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OUTLOOK: CIL to float tenders for development of underground mines in 7 blocks
Another 6 blocks to be up for bids in two months. Kolkata, July 2 Coal India Ltd will float tenders for development and operation of high capacity (3-5 million-tonne a year) underground mines in seven virgin blocks on a long-term basis within ...

CORPORATE DISPUTES: Jet, Sahara tax liability case hearing put off to July 15
Mumbai, July 2 The Bombay High Court has, yet again, adjourned the tax liability dispute case between Jet Airways and Sahara India Commercial Corporation to July ...

OUTLOOK: Defiance Tech plans to expand operations
To offer tech-enabled manufacturing, enterprise solutions. Chennai, July 2 Hinduja Group Company, Defiance Tech Private Ltd, is looking at expanding its offerings including shop floor automation, digital manufacturing, component sourcing, ERP ...

OVERSEAS INVESTMENTS: Kavveri Tele buys 67% in Canadian firm
To gain access to Trackom’s RF products. Bangalore, July 2 Kavveri Telecom Products Ltd, a maker of antennas and radio frequency (RF) products for the wireless industry, has acquired a 67 per cent stake in Canada-based design and ...

ANNOUNCEMENTS: RINL expansion works launched
The civil works of air separation unit, LD converter shell assembly in steel melt shop and equipment erection of six strands continuous-billet-casting machine (CBCM) in SMS 2 were inaugurated, on Thursday, by Mr P.K. Bishnoi, Chairman and ...

NEW BUSINESS: Punj Lloyd bags Libyan contracts
...

PRIVATE PLACEMENT: Emami raises Rs 310 cr thru QIP
Emami Ltd on Thursday said it had issued 1 crore shares at Rs 310 a share of Rs 2 each through QIP route to raise Rs 310 crore. Mr R.S. Agarwal, Chairman of Emami Ltd, said that the issue proceeds would be used to retire debt, develop new ...

REGULATORY BODIES & RULINGS: Jubilant recalls hypertension drug from UK on regulator order
No significant impact on revenues, says company. New Delhi, July 2 Jubilant Pharmaceuticals NV, a subsidiary of Jubilant Organosys, has recalled a generic drug used in the treatment of hypertension from the UK ...

ANNOUNCEMENTS: NTPC bid to spread use of new technique for fly ash products
Tech developed by NIIST, Thiruvananthapuram. Hyderabad, July 2 More entrepreneurs are now getting into production of bricks and tiles using technology developed by National Institute of Interdisciplinary Science and Technology (NIIST), ...

OUTLOOK: Brigade Group to showcase projects
Bangalore, July 2 Brigade Group will hold a two-day ‘Brigade Showcase’, starting July 4, where it would showcase its projects across the real estate ...

PERFORMANCE: Godrej appliances register 27% growth in Kerala
Kochi, July 2 The Appliances Division of Godrej & Boyce Manufacturing Company Ltd has witnessed a steady growth in Kerala by registering 27 per cent growth during the first quarter of the current financial year, Mr Ramesh Chembath, ...

RESTRUCTURING: Lenders clear Maytas Infra’s CDR plan
Hyderabad, July 2 A consortium of lenders including ICICI Bank, SBI and IDBI today cleared a corporate debt restructure (CDR) package for Maytas Infra which includes immediate release of working capital, loan guarantees and ...

EVENTS: Hike of patriotism
...

RESTRUCTURING: Hindalco gets nod to amend terms of $982-m loan
Mumbai, July 2 Hindalco Industries, the Aditya Birla Group company, has received approval from lenders to amend the terms of a $982-million (Rs 4,714 crore) loan it had obtained to part-finance the acquisition of ...

NEW BUSINESS: Ramky Infra bags Rs 2,065-cr worth projects
Hyderabad, July 2 Ramky Infrastructure Ltd has announced that the company has bagged projects worth Rs 2,065 crore, including construction of eight-lane access controlled expressway coming up on the Outer Ring Road near ...

NEW BUSINESS: Ashok Leyland bags Rs 300-cr TN bus order
Chennai, July 2 Ashok Leyland has bagged a Rs 300-crore order for 1,500 buses from Tamil Nadu State Transport ...

OVERSEAS INVESTMENTS: Bridge and Roof to expand presence in W. Asia
Kolkata, July 2Public sector construction company Bridge and Roof Co (India) Ltd plans to enhance its presence in West Asian countries, especially ...

ALLIANCES & JOINT VENTURES: SAIL, Ministry in pact for Defence projects
New Delhi, July 2 Steel Authority of India Ltd has entered into an agreement with two divisions of the Military Engineering Services (MES) and the Married Accommodation Project (MAP) of the Ministry of ...

COMPANY LAW: Cabinet approves re-introduction of Cos Bill
New Delhi, July 2 The Cabinet on Thursday approved the re-introduction of the Companies Bill, 2008, as Companies Bill, 2009. The Bill aims to revise and modify the Companies Act, 1956 in consonance with the changes in the national ...

NEW BUSINESS: L&T, Tata Projects vying for Coastal Energen contract
Chennai, July 2 L&T and Tata Projects have submitted their offers for a Rs 1,500-crore ‘Balance of Plant’ job of ...

NEW BUSINESS: Rel Infra wins IT consultancy projects in Karnataka
Mumbai, July 2 Reliance Infrastructure said it has won IT consultancy projects for the five electricity distribution companies ...

HUMAN RESOURCES: Road map for work place safety
...

ANNOUNCEMENTS: Max India to issue equity shares
...

ANNOUNCEMENTS: INM cuts stake in Jagran Prakashan
Independent News & Media (INM), the publishers of The Independent has sold 7.3 per cent of its stake in India media company, Jagran Prakashan through block deals. On Wednesday the company sold 45 lakhs shares for an average price of Rs ...

OVERSEAS BORROWINGS: Strides Arcolab buys back FCCBs
Strides Arcolab Ltd has informed the stock exchanges that the company has partially bought back two tranches of its FCCBs (foreign currency convertible bonds). It bought $18.50 million aggregate face value from a $100-million FCCB at a discount ...


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




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Markets (July 02)
Nifty (at close)4,348.85(+7.95)
US Dollar (Buy/Sell)47.94/95
Brent crude (a bbl) Rs3,276
Gold (a gram) Rs1,350
Silver (a kg) Rs22,675

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