Business Daily from THE HINDU group of publications
Tuesday, January 20, 2009
ePaper | Mobile/PDA Version | Audio | Blogs
Business Daily from THE HINDU group of publications Tuesday, January 20, 2009 ePaper | Mobile/PDA Version | Audio | Blogs |
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PERFORMANCE: Unitech repays/reschedules 75% of Rs 2,500-cr debt due by March New Delhi, Jan. 19 India’s second-largest real estate company Unitech Ltd on Monday said it has repaid or rescheduled nearly three-fourths of its Rs 2,500-crore loans due by March ... OUTLOOK: Tatas likely to produce 80,000 Nanos in 2009-10 Initial rollout to be from Pantnagar till Sanand is fully ready. Mumbai, Jan. 19 Production of the Nano will be confined to 80,000 units during 2009-10, according to top ancillary suppliers associated with ... ANNOUNCEMENTS: Vedanta cancels Rs 233-cr Maytas Infra order Maytas Infra CEO P.K. Madhav quits. Hyderabad, Jan. 19 The whole-time director and Chief Executive Officer of the troubled Maytas Infra Ltd., Mr P.K. Madhav, has quit citing personal ... ALLIANCES & JOINT VENTURES: Trivitron ties up with Vision Engg Pune, Jan. 19 Medical technology provider Trivitron has formed a 51:49 joint venture with the Pune-based Vision Engineering Pvt Ltd, an x-ray machine manufacturing ... CORPORATE GOVERNANCE: Satyam: Obvious caution signs ignored Promoters selling stake in a growing company was an indicator. Mumbai, Jan. 19 The steady sale of Satyam Computer shares by the promoters over the last seven years did not ring a warning bell with analysts and investors, who now say that they ... OUTLOOK: Cairn’s discoveries in Rajasthan block commercially exploitable New Delhi, Jan. 19 The three discoveries made by Cairn India in 2005-06 in its prolific Rajasthan block have got the Government nod for commercial ... OPEN OFFERS: Daiichi Sankyo must honour Rs 160/share commitment: Zenotech Daiichi Sankyo, which acquired Ranbaxy, has made an open offer of Rs 113.62 a share of Zenotech Laboratories Ltd (ZLL), a decision which brought immediate resentment from the latter's ... OVERSEAS BORROWINGS: Wockhardt gets nod to raise Rs 500 cr Mumbai, Jan. 19 Shareholders of drug-maker Wockhardt have approved the company board’s resolution to raise upto Rs 500 crore, largely to redeem its foreign currency convertible bond (FCCB) of about $ 110 million that matures in ... FINANCIAL PERFORMANCE: Jaiprakash Associates net up 6% New Delhi, Jan. 19 Jaiprakash Associates Ltd, part of the diversified Jaypee Group, has registered net profit of Rs 165.51 crore for the quarter ended December 31, 2008 registering growth of six per cent over the corresponding quarter of ... CORPORATE DISPUTES: RNRL open to NTPC receiving first tranche from KG block Mumbai, Jan. 19 Reliance Natural Resources Ltd (RNRL) of the Anil Ambani group, which is engaged in legal battle with Mukesh Ambani’s Reliance Industries Ltd for natural gas from KG basin, is open to NTPC receiving the first tranche of ... FINANCIAL PERFORMANCE: Results at a glance ... MERGERS & ACQUISITIONS: European cos pick 50% stake in Tricon Shipping Chennai, Jan.19 Two European companies — Rohlig of Germany and Gebruder Weiss of Austria — have jointly picked up a 50 per cent stake in Tricon Shipping, a Chennai-based company, for an undisclosed sum. While Tricon will have ... CORPORATE GOVERNANCE: Nothing ‘independent’ about these directors Bangalore, Jan. 19 How independent or competent are ‘independent’ directors in a ... FINANCIAL PERFORMANCE: UltraTech: Sales strong, margins down Lower fuel, input costs yet to reflect in numbers. BL Research Bureau It’s the second quarter in succession that UltraTech Cement’s profits have slipped on the back of rising costs and a slippage in operating profit ... Columnists: • C Gopinath • Harish Bijoor • Ramanujam Sridhar • Radhika Chada • K Srikrishna Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
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