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CORPORATE
FINANCIAL PERFORMANCE:
Tata Steel consolidated net down 61% on demand dip
Company to axe over 2,000 jobs in Europe. Mumbai, June 25 Tata Steel has reported a 61 per cent drop in its consolidated net profit at Rs 4,849 crore for the year ended March 31, 2009, against Rs 12,322 crore registered in the same period last ...
MERGERS & ACQUISITIONS:
Great Offshore: ABG may revise offer next week
Waiting for Bharati Shipyard to make a move now. Mumbai, June 25 ABG Shipyard Ltd will revise its offer price for Great Offshore after Bharati Shipyard announces its offer price next week, said an ABG ...
MERGERS & ACQUISITIONS:
No smooth sailing for Novartis, Pfizer open offers
Bid to hike stake in Indian subsidiaries. Mumbai, June 25 It has not been a smooth sailing for multinational drug companies Novartis and Pfizer looking to hike stake in their Indian ...
NEW PROJECTS:
GAIL plans 2 pipeline projects
To invest Rs 7,600 crore. Bangalore, June 24 The board of the public sector GAIL (India) Ltd has approved a Rs 7,600-crore investment for two pipeline projects linking Karnataka to the National ...
MERGERS & ACQUISITIONS:
DuPont acquires cotton seed biz of two companies
Hyderabad, June 25 In a significant move, DuPont has entered the cotton business in India, by announcing the acquisition of the seed business of ...
OVERSEAS INVESTMENTS:
Kirloskar Brothers priming for overseas buys
Kolkata, June 25 Pump major Kirloskar Brothers Ltd is eyeing acquisitions in the US, the UK and the Far East, according to its Vice-President and Sector Head, Mr ...
PEOPLE:
Industry lauds Nilekani’s appointment
Infosys may miss his experience, guidance, say analysts. Bangalore, June 25 The industry lauded Government’s move to appoint Mr Nandan Nilekani as head of the Unique Identification Authority, though analysts were divided on the impact of ...
TECHNOLOGY:
Unclear standards, cost brake Volvo’s ‘green’ moves
Bangalore, June 25 Volvo is keen to test its ‘green technology’ in India but is constrained by the infrastructure sector not evolving clear standards for emission control and the prohibitive cost of the hybrid power equipment it ...
OUTLOOK:
GM creating supplier base for power-trains project
Chennai, June 25 General Motors India (GMI) will start export of power-trains from its new facility at Talegaon near Pune from early 2011. It has set a target of exporting at least 20 per cent of its ...
COURTS/LEGAL ISSUES:
HC order on gas: Reliance still weighing options
New Delhi, June 25 Reliance Industries on Thursday said it is still evaluating options before firming up its next move following the Bombay High Court order which directed it to supply gas to Anil Ambani company, Reliance Natural Resources Ltd ...
OVERSEAS INVESTMENTS:
Tata Power to set up plant in Netherlands
Mumbai, June 25 Tata Power has signed a memorandum of understanding with Tata Steel and Corus Staal BV for building a 525 MW combined heat and power plant at Corus’ IJmuiden works in the ...
NEW BUSINESS:
Areva T&D gets JSPL order
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PRIVATE PLACEMENT:
Peninsula Land plans capital hike
Mumbai, June 25 Peninsula Land said that its Board of directors has approved a proposal to raise further capital by way of issue of equity shares of face value of Rs 2 each, subject to a ceiling that the number should not exceed 6 crore and ...
AWARDS & HONOURS:
Sajjan Jindal gets award
The JSW Steel Vice-Chairman and Managing Director, Mr Sajjan Jindal, was awarded the 19th Willy Korf/Ken Iverson Steel Vision Award at the Steel Survival Strategies XXIV conference in New York for elevating JSW Steel to the select set of ...
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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