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CORPORATE
ANNOUNCEMENTS:
News of shutdowns, output cuts sends stocks crashing
Eight cos lose between 14 and 45% following announcements. Mumbai, Nov. 18 Stock prices of companies that have recently announced partial shut downs or production cuts at their manufacturing plants have taken a beating in the past ...
OUTLOOK:
Weak demand leading to project deferments: DLF
High home loan rates blamed for slowdown in realty. New Delhi, Nov. 18 The Chairman of DLF Ltd, Mr K.P. Singh, on Tuesday said that weak demand for real estate due to high interest rates is leading to deferment of projects, including its own, ...
OUTLOOK:
Porsche upbeat on India, to launch Panamera in 2009
Plans to set up new dealerships in 4 cities. Aamby Valley, Nov. 18 German super sports car manufacturer Porsche AG is upbeat on the Indian market and hopes to launch its four-door super sedan Panamera by late ...
OUTLOOK:
Hyundai to consider output cut despite 28% growth
‘Last few months have been extremely challenging’. Hyderabad, Nov. 18 In spite of a 28 per cent growth in the domestic car market for Hyundai Motor India, the company may consider production cuts if the current slowdown ...
TRADE & LABOUR UNIONS:
Settlement for VRS at Dunlop Ambattur unit
6-month deadline for workers to exit thru VRS. Chennai, Nov. 18 The Dunlop Factory Employees Union and the Dunlop management have set a six-month deadline to allow all the workers at the Ambattur factory to exit through a voluntary retirement ...
ANNOUNCEMENTS:
Tata Steel down as Corus extends production cut
Kolkata, Nov. 18 Tata Steel stock slid around one per cent on Tuesday though the company announced that September quarter results of Corus would be consolidated and taken on record on November ...
ALLIANCES & JOINT VENTURES:
Adani group signs pact to develop auto hub at Mundra port
Ahmedabad, Nov 18 The Adani Group’s Mundra Port and Special Economic Zone Ltd (MPSEZ) has signed a memorandum of understanding (MoU) in Mumbai for setting up a dedicated automobile terminal with Nippon Yusen Kaisha (NYK) of Japan ...
OUTLOOK:
Dhamra port keen on creating handling facilities on Talcher-Dhamra waterway
Kolkata, Nov. 18 Dhamra Port Company (DPCL) Ltd, a Tata Steel and Larsen & Toubro joint venture engaged in setting up a bulk items handing port at Dhamra (Orissa), is keenly watching the declaration of the Talcher-Dhamra river systems as ...
OVERSEAS INVESTMENTS:
ONGC Videsh wins 2 blocks in Colombia
New Delhi, Nov. 18 ONGC Videsh Ltd (OVL), the wholly owned subsidiary of ONGC, has bagged two hydrocarbon exploration blocks in Colombia. In a statement issued here on Tuesday, OVL said CPO 5 and SSJN 7 are onshore ...
HUMAN RESOURCES:
Temporary closure
...
NEW PROJECTS:
KSH group sets up ICD at Talegaon
Pune, Nov. 18 The Pune-based KSH group has made a foray into the logistics infrastructure space and set up a modern inland container depot (ICD) at Talegaon. The company, which is engaged in manufacturing, auto parts servicing and ...
NEW BUSINESS:
L&T bags Rs 700-cr order for hydrogen generation units
Mumbai, Nov. 18 Larsen & Toubro has secured a Rs 700-crore order from HPCL-Mittal Energy Ltd (HMEL), a joint venture of Hindustan Petroleum Corporation Limited and Mittal Energy ...
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