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Fujitsu to exit plasma TV business
Japan’s Fujitsu group said it will end production of plasma televisions, a technology which it was the first in the world to introduce commercially, due to lack of profitability. Plasma televisions sales have been falling behind those for ...
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Asian Oil to issue shares to Samara
Drilling and seismic services provider to oil firms Asian Oilfield Services today said it will issue up to 15 lakh shares and 7.5 lakh convertible warrants to Samara Capital Partners Fund I Ltd. The company will also issue 4.5 lakh convertible ...
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OVERSEAS BORROWINGS
Mascon closes $50-m FCCB issue
New Delhi, Dec 28 Mascon Global Ltd today announced the completion of a $50-million foreign currency convertible bonds (FCCBs) issue, which has seen the participation of blue-chip investors.“The FCCBs issued will be listed with ...
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BSEL closes GDR issue
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TAXATION
Service tax: ONGC may have to pay more hire rates
Mumbai Dec. 28 ONGC may have to cough up higher charges for hiring Indian offshore support vessels for oil exploration.This comes in the wake of the Government indicating to Indian shipping companies that marine logistics services, ...
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CORPORATE BONDS
Bilcare arm raises $90 m thru bonds issue
Kolkata, Dec. 28 Bilcare Singapore Pte. Ltd, wholly owned subsidiary of Bilcare Ltd, has raised $90 million through issue of 4 per cent convertible bonds, due for maturity in 2012. Mr Dilip Mehrotra, CFO of Pune-based Bilcare Ltd, told ...
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NEW PROJECTS
Oil India plans Rs 4,500-cr expansion
Oil India Ltd has firmed up plans to invest Rs 4,500 crore on development and expansion programmes over the next two years. The company will enter the capital market in February 2008 and offer 26.45 million shares constituting 11 per cent of ...
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ITC’s Fortune brand to invest Rs 130 cr in new hotels
Hotels to come up in Bangalore, Coimbatore, Kolkata
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OVERSEAS INVESTMENTS
JSW Steel plans jt venture for plant in Georgia
Mumbai, Dec. 28 JSW Steel is to enter into a joint venture for setting up a steel plant in Rustavi, Georgia.The estimated project cost of $42 million is to be financed through $28 million debt and $14 million as equity. Of the ...
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ALLIANCES & JOINT VENTURES
RCF, GAIL tie up for Orissa project
Rashtriya Chemicals & Fertilizers Ltd signed a MoU on Friday GAIL for jointly setting up coal gasification project at Talcher in Orissa, according a BSE notice. The gasification process produces synthesis gas, which can be used in production ...
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OUTLOOK
IOC to decide on explosives business next fiscal
The business was acquired through IBP merger
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