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CORPORATE
OUTLOOK:
Renault, Nissan scale down Chennai car project plan
Ultra low-cost car project with Bajaj Auto is on track. Mumbai, Dec. 9 The economic slowdown in India has prompted global allies Renault and Nissan to go in for one shift, rather than the initially planned two, at their Rs 4,500-crore Chennai ...
OUTLOOK:
M&M says slowdown beyond March hard to endure
‘If banks become more positive, things will definitely look up’. Mumbai, Dec. 9 Mahindra & Mahindra says that it can hold out in this slowdown only till March after which “some very difficult steps will have to ...
INTERVIEW:
India to be one of Magna Intl’s largest engineering centres
Chennai, Dec 9 Magna International Inc, a well-known name in the global automotive industry, makes components as well as fully built cars for third-party OEM. It has four joint ventures in India, but in an interview with ...
OPEN OFFERS:
OVL makes open offer to Imperial shareholders
New Delhi, Dec. 9 A decline in the projected return-on-investments does not seem to have come in the way of ONGC’s plan to acquire LSE-listed Imperial Energy Corporation Plc for £1.4 billion (about $2.07 ...
BUYBACK:
Bosch offers to buy back shares
Bangalore, Dec. 9 Bosch has informed the Bombay Stock Exchange that it has offered to buy back its fully paid-up equity shares of Rs 10 from the shareholders at a maximum price of Rs 4,500 a ...
NEW PROJECTS:
GVK-BHP Billiton to invest $400 m for oil hunt
Hyderabad, Dec. 9 GVK Oil & Gas Ltd is set to invest up to $400 million in the seven oil blocks along with its consortium partner in the ...
ANNOUNCEMENTS:
ACC, Ambuja cut prices
Mumbai, Dec. 9 Cement companies have responded to the reduction in excise duty by cutting prices by Rs 4 to Rs 6 ...
NEW BUSINESS:
Maytas gets Godavari water project
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