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OUTLOOK: Drug cos expect better access to Japanese market
Mumbai/New Delhi, May 27 Domestic drug-makers expect to gain better access into Japan, the world’s second largest pharmaceutical ...

NEW PROJECTS: GMR Energy ties up funds for Orissa project
Thirteen banks in pact to finance Rs 4,540-crore venture. Bangalore, May 27 The 1,050-MW Kamalanga thermal power project in Orissa, promoted by GMR Energy, is set to take-off with the company on Wednesday achieving the financial closure by ...

OVERSEAS INVESTMENTS: Kuraray looking at manufacturing in India
New Delhi, May 27 Japanese chemical major Kuraray Co Ltd on Wednesday announced that it was considering the viability of manufacturing in India. The wholly-owned Indian subsidiary, Kuraray India Pvt Ltd, recently set up a sales and ...

OUTLOOK: Polymedicure to focus on domestic market
Hyderabad, May 27 Medical devices maker Polymedicure Ltd will focus on the potential domestic market to spur its growth in the near future. It has announced the launch of two niche products — blood collection tubes and ...

SOCIETY & DEVELOPMENT: Dow India inaugurates water purification plant at Dahej
Gandhinagar, May 27 Dow Chemical International Pvt Ltd on Tuesday inaugurated a water purification plant at Kadodara village near Dahej in Bharuch district of Gujarat, providing almost 3,000 people with a long-term sustainable clean ...

FINANCIAL PERFORMANCE: Cairn India net down 84%
Mangala Processing Terminal ready to start production in ...

FINANCIAL PERFORMANCE: Britannia standalone net dips 5%
...

PEOPLE: Pyramid Saimira gets new Chairman
Chennai, May 27 Pyramid Saimira Theatres Ltd has “decided to refocus on ...

TRADE & LABOUR UNIONS: MRF lifts lockout, but workers won’t resume
Chennai, May 27 MRF Ltd has lifted the lockout at its Arakkonam manufacturing unit, according to information provided by the company to the ...

FINANCIAL PERFORMANCE: JSPL consolidated net zooms
New Delhi, May 27 Jindal Steel and Power Ltd reported a 141 per cent growth in consolidated net profits for the financial year ...

ALLIANCES & JOINT VENTURES: GVK to partner EMRI
The GVK group has agreed to partner EMRI and bear around five per cent of the cost for running the popular ‘108’ healthcare support facilities, according to a statement from the Chief Minister’s ...

NEW PROJECTS: Tata Realty to raise $1 b
Mumbai, May 27 Tata Realty and Infrastructure said it plans to raise a $1 billion (Rs 4,700 crore) infrastructure fund to support projects worth Rs 20,000 crore that will be executed over the next ...

NEW PROJECTS: ONGC to start appraisal drilling in Mahanadi block
The state-run ONGC plans to commence appraisal drilling in a Mahanadi offshore block on the coasts of Orissa next month. The company had struck a “small sized” gas reserve in the deepwater block the MN-OSN-2000/2 during ...

NEW PROJECTS: Prajay Engg to hike share capital
Infrastructure and real estate company Prajay Engineers Syndicate Ltd is set to increase its authorised share capital from Rs 50 crore, divided into five crore equity shares of Rs 10 each, to Rs 90 crore. The company also plans to issue warrants ...

NEW BUSINESS: IVRCL bags Rs 299-cr Bihar order
IVRCL Infrastructure & Projects Ltd has bagged orders worth Rs 299 crore from the Public Health Engineering Department of the Bihar Government. In a statement to the stock exchange, IVRCL said the project involves surveying, ...


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




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Markets (May 26)
Nifty (at close)4,276.05(+159.35)
US Dollar (Buy/Sell)47.60/61
Brent crude (a bbl) Rs2,875
Gold (a gram) Rs1,359
Silver (a kg) Rs23,790

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In Focus
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Looking back
May. 17-May. 23
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