Business Daily from THE HINDU group of publications
Sunday, August 03, 2008
ePaper | Mobile/PDA Version | Audio
Business Daily from THE HINDU group of publications Sunday, August 03, 2008 ePaper | Mobile/PDA Version | Audio |
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PERFORMANCE: India Inc has lower profit cushion to service debt Interest burden set to rise further with recent rate hikes. Corporate results for the quarter ended June 2008 suggest that India Inc may now have lower cushion on profits to cover interest obligations. ... OUTLOOK: Suzlon gets shareholders’ nod to raise Rs 5,000 cr thru securities Substantial orders on hand, capacity to be doubled. Chennai, Aug. 2 Suzlon Energy Ltd, a leading manufacturer of wind turbines, plans to raise a total of Rs 5,000 crore through issue of various securities. It obtained the approval of its ... ESOPS: Tax liability on ESOP I am a bank employee and I was allotted shares under ESOP, which I accepted after paying the grant price. I gifted the same to my wife two months later. ... OVERSEAS INVESTMENTS: GSPC bids for three oil and gas blocks in Egypt Also seeks to bid for blocks in Australia. Kolkata, Aug. 2 Gujarat State Petroleum Corporation (GSPC) has bid for three oil and gas offshore exploration blocks at the recently concluded bidding round in Egypt. The company is also exploring ... REGULATORY BODIES & RULINGS: USFDA nod for Aurobindo's injections PERFORMANCE: RINL achieves record turnover Rashtriya Ispat Nigam Ltd (RINL) here has achieved a record sales turnover of Rs 3,904 crore between April and July 31, according to a press release. During the corresponding period last year, the turnover was Rs 2,758 crore. The sale of 5.6 lakh ... NEW PROJECTS: Dr Reddy’s to set up facility for opium-based drugs at Vizag Hyderabad, Aug. 2 Pharma major Dr Reddy’s Laboratories Ltd will set up an exclusive manufacturing facility for opium-based drugs with an investment of over Rs 40 crore. ... ALLIANCES & JOINT VENTURES: BMW India ties up with ORIX Auto New Delhi, Aug. 2 Luxury carmaker BMW India has inked an agreement with ORIX Auto Infrastructure Services Ltd (OAIS) to provide leasing services for its cars in the domestic market. ... OUTLOOK: L&T to complete recast of strategic biz units soon Hyderabad, Aug. 2 Larsen and Toubro Ltd is looking at 25-30 per cent growth in turnover this financial year; last year it had posted a turnover of Rs 25,200 ... Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
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