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CORPORATE
ALLIANCES & JOINT VENTURES:
Punj Lloyd signs pact with Thorium Power of US
For building nuclear power plants. Punj Lloyd Ltd will form a 50:50 joint venture company with US-based Thorium Power Ltd for building nuclear power ...
ALLIANCES & JOINT VENTURES:
Essar Oil plans Rs 4,000-cr LNG terminal in Gujarat
In talks with HPCL for possible equity participation. Mumbai, Dec. 4 Essar Oil Ltd, part of the Essar conglomerate, is planning to expand its business portfolio by dipping into the growing LNG terminal business ...
RIGHTS ISSUE:
SEBI extends validity period of IPOs, rights to one year
Curbs early exit from close-ended schemes. Mumbai, Dec. 4 Indian companies will now have one year’s time to launch their IPOs or rights issues after their draft prospectus has been cleared by ...
SECURITY:
Trident to open from Dec 21; top security measures on cards
‘Additional security to be provided to all properties’. Mumbai, Dec. 4 The Oberoi Group, which will throw open the Trident to the public on December 21, is taking all steps to ensure the security of its guests, employees and ...
ALLIANCES & JOINT VENTURES:
Punj Lloyd seeks to enter nuclear power space
Benefits more long-term in nature. Punj Lloyd’s tie-up with Thorium Power – a US-based nuclear fuel technology provider and consultant would add the former to the list of domestic companies that could benefit from the country’s ...
OUTLOOK:
Titagarh Wagons on expansion track
The Kolkata-based Titagarh Wagons, one of the leading manufacturers of railway wagons and engineering equipment, chugs along growth path even as black clouds of economic slowdown hang over the manufacturing sector. Backed by growing ...
OUTLOOK:
Hyundai, GM, Mahindra plan to launch gas variants
Mumbai, Dec. 4 Greener fuels are gradually gaining ground in the automobile industry with manufacturers focusing on more gas ...
OUTLOOK:
Yamaha to roll out scooter next year
Expanding footprint of Yamaha Direct Shops. Chennai, Dec 4 Yamaha Motor India Sales Private Ltd plans to launch its first scooter next year. Since inception, the company was banking only on motorcycles despite the fact that gearless scooters ...
ANNOUNCEMENTS:
NMDC cuts iron ore prices for domestic buyers by 25%
New Delhi, Dec. 4 The National Mineral Development Corporation (NMDC) on Thursday reduced prices of iron ore for domestic long-term contracts by around 25 ...
ALLIANCES & JOINT VENTURES:
Sundaram Ind setting up jt venture with Bridgestone
Chennai, Dec. 4 Sundaram Industries Ltd, part of $5-billion TV Sundaram Iyengar & Sons Ltd, has set up a joint venture with Bridgestone Corporation of Japan to make anti-vibration rubber components for ...
NEW BUSINESS:
Marg to build, operate Bijapur airport
Chennai, Dec. 4 Marg Ltd, a Chennai-based company engaged in infrastructure development, has won the contract for building and operating an airport at ...
PERFORMANCE:
Ambassador sales drop on tightening of car finance
Kolkata, Dec. 4 Non-availability of car finance led to about 60-70 per cent drop in the sale of Ambassador cars in November, according to Mr R. Santhanam, Managing Director, Hindustan ...
PERFORMANCE:
Mahindra Renault’s Logan export crosses 1,000 units
Mumbai, Dec. 4 The Logan is having a rough ride in India but South Africa has taken to it in a big way. Exports from India have crossed the 1,000-unit mark since the time they began in ...
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