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SECURITISATION: Infra cos securitise future receivables for current spends
Infrastructure companies are warming to the idea of securitising their future receivables from already established projects to marshal resources for setting up new ...

OVERSEAS BORROWINGS: Tata Steel, Suzlon raise $600 m thru GDR issue
Tata Power too looking at this route. Mumbai, July 21 Tata Steel and Suzlon Energy have together raised over $600 million through issue of global depository receipts, while Tata Power plans to raise $250 million through GDRs, with an option to ...

MERGERS & ACQUISITIONS: M&A activity in first half down 54%: Study
Indian cos involved in 136 deals; over half were domestic acquisitions. Chennai, July 21 Indian companies were involved in 136 mergers and acquisitions (M&A) in the first half of 2009, down 54 per cent when compared with the first half of ...

RESTRUCTURING: Reliance Infra to handle ADAG’s cement business
Mumbai, July 21 Reliance Infrastructure Ltd will undertake the cement business for the Anil Ambani group. Earlier, the responsibility was with group company Reliance Natural ...

OUTLOOK: Adani Power to import coal for Mundra plant
More than 50 per cent of the coal requirement for Adani Power’s 4,620-MW Mundra plant will have to be imported from Indonesia, though the company has tied up for domestic ...

RESTRUCTURING: Shanthi Gears declares lockout
Industrial gear manufacturer, Shanthi Gears Ltd (SGL), Coimbatore, has declared a lockout in all its units from 6 p.m. ...

OVERSEAS BORROWINGS: Tata Steel equity capital may rise 9% after GDR issue
Company can execute brownfield expansion quicker. Tata Steel, in a move to bolster its equity and capitalise on a 110 per cent run-up on its stock price in the last six months, has raised $500 million through a global depository receipt (GDR) ...

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




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Markets (July 21)
Nifty (at close)4,469.10 (-33.15)
US Dollar (Buy/Sell)48.42/44
Brent crude (a bbl) Rs3,138
Gold (a gram) Rs1,387
Silver (a kg) Rs23,370

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