CORPORATE
ANNOUNCEMENTS
FII ceiling in Unitech hiked to 100%
The Reserve Bank of India has allowed Foreign Institutional Investors (FII) to increase their exposure to up to 100 per cent in Delhi-based Unitech. The company had earlier passed resolution to this effect at the Board of Directors’ and the ...
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FINANCIAL PERFORMANCE
India Inc presents not so rosy a picture
Rising Re, slowdown in manufacturing sector hit earnings: former BSE President
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ALLIANCES & JOINT VENTURES
Wheel of Freight
Texmaco has signed a Memorandum of Agreement with United Group Rail Services, Australia, to address the many opportunities being planned in relation to Indian Railways development programme for projects including the Dedicated Freight ...
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Strength in steel
Larsen & Toubro, in consortium with Paul Wurth, has bagged an Rs 581 crore order from SAIL for up-gradation of a blast furnace at Bokaro steel plant. The company’s portion of this order is valued at Rs 355 crore. ...
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INTERVIEW
Reliance’s problems in Iraq are just the tip of the iceberg
Chennai, Nov. 17 The latest difficulties confronting Reliance Industries in Iraq are just the tip of the iceberg for any foreign contractor hoping to enter Iraq’s oil sector, says Mr Roger Howard, author of ‘Iran Oil’ ( More
DIVERSIFICATION
Fancy footwork
Pantaloon Retail declared it will spin off its sports business into a new entity — Planet Sports Retail. The company would segregate its fashion and sports business operating through a joint venture Planet Retail Holdings and demerge the ...
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OUTLOOK
‘We want to become a giant theatre chain globally’
We believe in taking risk. This is something we have communicated to all our stakeholders. We are not shy about it. We do leverage really high.
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