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CORPORATE
CORPORATE DISPUTES:
RNRL seeks meeting with RIL on gas sharing issue
Mumbai, June 23 Reliance Natural Resources Ltd (RNRL), an Anil Ambani Group company, has written to Reliance Industries Ltd (RIL) for a meeting of executives of the two companies to find a way forward in the KG basin gas ...
ANNOUNCEMENTS:
Tatas finalise first one lakh Nano allotments
Mumbai, June 23 Tata Motors has completed the process of selecting the first one lakh Nano allottees from among the 2.07-lakh who booked the car. The selection was done through a computerised random ...
PERFORMANCE:
NTPC burns more coal to produce electricity
High ash content, over-dependence on open mining are factors. New Delhi, June 23 A tonne of coal is the same as another tonne of coal, you might ...
PERFORMANCE:
Concor Q1 domestic traffic growth likely to be 14%
Improvement in availability of rakes. Container Corporation of India’s domestic traffic is showing a healthy growth while the international traffic is dwindling largely due to the recession in many developed ...
PERFORMANCE:
India records highest growth for LG Electronics
Clocks 18% driven by increase in AC, refrigerator sales. Hyderabad, June 23 For South Korean consumer electronics major LG Electronics, India could graph the highest growth rate in terms of sales compared with its other markets in the last five ...
RESEARCH & DEVELOPMENT:
JK Tyre research centre: IIT lab simulates a smooth drive
Chennai, June 23 It is quite a long drive from the institute’s main gate, past the well-known Gajendra Circle — a kind of a traffic roundabout inside the ...
RESTRUCTURING:
HAL forms unified helicopter complex to cater to growing business
Bangalore, June 23 Hindustan Aeronautics Ltd has recast all its helicopter-related activities that were spread across units under a new, unified Helicopter ...
AUDITING:
ICAI plans incubation facility for freshers
Mangalore, June 23 In its efforts to build capacity among small and medium chartered accountancy firms, the Institute of Chartered Accountants of India (ICAI) plans to provide incubation facilities for fresh CAs in its premises in the ...
OUTLOOK:
Indica, Indigo may come with factory-fitted CNG kits
Mumbai, June 23 Tata Motors is exploring the option of launching Indica and Indigo with factory-fitted CNG ...
OUTLOOK:
Profits from BRIC to tow GM out of slump
Ahmedabad, June 23 The BRIC nations are the fastest growing markets for General Motors and profits from these countries will be leveraged to pull the parent company in US out of the current slump, said Mr P. Balendran, Vice-President, ...
OUTLOOK:
Bajaj sees revival in sales in second half
New Delhi, July 23 Bajaj Auto expects the current financial year to be the best in the company’s history with regard to sales and profitability, said the Managing Director, Mr Rajiv ...
ALLIANCES & JOINT VENTURES:
NTPC to ink gas deal with Reliance soon
New Delhi, June 23 State-run power major NTPC Ltd said here on Tuesday it hopes to sign a gas purchase agreement shortly with Reliance Industries Ltd (RIL) for supplies to its gas-based power plants, excepting the Kawas and Gandhar ...
NEW BUSINESS:
Madison Media bags Britannia
Madison Media has bagged the media account of biscuit major Britannia Industries. The incumbent agency was Maxus of Group M which held the account for five ...
PEOPLE:
L&T nominees quit UltraTech board
Mumbai, June 23 Two L&T nominees — Mr Y.M. Deosthalee and Mr J.P. Nayak — in the UltraTech Cement board have resigned with effect from ...
OVERSEAS BORROWINGS:
India Inc raises $494 m via ECBs in May
Mumbai, June 23 The external commercial borrowing (ECB)/ Foreign Currency Convertible Bonds (FCCBs) data released by the Reserve Bank of India shows some encouraging ...
MERGERS & ACQUISITIONS:
Fight for Great Offshore could drain internal accrual
It’s ‘strategic’ for Bharati, ‘forward integration’ for ABG. The race for acquiring a stake in offshore oilfield service provider Great Offshore Ltd (GOL) gained pace with ABG Shipyard making a counter offer early ...
EXPORTS & IMPORTS:
New bikes may help Bajaj Auto ride back to the top
Latest offering to boost market share and export growth. Bajaj Auto’s launch of a premium motorcycle at a competitive price may help strengthen its market share in the segment and aid export ...
OUTLOOK:
PFC to raise Rs 23,000 cr
Power Finance Corporation (PFC) said on Tuesday it will raise Rs 23,000 crore by the end of this fiscal for financing various power projects. “We will raise Rs 23,000 crore this fiscal. The fund-raising will be through a combination of ...
ANNOUNCEMENTS:
Dr Reddy’s new drug
Pharma major Dr Reddy’s Laboratories Ltd has launched Bispec (Solifencin Succinate) in the domestic market. Used in the management of over active bladder (OAB), Bispec is available in tablet form and in dosages of 5 mg and 10 mg. ...
AUDITING:
Airtel seeks change in audit years
Bharti Airtel has sought the Department of Telecom’s permission for conducting audit of its account books for the years 2007-08 and 2008-09 instead of 2006-07. The DoT has appointed an independent auditor to examine Airtel’s books ...
PEOPLE:
Novopan official quits posts
Novopan Industries Ltd has informed BSE that Mr T Rakesh Reddy, Executive Director of the company, has resigned from the office of the Whole Time Director & Director from June 3, 2009, due to his ...
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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