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NEW PROJECTS: Tata Power plans Rs 29,300-cr capex
Mumbai, Aug. 6 Tata Power has a capital expenditure plan of Rs 29,300 crore for the next ...

NEW PROJECTS: Arcelor to source more equipment from India, China
For greenfield projects worldwide. Kolkata, Aug. 6 In a bid to reduce cost, ArcelorMittal, the world’s largest steel producer, is to source more equipment from India and China for its greenfield projects ...

MERGERS & ACQUISITIONS: NMDC plans to expand sponge iron capacity
New Delhi, Aug. 6 The country’s single largest iron ore producer and exporter, NMDC Ltd, hopes to complete the merger of Sponge Iron India Ltd with itself in the next ...

MERGERS & ACQUISITIONS: Schneider buys Meher Capacitors
Bangalore, Aug. 6 Energy management major Schneider Electric on Thursday announced its second Indian acquisition in two months – that of Meher Capacitors from the family-run Meher ...

OUTLOOK: Haier to multiply product offerings
New Delhi, Aug. 6 Even as it grapples with perception regarding quality, Chinese electronics and appliances company Haier Appliances has said it will widen its product basket in the ...

OUTLOOK: L&T sharpens focus on railway sector
Chennai, Aug. 6 L&T has decided to restructure internally to focus better on the growing opportunities from the railways sector, its President (Operations), Mr J.P. Nayak, told a press conference ...

OVERSEAS INVESTMENTS: Tata Steel Europe plans cost-saving schemes
New Delhi, Aug. 6 Tata Steel expects to save more than a billion pounds in FY10 in its European business under cost-saving programmes, but said that this will still be a tough year ...

PERFORMANCE: Deceptive numbers
The stock market, in its present jubilant mood, seems quite happy to brush aside the disconcerting aspects of Corporate India’s June quarter numbers that may well come back to haunt it at a later date. To start with, even the perception ...

OUTLOOK: Jurong group keen to develop life-sciences infrastructure
Bangalore, Aug. 6 Jurong India, a wholly-owned subsidiary of Jurong International Group, Singapore, is bullish on infrastructural development in the field of life-sciences in ...

OUTLOOK: Indo German Carbons to step up production
Activated carbon is also used in medicine to treat patients who have consumed poison. It is a 100 per cent natural product with zero fuel ...

STANDARDS & BENCHMARKS: Hindustan Motors upgrading vehicles for Bharat Stage IV
Mumbai, Aug. 6 Hindustan Motors is working on upgrading its vehicles for Bharat Stage IV ...

OPEN OFFERS: Great Offshore continues to see higher activity
Mumbai, Aug. 6 The shares of Great Offhore were again in the limelight on ...

CORPORATE DISPUTES: Prithvi Info refutes charges
...

OUTLOOK: Radico Khaitan expands IMFL range, ties up with SNJ
Chennai, Aug. 6 Radico Khaitan has entered into a tie-up with the Chennai-based SNJ Distillers Pvt Ltd to bottle a new brand of rum ...

DIVERSIFICATION: Anil Products to diversify into food starch, invest Rs 50 cr
Ahmedabad, Aug. 6 Anil Products Ltd (APL), a manufacturer of starch-based products for textile, pharmaceutical and paper industries, is foraying into the food starch market with an investment of Rs 50 crore.Targeting the farm-to-fork ...

ANNOUNCEMENTS: New GVK Biosciences director
...


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




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Markets (Aug 6)
Nifty (at close)4,585.50(-108.65)
US Dollar (Buy/Sell)47.66/67
Brent crude (a bbl) Rs3,524
Gold (a gram) Rs1,390
Silver (a kg) Rs24,500

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