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CORPORATE
OUTLOOK:
DLF seeks de-notification of 4 special economic zones
Global slowdown, falling demand in IT, BPO space. New Delhi, April 17 The country’s largest real estate company DLF Ltd on Friday said it has approached the Government for de-notifying four IT/ITES SEZs. The SEZs are in Orissa, Gujarat, ...
OUTLOOK:
Grohe bullish on growth prospects in India
Planning facility to manufacture bathroom fittings. Coimbatore, April 17 The slowdown in the construction industry has not deterred Grohe India Pvt Ltd from expecting to set a scorching growth pace this year in ...
ANNOUNCEMENTS:
Arvind to reschedule debt
Textile major Arvind Ltd will reschedule Rs 904 crore of its long-term debt and increase the average maturity of these loans by two years, according to a company release. This move is being taken due to a high repayment obligation that had ...
DIVERSIFICATION:
Jewellery co eyes wellness biz
Ahmedabad-based Forever Precious Jewellery & Diamond Ltd forayed into the wellness business by launching a spa at an investment of Rs 15 crore. The spa, Anantaa, will be managed by Forever’s group company Facets Lifestyle. Spread over ...
NEW PROJECTS:
Ramada Plaza hotel in Delhi
The Litolier group has diversified into the hospitality industry with the opening of the 419 room four-star Ramada Plaza hotel here on Friday. “We are looking at having another hotel in Mumbai and possibly one more in Goa. The property ...
ALLIANCES & JOINT VENTURES:
Corp Bank pact with TVS Motors
Corporation Bank has signed a memorandum of understanding with TVS Motor Company for financing ‘TVS King’ (passenger auto-rickshaw). A bank release said here on Friday, that under the agreement, customers will have to pay 15 per cent ...
ANNOUNCEMENTS:
Gulf Oil gets nod for site development
Gulf Oil Corporation Ltd has informed BSE that the board of directors of the company at its meeting held today announced it received permission from the Andhra Pradesh Government for change of land use from industrial to non-industrial for 100 ...
OUTLOOK:
TN cement companies not gung-ho about Karaikal port
Chennai, April 17 Cement companies with factories in Tamil Nadu are happy that a new port has come up at Karaikal, but do not appear to be gung-ho ...
ANNOUNCEMENTS:
UB Holdings seeks nod for corporate guarantee
Worth up to Rs 12,000 cr to lenders of Kingfisher Air. Mumbai, April 17 United Breweries Holdings has sought shareholders’ nod for providing corporate guarantee worth up to Rs 12,000 crore to lenders of its subsidiary Kingfisher Airlines, ...
OUTLOOK:
BEML eyes Latin American mining market with Brazil unit
Bangalore, April 17 BEML’s Brazilian production facility has got going and will be the platform for the promising Latin American mining market, the defence PSU announced ...
OUTLOOK:
Lanco Infratech to invest Rs 15,000 cr in power
Hyderabad, April 17 Lanco Infratech Ltd (LITL) has firmed up plans to make up to Rs 15,000 crore capital investments in the power sector ...
ANNOUNCEMENTS:
Shriram group plans dilution of stake to fund infrastructure plans
Chennai, April 17 Until recently, the Chennai-based Shriram Group had wanted to remain only in financial services ...
PEOPLE:
Maytas Infra talks to IL&FS, bankers; to scout for CEO
Hyderabad, April 17 The expanded board of directors of Maytas Infra Ltd on Friday held discussions with the Chairman of IL&FS, Mr Ravi Parthasarathy, and bankers to chart out future course of action, including the possibility of a ...
ALLIANCES & JOINT VENTURES:
Manipal Health in tie-up with UK hospital
Manipal Health Systems has said it signed an MoU with Kentucky Children’s Hospital, University of Kentucky in the UK, for starting centres of excellence in clinical care, medical education and ...
NEW PROJECTS:
Numeric to set up solar project in TN
Numeric Power Systems, a manufacturer of UPS systems, is planning a 1-MW solar energy farm in Coimbatore. “We are setting up a solar project of 1 MW at the solar energy farm at Palladam near Coimbatore district. The cost of the project ...
Columnists:
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C Gopinath
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Harish Bijoor
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Ramanujam Sridhar
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Radhika Chada
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K Srikrishna
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