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CORPORATE
MERGERS & ACQUISITIONS:
Suzlon promoters sell 4% stake to fund REpower buy
Mumbai, May 25 The Tanti family, promoters of Suzlon Energy Ltd, on Monday reported the sale of about 60 million shares or about 4 per cent of the paid-up share capital of the company. Funds raised from the sale would be used for completing ...
OUTLOOK:
Moser Baer Photo Voltaic’s expansion plans may get pushed back by 1-2 quarters
New Delhi, May 25 Moser Baer Photo Voltaic Ltd’s (MBPV) capacity expansion roadmap for manufacturing solar cells and modules could get pushed-back by one or two quarters, to 2010-end, as the company seeks a clarity in the demand ...
PRIVATE PLACEMENT:
Parsvnath board approves proposal to raise up to Rs 2,500 cr
New Delhi, May 25 Parsvnath Developers announced on Monday that its board of directors have approved a proposal to raise up to Rs 2,500 crore by issuing fresh shares to institutional ...
OUTLOOK:
Dr Reddy’s to focus on R&D projects to drive more revenue
Hyderabad, May 25 Pharma major Dr Reddy’s Laboratories Ltd plans to drive more revenue from near-time research and development (R&D) ...
TRADE & LABOUR UNIONS:
Problem continues at MRF unit
Chennai, May 25 Workers at MRF’s Arakkonam unit continue their agitation as mediation efforts by the Vellore district administration failed, according to representatives of the MRF United ...
NEW PROJECTS:
Adani Power’s first unit at Mundra goes on stream
Kolkata/Ahmedabad, May 25 The first unit of Adani Power’s Mundra thermal power plant has started generating power on commercial basis. The 330 MW unit was synchronised with the grid on Saturday evening. The second 330 MW unit at Mundra ...
NEW BUSINESS:
BHEL bags Rs 703-cr order
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ALLIANCES & JOINT VENTURES:
Tatas tie up with Micro Housing
Mumbai, May 25 Tata Housing Development Company has tied up with Micro Housing Finance Corporation (MHFC) to provide easy housing finance for its lower income group project, ‘Shubh Griha’, coming up at Boisar ...
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
Comments & Letters to the Editor to: bleditor@thehindu.co.in
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