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CORPORATE
PRIVATE PLACEMENT:
QIPs edge out private equity investors
Mumbai, Oct. 22 Qualified institutional placements seem to have elbowed out private investment in public enterprise (PIPE) deals as Indian promoters find them easier to execute and less risky in terms of ...
CORPORATE DISPUTES:
Judge urged to ignore newspaper report
New Delhi, Oct. 22 Mr Harish Salve, senior counsel for RIL, Mr Ram Jethmalani, senior lawyer representing RNRL, and Mr Mohan Parasaran, Additional Solicitor General, representing the Government requested Mr Justice R V Raveendran to ...
CORPORATE DISPUTES:
MoU not worth the paper written on: Reliance
New Delhi, Oct. 22 Stating that the private MoU between Mr Mukesh Ambani and Mr Anil Ambani was not legally binding on it, Reliance Industries Ltd (RIL) told the Supreme Court - hearing the gas supply dispute involving the Ambani brothers ...
PERFORMANCE:
3 refiners recover Rs 3,400-cr losses from upstream sector
Concern over Rs 6,500 cr losses on cooking gas and kerosene. Mumbai, Oct. 22 With barely a week to go before their second quarter results are scheduled to be declared, IndianOil, Hindustan Petroleum Corporation and Bharat Petroleum Corporation ...
FINANCIAL PERFORMANCE:
Jubilant Organosys’ focus on pharma pays
Q2 profits at Rs 57 cr; company to raise Rs 500 cr. New Delhi, Oct. 22 Jubilant Organosys Ltd, an integrated pharmaceutical industry player and the largest custom research and manufacturing services company in the country, reported profits of Rs ...
TRADE & LABOUR UNIONS:
Operations resume at Rico plant as some workers return
New Delhi, Oct. 22 Work at the Rico plant in Manesar resumed on Thursday with some workers joining ...
OUTLOOK:
Pre-emptive check of delivered Nanos likely
Mumbai, Oct. 22 Tata Motors is considering a pre-emptive check of the Nanos supplied to customers, following three incidents of the car caching ...
OUTLOOK:
Thai hotel management co to enter India next year
Eyes Mumbai, Delhi as its entry points. Mumbai, Oct. 22 Thailand’s hotel management company Amari is planning to enter India next year as part of its mid-term goal of operating 40 properties in Asia-Pacific ...
ALLIANCES & JOINT VENTURES:
Invensys unit signs deal with Tata Power arm for Mundra project
Invensys Operations Management has signed a multi-million dollar deal with Coastal Gujarat Power Ltd, a wholly-owned subsidiary of Tata Power Ltd, to supply integrated solutions to its 4,000 MW plant ...
FINANCIAL PERFORMANCE:
Hind Zinc net down 3%
Mumbai, Oct. 22 Hindustan Zinc, a Vedanta Group company, has reported a three per cent drop in net profit to Rs 935 crore for the quarter ended September 30, against Rs 960 crore registered in the corresponding period ...
FINANCIAL PERFORMANCE:
Healthy order intake improves L&T’s prospects in second quarter
Larsen & Toubro’s strong order inflows for the quarter ended September 2009 provide comfort on its future earnings growth even as revenue expanded by a tepid 7 per cent for the quarter (on continuing businesses) over the ...
FINANCIAL PERFORMANCE:
Asian Paints net at Rs 254 cr
Asian Paints’ net profit grew 108 per cent to Rs 254.32 crore for the quarter ended September 30, against Rs 121.71 crore for the year-ago period. Total income has increased to Rs 1,472.91 crore from Rs 1,186.09 crore, a growth of 24 per ...
CREDIT RATING:
Tata Motors convertible notes
Standard & Poor’s Ratings Services said today that it had assigned its ‘B’ rating to the $375-million five-year 4 per cent convertible notes issued by Tata Motors Ltd on October 15. The proceeds from the issuance are likely ...
Columnists:
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C Gopinath
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Harish Bijoor
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Ramanujam Sridhar
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Radhika Chada
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K Srikrishna
Comments & Letters to the Editor to: bleditor@thehindu.co.in
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