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Wednesday, July 08, 2009
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OUTLOOK: Budget decision could drill hole in oil co finances
Definition of ‘undertaking’ with retrospective effect queers pitch. Kolkata, July 7 The Budget decision to retrospectively treat all blocks licensed under a single contract as one undertaking may dog the Indian oil and gas industry ...

TAXATION: Corporate taxes: Who paid the most and the least
Software service enjoys lowest incidence; engg, banking among highest. Chennai, July 7 Software, power, pharmaceuticals and property developers. Companies in these sectors may have the most to fear from any concerted attempt by the Government to ...

OUTLOOK: Hyundai to start diesel engine production by next year-end
Meeting the demand for i-20, Verna; plant likely in Chennai. New Delhi, July 7 Hyundai Motor India expects its diesel plant, likely to be set up near Chennai, to commence operations by the end of next ...

ALLIANCES & JOINT VENTURES: Ratnagiri Gas pact with GE Energy
Ratnagiri Gas and Power Plant has entered into a long-term agreement with GE Energy to service and rehabilitate its power plant at Dabhol. The eight-year agreement that could be further extended by another eight years was signed here today. ...

COURTS/LEGAL ISSUES: Reliance-RNRL case: SC issues notices
New Delhi, July 7 The Supreme Court on Tuesday issued notice to Mukesh Ambani-led Reliance Industries and Anil Ambani-run Reliance Natural Resources Ltd on cross appeals filed by both the companies against an interim order of the Bombay ...

OVERSEAS INVESTMENTS: TRF takes over Dutch Lanka Trailer
Kolkata, July 7 TRF Ltd, a Tata group company, has acquired controlling stake in Dutch Lanka Trailer Manufacturers Ltd (DLT) of Sri ...

EVENTS: Corporate bonhomie
...

NEW PROJECTS: Toshiba JSW setting up Rs 800-cr turbine plant near Chennai
Chennai, July 7 Toshiba JSW Turbine and Generator Pvt Ltd (Toshiba JSW), a joint venture between Toshiba of Japan and JSW Group of India, has finalised plans to put up a turbine and generator manufacturing facility near Chennai, with ...

PERFORMANCE: Tata Steel sales, output up in June
Mumbai, July 7 Tata Steel has reported 38 per cent rise in production at 5.26 lakh tonnes (lt) in June against 3.82 lt in the corresponding period ...

OUTLOOK: Dr Reddy’s sees better show from Betapharm this year
Hyderabad, July 7 Pharma major Dr Reddy’s Laboratories Ltd is expecting its German arm, Betapharm, to perform better during the current ...

OPEN OFFERS: Bharati Shipyard ups open offer price to Rs 405
Mumbai, July 7 Bharati Shipyard, which acquired 19.47 per cent stake in Great Offshore last month, has increased its open offer price to Rs 405 a ...

ALLIANCES & JOINT VENTURES: Vizag port, RITES sign pact
...

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




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Markets (July 07)
Nifty (at close)4,202.15 (+36.45)
US Dollar (Buy/Sell)48.44/45
Brent crude (a bbl) Rs3,063
Gold (a gram) Rs1,353
Silver (a kg) Rs22,765

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