Business Daily from THE HINDU group of publications
Thursday, June 11, 2009
ePaper | Mobile/PDA Version | Audio | Blogs
Business Daily from THE HINDU group of publications Thursday, June 11, 2009 ePaper | Mobile/PDA Version | Audio | Blogs |
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RESEARCH & DEVELOPMENT: TCS saves Rs 125 cr through R&D Mumbai, June 10 The country’s largest software exporter, Tata Consultancy Services, achieved cost savings of $26 million (about Rs 125 crore) last fiscal thanks to in-house ... MERGERS & ACQUISITIONS: NMDC to acquire majority stake in KIOCL Virbhadra Singh says no need for steel safeguard measures now. National Mineral Development Corporation (NMDC) will acquire a majority stake in the troubled KIOCL (formerly Kudremukh Iron Ore Co ... OVERSEAS INVESTMENTS: Mercator Lines targets 30 mt from Mozambique coal mine Mumbai, June 10 Mercator Lines, India’s second largest private shipping company, has targeted production of 30 million tonnes (mt) of coal from its Mozambique mine once its starts production. The mine has estimated recoverable reserves ... NEW BUSINESS: Maharashtra cancels Rs 998-cr deal to Kalpataru Power The Maharashtra Government has decided to cancel a Rs 998-crore contract awarded to Kalpataru Power Transmission (KPTL), under Phase-II of the feeder separation programme, on the grounds of substandard ... SOCIETY & DEVELOPMENT: ITC forestry initiative to benefit tribals in AP Kolkata, June 10 The social forestry initiative of ITC Ltd, which got registered under the Clean Development Mechanism, would contribute positively to the livelihoods of the tribals and rural poor in 193 villages in Khammam district of ... ANNOUNCEMENTS: Arcandor insolvency won’t impact Thomas Cook Mumbai, June 10 Thomas Cook India’s operations will remain unaffected by the changes in the shareholding of its promoters Thomas Cook Group Plc, ... RESTRUCTURING: Geometric seeks to create reserve for investments Mumbai, June 10 Geometric Ltd has sought shareholder approval to create a Rs 130-crore separate investment reserve as part of its ... NEW PROJECTS: Tata Housing to offer more low-cost homes Mumbai, June 10 Tata Housing Development Company has said that it would increase the number of low-cost homes to be built at Boisar, nearly 100 km from the city, from 1,000 ... ANNOUNCEMENTS: Govt to revive Visvesvaraya Iron & Steel Bangalore, June 10 The State Government has decided to revive Visvesvaraya Iron and Steel Ltd (VISL), Bhadravathi, which is facing shortage of iron ore following the closure of mining by KIOCL Ltd in Kudremukh ... OPEN OFFERS: Indus Hospitality to make open offer for Sterling Holiday Chennai, June 10 Indus Hospitality Fund and India Discovery Fund have together announced an open offer for the shares of Sterling Holiday Resorts Ltd at Rs 36.25 a share, to acquire 22.86 per cent of the company’s existing equity ... OUTLOOK: Dr Reddy’s Labs gets USFDA nod for Omeprazole Mg Dr Reddy’s Laboratories has received the US Food Drug Administration approval to sell Omeprazole Mg drug, which is the generic version of AstraZeneca plc’s (AZN) Prilosec and is used for the treatment of stomach ulcers and ... 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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