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CORPORATE
NEW PROJECTS:
‘Singur land can’t be returned’
State calls stakeholders to negotiating table. Kolkata, July 31 The West Bengal government has said that land acquired in Singur for the Tata small car project cannot be returned to their owners. Instead, the state government has appealed to ...
OUTLOOK:
Royal Classic to foray into formal trouser line by Sept
To increase outlets in India, expand overseas. Pune, July 31 The Tirupur-based Royal Classic Mills Pvt Ltd, known for the Classic Polo brand of menswear, would be introducing into the domestic market a formal line of trousers, said Mr M.S. ...
OUTLOOK:
ONGC plans integrated offshore supply base, terminal on east coast
ONGC has drawn up a plan to set up an integrated offshore supply base-cum-processing unit and onshore terminal on East Coast to expedite development of its oil and gas finds from the Krishna Godavari Basin. ...
NEW BUSINESS:
Consolidated Construction bags civil works deals
Auto companies’ orders are valued at Rs 240 cr. Chennai, July 31 The Chennai-based Consolidated Construction Consortium Ltd has bagged civil work orders from two of the leading industrial investments proposed near the ...
OUTLOOK:
Haldia Petrochem invests Rs 740 cr in 627 units
A total of Rs 740 crore has so far been invested in 627 units in the downstream of Haldia Petrochemicals creating a direct employment of 68,000 people in West Bengal, according to Mr Dipak Chatterjee Sr. Manager (Business Development) of HPL. ...
NEW PROJECTS:
Birla Corporation to set up cement plant in Madhya Pradesh
Land acquisition after allotment of limestone mining lease. Kolkata, July 31 Birla Corporation will set up a 3-million tonne greenfield cement manufacturing project at Satna in Madhya Pradesh, entailing an investment of Rs 1,200 crore, ...
OUTLOOK:
UB plans contract farming of barley in South
Pune, July 31 Success on exploratory work on growing malting barley at Davangere has opened up the possibility of United Breweries Ltd taking contract farming of the crop to the southern States. ...
CORPORATE DISPUTES:
Reliance wants cap on liability for gas supply
Mumbai, July 31 RIL wants to put a cap on the liability for the gas it would like to supply to the Reliance Natural Resources Ltd (RNRL) from the KG basin gas field, said Mr Harish Salve, Senior Counsel for RIL while arguing the case between ...
NEW PROJECTS:
Toyota Kirloskar to invest Rs 2,600 cr in car project
Vendors to pump in Rs 250 cr more. Toyota Kirloskar Motor (TKM) will initially invest Rs 1,400 crore in its new compact car project and may bring in an additional investment of over Rs 1,200 crore during the next two years. The entire amount ...
MERGERS & ACQUISITIONS:
Sintex acquires 90% stake in German co Geiger Technik
Ahmedabad, July 31 Sintex Industries Ltd, a market leader in plastic and textile segments, on Wednesday announced that through its wholly-owned subsidiary Sintex Holdings B.V., The Netherlands, it has acquired 90 per cent stake in Geiger ...
OVERSEAS INVESTMENTS:
Coal India eyeing non-coking coal assets in Indonesia
Kolkata. July 31 Coal India seems to be eyeing opportunities to acquire one or more small-sized non-coking coal assets in Indonesia. In another development, Coal Ventures International (CVI) – the SPV created by five PSUs including CIL ...
PRIVATE PLACEMENT:
Persistent Systems to tap capital market
Also to consider pre-IPO placement. Pune, July 31 Persistent Systems, a software product development services company, has plans to enter the capital market. ...
OVERSEAS INVESTMENTS:
Tatas drop plans to invest in Bangladesh
Pune, July 31 Projects of the Tata Group with the Bangladesh Government have been called off as it says that there are no prospects of taking discussions held earlier any further. It had lined up investments of about $ 3 billion in steel, ...
NEW PROJECTS:
New plant
PERFORMANCE:
Agro Tech income at Rs 220 cr
FINANCIAL PERFORMANCE:
Other income, lower tax outgo cushion Tata Motors profit
Clouded near term outlook. Tata Motors reported a 30 per cent decline in profits on net sales growth of 14 per cent in the first quarter. The rise in revenues was driven by a 7 per cent increase in prices, though total volumes grew by a ...
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