CORPORATE
NEW PROJECTS
Sanghvi Movers to spend Rs 550 cr for buying cranes
Keen on acquiring 10 barges from China or Singapore
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Manaksia to expand metal biz, prepay term debt thru IPO
Kolkata, Dec. 15 Manaksia Ltd expects to raise around Rs 248 crore through a follow-on net public issue (of 1,54,00,000 shares of Rs 2 each for cash at a price band of Rs 140-Rs 160) to expand its metal business (Rs 115.5 crore capex ...
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OVERSEAS INVESTMENTS
S Kumars close to Rs 500-cr overseas buy
Mumbai, Dec. 15 S Kumars Nationwide Ltd has zeroed in on a European company to make its first overseas acquisition of around Rs 500 crore, Mr Anil Channa, Deputy Managing Director, told Business Line on the sidelines of a ...
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Promising venture
Praj Industries has formed a joint venture with Brazil’s Jaragua Equipamentos Industriais, wherein Praj will hold 54 a per cent stake. The venture, situated in Brazil, will provide the company an entry into the global ethanol ...
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OUTLOOK
Rig sharing concept yet to take off
New Delhi, Dec. 15 The ‘rig club’ project seems to be a non-starter among companies involved in oil and gas exploration activities in India, with the two big players, Reliance Industries Ltd (RIL) and ONGC, unable to reach a ...
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UTV ready to go it alone in Hollywood
New Delhi, Dec. 15 Having partnered with big Hollywood studios such as Fox and Sony and Will Smith’s production house Overbrook Entertainment, UTV Motion Pictures is ready for solo international projects on its Hollywood journey. ...
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Coal India plans forward e-auction in Feb
Kolkata, Dec. 15 After re-introduction of e-auction, Coal India Ltd is now on its way to introduce one-year forward e-auction of coal through the same platform. Unlike futures trading where physical market players as well as ...
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