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CORPORATE
OUTLOOK:
Adanis will supply Mundra power to Gujarat, Haryana
Sale through long-term PPAs and on merchant basis. Ahmedabad, July 24 Adani Power Ltd, which plans to invest Rs 43,139 crore to build 9,900 MW of electricity generation capacity, has tied up for evacuation of 3,311 MW, out of the 4,620 MW ...
OUTLOOK:
Tata Motors developing electric car, host of green cars
Tata Motors is developing an electric car, besides a host of eco-friendly, hybrid, bio-fuel and compressed-air run cars, said the Chairman, Mr Ratan Tata, at the annual general meeting on Thursday. ...
ALLIANCES & JOINT VENTURES:
Milestone ties up with Ecofirst
Specialised consultancy services for eco-friendly development. Mumbai, July 24 Milestone Capital Advisors, a real estate fund house, on Thursday announced the launch of its Milestone Ecofirst Advisory Services through a 50:50 joint venture ...
NEW PRODUCTS & SERVICES:
Piramal Healthcare to make narcotic input for cough syrup
Mumbai, July 24 Cough-syrup producers are set to face less hiccups in making this product, with the Centre roping in one more private player, Piramal Healthcare to make codeine - a narcotic substance that goes into the ...
NEW PROJECTS:
Phillips Carbon Black for expansion at Kochi unit
Phillips Carbon Black Ltd, part of the $3.5 billion RPG Group of companies, is planning to expand the capacity of its Kochi plant from the present 40,000 tonnes to 90,000 tonnes. ...
CORPORATE DISPUTES:
‘Sharing gas from K-G would cost Reliance $1 b a year’
Mumbai, July 24 The formula suggested by Reliance Natural Resources Ltd for sharing the gas from the Krishna-Godavari fields with Reliance Industries Ltd would amount to giving subsidy to the former. It would cost Reliance Industries $1 ...
RIGHTS ISSUE:
Ramco Systems plans Rs 173-cr rights issue
Chennai, July 24 Ramco Systems Ltd plans to raise Rs 173 crore through a right issue by offering 2.3 crore shares of Rs 10 face value. The funds are to be raised to reduce the borrowings and for working capital. As on March 31, 2008, the ...
PERFORMANCE:
Strong show by enterprise carrier division
Mobile services continue to propel Bharti Airtel’s growth, but it is also being helped by robust improvement in its Enterprise Carrier division’s performance. ...
RIGHTS ISSUE:
Sobha Developers net rises
Sobha Developers has posted a 24 per cent growth in net profit at Rs 50.5 crore for the quarter ended June 30, 2008, compared to Rs 40.8 crore for the corresponding quarter last year. Total income grew 30 per cent to Rs 348.8 crore (Rs 269.3 ...
DIVIDEND ANNOUNCEMENT:
Softpro announces 10% dividend
The Board of Softpro Systems has recommended 10 per cent dividend for 2007-08. The Chief Managing Director of the Hyderabad-based Softpro, Mr G. Bala Reddy, in a statement said "SoftPro in the process of establishing a development centre in ...
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