L&T completes ONGC project ahead of schedule
Larsen & Toubro Ltd (L&T) has completed a Rs 1,006-crore project for ONGC that was awarded in February 2004 and handed it over ahead of schedule. The company said it had handed over RS8 nine-well platform project to ONGC on February 17, ...
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Uttam Galva hikes steel prices
Uttam Galva Steels Ltd has announced an increase in prices of all its galvanised steel products in the domestic market by Rs 1,500 a tonne. It has also increased prices across all its other product categories comprising cold ...
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Goodlass to pay 85 pc special interim
Goodlass Nerolac Paints Ltd has informed the BSE that the board of directors of the company has declared a special interim dividend of 85 per cent or Rs 8.50 per equity share of Rs 10 ...
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Tata Steel signs 2 ECB agreements
Tata Steel Ltd has informed the BSE that it has signed two external commercial borrowing agreements aggregating to 61.42 million. The funds would be utilised to finance the import component of blast furnace H and sinter plant 4 as ...
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India Cements to raise $75 m
India Cements Ltd has decided to raise up to Rs 330 crore (about $75 million) through foreign currency convertible bonds or other securities. This will be used for capital expenditure. The company's board, which met on Monday, ...
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OUTSOURCING
Hospitals urged to outsource services
Indian hospitals should create exclusive infrastructure for corporate medical tourism that would comply with international service and quality standards recognised by the international insurance industry to tap the emerging medical services ...
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Quintegra seeking cos with SAP skills
Quintegra Solutions Ltd has said that it is looking to acquire companies with expertise in SAP implementation and those with skills in the banking, financial services and insurance space. Mr Shankar Raman V., Chairman and Managing Director, ...
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Excise duty hike may get passed on to consumers: Deveshwar
ITC has hiked the prices of its cigarette brand Wills Navy Cut from Rs 25 to Rs 27 a pack. The Chairman, Mr Y.C. Deveshwar, says that the new cigarette prices will come into effect as soon as manufacturing units are able to implement the change ...
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Price levels of new entities down
With investors hoping to make quick money on listing day, several newly listed companies are trading far below their listing price. Brokers said that with most investors looking to book quick profits on their IPO allotments, the market is awash ...
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OUTLOOK
GE Healthcare hopes to double revenues
Global healthcare equipments major GE is targeting to double its revenues from its South Asia operations to $800 million in the next three years. "We are looking at doubling the revenues of GE Healthcare Technologies from South Asia. About ...
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BEL eyeing broadband set-top boxes
Bharat Electronics Ltd (BEL) is eyeing the emerging broadband scene as the next growth area for set-top boxes. Two years after foraying into set-top boxes for TV viewing through cable and DTH (direct-to-home), the defence electronics PSU is ...
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TVS sees Apache sales to touch 20,000
TVS Motor Co hopes to increase its sales of premium range bikes with the launch of Apache. The product was launched in the city on Monday. The 150-cc Apache is the newest product from TVS. According to Mr Chandra Sekhar Wamorkar, General ...
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