CORPORATE
MODERNISATION
Siemens Metals bags Rs 464-cr SAIL order
Project to be completed in Q3 of 2010
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ANNOUNCEMENTS
Rolls-Royce unveils Phantom Drophead Coupe
Luxury segment car priced at Rs 3.10 cr
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ACCOUNTING STANDARDS
Is ICAI’s accounting standard on deferred taxation ultra vires?
Whether Accounting Standard 22 (AS-22) entitled ‘Accounting for taxes on income’ insofar as it relates to deferred taxation is inconsistent with and ultra vires the provisions of the Companies Act, 1956, the Income-tax ...
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OVERSEAS BORROWINGS
West Coast Papers raises Rs 35 cr
Mumbai, Nov. 30 West Coast Papers Mills Ltd, the flagship company of SK Bangur Group, has raised $9.03 million (Rs 35.47 crore) by issuing 41.73 lakh global depository receipts (GDRs) at $2.164 per GDR. The issue will be listed on the ...
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NEW BUSINESS
Ericsson wins $100-m Idea Cellular contract
To supply and manage company’s GSM network in Mumbai
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MERGERS & ACQUISITIONS
Oil marketing companies get nod to buy stake in OIL
State-owned oil marketing companies – Indian Oil Corporation, Hindustan Petroleum Corporation and Bharat Petroleum Corporation – have got their respective board approval for buying equity stake in exploration firm Oil India Ltd ...
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RINL keen to acquire Bird Group
Move to secure iron ore supplies for growing needs
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NEW PROJECTS
L&T opens valve facility in China
Engineering and construction company Larsen & Toubro inaugurated its industrial valve manufacturing facility in Yancheng, located in the Jiangsu Province of China. The new facility, with abuilt-up area of 30,000 squaremetres, will make gate, ...
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OVERSEAS INVESTMENTS
5 PSUs join hands to float Coal Ventures International
SPV to have 3-tier structure, Rs 10,000-cr capital base
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Hindalco looking for copper assets in Zambia
Group aggressively attempting to enhance resource ownership
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TRADE & LABOUR UNIONS
1-day lockout at MRF’s Chennai factory
MRF Ltd has declared a one-day lock out at its Tiruvottriyur factory in Chennai.According to information provided by the company to the stock exchange, it has declared a token lockout for one day. Its other factories in Tamil ...
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ALLIANCES & JOINT VENTURES
Tata Steel inks pact with Riversdale
For 35% stake in Mozambique coal mining project
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Alappat ties up with Perth Mint to import gold bars
Alappat, one of the leading jewellery retailers, has tied up with globally rated Australian bullion refiner belonging to Perth Mint to import standard gold bars in bulk. Mr Babu Alappat, Chairman and Managing Director of the Group, said ...
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BPCL to exit venture with Shell
Bharat Petroleum Corporation Ltd (BPCL) is all set to exit Bharat Shell Ltd (BSL), with the Union Cabinet today approving the sale of 49 per cent equity of BPCL in BSL to Shell or its affiliate for Rs 152.40 crore. BPCL is exiting the ...
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DIVERSIFICATION
Moser Baer setting up grid connected solar farm
Signs MoU with Rajasthan Govt for Rs 100-cr project
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OUTLOOK
Singur on German auto component makers’ radar
Auto components manufacturers from the State of Baden-Wurttemberg, Germany, are keen on setting up manufacturing facilities in West Bengal, and supply auto components and spares for the Tata Motors small car project that is being set up at ...
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REL looking at funding options for Sasan, Krishnapatnam projects
Two ultra mega power projects to cost Rs 38,000 cr
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Pak tea firm scouting for blending partner
Looking for alliance with 1 or more Indian cos
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‘Philips open to acquisitions in India’
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Gujarat Ambuja Exports crosses Rs 1,000-cr market cap
Equity share buy-back programme will close on January 15
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