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Sunday, July 12, 2009
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NEW PROJECTS: Solar PV projects: Govt wants financial closure by Aug 31
12 applicants to invest Rs 76,500 crore over 10 years. New Delhi, July 13 Solar Photo Voltaic (PV) projects in the country have taken another step forward. The Department of Information Technology has asked the 12 applicants who recently ...

ANNOUNCEMENTS: GAIL to source gas from ONGC at $5.5
New Delhi, July 11 Come August and GAIL will lift gas from ONGC’s marginal C-series field at a market-related price. The field is located 60 km west of Daman in the Tapti-Daman block of Mumbai Offshore. The gas will be priced ...

ALLIANCES & JOINT VENTURES: BHEL, NPCIL looking to rope in third partner for N-plant biz
To divest equal stake; new partner to be announced by month end. Mumbai, July 11 Bharat Heavy Electricals Ltd (BHEL) and Nuclear Power Corporation of India Ltd (NPCIL), which have a joint venture for undertaking engineering, procurement, ...

NEW PROJECTS: Apollo Tyres sees Nov rollout from Chennai plant
Capacity to produce 8,000 tyres a day. Chennai, July 11 Apollo Tyres expects its greenfield facility near Chennai to go on stream from November. The plant will make top-of-the-line truck and bus radials and ultra-high-performance passenger car ...

OVERSEAS INVESTMENTS: Amrit Group in talks with European cos for liquid milk
The Kolkata-based Rs-650 crore Amrit Group, which recently forayed into dairy business, plans to tie up with a European company for production of value added liquid milk catering to the nutritional requirements of various ...

ANNOUNCEMENTS: Kingfisher to suspend 2 international flights
Kingfisher Airlines is to suspend daily operations from Bangalore to London and Colombo from September 15, even as it has announced plans to operate flights from Delhi and Mumbai to various global destinations including Bangkok, Dubai, ...

TAXATION: MAT increase may hit Tier-II players
The Finance Minister has brightened the hearts of the captains of the IT industry by extending the tax holiday by a year, the abolition of fringe benefit tax and the removal of duty on packaged software. But he has taken the shine off by ...

NEW BUSINESS: Mitsui wins bid for transporting Nissan cars
Chennai, July 11 Mitsui O.S.K. Lines Ltd has won the bid for transporting Nissan Motor Co Ltd’s cars produced at its Chennai plant to the port. The bid is also for handling port operations for export of the cars, such as storage ...

NEW PROJECTS: Foundation stone laid for new melting shop at Bhilai Steel Plant
Kolkata, July 11 The Union Steel Minister, Mr Virbhadra Singh, on Saturday laid the foundation stone for a new four-million-tonne per annum capacity steel melting shop (SMS) III at the Bhilai Steel ...

NEW PROJECTS: Praj Industries sets up energy agri solutions facility
To strengthen its biofuel focus, Praj Industries has set up an energy agri solutions group. This was stated here by Mr Shashank Inamdar, Chief Executive Officer and Managing Director, ...


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




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Markets (July 10)
Nifty (at close)4,003.90 (-77.05)
US Dollar (Buy/Sell)49.00/01
Brent crude (a bbl) Rs2,981
Gold (a gram) Rs1,352
Silver (a kg) Rs22,410

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