Business Daily from THE HINDU group of publications
Thursday, October 29, 2009
ePaper | Mobile/PDA Version | Audio | Blogs
Business Daily from THE HINDU group of publications Thursday, October 29, 2009 ePaper | Mobile/PDA Version | Audio | Blogs |
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CORPORATE BONDS: HPCL skids on oil bond delay Kerosene, LPG losses top Rs 10,300 cr for all refiners. Mumbai, Oct. 28 The Centre’s dithering on issue of oil bonds has pushed Hindustan Petroleum Corporation into the red in the second quarter of this fiscal with losses totalling Rs ... CORPORATE DISPUTES: RNRL says Oil Ministry colluding with RIL to prevent gas sale at $2.34/unit Charges ‘baseless’, say Reliance counsel, Additional Solicitor General. New Delhi, Oct. 28 The Anil Ambani-promoted Reliance Natural Resources Ltd (RNRL) alleged on Wednesday before the Supreme Court, which is hearing the gas row ... OVERSEAS INVESTMENTS: India Cements near deal for coal mining in Indonesia To invest $20 m in mine; will move to cut fuel, power costs. Chennai, Oct. 28 India Cements Ltd will invest $20 million (Rs 92 crore) in a coal mine in Indonesia. The company expects to sign the deal with the mine owner within a couple ... ALLIANCES & JOINT VENTURES: ‘Wipro-GE Healthcare equity to stay 49:51’ Jt venture to use cash to buy out GE entities: Senapaty. Wipro Ltd does not see any changes to the equity structure in joint venture Wipro-GE Healthcare post integration of all the GE Healthcare units in India with the joint ... FINANCIAL PERFORMANCE: ACC, Ambuja Cement net profits rise on lower input cost Dip in coal prices helps cut production cost. Mumbai, Oct. 28 Holcim Group companies, ACC and Ambuja Cement, have posted a strong performance for the quarter ended September 30. While ACC showed a 60 per cent growth in net profit, Ambuja ... AUDITING: Under-reporting of revenue? Stanza 587 of the Tirukkural, translated into English would read: “A spy must search each hidden matter out, and full report must render, free from doubt.” The special auditor who has reported under-reporting ... OVERSEAS INVESTMENTS: India exploring options to lease coal mines in Australia: Shinde New Delhi, Oct. 28 India is exploring the option of leasing coal mines in Australia to tide over domestic coal shortages, the Power Minister, Mr Sushilkumar Shinde, said on ... OUTLOOK: Mahindra launches half-tonne pickup Mumbai, Oct. 28 Mahindra & Mahindra has launched India’s first 0.5-tonne pickup, thereby creating a new segment in the goods carrier ... FINANCIAL PERFORMANCE: Vivimed Labs net up at Rs 8 cr Hyderabad, Oct. 28 Vivimed Labs Ltd’s consolidated net profit increased 6 per cent at Rs 8.05 crore in the second quarter ended September 30, compared with Rs 7.59 crore in the corresponding quarter of the previous financial year. The total income of ... MERGERS & ACQUISITIONS: Limagrain buys 51% stake in Avesthagen seed co To pay €10 m for seed licensing. Bangalore, Oct.28 Avesthagen Ltd has licensed its field crop technologies to Groupe Limagrain for €10 million (nearly Rs 70 crore) to be paid over two tranches, according to Avesthagen’s top ... ANNOUNCEMENTS: Premier returns with compact SUV Rio Company in alliance with China’s Zotye. Mumbai, Oct. 28 Premier Ltd (formerly Premier Automobiles) has made a comeback into the passenger car segment with the launch of a compact sport-utility vehicle called Rio in collaboration with ... FINANCIAL PERFORMANCE: Lakshmi Machine back to operating 2 shifts Net profit for Q2 down 14.5%. Coimbatore, Oct. 28 Textile machinery manufacturing major Lakshmi Machine Works (LMW) is back to operating ... SICK UNITS: 15 properties of SPIC put on auction Chennai, Oct. 28 Fifteen properties belonging to Southern Petrochemical Industries Corporation (SPIC) have been put on auction, in order to raise funds to pay off Asset Reconstruction Company of India ... RESTRUCTURING: Divisive demergers The seeds of the Ambani brothers’ spat over the selling price of gas from Krishna Godavari Basin — discovered and harnessed by Reliance Industries Ltd (RIL) which is controlled by the elder brother Mukesh — to Reliance ... FINANCIAL PERFORMANCE: GAIL net dips 30% on lower price realisations from petrochem, liquid hydrocarbons Rs 500-cr bond issue with greenshoe option on cards. New Delhi, Oct. 28 GAIL (India) Ltd has reported a 30 per cent drop in net profit for the second quarter of the current fiscal due to lower price realisations in petrochemicals and liquid ...
FINANCIAL PERFORMANCE:
Puravankara Projects net up at Rs 60 cr
FINANCIAL PERFORMANCE:
Tata Tea net rises 32% on higher sales, exceptional gain
FINANCIAL PERFORMANCE:
Amara Raja Q2 net profit zooms to Rs 48 cr
FINANCIAL PERFORMANCE:
MIC Electronics Q3 net down 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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