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Tuesday, June 23, 2009
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NEW PROJECTS: Renault puts India car plans on the fast track
Mumbai, June 22 French carmaker Renault has completely recast its plans for India as part of a new, aggressive approach that will see it producing cars in its Chennai plant ...

CORPORATE DISPUTES: NTPC to get gas from Reliance at $4.2
Pact excludes Kawas, Gandhar units. New Delhi, June 22 NTPC Ltd is close to signing a deal with Reliance Industries Ltd (RIL) for gas from the D6 block at $4.2/mBtu at the landfall point. The deal covers all of the public sector power ...

MERGERS & ACQUISITIONS: Reports of Addax bid, court verdict pull down Reliance
Fears over refining margin too affect sentiment; RNRL too surrenders gains. Mumbai, June 22 The stock of Reliance Industries Ltd (RIL) continued its downward movement on Monday following reports that the company was in the race for acquiring ...

OUTLOOK: Texmaco to raise funds through equity, debt
Financing heavy engineering projects. Kolkata, June 22 The Rs 807-crore Texmaco plans to raise funds through equity and debt to finance its proposed heavy engineering ...

RESTRUCTURING: Emami paves path to list reality biz post-revamp
Kolkata, June 22 Emami Ltd, in its restructuring plan, has ensured that its residual reality business and the residual reality of Zandu Pharmaceutical Works would be de-merged to become two new ...

ACCOUNTANCY: ICAI to set up centre of excellence in Bangalore
Mangalore, June 22 The Institute of Chartered Accountants of India (ICAI) will set up a centre of excellence on a 10-acre campus in Bangalore, said Mr K. Raghu, Chairman of the Infrastructure Committee of ...

CORPORATE DISPUTES: ‘Misunderstanding’ takes Pyramid Saimira MD to police
Chennai, June 22 A ‘misunderstanding’ on the terms of settlement between Indiabulls and Saimira Holdings and Services Pvt Ltd, today led Mr P.S. Saminathan, Managing Director, Pyramid Saimira Theatres Ltd, to ...

MERGERS & ACQUISITIONS: Tenon buys Rotopower Projects
New Delhi, June 22 Facility management firm Tenon Property Services, a subsidiary of LSE-listed and Singapore-based Mortice Ltd, has acquired Delhi-based Rotopower Projects Pvt Ltd for a consideration of Rs ...

NEW BUSINESS: Jindal Saw bags Rs 1,000 cr worth orders
Mumbai, June 22 Jindal Saw Ltd, one of the largest saw pipe manufacturers, has bagged orders worth Rs 1,000 crore for supply of large diameter pipes and ductile iron pipes in domestic and export markets. The orders are scheduled to be executed ...

COURTS/LEGAL ISSUES: Jet, Sahara ready to settle out of court
Mumbai, June 22 The Bombay High Court has adjourned the tax dispute case between Jet Airways and Sahara India Commercial Corporation Ltd (SICCL) to July 2. The two companies have also indicated that they are willing to go in for an ...

NEW BUSINESS: BHEL bags Rs 105-cr order from IOC
New Delhi, June 22 State-owned Bharat Heavy Electricals Ltd (BHEL) on Monday said it has bagged a Rs 105-crore order from Indian Oil Corporation for setting up a captive power plant at the latter’s Barauni Refinery ...

NEW BUSINESS: ABB bags Kolkata airport order
Bangalore, June 22 ABB, the leading power and automation group, has received an order of Rs 55 crore to provide the electrical infrastructure for modernisation of Kolkata airport. The order provides complete power supply package for the ...

NEW BUSINESS: Orders worth Rs 358 crore for NCC
...

PREFERENTIAL ALLOTMENTS: Max India allots shares to IFC
New Delhi, June 22 Max India Ltd has allotted 1.03 crore equity shares of the company to International Finance Corporation (IFC) on a preferential ...

MERGERS & ACQUISITIONS: NTPC buys 44.6% in TELK
New Delhi, June 22 NTPC Ltd said on Monday it was buying a 44.6 per cent stake in Transformers and Electricals Kerala Ltd (TELK), from the Kerala ...

INTERVIEW: E&Y sees no robust growth for passenger vehicles this fiscal
Mumbai, June 22 The current financial year will be a flat period for the domestic passenger car market while commercial vehicle segment may see a negative growth. The two-wheeler sector is expected to show moderate growth, according to Mr ...

AWARDS & HONOURS: Geojit team wins KMA trophy
Geojit BNP Paribas Financial Services Ltd, Kochi, bagged the 27th Annual Competition for Young Managers 2009 organised by the Kerala Management Association, and lifted the KMA-Toshiba Anand Rolling Trophy. This is the second consecutive year ...


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




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Markets (June 22)
Nifty (at close)4,235.25 (-78.35)
US Dollar (Buy/Sell)48.38/39
Brent crude (a bbl) Rs3,283
Gold (a gram) Rs1,354
Silver (a kg) Rs23,505

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