CORPORATE
ANNOUNCEMENTS
RIL’s Jamnagar refinery project
Reliance Petroleum’s new Jamnagar refinery is expected to be completed ahead of its scheduled time of December 2008; the project has utilised Rs 23,319 crore for its refinery project at Jamnagar as of March 31, 2008, against a projected ...
More
NEW BUSINESS
Permionics bags Vizag Steel order
The Vadodara-based Permionics Membranes Pvt Ltd has bagged a contract from Rashtriya Ispat Nigam Ltd (RINL) for turn-key execution of their sewage and waste water treatment plant at their Vishakhapatnam plant. The Rs 36.75-crore order, includes ...
More
DERIVATIVES MARKETS
Accounting of derivative losses
Recent derivative losses in India have brought the issue of accounting of derivatives into spotlight. Unfortunately, AS-30, ‘Financial Instruments – Recognition and Measurement’, which is the same as IAS 39, is mandatory only ...
More
MERGERS & ACQUISITIONS
Solrex unlikely to push Orchid stake past 15%
Analysts say it’s not in a position to pick up the costs
More
Pyramid Saimira's MD hikes stake
More
NEW PROJECTS
Kesoram Cements expanding capacity
Rs 850-cr project targets additional 3.5 mt by next year
More
Nakoda Textile plans Rs 325-cr capex
Mumbai, April 16 With a view to de-risking the business model, Nakoda Textile Industries Ltd has planned a capital expenditure of Rs 325 crore for the coming year, said Mr Babubhai Jain, Chief Executive Officer and Managing Director. As ...
More
GM India’s Talegaon plant to be ready by Aug-Sept
The new plant of General Motors India, a wholly owned subsidiary of General Motors Corporation, being set up on an area of 300 acres with an investment of Rs 1,400 crore at Talegaon in Maharashtra will be ready for operation by ...
More
Setco Auto Uttarakhand facility
Clutch manufacturers Setco Automotive’s new facility in Uttarakhand was inaugurated last week. The new plant is meant to cater to the aftermarket clutch requirements of its customer base. This is a semi-automated assembly line, which will ...
More
Production at Euro Ceramic facility
More
ALLIANCES & JOINT VENTURES
Indian oil cos ink pacts for 5 blocks in Yemen
New Delhi, April 16 Indian oil companies have signed agreements for five hydrocarbon exploration blocks in Yemen on April 13. According to an official statement, the agreements signed would be sent for ratification to the Yemen Parliament and ...
More
VENTURE CAPITAL
RKKR Steels may offload stake in arm
Chennai, April 16 RKKR Steels Ltd may sell 15 per cent stake in its wholly owned subsidiary, SBQ Steels, to a private equity fund. Discussions have been on for some time; RKKR’s Managing Director, Mr Rajiv Rai, said today that a decision ...
More
OUTLOOK
TIMCO may start Rs 650-cr iron ore mining project next year
Awaiting eco clearances from Ministry
More
Timken India soon to become manufacturing hub for bearings
Chennai, April 16 Timken India Manufacturing Pvt Ltd (TIMPL), a wholly owned subsidiary of the $5.2- billion Timken Company (TC) in the US, will soon become the sole manufacturing hub for about 70 per cent of varieties of the bearings ...
More
NTPC may split new orders between BHEL, global bidding route
‘Supercritical’ technology-based projects
More
Toyota may import small car engines from Asean countries
New Delhi, April 16 Toyota Motor Corporation’s small car to be produced in India is likely to get ignited from engines imported from Asean countries such as Indonesia or Thailand. The company seeks to gain from the free trade ...
More
John Energy places orders for 4 more rigs
Sees increasing demand from E&P sector
More
PEOPLE
Zen Securities appoints new MD
The board of directors of Zen Securities Ltd has appointed Mr Pratap Kantheti and Mr Satish Kantheti as Managing Director and Joint Managing Director, respectively, of the company. The board at its meeting on Tuesday expressed sorrow at the ...
More
Changes at Super Spinning Mills
More
Comments & Letters to the Editor to: bleditor@thehindu.co.in
Subscribe to: Business Line
|
RSS Feeds