Business Daily from THE HINDU group of publications
Saturday, June 27, 2009
ePaper | Mobile/PDA Version | Audio | Blogs
Business Daily from THE HINDU group of publications Saturday, June 27, 2009 ePaper | Mobile/PDA Version | Audio | Blogs |
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MERGERS & ACQUISITIONS: Jaguar Land Rover drags Tata Motors into the red Consolidated loss Rs 2,505 cr in 2008-09; tough measures on cards. Mumbai, June 26 The acquisition of the UK-based Jaguar Land Rover (JLR) has cost Tata Motors dearly, with the company posting a net loss of Rs 2,505 crore for 2008-09 on a ... OVERSEAS INVESTMENTS: Caraco’s FDA rap to hurt Sun Pharma FDA seizes Sun arm’s drugs. Mumbai, June 26 Sun Pharma may not have a time-frame by which it expects to dispel the regulatory shadow cast on its US subsidiary Caraco Pharmaceutical. The US authorities seized drug products made at the ... NEW PROJECTS: Kesoram plans further capacity expansion Tyre unit proposal to cost Rs 750 cr and cement unit Rs 800 cr. Kolkata, June 26 The board of Kesoram Industries Ltd, a B K Birla group company, has decided to expand the capacity of its cement and tyre units located at Balasore (Orissa) and ... OUTLOOK: Max India to raise more equity funds May pump in Rs 700 cr in insurance subsidiary in FY ’09-10. New Delhi, May 26 Max India Ltd plans to raise equity funds of about Rs 500 crore in the next six months to part finance its planned investments in its insurance ... CREDIT RATING: Chennai desalination project suffers further delay Long-term loan put on ‘rating watch negative’. Chennai, June 26 Following protracted delays in the commissioning of the Rs 550-crore desalination project by Chennai Water Desalination Ltd, Fitch Ratings has placed the company’s ... ANNOUNCEMENTS: Punj Lloyd to raise Rs 1,500 cr Engineering and construction firm Punj Lloyd said its board has approved raising up to Rs 1,500 crore through the issue of securities. “The board of directors, at its meeting here, has approved raising of funds through issue of ... PERFORMANCE: Tata Steel sees sales jump 25% in FY’10 Mumbai, June 26 Tata Steel expects demand for steel in the country to remain buoyant despite the recessionary trend in the global markets. The company’s deliveries increased by 9 per cent to 5.23 million tonnes (mt) in financial ... NEW PROJECTS: Unitech raises $575 m through QIP issue New Delhi, June 26 Real estate company Unitech Ltd on Friday kicked off a process to raise nearly $575 million by selling fresh shares to a clutch of institutional ... OUTLOOK: GAIL plans two pipeline projects Bangalore, June 26 The board of the public sector GAIL (India) Ltd has approved a Rs 7,600-crore investment for two pipeline projects linking Karnataka to the National ... SOCIETY & DEVELOPMENT: Amway launches orphanage programme in Kochi Amway Opportunity Foundation (AOF), a registered non-profit organisation, has launched ‘Project Sunrise’ here by signing an MoU with its partner, Infant Jesus Orphanage and handed over a cheque of Rs 73,125 to Mother Superior ... MERGERS & ACQUISITIONS: Remondis forays into Indian waters Pune, June 26 German water management company Remondis Aqua International GmbH has launched Remondis Aqua (India) Private Ltd, a wholly-owned subsidiary based in ... OVERSEAS INVESTMENTS: ONGC Mittal exits Trinidad & Tobago New Delhi, June 26 ONGC Mittal Energy Ltd (OMEL) has exited the oil and gas production sharing contract (PSC) it had signed with the Trinidad and Tobago Government for exploration in North Coast Marine Area (NCMA)-2 ... NEW PROJECTS: Lanco Infra meet clears fund plan Hyderabad, June 26 The extraordinary general meeting of Lanco Infratech Ltd, today approved an enabling resolution that empowers the company to raise up to Rs. 2,500 crore to part fund expansion projects, particularly in the power ...
NEW PROJECTS:
JSPL’s Orissa project work in full swing Columnists: • C Gopinath • Harish Bijoor • Ramanujam Sridhar • Radhika Chada • K Srikrishna Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
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