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RESTRUCTURING: Maytas Infra draft debt recast scheme ready
SBI Caps to fine-tune the package in discussion with 17 lenders. New Delhi, May 5 Maytas Infra Ltd said on Tuesday that it has worked out a draft Corporate Debt Restructuring (CDR) plan, which will now be fine-tuned by consultant SBI Caps after ...

ALLIANCES & JOINT VENTURES: L&T inks pact with EADS to invest in defence biz
Rs 2,000-cr investment over next three years planned. Mumbai, May 5 Larsen and Toubro has tied up with Europe’s EADS Defence and Security division to form a joint venture company for defence electronics ...

NEW PROJECTS: Tube Investments to invest Rs 85 cr for wagon plant in Uttarakhand
Chennai, May 5 Tube Investment of India (TI) proposes to put up a plant in Uttarakhand to produce railway wagons. The company expects to invest about Rs 85 crore in ...

RESEARCH & DEVELOPMENT: Jubilant in R&D deal with AstraZeneca
Pushed by generic competition, thin new drug pipeline, global drug cos continue to outsource. New Delhi, May 5 Jubilant Organosys Ltd announced that its Bangalore-based subsidiary, Jubilant Biosys Ltd, has signed a research collaboration ...

ANNOUNCEMENTS: Strides joins flu drug suppliers
Bangalore, May 5 As the global guard remained high against influenza-A or H1N1 virus, better known as ‘swine flu’, Strides Arcolab Ltd on Tuesday said it had started exporting its generic oseltamivir capsules to ...

TRADE & LABOUR UNIONS: Strike affects work at M&M plant
...

PEOPLE: ABB India CFO resigns
...

OUTLOOK: Nitco Tiles plans making sanitary, chrome plated bathroom fittings
Nitco Tiles Ltd is to soon venture into manufacturing of sanitary and chrome plated (CP) bathroom fittings, according to its Vice-President, Sales and Marketing, Mr ...

NEW PROJECTS: Key Nano suppliers gather at Sanand plant
New Delhi, May 5 Just a day after announcing an order book of 2.03 lakh for the Nano, Tata Motors met its component suppliers on Tuesday at the Sanand plant in Gujarat. The purpose was to allot suppliers land in the vendor park and also show ...

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




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Nifty (at close)3661.90(+7.90)
US Dollar (Buy/Sell)49.27/28
Brent crude (a bbl) Rs2,657
Gold (a gram) Rs1,354
Silver (a kg) Rs22,545

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In Focus
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