Economic Times
Marks & Spencer is likely to hold majority stake in Reliance Retail joint venture.
Power Grid Corp has signed agreements with World Bank and Asian Development Bank for two loans of US$600mn each for funding projects.
The Netherlands-based Pearle Europe is entering into a 50:50 JV partnership with Reliance Retail to sell optical products.
Tata Motors’ credit rating has been downgraded following its acquisition of Jaguar and Land Rover by Crisil.
The DoT has approved the Tata Teleservices–Virgin alliance.
Oil marketing companies (IOC, HPCL and BPCL) debt may swell to Rs700bn in the current fiscal.
HUL has shelved plans to sell its 28acre land in Brooke fields,
JetLite will soon start air services between
Business Standard
Tata Power is evaluating opportunities to make another overseas acquisition of a coal mine.
IDBI has deferred its earlier decision to cut benchmark PLR by 50 basis points.
Ispat Industries to increase its steel capacity to 10 mtpa by 2014.
GSPC has sought about one-tenth of the gas produced from Panna/Mukta and Tapti fields (PMT) for sale to customers in
Four Soft and Take Solutions, providers of IT products and solutions in the supply chain management (SCM) space to merge.
Welspun Gujarat secured an order for supply of spiral pipes worth Rs10.8bn in
Hinduja Group in talks with
Bhushan Steel to give free land to land-losers as a part of its rehabilitation and resettlement (R&R) package.
Hindu Business Line
Bharat Oman Refineries' IPO is likely to hit the market in the second quarter of the coming fiscal.
Nagarjuna Fertilizers has completely exited from the inter-state mega power project under construction in Udupi, Karnataka, selling its 26% stake to the Lanco group.
Shareholders of Ispat Industries approved the issue of convertible warrants to the tune of Rs5.1bn to the promoters of the company.
Indian Oil is mulling transportation of crude through pipeline from the upcoming SPM at Paradip in Orissa.
Bata
GSPC defers IPO due to market uncertainties, to come out with the IPO of Rs40-60bn before Diwali.
Electrotherm to raise Rs3bn via QIP route.
KMB-ERA JV, of which Era Infra Engineering Ltd is a partner, has secured a contract from Delhi Metro valued at Rs1.5bn.
Financial Express
The Supreme Court has asked Posco to approach the Orissa government for allotting demarcated mining area for its proposed Rs510bn steel plant.
HDFC Bank to move its BPO activity to the semi-urban area by hiring about 2,000 people in next two months.
DLF will spend US$5bn in the next seven years to build about 125 hotels in the world’s fastest-growing tourist destination.
DNA
Gujarat NRE Coke is planning to invest US$425mn in the next three years to develop its mines.
DLF Assets plans to raise more than US$2bn in a private stock sale to buy office properties.
Diamond Cables has raised Rs1bn as debt to meet its working capital requirement.
Morgan Stanley has increased its stake in
TOI
Havells will invest Rs4bn for increasing its capacities in
Ispat Industries is all set to acquire in a cluster of coal and iron ore mines in
Dena Bank will write-off Rs2bn under the loan waiver packaged announced in the Union budget.
MINT
Reliance Energy has bagged two contracts worth about Rs12bn for execution of transmission system in the Western region.
Tata Power plans to sell stakes in holding companies and assets to help fund its US$6bn capacity expansion plans.
Lok Capital LLC has raised US$22mn from institutional investors to fund micro-finance institutions in
Finance Ministry examining Essar Power’s $2 billion FDI proposal.
BPCL says it can no longer absorb the losses it suffers on account of having to sell petroleum products at a government-mandated price.
No comments:
Post a Comment