Business Daily from THE HINDU group of publications
Friday, July 24, 2009
ePaper | Mobile/PDA Version | Audio | Blogs
Business Daily from THE HINDU group of publications Friday, July 24, 2009 ePaper | Mobile/PDA Version | Audio | Blogs |
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FINANCIAL PERFORMANCE: Strong numbers make it a jubilant day for India Inc Oil and Natural Gas Corporation Ltd, the upstream oil company, and Ambuja Cements Ltd, a Holcim group company, saw their net profit falling for the April-June quarter over the same period last year, on an otherwise happy day for India Inc, ... MERGERS & ACQUISITIONS: Promoters of new telecom firms cannot sell stake for 3 years New Delhi, July 23 After going back and forth, the Department of Telecom has finally decided to impose a three-year lock-in period on the equity stake held by promoters of new telecom ... OUTLOOK: Binani Group earmarks Rs 200 cr for mining Domestic ores supply to cut import costs in Kerala unit. Mumbai, July 23 The Braj Binani Group has lined up an investment of Rs 200 crore in mining to ensure quality supply and reduce production-cost at Binani Zinc ... OVERSEAS INVESTMENTS: Bangladesh welcomes Indian cos into SEZs Recently in Dhaka, The Bangladesh Government has invited Indian companies to set up operations in Special Economic Zones (SEZs) being planned by the ... MERGERS & ACQUISITIONS: NFCL picks equity in Kakinada Fert Nagarjuna Fertilizers & Chemicals Ltd (NFCL) has decided to acquire 50,000 equity shares of Rs 10 each amounting to Rs 5 crore in the equity share capital of Kakinada Fertilizers Ltd (KFL), a company involved in micro-irrigation, fertilizers ... NEW BUSINESS: Raytheon bags Rs 385-cr ISRO contract To install ground stations for phase 2 of GPS system. The Indian Space Research Organisation has retained Raytheon to install the ground stations for the main operational phase of GAGAN, which is due to take off this ... NEW PROJECTS: SAIL mulls public offering to fund expansion New Delhi, July 23 Steel Authority of India Ltd is considering a public offer to raise funds for its ... DIVERSIFICATION: L&T Finance plans insurance, asset management foray Mumbai, July 23 L&T Finance Ltd (LTF), the wholly-owned financial services subsidiary of engineering and construction giant L&T, is mulling entry into the general insurance and asset management space by floating ... ALLIANCES & JOINT VENTURES: Honda Motorcycle, Muthoot Capital Services tie up Kochi, July 23 Honda Motorcycle and Scooter India Pvt Ltd has tied up with Muthoot Capital Services Ltd (MCSL), a division of Muthoot Pappachan Group, to offer instant “need-based financial services” for its two-wheeler ... OUTLOOK: Luminous plans manufacturing base in the South Hyderabad, July 23 Luminous Power Technologies is considering setting up a manufacturing base for its inverters and batteries in the South with an investment of about Rs 250 crore. It is in the process of finalising ... PERFORMANCE: Pictorial warnings a further blow to cigarette industry Kolkata, July 23 The imposition of pictorial graphic warnings on cigarettes, which comes on the heels of the smoking ban in public places, and the increase of VAT rates by some States, would further impact the cigarette industry and might ... ACCOUNTING STANDARDS: Portal to help transition to IFRS launched New Delhi, July 23 The Nasdaq-listed Corporate Executive Board (CEB), a business advisory platform, has come up with an online resource — IFRSPortal.in — to help Indian companies make a smooth transition ... PEOPLE: Dadiseth is Sony India chairman Sony Corporation has announced the appointment of Mr Keki B. Dadiseth as the Chairman of the Board, Sony India. Mr Dadiseth, a former Director on the Board of Unilever Plc in London and Chairman of HLL in India, will be delegated to the ... INTERVIEW: ‘Create a bundle of bankable projects’ to attract funds With “green shoots” of recovery raising hopes of the economy stabilising early, the Union Budget was expected to give a momentum to growth. Against the general expectation of the Budget to signal bold decisions on ... ANNOUNCEMENTS: Maytas seeks SEZ de-notification ... STANDARDS & BENCHMARKS: ISO 9000 tag for Palm Beach ... 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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