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PRIVATE PLACEMENT: Hindalco to raise Rs 2,400 cr via QIP
Mumbai, June 30 Hindalco Industries will raise $500 million (Rs 2,400 crore) through qualified institutional ...

ANNOUNCEMENTS: Kingfisher Air defers audited results
Mumbai, June 30 Kingfisher Airlines Ltd has deferred announcement of its audited results for the year ended March ...

OUTLOOK: Fortis Healthcare on expansion mode
Posts Rs 79 lakh standalone net loss. New Delhi, June 30 Fortis Healthcare Ltd plans to expand its operations by adding at least 1,000 beds over the next 18 months. Apart from acquisitions, the Group is setting up two greenfield hospitals in ...

CORPORATE DISPUTES: No gas sales agreement without Govt nod, says RIL
New Delhi, June 30 Mukesh-Ambani led Reliance Industries Ltd (RIL) has communicated to Anil Ambani-led Reliance Natural Resources Ltd (RNRL) that without the Government nod it would not sign any agreement on D6 ...

PRIVATE PLACEMENT: Emami to raise Rs 350 cr thru QIP
Kolkata, June 30 Emami Ltd plans to raise around Rs 350 crore through qualified institutional placements (QIP) primarily to reduce debts in its books. A portion of the fund will also be used to finance capital expenditure for its ...

NEW PROJECTS: Sterlite funding for Orissa power project
Mumbai, June 30 Sterlite Industries (India) said on Monday that it had tied up funds for a 2,400-MW Orissa power ...

PRIVATE PLACEMENT: GMR Infra withdraws QIP offer
Bangalore, June 30 GMR Infrastructure Ltd informed the Bombay Stock Exchange on Tuesday that it has decided to withdraw its QIP (qualified institutional placements) because of various reasons, including poor ...

ALLIANCES & JOINT VENTURES: MICE centre planned on FACT land
Kerala State Industrial Development Corporation (KSIDC) and the Fertilisers and Chemicals Travancore Ltd (FACT) plan to form a joint venture to establish a trade, exhibition and convention complex in ...

NEW BUSINESS: Tata Power bags OPG contracts
Mumbai, June 30 Tata Power Company has signed contracts with the Chennai-based OPG Group relating to its power plants, according to a release from the company. As per the contract, Tata Power will provide operation and maintenance service to ...

FINANCIAL PERFORMANCE: Retrofit costs haunt Suzlon earnings
Strong growth in volumes during the quarter. BL Research Bureau A strong 37 per cent growth in Suzlon Energy’s volumes for the quarter ended March 2009 over a year ago numbers provided little succour to Suzlon’s earnings picture as ...

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