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PERFORMANCE: Monnet Ispat Q4 net, sales fall
Grim power situation hits sponge iron offtake. New Delhi, July 1 Demand for sponge iron has been affected by the dismal power situation that has steel furnaces running at lower ...

NEW PROJECTS: AP Paper Mills’ expansion may be completed by January
Rajahmundry, July 1 Andhra Pradesh Paper Mills here is going in for capacity expansion and the project is likely to be completed by January, said Mr P.K. Suri, ...

OUTLOOK: BP scouting for partner to buy stake in Bengal CBM block
British Petroleum is planning to divest up to 50 per cent stake to a strategic partner in Birbhum CBM (coal bed methane) block in West Bengal, according to ...

ALLIANCES & JOINT VENTURES: Geopost, Continental Air Express form venture for parcel services
New Delhi, July 1 Geopost, the express parcel arm of French Groupe La Poste, on Wednesday announced its partnership with Continental Air Express Private Ltd to set up a joint venture firm offering in bound and outbound express ...

OUTLOOK: Kabirdass Motor plans IPO to raise Rs 60 cr
Mumbai, July 1 Chennai-based Kabirdass Motor Company, which sells Xite electric scooters, is planning to raise Rs 60 crore through an ...

ANNOUNCEMENTS: Arvind terminates Hartmarx contract
Ahmedabad, July 1 Textile major Arvind Ltd terminated its business agreements with US-based Hartmarx Corporation following the latter’s filing of bankruptcy and taking over by S Kumars Nationwide ...

PERFORMANCE: Hedging on fuel helps SpiceJet post positive cash flow: CEO
New Delhi, July 1 The decision of the Delhi-based low-cost airline SpiceJet to start hedging on the price of aviation turbine fuel is paying ...

DIVERSIFICATION: CavinKare forays into restaurant biz with Puducherry outlet
More outlets in tier-I and II cities soon. Chennai, July 1 The Chennai-based FMCG major CavinKare has forayed into the restaurant business under the brand ‘CK’s Foodstaurant’. It opened its first outlet in Puducherry ...

NEW BUSINESS: Rel Infra wins IT consultancy projects in Karnataka
To develop blueprints for SEB. Mumbai, July 1 Reliance Infrastructure said it has won IT consultancy projects for the five electricity distribution companies ...

STANDARDS & BENCHMARKS: HPCL Visakha refinery set to produce Euro IV compliant products
Co spends Rs 2,500 cr on clean fuel projects. Visakhapatnam, July 1 The Visakha refinery of Hindustan Petroleum Corporation Ltd (HPCL) is gearing up to offer Euro-III and Euro-IV compliant products by April 2010, according to Mr P.A.B. Raju, ...

NEW PROJECTS: IOC to invest Rs 60,000 cr on capex
New Delhi, July 1 Indian Oil Corporation Ltd plans to invest over Rs 60,000 crore to scale up its refining capacity to 80 million tonnes per annum (mtpa) by ...

NEW BUSINESS: L&T bags 2 projects worth Rs 651 cr
Mumbai, July 1 Larsen & Toubro has bagged two hydrocarbon projects cumulatively worth Rs 651 crore. The company will build a greenfield refinery project at Bathinda for HPCL-Mittal Energy Ltd (HMEL) valued at Rs ...

ANNOUNCEMENTS: Lupin buys global rights for nasal steroid from Collegium
Mumbai, July 1 Lupin Ltd has acquired the global rights for intra-nasal steroid (INS) product AllerNaze (triamcinolone acetonide) from Collegium Pharmaceutical Inc for an undisclosed ...

PRIVATE PLACEMENT: Sobha raises Rs 526 cr thru QIP
Bangalore, July 1 Sobha Developers has successfully closed the bidding for qualified institutional placement (QIP) raising about Rs 526 ...

CORPORATE DISPUTES: Reliance Ind to move apex court on gas to RNRL
Mumbai, July 1 The Mukesh Ambani-promoted Reliance Industries, which was directed by the Bombay High Court, to supply gas to Reliance Natural Resources Ltd (RNRL) of Anil Ambani group at $2.34/million British thermal unit, has now decided ...

ALLIANCES & JOINT VENTURES: H.R. Johnson sets up floor tile plant at Rajkot
New Delhi, July 1 Aimed at becoming a total kitchen and bathroom service provider, H.R. Johnson Ltd is setting up a floor tile plant at Rajkot in Gujarat with an estimated investment of Rs ...

NEW BUSINESS: Punj Lloyd unit bags Singapore order
...

NEW PROJECTS: Machino Polymers setting up 2 plants
New Delhi, July 1 Machino Polymers Ltd (MPL) on Tuesday said that it will invest Rs 20-40 crore in two new plants to produce polypropylene compounds. The auto component manufacturer will be increasing its total capacity to 60,000 tonnes from ...

DIVIDEND ANNOUNCEMENT: Linc Pen to pay 15%
Linc Pen, a major player in branded pen industry, posted 7.6 per cent growth in total revenue to Rs 190.75 crore during the year ended March 31, up from Rs 177.23 crore in the previous year. During the period, EBDIT increased 8.39 per cent to ...

OUTLOOK: GVK to raise up to Rs 2,500 cr
The extraordinary general meeting of GVK Power & Infrastructure Ltd (GVKPIL) held today has approved a move by the company to raise up to Rs 2,500 crore, with an option to raise additional Rs 500 crore to meet its expansion plans. The ...

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