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CORPORATE
NEW PROJECTS:
‘Govt cannot return more than 70 acres from Nano plant site’
Bengal to make public details of revised compensation package. Kolkata, Sept. 13 Uncertainty looms large over the future of the Tata Motors Nano plant in Singur with the ruling Left Front stating emphatically that it would not be possible for ...
NEW PROJECTS:
ArcelorMittal to educate farmers on land compensation funds
In talks with banks for guidance on investments. New Delhi, Sept. 13 ArcelorMittal is in talks with bankers to evolve a mechanism to provide appropriate investment advice to the farmers and local people whose lands would be acquired for its ...
PEOPLE:
Agriculture is the in thing in biz, says Jim Rogers
Mumbai, Sept. 13 Agriculture is the business to be in, and if one wants to become rich, one should become a farmer, remarked Mr Jim Rogers, a well known global investor known for his interest in commodities. Young Indians should take up ...
DIVERSIFICATION:
Colliers to enter hospitality biz
Colliers International, international property consultants, is expanding its service offering across south India and getting into hospitality business. Addressing a press conference at the launch of India Property Market Overview, a report on the ...
NEW PROJECTS:
Greenply to set up Rs 250-cr facility
Greenply Industries Ltd (GIL), a player in plywood and laminate industry, has laid the foundation stone of its MDF factory in Rudrapur, Uttarakhand, next to its existing plant. The plant, which will be set up at an estimated cost of Rs 250 crore, ...
MERGERS & ACQUISITIONS:
Nelcast close to acquiring Pritika Industries
Chennai, Sept. 13 The Chennai-based Nelcast Ltd is close to acquiring a majority stake in Pritika Industries Pvt Ltd, a company that produces castings and forgings from its plants in Punjab and Himachal ...
MERGERS & ACQUISITIONS:
TPG picks up 49% stake in Shriram Retail
Chennai, Sept. 13 TPG Capital, a global private equity investment firm, has picked up 49 per cent stake in Shriram Retail Holdings, the holding company of Shriram City Union Finance Ltd (SCUFL), for a consideration of Rs 530 crore. ...
OVERSEAS INVESTMENTS:
NHPC to establish presence in Myanmar
Gangtok, Sept. 13 NHPC Ltd is to soon set its footprints in Myanmar. NHPC, according to its Chairman and Managing Director, Mr S.K. Garg, will be signing MoUs with the Myanmar Government next week for developing two power projects totalling ...
NEW PROJECTS:
NHPC seeks Sikkim help to complete power projects
Gangtok, Sept. 13 NHPC Ltd has sought the help of the Sikkim Government for expeditious completion of two mega power projects undertaken by it in the ...
NEW PROJECTS:
Suguna Poultry unveils broiler shed with climate control
Coimbatore, Sept. 13 Suguna Poultry Farm has launched the first environment-controlled (EC) commercial broiler sheds in Madurai ...
PERFORMANCE:
‘Other income’
Had you followed the quarterly results of companies over the last one year, you would not have missed the huge growth in ‘other income’ earned by them. In the June, September and December quarters of 2007, the ‘other ...
CORPORATE GOVERNANCE:
Seminar on corporate governance
Corporate governance is an important aspect in every sphere of industry, commerce and management in the country, according to Mr P.D. Sudhakar, Additional Secretary, Ministry of Corporate Affairs. He was addressing a seminar on corporate ...
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