Business Daily from THE HINDU group of publications
Tuesday, September 09, 2008
ePaper | Mobile/PDA Version | Audio
Business Daily from THE HINDU group of publications Tuesday, September 09, 2008 ePaper | Mobile/PDA Version | Audio |
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NEW PROJECTS: Work suspension at Singur will continue: Tata Motors Company distressed at limited clarity on outcome of talks. Kolkata, Sept. 8 Even as Tata Motors said it was “distressed at the limited clarity on the outcome of the discussions between the Government of West Bengal and the ... OVERSEAS BORROWINGS: Companies cut conversion price to resolve FCCB tangle Foreign Currency Convertible Bonds (FCCBs), which in a bull market were seen as a low-cost option for Indian companies to raise funds, are now turning out to be millstones around their necks. Faced with ballooning debt after the stock prices ... ALLIANCES & JOINT VENTURES: Ashok Leyland-Nissan LCV project at ‘zero cost’ Leyland’s two ventures come under TN’s concession scheme. Chennai, Sept. 8 The VAT refund for 21 years for two different projects of Ashok Leyland practically means that the entire $500 million (Rs 2,200 crore) investments in the ... OVERSEAS INVESTMENTS: Stone India plans overseas acquisition To gain foothold in European market. Kolkata, Sept 8 Stone India Ltd, a major manufacturer and supplier of railway equipment, is planning overseas acquisition. It has bid for a European firm in similar line of ... ALLIANCES & JOINT VENTURES: Nuclear action to kick off at Jaitapur, Koodankulam To be set up by NPCIL with French, Russian collaboration. New Delhi, Sept. 8 Post the NSG (Nuclear Suppliers Group) waiver, action on the Indian nuclear space is likely to kick-off at Jaitapur in Maharashtra, where up to six imported reactors ... SOCIETY & DEVELOPMENT: Gujarat Govt order weakens State PSUs Cos may have to share profit for social responsibility. Mumbai, Sept. 8 With Gujarat Government requesting State-owned companies to contribute up to 30 per cent of their profit before tax towards welfare activities, sentiment has turned ... NEW BUSINESS: ICSA bags Rs 236-cr worth orders ICSA India Ltd has announced it has secured work orders for a total contract value of Rs 236.14 crore from two power utilities Mahavitaran (Maharashtra State Electricity Distribution Co. Ltd.) and MP Paschim Kshetra Vidyut Vitaran Co Ltd. The Rs ... MERGERS & ACQUISITIONS: IIM-K finance meet discusses patterns in M&A deals Kochi, Sept. 8 Mergers and acquisitions are a two-way process, with Indian giants like the Tatas acquiring global brands like Jaguar and Land Rover while global players like Daiichi acquires Ranbaxy, Mr Kamlesh Gandhi, Country Head, Investment ... VENTURE CAPITAL: ‘Private equity investments into India set to increase’ Hyderabad, Sept. 8 The global economic slowdown, especially in the US and Europe, will drive more private equity (PE) funds into India over next two or three ... OUTLOOK: Yamaha plans to expand capacity to 8 lakh units Mumbai, Sept. 8 Two-wheeler manufacturer Yamaha Motor India will double production capacity to 8 lakh units in two years, said Mr Tsutomu Mabuchi, Managing Director & CEO. ... ALLIANCES & JOINT VENTURES: Berggruen Hotels ties up with Morocco’s Filacom for global foray Thiruvananthapuram, Sept. 8 Berggruen Hotels, promoted by the New York-based Berggruen Holdings, has announced its international foray with a joint venture with the Morocco-based Filacom Pvt Ltd. ...
ALLIANCES & JOINT VENTURES:
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