Business Daily from THE HINDU group of publications
Wednesday, August 13, 2008
ePaper | Mobile/PDA Version | Audio
Business Daily from THE HINDU group of publications Wednesday, August 13, 2008 ePaper | Mobile/PDA Version | Audio |
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PERFORMANCE: Softening crude may help oil marketing cos cut retail losses New Delhi, Aug 12 The continued softening of global crude oil prices would result in bringing down the under recoveries of the public sector oil marketing companies (OMCs) for the current fiscal. ... OUTLOOK: RIL to start crude production from KG basin next month FPSO vessel to arrive shortly from Singapore. Hyderabad, Aug. 12 With a FPSO (Floating, Production, Storage and Offloading) vessel set to stream into Kakinada from Singapore shortly , Reliance Industries Ltd is gearing up to extract crude ... MERGERS & ACQUISITIONS: Fresenius Kabi investing €30 m in Dabur Pharma It will help doubling capacity of Kolkata facility. New Delhi, Aug 12 German pharmaceutical major Fresenius Kabi, which had recently acquired Dabur Pharma, is planning to invest up to €30 million in the next 2-3 years in the Indian ... PREFERENTIAL ALLOTMENTS: Goldman Sachs to invest $20 m in SpiceJet New Delhi, Aug. 12 Goldman Sachs is to invest $20 million (Rs 76 crore) in the low cost airline SpiceJet by subscribing to equity warrants of the company under Securities and Exchange Board of India (SEBI) preferential issue ... STANDARDS & BENCHMARKS: Teva withdraws case against Dr Reddy’s over cardio drug carvedilol Company is now free to sell the drug in US. Hyderabad, Aug. 12 Pharma major Dr Reddy’s Laboratories Ltd has gained an upper hand in the on-going patent dispute on cardio drug carvedilol with Israeli drug-maker Teva, as the latter ... NEW BUSINESS: L&T consortium bags Rs 3,800-cr orders Larsen and Toubro-led consortium has bagged orders totalling Rs 3,816 crore from customers in the metal industry. L&T in association with Outotec, GmbH of Germany, and Paul Wurth bagged orders totalling Rs 2,545 crore from Tata Steel for a 6 ... OUTLOOK: Flawless Diamond plans expansion Flawless Diamond India Ltd has planned to open additional 75 outlets within next 24 months. To support its retail plan, it will set up more manufacturing facilities at strategic places and for more exclusive designs to cater every class of ... NEW PROJECTS: Tata Refractories plans unit in Vizag Tata Refractories is setting up a plant here at a cost of Rs 80 crore to manufacture high alumina refractories. The decision was taken at the board meeting held at Belpahar in Orissa recently. According to a press release, the company had chosen ... MERGERS & ACQUISITIONS: Voltas to get 51% in Rohini Electricals Engineering projects company Voltas Ltd will acquire 51 per cent stake in Mumbai- based Rohini Industrial Electricals for Rs 62 crore. Rohini Electricals is engaged in undertaking turnkey electrical and instrumentation projects for the industrial ... RESEARCH & DEVELOPMENT: Avesthagen revives IPO plan; red herring to be filed soon Signs pact with ICMR to explore traditional medicine. Bangalore, Aug 12 Avesthagen’s initial public offering plan, of at least two years, appears to be on track. ... ALLIANCES & JOINT VENTURES: ONGC receives nod to include Petrobras, Statoil in KG project May open opportunity for securing ultra-deepwater rigs from partners. Kolkata, Aug 12 The Centre has allowed Oil and Natural Gas Corporation Ltd, the E&P major, to include Petrobras of Brazil and Statoil Hydro of Norway as strategic ... OUTLOOK: Aegon Religare Life to get Rs 370-cr capital infusion To invest in tech, branch expansion. Mumbai, Aug. 12 Aegon Religare Life Insurance will receive a capital infusion of Rs 370 crore from its promoters in the first year of operation. The company, which launched operations over a month ago, is a ... NEW PROJECTS: Hyundai Construction plans Rs 700-cr investment Hyderabad, Aug. 12 Hyundai Construction Equipment India Pvt Ltd (HCEIPL), an arm of the South Korea-based Hyundai Heavy Industries Ltd, has lined up Rs 700-crore investments in India, with an eye on the fast growing construction equipment, ... ANNOUNCEMENTS: Govt support wanting, says Hyundai Chennai, Aug 12 The Managing Director of Hyundai Motor India Ltd, Mr H.S. Lheem, on Tuesday rued that neither the Centre nor the Tamil Nadu Government was supportive of the company’s export ... OVERSEAS INVESTMENTS: Luminous Power enters China Mumbai, Aug. 12 New Delhi based electronics manufacturer Luminous Power Technologies has forayed into the China market in order to manufacture and export its products from ... ALLIANCES & JOINT VENTURES: WHO, Zydus sign pact to develop drugs for rabies Ahmedabad, Aug. 12 Cadila Healthcare Ltd (Zydus Cadila) has entered into an agreement with World Health Organisation (WHO) to explore collaboration in the development of a cocktail for the treatment of rabies, through the use of monoclonal ... OUTLOOK: Greenko bullish on clean energy projects Hyderabad, Aug. 12 Greenko Group Plc, a Hyderabad-based renewable energy developer, owner and operator, has set for itself a target of operating and developing 1,000 MW of clean energy and 100 million Certified Emission Reduction (CER) ... ALLIANCES & JOINT VENTURES: OTPC inks pact with BHEL for Tripura power project New Delhi, Aug. 12 ONGC Tripura Power Co Pvt Ltd (OTPC) has signed a contract with Bharat Heavy Electricals Ltd (BHEL) for setting up 726.6-MW capacity combined cycle gas turbine (CCGT)-based power project in Palatana in Tripura. The contract ... OVERSEAS BORROWINGS: NACIL signs $214 m as pre-delivery loans Mumbai, Aug. 12 National Aviation Company of India Ltd (NACIL) announced on Tuesday that it has signed a pre- delivery finance loan facility for a sum of $214.118 million. ... NEW BUSINESS: Shot in the arm for Panacea UNICEF order revenues to show from Q3. Panacea Biotec’s $34.2 million (approx. Rs 143 crore) order from UNICEF is expected to boost the vaccine maker’s second half earnings. Panacea clocked sales of Rs 849 crore last year. ... Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
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