Business Daily from THE HINDU group of publications
Saturday, September 13, 2008
ePaper | Mobile/PDA Version | Audio
Business Daily from THE HINDU group of publications Saturday, September 13, 2008 ePaper | Mobile/PDA Version | Audio |
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NEW PROJECTS: No breakthrough in Singur talks Kolkata, Sept. 12 The third round of talks between the West Bengal Chief Minister, Mr Buddhadeb Bhattacharjee, and Trinamool Congress leader, Ms Mamata Banerjee, failed to provide a breakthrough to the impasse over return of land from within ... OUTLOOK: IOC may take 2 mt of Cairn’s crude Looking at a discount of $18 a barrel. Panipat, Sept. 12 Indian Oil Corporation Ltd (IOC) has indicated that it could take about 2 million tonnes of the crude Cairn India plans to produce at its Barmer oil field in Rajasthan, as long as it is ... ALLIANCES & JOINT VENTURES: Swatch plans joint venture for Indian market Decides to build a dedicated distribution network. The Swatch group, the world’s largest watch company with annual revenues of $ 6 billion, is now seriously eyeing the Indian subcontinent as a good market to expand. ... INSIGHT: How Tatas chose Singur as base for Nano plans Bengal matched incentives offered by Himachal, Uttarakhand. Chennai, Sept. 12 A comprehensive package of incentives — subsidy on land, concessional power, a soft loan and tax paybacks — to match the benefits that Tata Motors would ... OPEN OFFERS: SEBI clears Emami open offer for Zandu Pharma major to hold rescheduled AGM on Sept 24. Kolkata, Sept. 12 The Securities and Exchange of Board of India has cleared the open offer from Emami group (Emami Ltd and persons acting in concert) for Zandu Pharmaceutical Works. ... ALLIANCES & JOINT VENTURES: Rendezvous, XS Real venture to set up hotel chain Chennai, Sept. 12 Rendezvous Hotels & Resorts International, a subsidiary of the Singapore-based Straits Trading Company Ltd, is floating a joint venture with Chennai-based XS Real Properties Pvt Ltd to introduce its international hotel ... OUTLOOK: ITC’s agri-inputs biz to focus on exports ITC Ltd is planning to take its two-year-old agri-inputs initiative programme to the next level, with a thrust on export of new organic inputs to developing countries. ... SICK UNITS: MFL awaits revival package approval as losses mount Chennai, Sept. 12 Madras Fertilisers Ltd (MFL) has entered into an agreement with Indian Potash Ltd for the supply of Rs 300 crore worth of raw materials spread over three months to support MFL’s bid to restart NPK fertiliser complex ... ENVIRONMENT: NHPC to assess carbon credit revenue NHPC Ltd has initiated the process to appoint a consultant to assess the total carbon credit revenue generation potential of the company. “The appointment of consultant and assessment of potential is expected to be over in 2008-09,” ... NEW PROJECTS: Singur issue: HC directive to Bengal Mr Justice Dipankar Dutta of Calcutta High Court on Friday directed the West Bengal Government not to publish in next two weeks the agreement it entered into with Tata Motors and West Bengal Industrial Development Corporation relating to the ... OUTLOOK: IOC’s under-recoveries halve as crude price falls But also result in worries on stock inventory front. Kolkata, Sept. 12 The fall in crude prices has caused cheers as well as concerns for Indian Oil Corporation. ... NEW PROJECTS: New Holland Tractors investing Rs 250 cr to raise capacity Ahmedabad, Sept. 12 New Holland Tractors (India) Pvt Ltd, a 100 per cent subsidiary of CNG Global N.V. and part of the $91-billion Fiat Group, will invest Rs 250 crore to enhance its production capacity in the next three years at its Greater ... OUTLOOK: NTPC’s plant in Orissa facing coal shortage Heavy rains hit transportation of coal. Bhubaneswar, Sept. 12 State-run NTPC Ltd’s 3,000 MW Kaniha power plant in Orissa is reeling under a coal shortage due to supply disruptions from Mahanadi Coal Fields, a senior company official said ... ALLIANCES & JOINT VENTURES: Alok Ind, Zameen in pact to promote fair-trade cotton Mumbai, Sept. 12 Alok Industries Ltd, one of the leading integrated textile companies, has signed a memorandum of understanding with Zameen Organic Ltd, a cotton trade company owned by Small Farmers’ Associations, for promoting organic ... OVERSEAS INVESTMENTS: Adani Group looking to buy palm oil plantations abroad Kolkata/Ahmedabad, Sept. 12 After having gained sufficient strength in international trade, refining and marketing of edible oil in India, the Adani Group is now set for overseas acquisition as part of backward integration. ... OUTLOOK: ‘Ratnagiri Gas to generate 600 MW more by month-end’ Mumbai, Sept. 12 Ratnagiri Gas & Power Pvt Ltd (RGPPL) plant at Dabhol will start generating additional 600 MW by month end, according to a press release issued by Maharashtra’s Minister for Energy, Mr Dilip Walse Patil. ...
OUTLOOK:
Metropolis to invest Rs 20 cr more in Karnataka
OUTLOOK:
Ultra Motor’s Manesar unit to be ready in January
DIVERSIFICATION:
Lanco Infratech in talks with US, European EPCs for N-foray Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
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