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CORPORATE
OUTLOOK:
KMML plans projects to cut production cost
New tech-based methods to replace manual roles. Thiruvananthapuram, Aug. 13 The State-owned Kerala Minerals and Metals Ltd (KMML), the leading manufacturer of rutile grade titanium dioxide in the country, has drawn up three projects that are ...
ALLIANCES & JOINT VENTURES:
Tata Steel signs jt venture pact with Vietnam Steel, Vicem
For setting up steel complex in Vietnam. Mumbai, Aug. 13 Tata Steel has signed a joint venture agreement with Vietnam Steel Corporation (VnSteel) and Vietnam Cement Industries Corporation (Vicem) for establishing a steel complex in Vietnam ...
OUTLOOK:
IOC looks to finalise funding options for Paradip refinery
In talks with SBI Caps on borrowing cost. Kolkata, Aug. 13 IndianOil hopes to finalise the funding options, including loan and equity component, for the proposed Rs 30,000-crore Paradip refinery and secure final board approval for the ...
OUTLOOK:
Puravankara to build budget homes
Mumbai, Aug 13 Bangalore-based Puravankara Projects proposes to build 64,500 affordable homes in the price range of Rs 10-20 lakh, across five cities in five years. ...
OVERSEAS INVESTMENTS:
MIC Electronics goes to S. America
An Indian electronic company made LED display system has brightened up football stadiua and helped improve spectators’ viewing experience of the game at the popular Barcelona Sports Club in Ecuador. The LED (Light emitting diode) display ...
DERIVATIVES MARKETS:
Hedging vital to combat euro depreciation
Large cos take to hedging in big way. The recent appreciation of the euro against the Indian rupee has underlined a point that most corporate CFOs intuitively know, but apparently do not always play by: there is a need to be well ...
AWARDS & HONOURS:
Bipin Engineers enters Limca Book of Records
Pune, Aug 13 Pune-based Bipin Engineers Pvt Ltd, manufacturers of non-conventional energy equipment such as solar water heating systems, solar lanterns and solar home lighting systems, has entered into the Limca Book of Records for ...
NEW PROJECTS:
Rohini Hotels to take Checkers brand to Bangalore
Chennai, Aug. 13 Chennai-based Rohini Hotels Madras Pvt Ltd, a company with business interests in the hospitality and entertainment sectors, is all set to launch a 74-room hotel in Bangalore. The property, secured on a 25-year lease basis, ...
NEW PROJECTS:
TNPL close to achieving financial closure for expansion plan
Company plans to borrow Rs 550-600 cr of total outlay. Chennai, Aug. 13 Tamil Nadu Newsprint and Papers Ltd is on the verge of achieving financial closure for the Rs 780-crore mill expansion plan and the mini-cement plant, according to sources ...
COURTS/LEGAL ISSUES:
Gujarat NRE files case against Austral Coke
Kolkata, Aug 13 Gujarat NRE Coke Ltd today filed a civil suit in the Calcutta High Court against Austral Coke and Projects Ltd, its directors, auditors, merchant bankers and others associated with Austral Coke’s IPO seeking financial ...
NEW BUSINESS:
XL Telecom ties up with Chinese firm LDK Solar
Hyderabad, Aug. 13 XL Telecom & Energy Ltd and Chinese firm LDK Solar Co Ltd have signed a five-year contract for supply of multi-crystalline solar wafers for consumption in the 120-MW per annum solar cell and panel manufacturing plant ...
CORPORATE DISPUTES:
‘Mahindra will talk to Chrysler on Scorpio design’
Mumbai, Aug. 13 There is no dispute between Mahindra and Mahindra and US automaker Chrysler on the issue of Scorpio design, a spokesperson for the company said. ...
OVERSEAS BORROWINGS:
Clarification
With reference to the report on Chennai desalination project, published in these columns on August 8, Chennai Water Desalination Ltd has clarified that DEG, Germany, is not funding any cost escalation but is coming in only as one more lender ...
OVERSEAS INVESTMENTS:
Tata Steel’s Vietnam deal - a good mining
Further bid for global diversification. The joint venture agreement of Tata Steel, through its wholly-owned subsidiary Tata Steel Global Holding Pte Ltd, Singapore, with Vietnam Steel Corporation (VSC), the largest steel company in Vietnam and ...
NEW PROJECTS:
Work begins for Avesthagen HQ
Avesthagen Ltd on Wednesday began work on its new corporate headquarters and R&D campus on 2.63 acres at the International Tech Park, Bangalore. The 14-storey campus, estimated to cost around Rs 160 crore, will be ready by June 2010. The ...
ANNOUNCEMENTS:
Production hit at ISW plant
Production at the Khopoli plant of India Steel Works Ltd has been hit following torrential rain in the Lonavala region last Sunday. The company has informed the Bombay Stock Exchange that following incessant rains in Lonavala and Khandala regions ...
PEOPLE:
HyperCity’s CEO quits
Mr Andrew Levermore, the CEO of HyperCity, has resigned and will be returning to his native country South Africa by the end of this year. Mr Levermore had been with HyperCity since its inception and has been in India for over four years. ...
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