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Monday, February 02, 2009
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PERFORMANCE: Cos yet to benefit from rate cuts
Firms see interest cost spike in Dec quarter. The aggressive interest rate cuts unleashed by the RBI since October are yet to bring down interest costs for India Inc. Total interest costs for leading Indian companies increased 90 per cent in the ...

INSIGHT: India Inc invests the most in 2007-08
New Delhi, Feb. 1 Private corporates have never dominated investment activity in the Indian economy as they did in 2006-07 ...

HUMAN RESOURCES: IndianOil takes the contract route to woo talent
Kolkata, Feb. 1 IndianOil Company is trying to woo talent by offering “substantially higher compensation on ...

DIVERSIFICATION: Inkel to enter hydro-electric generation sector
Thiruvananthapuram, Feb. 1 Infrastructure Kerala Ltd (Inkel), a company promoted by the State Government to take up development of infrastructure projects, is entering the area of ...

MERGERS & ACQUISITIONS: Yash Birla group buys 51% stake in Kerala Vaidyashala
Mumbai, Feb. 1 The Yash Birla group has acquired a majority stake in ayurvedic therapy centre chain Kerala Vaidyashala through a ...

ALLIANCES & JOINT VENTURES: Areva to sign deal for setting up nuclear reactors
Mumbai, Feb. 1 French energy major Areva is expected to sign an MoU with Nuclear Power Corporation of India Ltd (NPCIL) later this week on setting up nuclear reactors in India, visiting French Minister for External Trade Ms Anne-Marie Idrac ...

NEW PROJECTS: Shantha Biotechnics to set up new vaccine facility
Hyderabad, Feb. 1 Shantha Biotechnics Ltd will be setting up a new modern vaccine manufacturing complex at Muppireddypally village in Ranga Reddy district of ...

NEW PROJECTS: Subburaj Papers greenfield plant goes on stream
Chennai, Feb. 1 Subburaj Papers Pvt Ltd has commissioned a 300 tonne-a-day recycled paper plant set up at a cost of Rs ...

FINANCIAL PERFORMANCE: GVK Power net falls in Q3
Hyderabad, Feb. 1 The net profit of GVK Power and Infrastructure Ltd for the third quarter ended December 31, 2008 slipped to Rs 22.29 crore from Rs 40.35 crore registered for the same period last year. The company also recorded lower ...

OUTLOOK: Raha Poly plans retail expansion
...

FINANCIAL PERFORMANCE: Rashtriya Chem net up 14%
...


Columnists: C Gopinath Harish Bijoor Ramanujam Sridhar Radhika Chada K Srikrishna




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Markets (Jan 31)
Nifty (at close)2,874.55(+50.60)
US Dollar (Buy/Sell)48.87/88
Brent crude (a bbl) Rs2,203
Gold (a gram) Rs1,303
Silver (a kg) Rs21,530

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In Focus
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Looking back
Jan. 25-Jan. 31
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