to lease out land
Chennai, Dec. 1 Tamil Nadu Newsprint and Papers Ltd has called for property developers and IT/ITES companies to bid for its 3.5-acre property in suburban Ambattur, to set up an IT park.TNPL, a State Government enterprise, manufacturing ...
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PEOPLE
He is in awe of the autorickshaw
GM’S CHIEF DESIGNER
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