Business Daily from THE HINDU group of publications
Saturday, May 30, 2009
ePaper | Mobile/PDA Version | Audio | Blogs
Business Daily from THE HINDU group of publications Saturday, May 30, 2009 ePaper | Mobile/PDA Version | Audio | Blogs |
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PEOPLE: To drive through rough terrain TELANG’S CHALLENGE. Chennai, May 29 Mr Prakash M. Telang, 61, who will take over as Tata Motors’ Managing Director – India operations, is a hands-on professional, and is considered by those who have worked with him as one who ... MERGERS & ACQUISITIONS: GMR Group signs deal to buy Island Power To acquire Intergen’s stake in Singapore-based company. Bangalore, May 29 The GMR Group has signed an agreement to buy 100 per cent stake in Singapore-based private electric utility Island Power, which is developing an 800-MW power plant ... OUTLOOK: Cera Sanitaryware to market foreign brands, make new products Leading bathroom solutions provider Cera Sanitaryware Ltd plans to import Italian and Chinese products for marketing in India and set up a new plant near here with an investmentof Rs 20 crore to introduce new products ... ALLIANCES & JOINT VENTURES: NTPC, CIL plan venture for mining, power plant NTPC Ltd and Coal India Ltd (CIL) will shortly enter into an agreement for launching a 50:50 joint venture for mining coal as well as setting up a 4,000 MW pit head power plant at Brahmani coal block near Rajmahal coalfields in ... OUTLOOK: MRF unit to reach full capacity soon Chennai, May 29 MRF’s Arakonam unit, which was under lock-out between May 17 and 27, expects to reach full capacity of production “within a couple of days,” according to a press release from ... BUYBACK: Simbhaoli buys back $25-m FCCBs New Delhi, May 29 Simbhaoli Sugars Ltd (SSL) has announced that it has bought back foreign currency convertible bonds (FCCB) of $25.11 million face value at an average discount of 60.3 per cent. The move, the company claimed, would save it ... ANNOUNCEMENTS: Suzlon's Martifer payment ... AUDITING: Wockhardt changes auditor Drug-maker Wockhardt Ltd has appointed BDO Haribhakti as its auditors for the financial year starting January 1, 2009. The firm is to be retained for five years, a Wockhardt note said. “This new appointment is keeping in line ... 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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