CORPORATE
NEW BUSINESS
Kumar Motors bags export order
Kumar Motors Pvt Ltd, manufacturer of three wheelers `Agni' and `Parinda' is making a foray into the export market and has signed an agreement with business houses in East Africa for supply of 1,500 vehicles. Announcing this at the opening of ...
More
INFORMATION TECHNOLOGY
Project monitoring system at VSP
The computerised project monitoring system, developed by a team led by Mr G.V Ramesh, Deputy Chief Manager of the IT Department, was inaugurated at the Visakhapatnam Steel Plant on Wednesday. Mr S.N. Prasad, Executive Director ...
More
TAXATION
`Corporates apprehensive of LTU concept'
The concept of Large Taxpayer Unit (LTU), to provide a single-window clearance mechanism for large tax paying corporates, has attracted merely 20 entities out of the targeted 299 in Mumbai. In his last Budget, the Finance Minister had mooted ...
More
CREDIT RATING
S&P retains Tata Steel on rating watch
Rating agency Standard & Poor's maintained its `BBB' long-term corporate credit ratings on Tata Steel on CreditWatch with negative implications. At the same time, S&P retained its `BBB' foreign currency rating on Tata Steel's senior unsecured
More
RESTRUCTURING
Coimbatore Arya Vaidya Pharmacy in revamp mode
More
MERGERS & ACQUISITIONS
CSN beaten at the wire
Tatas to pay 608 pence a share
More
`Corus buyout price is worthwhile'
More
Tata-Corus deal: Aggressive price by any yardstick
Tata Steel appears to have pulled out all stops in its effort to seal the deal with Anglo-Dutch steel giant Corus. Tata Steel has scaled up its last offer made in December at 500 pence all the way to 608 pence in an hotly contested nine-round ...
More
Acquisition `was a matter of pride'
In what is widely rated as a landmark in India's corporate history, in the early hours of this morning, Tatas finally won the crucial battle for Corus with a 6.2-billion ($12.1 billion) including debt, widely rated as the highest ...
More
Chidambaram delighted; `Govt ready to help'
The Finance Minister, Mr P. Chidambaram, said on Wednesday that the Government would be ready to "help" the Tata Group in completing the acquisition transaction for Anglo-Dutch steel-maker Corus. "We are happy that Tatas have emerged as the ...
More
A show of steely resolve and confidence
Tata defends deal price, terms criticism harsh and short-term
More
'A long-term positive'
Analysts and industry experts bet on the long-term positives of the Tata Steel-Corus deal. Terming it as a `strategic' move from Tata Steel, the analysts said the wide reach and improved margins for the merged company will consolidate Tata ...
More
CORUS TAKEOVER
More
No immediate impact on global steel prices seen
Tata Steel's takeover of Anglo-Dutch steelmaker Corus group is unlikely to have any significant immediate impact on global steel prices. However, the deal will give the Tatas access to new market segments and new products even as consolidation ...
More
Long-term outlook positive for Tata Steel
The famous stock market saying, price discounts all, is truly reflected in the movement of the Tata Steel stock prices over the last six months. In the six months from the beginning of July 2006 to the end of January 2007, The stock lost 13 per ...
More
REGULATORY BODIES & RULINGS
CLB upholds Haldia Petro share allotment to IOC
Orders transfer of shares held by Bengal Govt
More
INTERVIEW
`Corus buy will impact Chinese steel market'
Analysts from Steel Biz Briefing (SBB) say the Corus deal will help Tata catapult itself into the global industry. They also say that the Chinese steel industry will continue to grow, and that China, not being a low-cost producer, will not ...
More
A landmark win for India: Arun Gandhi
After a much-deliberated wait, Tata Steel has finally won Corus. At the end of nine rounds of bidding at 608 pence per share, Tata was one-up on Brazilian player CSN. The Director of Tata Sons, Mr Arun Gandhi, was a key player in clinching the ...
More
OUTLOOK
Alps Industries plans to double turnover in 2 years
The Rs 250-crore Alps Industries Ltd is planning to double its turnover two years with a focus on its home furnishing products, according to Mr Sanjay Gupta, General Manager, Alp Industries Ltd. The Ghaziabad-based company manufactures fabrics ...
More
PEOPLE
The `thinker behind the throne'
Who is Mr Arun Gandhi? Google News may tell you about the grandson of Mahatma Gandhi who shared `his knowledge of the legendary advocate of non-violence in a satellite seminar' last week at Bismarck State College, in the Student Union Prairie ...
More
Comments & Letters to the Editor to: bleditor@thehindu.co.in
Subscribe to: Business Line
|
RSS Feeds