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CORPORATE
OUTLOOK:
Reliance sheds export unit tag for Jamnagar refinery
New status to help larger domestic sales, revive its oil retail biz. New Delhi, April 16 Reliance Industries Ltd (RIL) has converted its first refinery (33 million tonne/year) at Jamnagar from an Export Oriented Unit (EoU) to a normal status so ...
OUTLOOK:
Tatas, Canadian iron ore co may start production in 2011
Project approval likely by December. Kolkata, April 16 The Tatas and the Canadian iron ore prospecting company, New Millennium Capital Corporation, propose to start mining and direct shipment of ore to Corus from April-June quarter of ...
ACCOUNTANCY:
Karnik sees no merit in ICAI poser on Satyam stake sale timing
New Delhi, April 16 The Satyam Chairman, Mr Kiran Karnik, has told Business Line that he is “really surprised and shocked” at the remarks made by the ICAI President, Mr Uttam Prakash Agarwal. On Wednesday ...
DIVERSIFICATION:
Mercator to sharpen focus on dredging, coal mining
Has acquired mines in Indonesia, Mozambique. Mumbai April 16 With the global freight market remaining dampened due to recessionary trends, Mercator Lines, India’s second largest private shipping company, has decided to sharpen focus on ...
PERFORMANCE:
L&T order book grows 24%
Engineering and construction company Larsen and Toubro has logged a healthy growth in order inflow in FY 2008-09. It has bagged orders, domestic and international, totalling about Rs 52,000 crore compared with Rs 42,000 crore the previous year, ...
PERFORMANCE:
ECIL records Rs 1,050-cr turnover
Electronics Corporation of India Ltd (ECIL) has achieved a record turnover of Rs 1,050 crore for the financial year 2008-09, up from Rs 1,002 crore the previous fiscal. The public sector undertaking has an opening order book of around Rs 1,000 ...
OVERSEAS INVESTMENTS:
Marck Bios enters Malaysia, Singapore
Marck Biosciences, manufacturer of sterile dosages pharma products, announced its plan to enter the Singapore and Malaysian market. Marck said its manufacturing facility had received an approval from the NPCB (National Pharmaceutical ...
NEW BUSINESS:
Areva gets PGCIL order
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OUTLOOK:
Shell’s spot LNG drops to domestic natural gas price level
May decline further to US, European benchmark rates on recession. Kolkata, April 16 For long domestic natural gas production was the cheapest source of gas in India but no ...
ALLIANCES & JOINT VENTURES:
Natco Pharma, Dr Reddy’s in pact for oncology drugs
Hyderabad, April 16 Natco Pharma Ltd has entered into an agreement with Dr Reddy’s Laboratories Ltd for development, manufacture and supply of value-added generic oncology drugs for global ...
OUTLOOK:
Dr Reddy’s to begin supply to Germany’s health insurance fund
Legal hurdles for $3.5-b tender cleared. Hyderabad, April 16 Pharma major Dr Reddy’s Laboratories Ltd will start supplying drugs to Germany’s largest health insurance fund, Allgemeine Ortskrankenkasse (AOK) as legal hurdles for the ...
NEW BUSINESS:
Punj Lloyd to build 8 stations for Bangalore Metro
Mumbai, April 16 Infrastructure major Punj Lloyd Group has secured three contracts worth Rs 308 crore from the Bangalore Metro Rail Corporation for the construction of eight ...
PRIVATE PLACEMENT:
Unitech raises $325 m via QIP
New Delhi, April 16 Real estate company Unitech has raised nearly $325 million by selling fresh shares to institutional investors via a qualified institutional placement (QIP) ...
OUTLOOK:
Manjushree focuses on multilayer packaging
Bangalore, April 16 Multilayer packaging, which is relatively new in the market, is set to become a vogue in the next two to three years prompting the Bangalore-based Manjushree Extrusions to plan additional capacity. Though the company has ...
Columnists:
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C Gopinath
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Harish Bijoor
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Ramanujam Sridhar
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Radhika Chada
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K Srikrishna
Comments & Letters to the Editor to: bleditor@thehindu.co.in
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