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Tuesday, November 24, 2009
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PRIVATE PLACEMENT: JSW Energy to raise Rs 2,700 cr through IPO
Mumbai, Nov. 23 JSW Energy, a wholly-owned subsidiary of the JSW Group, plans to raise Rs 2,700 crore through an initial public offering. The issue is scheduled to open on December 7 and close on ...

MERGERS & ACQUISITIONS: Marketmen give thumbs-up to Reliance proposal
Deal has potential to offer significant size advantage: HSBC. Mumbai, Nov. 23 Reliance Industries Ltd (RIL) was among the top gainers on the bourses as the scrip rose on the back of last week’s news of the company submitting a non-binding ...

RESTRUCTURING: McNally Bharat readying for major restructuring
Focus to be on expanding global presence. Kolkata, Nov. 23 McNally Bharat Engineering Company Ltd (MBECL) is gearing up for a major restructuring with an accent on consolidation, increasing its global presence and expanding into ...

ALLIANCES & JOINT VENTURES: Renault to continue with M&M for Logan, says Ghosn
French carmaker working on new retail strategy for its products. Mumbai, Nov. 23 Renault has no intentions of upsetting the applecart with Mahindra & Mahindra on the ...

MERGERS & ACQUISITIONS: US co Millipore buys out 60% stake in Indian joint venture
The stake was held by Kemwell’s Subhash Bagaria. Bangalore, Nov. 23 US-based Millipore Corporation, which provides products and services to pharma and biotech companies, on Monday said it had bought out the 60 per cent stake in its Indian ...

NEW PROJECTS: Toyota keen to set up engine unit at second plant
Toyota said on Monday that it is mulling over the decision to set up an engine and transmission plant in ...

AWARDS & HONOURS: Steel Minister’s trophy for RINL
Rashtriya Ispat Nigam Ltd (RINL) has bagged the first Steel Minister’s Trophy for 2006-07 for being the best integrated steel plant in the country (runners up), according to a press release. Mr P.K Bishnoi, Chairman and Managing Director, ...

OVERSEAS INVESTMENTS: BPCL, Videocon consortium strike more oil in Brazil
Bharat Petroleum Corporation’s overseas exploration and production business has received a shot-in-the-arm with a substantial discovery of oil ...

OUTLOOK: Metso board meets in India
‘India is key market and big growth opportunity’. New Delhi, Nov. 23 India is playing host to the entire top brass of the €6.4-billion Finnish engineering and technology group Metso Corporation, which is holding its board of ...

OUTLOOK: Mahindra may increase car prices due to rising input costs
New Delhi, Nov. 23 Mahindra & Mahindra (M&M) may increase prices for its products in the coming months due to rising input costs. This was stated by Dr Pawan Goenka, President (Automotive Sector), on the sidelines of ...

ALLIANCES & JOINT VENTURES: Lifeclinic plans Any Time Health check-up stations
Hyderabad, Nov. 23 Lifeclinic International Inc, a US-based manufacturer of blood-pressure monitors and health stations, is in talks with a wellness provider to establish ATHs (any time health check-up centres) across ...

OUTLOOK: Astonfield plans slew of solar PV units in India
Astonfield Renewable Resources Ltd (ARRL) is eyeing India with a slew of solar photo voltaic power generation projects including in West Bengal, Andhra Pradesh, Rajasthan, Bihar and ...

EMPLOYMENT: IndianOil to recruit engineers based on GATE scores
IndianOil plans to recruit fresh engineering graduates based on their GATE score instead of depending on a written test conducted by it. The PSU oil sector major will shortlist candidates for interviews based on their GATE score beginning ...

OUTLOOK: Cummins expects drop in revenues from India
New Delhi, Nov. 23 Diesel engine manufacturer Cummins said on Monday that it expects revenues from India to be lower by about 20 per ...

MERGERS & ACQUISITIONS: United Spirits buys Tern Distilleries
...

MERGERS & ACQUISITIONS: LyondellBasell could propel RIL to top league
Enable expansion of footprint in US, Europe’s fuel markets. Reliance Industries’ (RIL) preliminary non-binding cash offer to acquire controlling stake in bankrupt Dutch petrochemical major LyondellBasell (LB) holds significant ...

TRADE & LABOUR UNIONS: Haldia project work affected
The commissioning of Haldia Petrochemicals Ltd’s Rs 1,230-crore capacity expansion project was stalled for the third day on Monday. According to company sources, the CITU-controlled contractors’ workers union stuck to its ...


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




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Markets (Nov 23)
Nifty (at close)5,103.55 (+51.10)
US Dollar (Buy/Sell)46.47/48
Brent crude (a bbl) Rs3,575
Gold (a gram) Rs1,642
Silver (a kg) Rs29,985

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In Focus
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Mandate 2009

Who is hiring?

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Looking back
Nov. 15-Nov. 21
TVS Motor set to launch 100cc gearless scooter

E-voting available for shareholders

Shareholders, board should decide on managerial pay

Setco Automotive eyes buys in Europe, US

Tata Steel to switch 56% of securities into convertible bonds




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