CORPORATE
ANNOUNCEMENTS
Strides Arcolab shuts down US unit
Strides Arcolab Ltd has announced closure of its loss-making manufacturing facility in New Jersey. The facility was making over-the-counter and nutraceuticals (or dietary supplements) for soft gelatin products in the US through the subsidiary, ...
More
Lockheed Martin opens subsidiary
More
PREFERENTIAL ALLOTMENTS
Aditya Birla Nuvo to raise Rs 4,200 cr
Preferential warrants to promoters
More
OVERSEAS BORROWINGS
PowerGrid in talks for $3.6-b overseas loans
Mumbai, Jan. 9 Power Grid Corporation of India plans to tie up overseas loans of up to $3.6 billion (Rs 14,000 crore) this fiscal, according to its Chairman, Mr R.P. Singh. Additionally, the company will issue a $1-billion global tender this ...
More
NEW BUSINESS
Suzlon China arm bags orders
Suzlon Energy Tianjin Ltd, China subsidiary of Suzlon Energy Ltd, has announced the signing of two new orders with the Jingneng Group. The contracts are for setting up turbines of 100 MW of capacity, to be delivered by May 2008, according to a ...
More
COURTS/LEGAL ISSUES
SC clears hurdles for Reliance Power IPO
Proceedings in Gujarat High Court stayed
More
CREDIT RATING
Banks may nudge corporate borrowers to get rated
Risk-driven rates to prevail under Basel norms
More
NEW PROJECTS
Cummins begins work on mega site
Pune, Jan. 9 Cummins India has today performed the ground breaking ceremony of the Cummins mega site in Phaltan, Satara district in Maharashtra.Mr Anant Talaulicar, Chairman and Managing Director, Cummins India, said the mega site would ...
More
RKKR group doubles Krishnapatnam project size
In talks with big cos from New York for pvt equity funding
More
OVERSEAS INVESTMENTS
Surana buys 49% in Indonesian coal mine
Chennai, Jan. 9 Chennai-based Surana Industries has picked up 49 per cent in PT Agate Resources Indonesia, which owns coal mining rights in Indonesia. PT Agate Resources is a part of the Agate group of Malaysia which is owned by Dr Sultan ...
More
ALLIANCES & JOINT VENTURES
Renault-Bajaj tie-up: We have no objection, says Ashok Leyland
Co close to finalising site for Nissan venture
More
IPOS
Reliance Power public issue lifts NTPC
Power sector stocks, particularly market leader NTPC, gained sharply on Wednesday. According to market men, reports of the Supreme Court clearing the hurdle for the India’s biggest IPO Reliance Power lifted the sentiment for these ...
More
VENTURE CAPITAL
ICICI Venture invests Rs 140 cr in Sahyadri
Pune, Jan. 9 ICICI Venture has announced an investment of Rs 140 crore through its holding company, IVEN Medicate India Pvt Ltd, in Sahyadri Hospitals Ltd .Talking to presspersons, Mr Aluri Srinivasa Rao, Director, ICICI Venture and ...
More
ICICI Pru invests Rs 62 cr in Sabari Inn
Chennai, Jan. 9 ICICI Prudential PMS Real Estate Securities Fund has taken Rs 62-crore equity exposure in the Chennai-based Sabari Inn Pvt Ltd to fund the latter’s Rs 250-crore expansion project, phase-I. The Fund has also indicated ...
More
Komli gets $7 m funding
Online advertising firm Komli, on Wednesday, announced it has received $7 million of venture financing from Nexus India Capital, along with co-investors Draper Fisher Jurvetson and Helion Ventures. The financing would allow Komli to ...
More
OUTLOOK
Skoda revives small car project for India
Launches Fabia at Auto Expo
More
Audi to launch A4 in mid-2008
German car maker Audi, a part of the Volkswagen group, launched the A4, a premium sedan which would be produced in India and launched in mid 2008. Priced around Rs 25-30 lakhs, it would be available with a 3.2-litre petrol and diesel engine. The ...
More
Volvo hopes to sell 500 cars this year
Bullish on the growing luxury car segment in the country, Volvo Car India said that it expects to sell 500 cars in India during 2008. At present, the company sells the S80 sedan and XC90 luxury sports utility vehicle that were launched in ...
More
PERFORMANCE
ACC output down 4% in Dec
Cement major ACC has reported a 4.24 per cent fall in production to 1.58 million tonnes (mt) in December against 1.65 mt logged in the same period last year. Dispatches dipped 5.98 per cent to 1.57 mt (1.67 mt) in December. The company attributed ...
More
Comments & Letters to the Editor to: bleditor@thehindu.co.in
Subscribe to: Business Line
|
RSS Feeds