Business Daily from THE HINDU group of publications
Tuesday, December 23, 2008
ePaper | Mobile/PDA Version | Audio | Blogs
Business Daily from THE HINDU group of publications Tuesday, December 23, 2008 ePaper | Mobile/PDA Version | Audio | Blogs |
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ANNOUNCEMENTS: Cairn strikes more oil, gas in Rajasthan block New Delhi, Dec. 22 Cairn India Ltd has struck more oil and gas in its Rajasthan block which could take the estimated production from the area beyond the targeted 175,000 barrels a day ... OUTLOOK: Renault weighs Logan hatchback option for Nashik Will help in utilising unit’s spare capacity. Mumbai, Dec. 22 French automaker, Renault, is exploring the option of producing the Logan hatchback at Nashik, which is already home to the ... NEW PROJECTS: Crompton Greaves scales down capital spending Volatile market condition seen as the reason. Mumbai, Dec. 22 Power equipment major Crompton Greaves Ltd had decided to scale down its capex for the fiscal to Rs 150 crore from the earlier target of Rs 220 crore, due to market conditions, said ... OUTLOOK: GAIL agrees to supply additional gas to RIL For Reliance’s Kakinada-Baruch east-west pipeline. New Delhi, Dec. 22 GAIL (India) Ltd has agreed to supply an additional 20 million standard cubic metres (mscm) of gas to Reliance Industries Ltd (RIL) for the commissioning of the ... ALLIANCES & JOINT VENTURES: Nalco in JV with UAE firm National Aluminium Co Ltd (Nalco) has entered in a memorandum of understanding (MoU) with United Arab Emirates (UAE) based Rak Minerals & Metals Investments (RMMI) for setting up smelter in the new aluminium project in Indonesia. ... OUTLOOK: ONGC sticks to investment plans ONGC will go ahead with its investment plans despite the pressure on its margins due to steep fall in international crude prices. Speaking to newspersons, ONGC Chairman and Managing Director, Mr R.S. Sharma, said,“Today’s price is ... ANNOUNCEMENTS: Hinduja Foundries cuts working days Hinduja Foundries Ltd has further reduced the number of working days due to poor demand, according to information provided to the stock exchange. Mr V. Mahadevan, Managing Director, Hinduja Foundries, said the company announced block holiday ... NEW BUSINESS: Navayuga bags Rs 6,000-cr port project in Orissa Hyderabad, Dec. 22 Navayuga Engineering Company, which developed the Krishnapatnam port in Andhra Pradesh, has bagged yet another port project. It has won the mandate for setting up a Rs 6,000-crore deep water, all-weather port at Astaranga ... CREDIT RATING: Quantum of downgrades in corporate ratings up: Crisil Slowdown necessitates more frequent surveillance. Kolkata, Dec. 22 There have been more downgrades than upgrades in corporate ratings and the number is expected to move up in the days to come, according to senior officials in the rating ... NEW PROJECTS: Hatsun Agro to double ice cream production with Salem unit Chennai, Dec. 22 Chennai-based Hatsun Agro Product Ltd is doubling its ice cream output with a million-litre-a-month factory at ... DIVERSIFICATION: Suchirindia diversifies into theme parks, budget hotels Hyderabad, Dec. 22 Suchirindia Developers is diversifying into entertainment, hospitality and theme parks. It is in the process of setting up a casino in Colombo. The company is awaiting necessary clearances for the casino from the Sri ... RIGHTS ISSUE: Country Club rights issue Country Club India Ltd’s board of directors has confirmed that despite adverse market conditions, the company will successfully initiate into operation nine new projects in the coming three months. The board, only as an enabling ... CORPORATE BONDS: Unitech to raise up to Rs 5,000 cr via issue of securities New Delhi, Dec. 22 Real estate company Unitech Ltd said on Monday it plans to raise up to Rs 5,000 crore through issue of securities. The company said this is an “enabling resolution”, and follows the expiry of a similar ... OUTLOOK: Synthite Group targets Rs 1,000 cr by 2012 Kochi, Dec. 22 The spice oleoresin major Synthite Group, after a re-branding exercise, is targeting business revenues of Rs 1,000 crore in the next four ... RIGHTS ISSUE: Fortis board to meet tomorrow on rights issue New Delhi, Dec. 22 Fortis Healthcare Ltd on Monday said that a meeting of the board of directors of the company will be held on December 24 to consider a proposal for raising funds by way of further issue of capital on “rights ... RESTRUCTURING: Jaiprakash to amalgamate subsidiary cos Chennai, Dec. 22 Jaiprakash Associates Ltd informed the stock exchanges that it will amalgamate its subsidiary companies Jaypee Cement Ltd, Gujarat Anjan Cement Ltd, Jaypee Hotels Ltd and Jaiprakash Enterprises Ltd with itself, from April ... NEW BUSINESS: BHEL bags Rs 1,175-cr order ...
NEW BUSINESS:
Petron Civil bags Rs 352-cr order Columnists: • C Gopinath • Harish Bijoor • Ramanujam Sridhar • Radhika Chada • K Srikrishna Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
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