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Wednesday, June 10, 2009
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OUTLOOK: Tata Power sees revenues from power trading rising
Increase in merchant generation capacity. Chennai, June 9 Tata Power Company sees revenues from its power trading business increasing with more merchant power generating capacity ...

OVERSEAS INVESTMENTS: ONGC Mittal to start exploration in Nigeria soon
Plan for refinery has already been approved. ONGC Mittal Energy Ltd (OMEL) intends to start the first phase of hydrocarbon exploration in Nigeria by August in ...

OUTLOOK: Toyota Kirloskar scales down small car projections
Mumbai, June 9 Toyota Kirloskar Motor has scaled down annual projections for its small car, scheduled to debut in early 2011, from one lakh units to 70,000 units. This is a result of changed market conditions following the global recession ...

ENVIRONMENT: Energy efficiency targeted
India Inc is keen on achieving maximum energy efficiency as it is aware of the impact it could have on reducing operating cost. A energy efficiency indicator survey by Johnson Controls, which offers building solutions from heating, ...

NEW PROJECTS: Axis PE, IL&FS investment
Axis Private Equity and IL&FS Financial Services Ltd on Tuesday announced an investment of Rs 90 crore ($18 million) in Shalivahana Green Energy Ltd. While Axis PE has invested Rs 54 crore, IL&FS Financial Services will invest Rs 36 ...

ANNOUNCEMENTS: Swan Telecom re-named
Swan Telecom, which was among the new players to get telecom licences, has been re-named as Etisalat DB Telecom India Pvt Ltd. The board of Etisalat DB announced the change of name of the Indian company, a joint venture between Etisalat and ...

RESTRUCTURING: RInfra arrangement for demerger
The shareholders of Reliance Infrastructure Ltd (RInfra) on Tuesday approved the Scheme of Arrangement (Scheme) for demerger of the six divisions of the company. The demerger was carried according to the Sections 391 to 394 of the Companies ...

PEOPLE: Anand Goel now JMD at Jindal Steel
New Delhi, June 9 Mr Anand Goel has been promoted as Joint Managing Director, Jindal Steel and Power Ltd (JSPL). He has been associated with the Jindal Group for over three decades. “The promotion has come at a time when the company ...

REGULATORY BODIES & RULINGS: Dr Reddy’s new drug gets nod
Pharma major, Dr Reddy’s Laboratories Ltd has received approval from the US Food and Drug Administration for its Abbreviated New Drug Application (ANDA) for Omeprazole. The drug, which comes in capsule form, is meant for the treatment ...

NEW PROJECTS: Kemwell makes Rs 250-cr foray into biopharma
Boehringer Ingelheim’s technology for new facility. Bangalore, June 9 Pureplay contract pharmaceutical manufacturer Kemwell P Ltd has forayed into biopharmaceuticals by setting up a Rs 250-crore division called ...

NEW PROJECTS: KSK Energy Ventures to hike Wardha Chhattisgarh capacity
Hyderabad, June 9 KSK Energy Ventures Ltd has decided to increase the size of the Wardha Chhattisgarh project from 1,800 MW initially proposed to 3,600 ...

ANNOUNCEMENTS: Maytas to take up Shimoga, Gulbarga airport work
Hyderabad, June 9 The board of firectors of Maytas Infra on Monday decided to begin construction of Greenfield airports at Gulbarga and Shimoga in Karnataka ...

ANNOUNCEMENTS: Kudankulam first unit commissioning further delayed
Chennai, June 9 The Nuclear Power Corporation of India Ltd (NPCIL), which had said that the 1,000 MW first unit of the Kudankulam nuclear power projects would go on stream in August 2009, has now pushed it ...

NEW PROJECTS: Leyland-John Deere venture to be delayed
Chennai, June 9 Commercial production at Ashok Leyland John Deere Construction Equipment Company, the 50:50 joint venture between Ashok Leyland and the US-based John Deere, will be delayed by about a year. The company had planned for going ...

MERGERS & ACQUISITIONS: Dorf Ketal acquires Sanmar unit
Chennai, June 9 Dorf Ketal Chemicals has acquired Intec business from Sanmar Specialty Chemicals ...

OUTLOOK: GM bets big on mini-car for India
Mumbai, June 9 General Motors India is betting big on its global mini-car that is scheduled to debut towards the end of ...

ACCIDENTS: Fire at Kakinada palm oil refinery
...


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




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Markets (June 9)
Nifty (at close)4,559.10(+129.40)
US Dollar (Buy/Sell)47.48/49
Brent crude (a bbl) Rs3,179
Gold (a gram) Rs1,362
Silver (a kg) Rs24,375

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In Focus
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May. 31-Jun. 6
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