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CORPORATE
NEW PROJECTS:
Consultant confirms oil, gas in Reliance K-G blocks
Chennai, May 28 Petroleum consultant Gaffney, Cline & Associates Ltd has confirmed the presence of oil and gas in two offshore blocks in the Krishna-Godavari basin — D3 and ...
NEW PROJECTS:
SAIL likely to double capex up to Rs 10,000 cr
Q4 net dips 38% at Rs 1,487 cr. New Delhi, May 28 The Steel Authority of India expects to nearly double it capital expenditure to Rs 10,000 crore during this fiscal, said its Chairman, Mr S.K. Roongta. SAIL plans to borrow to the tune of Rs ...
FINANCIAL PERFORMANCE:
Mahindra’s Q4 net rises 89% to Rs 418 cr
Savings on forex, stake sale in Swaraj Mazda boost bottomline. Mumbai, May 28 Mahindra & Mahindra has reported an 89 per cent growth in net profit at Rs 418 crore for the fourth quarter of 2008-09 as against Rs 221 crore in the same period ...
NEW BUSINESS:
GMR Infra team bags AP highway project
Hyderabad, May 28 The consortium led by GMR Infrastructure Ltd has won the 181 km Hyderabad–Vijayawada highway project to be executed on a Build, Operate and Transfer (Toll) basis through international competitive bidding ...
PEOPLE:
Thomas Cook India gets new chief
Thomas Cook India (TCIL) informed Bombay Stock Exchange on Thursday that Mr Udayan Bose will step down as the non-executive Chairman of the company. Mr Heinrich-Ludger Heuberg, Chief Executive Officer, Group Operations, Thomas Cook Group plc, ...
ALLIANCES & JOINT VENTURES:
Coromandel Fert, Dutch co pact
Coromandel Fertilisers Ltd has signed a joint venture agreement with Soquimich European Holdings BV, Netherlands, a subsidiary of SQM, Chile, for setting up 15, 000 tonne water soluble fertilisers (NPK grades) plant at Kakinada in Andhra ...
OUTLOOK:
Orient Ceramics to add 400 new retailers
Focus on Europa brand penetration; plans ultra-vitrified tiles launch in Q3. Orient Ceramics and Industries Ltd is planning to ramp up its retail distribution network by adding 400 new ...
OUTLOOK:
BOC India may get IISCO contract
BOC India is poised to securing a long-term gas supply contract from IISCO. SAIL sources told Business Line on Thursday that proposed contract was for IISCO ...
MERGERS & ACQUISITIONS:
Novartis hikes offer price to Rs 450 a share
Mumbai, May 28 Swiss drugmaker Novartis has increased its offer price to acquire an additional 39 per cent in Novartis India Ltd, from the initially proposed Rs 351 to Rs 450 a ...
OUTLOOK:
JSW Steel looks to raise $1 b
New Delhi, May 28 JSW Steel is looking to raise $1 billion (Rs 4,760 crore) through Qualified Institutional Placements, Foreign Currency Convertible Bonds, Global Depository Receipts, American Depository Receipts or ...
OUTLOOK:
L&T bullish on power generation biz
Mumbai, May 28 Larsen & Toubro will pay special emphasis to its power, defence and shipyard segments as part of its overall growth strategy. “We expect power generation to be big business in the future,” Mr A.M. Naik, Chairman ...
TRADE & LABOUR UNIONS:
Hyundai Excavators workers protest over job cuts
Pune, May 28 Work at the Chakan factory of Hyundai Construction Equipment India Private Ltd (HCEIL) came to a standstill today as several employees agitated outside the gate to protest against being given pink ...
MERGERS & ACQUISITIONS:
New deadline for JLR bridge loan
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MERGERS & ACQUISITIONS:
Suzlon resets loan for REpower buy
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NEW PROJECTS:
Siemens to invest Rs 275 cr in steam turbine facility
Chennai, May 28 Siemens Ltd has said that it will invest Rs 275 crore to triple capacity of its steam turbine manufacturing facility in Vadodara, ...
PEOPLE:
ICI India gets new MD
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OUTLOOK:
Maytas in talks for funds
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ANNOUNCEMENTS:
Matrix gets nod to delist shares
Matrix Laboratories Ltd has obtained approval for its proposed voluntary delisting of shares on the BSE and NSE at an extraordinary general meeting, held on April 30. The meeting also approved the appointment of Mr S. Srinivasan as CEO and ...
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
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