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NEW PROJECTS: JK Tyres to invest Rs 270 cr in Mysore unit
Sees growth in off-the-road tyre segment. New Delhi, April 23 JK Tyres on Wednesday said it will invest Rs 270 crore to set up a new facility in Mysore for off-the road (OTR) ...

FINANCIAL PERFORMANCE: Reliance Infra posts 11% rise in Q4 net
Mumbai, April 23 Reliance Infrastructure Ltd of the Anil Ambani Group has posted a 11 per cent increase in net profit for the fourth quarter. The company has attributed the rise to the increase in the number of units of electricity sold by ...

OUTLOOK: GE Hitachi in talks with L&T for nuke plans
New Delhi, April 23 GE Hitachi Nuclear Energy (GEH) is in talks with Larsen & Toubro (L&T) to engage the engineering and construction firm as a potential vendor for its nuclear power plants in ...

MERGERS & ACQUISITIONS: Titagarh Wagons sees drop in FII holdings ahead of planned merger
Kolkata, April 23 Titagarh Wagons has seen around 3.78 percentage points drop in FII holding in its equity in the fourth quarter to March 31 as compared to the previous quarter. However, holdings of five overseas investors — GE ...

OUTLOOK: Mont Blanc pens India strategy
Bangalore, April 23 Luxury brand Mont Blanc says it will continue its investments and retail strategy around the world, including India, the global financial crisis ...

SICK UNITS: Ruia pledges 51% Dunlop stake
Kolkata, April 23 The Ruia Group has pledged 51 per cent of its 74.5 per cent shareholding in Dunlop India with an Indian private bank to raise $125 million (Rs 600 crore) loan in October 2008. The company had notified the same in BSE on ...

OUTLOOK: Nano bookings may near 10-lakh mark
Mumbai, April 23 Bookings for the Nano draw to a close on Saturday (April 25) and indications are that Tata Motors will announce the final tally early next ...

NEW PROJECTS: Sabari Realtor launches housing project
Chennai, April 23 Sabari Realtor Pvt Ltd, part of the Sabari Group (a diversified business entity with interests in hotels, retail and real estate), has announced the launch of its new housing project, ‘Sabari’s ...

DIVERSIFICATION: Travel services from Muthoot Pappachan
Kochi, April 23 Muthoot Pappachan Group, one of the largest family promoted corporate houses, has forayed into another area of business by offering travel-related services through Muthoot ...

MERGERS & ACQUISITIONS: Everest Kanto completes stake acquisition in CC&L
Kolkata, April 23 Everest Kanto Cylinder Ltd completes acquisition of the Kolkata-based Calcutta Compressions and Liquefaction Engineering Pvt Ltd (CC&L). According to an EKC release, the company has acquired 72.65 per cent controlling ...

Columnists: C Gopinath Harish Bijoor Ramanujam Sridhar Radhika Chada K Srikrishna




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Markets (April 23)
Nifty (at close)3423.70(+93.40)
US Dollar (Buy/Sell)49.92/94
Brent crude (a bbl) Rs2,488
Gold (a gram) Rs1,344
Silver (a kg) Rs21,140

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In Focus
Nano - The People's Car

Mandate 2009

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Goldman Sachs CEO sees hopeful signs of US recovery

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Nano bookings may near 10-lakh mark

TCS aims to double revenues from home turf

IBA to come up with norms on compromise settlement of loans

Looking back
Apr. 12-Apr. 18
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