Business Daily from THE HINDU group of publications
Saturday, January 31, 2009
ePaper | Mobile/PDA Version | Audio | Blogs
Business Daily from THE HINDU group of publications Saturday, January 31, 2009 ePaper | Mobile/PDA Version | Audio | Blogs |
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CORPORATE DISPUTES: HC allows Reliance to sell KG basin gas at $4.20 Interim order not to affect rights of RNRL, NTPC. Mumbai, Jan. 30 The Bombay High Court on Friday allowed the Mukesh Ambani-controlled Reliance Industries to sell natural gas from its KG basin block at the Government approved price of $ ... OUTLOOK: KG trial production by Feb-end New Delhi, Jan. 30 Reliance Industries Ltd is expected to start trial production from its Krishna Godavari Basin fields (D6 block) by the end of February or early ... CORPORATE BONDS: Tata Capital to raise Rs 500 cr via non-convertible debentures Money to help business growth, repaying costlier debt. Mumbai, Jan. 30Tata Capital said it would raise Rs 500 crore through a non-convertible debenture issue, with an option to retain oversubscription of up to Rs ... PREFERENTIAL ALLOTMENTS: Spice prefers pref issue route to acquire Satyam New Delhi, Jan. 30 Spice Group - the latest suitor in the fray for Satyam Computer Services - on Friday said it is keen on acquiring controlling stake in the troubled software company through preferential issue of shares (by Satyam) and not ... MERGERS & ACQUISITIONS: Sistema Shyam open to more acquisitions in CDMA biz Looking out for companies to manage IT, call centre functions. New Delhi, Jan. 30 Sistema Shyam Teleservices, the latest entrant in Indian mobile space, is open to more acquisitions in a bid to get quicker access to the world’s fastest ... FINANCIAL PERFORMANCE: Suzlon posts Rs 390-cr net loss in Q3 Dented by forex losses, replacement of faulty turbine blades. Mumbai, Jan. 30 Wind turbine maker Suzlon Energy Ltd reported a standalone net loss of Rs 390.93 crore for the third quarter ended December 31, due to forex losses, provisions made ... PERFORMANCE: Sale of ready-mix concrete biz boosts L&T Co expects slowdown in products, shipyards biz. Mumbai, Jan 30 Boosted by an extraordinary income of Rs 916 crore from sale of its ready-mix concrete business, Larsen and Toubro has reported a 216 per cent rise in net profit at Rs 1,520 crore ... CORPORATE GOVERNANCE: Towards simple and clear audit reports The Satyam episode has set many of us thinking about what really an auditor’s role is, how reliable is his report and whether it provides reasonable comfort to the reader to conclude that the financial statements are proper and ... ACCOUNTANCY: L&T: Exposure to Satyam not subject to mark-to-market accounting Decision on acquiring more stake to be put on hold now. Mumbai, Jan. 30 Larsen & Toubro’s recent investments in the Satyam stock will not be subject to mark-to-market accounting and taken to the profit and loss account as they ... MERGERS & ACQUISITIONS: Bhushan arm buys stake in Orissa Sponge Kolkata, Jan. 30 Bhushan Energy, an unlisted subsidiary of Bhushan Steel, on Thursday bought 19 lakh shares of Orissa Sponge on ... REGULATORY BODIES & RULINGS: Zydus gets new approvals Pharmaceutical major Cadila Healthcare Ltd (Zydus Cadila) has received three product approvals under anti-epileptic segment from the United States Food and Drug Administration (USFDA) in quick succession, the company said here. The Group ... PEOPLE: Maytas Infra Director quits Hyderabad, Jan 30 Mr C.S. Bansal, whole-time director on the board of Maytas Infra, has quit. He would however, continue in his role as President (Transportation, Oil & gas sector), according to a company release. Maytas Infrais now left ... AUDITING: Correction Price Waterhouse has clarified that its partners — Mr S. Gopalakrishnan and Mr Talluri Srinivas — have not been ‘sacked’ as reported in Business Line on Friday. They have been suspended of all ... NEW PROJECTS: AllGreen Energy plans 10 biomass-based projects Bangalore, Jan 30 AllGreen Energy India, a Bangalore-based renewable energy company, will launch 10 biomass-based renewable energy projects in the country in the next 2-3 years, with the first three of them to be set up in Karnataka, Tamil ...
NEW PROJECTS:
Uniworld logistics park to be opened today
FINANCIAL PERFORMANCE:
Suzlon's revenues from US to go down 50%
FINANCIAL PERFORMANCE:
GMR Infra net dips 69% 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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