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CORPORATE
OUTLOOK:
Unaffected by parent’s bankruptcy: GM India
Dealers, warranty, customer services will not be impacted, says co. Mumbai, June 1 General Motors India has reiterated that operations here will continue as normal and that it remains unaffected by its American ...
OUTLOOK:
Pepsi to double India investment this year
New Delhi, June 1 PepsiCo is doubling its investment in its Indian beverage business for calendar 2009. The company said on Monday that it will invest over $220 million (Rs 1,000 crore) to increase the capacity of the ...
OUTLOOK:
Renault may be prompted to revive Chennai car project
Needs to roll out appropriate product that fits well with Nissan line. Mumbai, June 1 French automaker Renault, which had frozen its Chennai car project owing to the global slowdown, could now be compelled to revive it sooner than it expected ...
OUTLOOK:
CPCL’s capacity to go up by 1 mt from October
Rs 200-cr project will give a boost to Manali refinery. Chennai, June 1 Chennai Petroleum Corporation’s project for raising its Manali refinery’s capacity by one million tonnes is nearing completion, the company’s Managing ...
NEW PROJECTS:
Further delay feared in Kudankulam project
Chennai, June 1 Nuclear Power Corporation of India’s Web site gives August 2009 as the “expected date of (commencement) of commercial operation of the first unit of the Kudankulam nuclear power project”. But even those in ...
FINANCIAL PERFORMANCE:
Amara Raja net up at Rs 28 cr in Q4
Hyderabad, June 1 Automotive battery maker Amara Raja Batteries has recorded a marginal growth in net profit at Rs 28 crore for the fourth quarter ended Mach 31, 2009 as against Rs 26.1 crore same period last ...
FINANCIAL PERFORMANCE:
Pricol posts Rs 30-cr loss
Coimbatore, June 1 Despite posting a modest increase in turnover in 2008-09 compared with the previous fiscal, the Coimbatore-based auto component manufacturer Pricol Ltd posted a substantial loss in the ...
NEW PROJECTS:
Tata Advanced Systems to set up chopper unit
Tata Advanced Systems, part of the diversified Tata Group, has been allotted land to set up a helicopter manufacturing base in the aerospace special economic zone (SEZ) near ...
OPEN OFFERS:
MP Labs accepts exit price for Matrix shares
Hyderabad, June 1 MP Laboratories (Mauritius) has issued a public notice to the shareholders of Matrix Laboratories that it has accepted the price of Rs 211 an offer share (‘exit price’) established by the reverse book ...
OUTLOOK:
NTPC-BHEL picks AP for Rs 6,000-cr equipment unit
Hyderabad, June 1 The NTPC-BHEL joint venture has zeroed in on Andhra Pradesh to establish a Rs 6,000-crore power equipment manufacturing base in Chittoor ...
OPEN OFFERS:
Great Offshore up on Bharati’s open offer
Mumbai, June 1 Shares of Great Offshore rose 2.68 per cent to Rs 373.70 after Bharati Shipyard announced an open offer for another 20 per cent stake on Monday. Bharati, which holds 14.89 per cent stake in the company, is yet to announce the ...
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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