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CORPORATE
PRIVATE PLACEMENT:
Corporate fund-raising picks up
Rs 4,779 cr raised in April and May; QIPs remain favourite route. Mumbai, June 5 Fund-raising by Indian corporates has picked up significantly with the market looking up in the first two months of the current ...
NEW PROJECTS:
Tax break for Toyota small car project
Company to invest Rs 3,200 cr, create 2,000 jobs. Bangalore, June 5 The Karnataka Government, on Friday, extended tax concessions of up to Rs 80 crore for a three-year period to Toyota Kirloskar, which is expanding its manufacturing facility at ...
OVERSEAS INVESTMENTS:
BPCL open to Oman Oil hiking stake in Bina refinery
Overseas partner wants 26% for $250 m. Mumbai, June 5 Bharat Petroleum Corporation is reportedly open to the idea of offering equity in the six-million-tonne Bina refinery to Oman Oil as long as it translates into a premium ...
OUTLOOK:
JBM Group scouting for partner to enter aviation parts biz
In talks with US, European companies. JBM Group is hunting for a joint venture partner or a technical collaborator to enter into manufacturing of components for ...
OUTLOOK:
GM India sets store by new mini car, exports
Says 2010 will be ‘big’ for the company. New Delhi, June 5 Dismissing concerns over its prospects in the domestic market, General Motors India on Friday said that the year 2010 will be ‘big’ for the ...
ENVIRONMENT:
Tata Steel plant cuts CO2 emission
Tata Steel’s plant at Jamshedpur reduced the CO2 emission by 36 per cent in past 12 years, according to company sources. This was possible through adoption of several measures which included, among others, installation of energy ...
NEW BUSINESS:
Jain Irrigation bags World Bank project
Jain Irrigation has bagged a World Bank project worth Rs 77.8 crore for execution this year. The State Agricultural Engineering Department and the Tamil Nadu Agricultural University are expected to implement the Tamil Nadu - Irrigated ...
SOCIETY & DEVELOPMENT:
Tata Steel, Jharkhand Govt tie up
Tata Steel and the Government of Jharkhand on Friday signed a memorandum of understanding for setting up an industrial training centre at Tamar, Jharkhand, according to a Tata Steel press release. As per the MoU, the Jharkhand Government ...
ANNOUNCEMENTS:
Manjushree Extrusions name changed
Manjushree Extrusions Ltd a Bangalore-based packaging group announced the change of name to Manjushree Technopack Ltd. While the company will retain brand ‘Manjushree’ as a part of the new name, it has been decided to ...
MERGERS & ACQUISITIONS:
GVK takes over EMRI management
Three new board members inducted. Hyderabad, June 5 Emergency Management and Research Institute, which runs the ‘108’ emergency medical help ambulance service, has been renamed GVK-EMRI. It has also made additions to ...
OUTLOOK:
Siemens plans new plant for industrial goods
Mumbai, June 5 Siemens Ltd plans to open a factory in Aurangabad this fiscal to produce industrial goods for the transportation sector, according to Dr Armin Bruck, Managing ...
CREDIT RATING:
Crisil downgrades Glenmark’s ratings
Mumbai, June 5 Glenmark has taken corrective measures in its overseas markets, and expects its financial profile to improve, the company ...
SOCIETY & DEVELOPMENT:
Coke launches rainwater harvesting project at Aluva SOS Children’s Village
Kochi, June 5 SOS Children’s Villages of India and Coca-Cola India announced the commencement of work on 2.4 crore litres of rainwater harvesting (RWH) project at SOS Children’s Village in Aluva near ...
OUTLOOK:
ECL plans to raise coal output to 12 mt
Eastern Coalfields Ltd (ECL), a wholly owned subsidiary of Coal India Ltd, proposes to enhance its underground coal production from 8.5 million tonnes (mt) to 12 mt in the next two years through infusion of mass production ...
ACCIDENTS:
Minor fire at MRPL
Mangalore, June 5 A minor fire broke out in naphtha vaporiser of the hydrogen plant at Mangalore Refinery and Petrochemicals Ltd (MRPL) on Friday morning. Ms Lekshmi Kumaran, Deputy General Manager (Corporate Communication) of MRPL, told ...
CORPORATE DISPUTES:
ONGC slaps penalty on Shiv-Vani Oil
Delay in rig supply. Kolkata, June 5 ONGC plans to come down hard on Shiv-Vani Oil and Gas exploration Services Ltd for the inordinate delay in supplying onshore ...
CORPORATE BONDS:
PowerGrid plans Rs 2,500 cr bond issues this year
Aurangabad, June 5 Power transmission major, Power Grid Corporation of India (PGCIL) is planning two bond issues for Rs 2,500 crore this fiscal to fund its capital expenditure ...
FINANCIAL PERFORMANCE:
GMR Infra Q4 net rises 6.4%
Bangalore, June 5 Buoyed by higher revenue from all its major divisions, airports, roads and power, GMR Infrastructure Ltd (GMIL) has reported a 6.4 per cent growth in its consolidated net profit for the fourth quarter of ...
OUTLOOK:
Hinduja Global plans new facilities
New Delhi, June 5 Hinduja Global Solutions plans to set-up a new facility in the Delhi NCR (National Capita Region) and another at an yet-to-be-identified location in Western India to create capacity of 300-500 seats each. The centres ...
PREFERENTIAL ALLOTMENTS:
Sterling Holiday allots equity shares, warrants
Chennai, June 5 The Chennai-based Sterling Holiday Resorts (India) Ltd has informed the stock exchange of allotment of 95.26 lakh equity shares of Rs 10 each at a premium of Rs 25 a share and 5,00,000 warrants at Rs 35 each on a ...
NEW PROJECTS:
GVK Power hopes financial closure for Punjab project by Sept
Hyderabad, June 5 GVK Power & Infrastructure Ltd expects to achieve financial closure for the Rs 3,000-crore Taran Taran-based Goindwal Sahib project by ...
BONUS ANNOUNCEMENTS:
Anu’s Lab plans to raise Rs 250 cr
Hyderabad, June 5 Bulk drug maker Anu’s Laboratories Ltd is planning to raise Rs 250 crore in the next six months to fund its ...
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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