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Wednesday, May 20, 2009
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RESTRUCTURING: DLF, Unitech aim to lower debt burden
New Delhi, May 19 Real estate major DLF aims to nearly halve its current debt position of Rs 14,000-15,000 crore by the end of the financial year, and its rival Unitech wants to lower borrowings to Rs 6,000-6,500 crore from the existing Rs ...

ALLIANCES & JOINT VENTURES: L&T, GE Hitachi tie up to build nuclear reactors
Mumbai, May 19 Larsen & Toubro and US-based GE Hitachi Nuclear Energy (GEH) have signed a memorandum of understanding for cooperation in BWR (boiling water reactor) and ABWR (advanced boiling water reactor) nuclear ...

COURTS/LEGAL ISSUES: Despite HC nod, TVS not in a hurry to launch twin-spark Flame
Chennai, May 19 Despite the Madras High Court giving the go ahead to TVS Motor Company for manufacturing and marketing the 125-cc Flame, whose use of the “twin spark plug” technology resulted in a court battle with Bajaj, the ...

OUTLOOK: Dr Reddy’s to tap rural, north Indian markets for growth
Plans to increase products in therapeutic segment. Hyderabad, May 19 Pharma major Dr Reddy’s Laboratories Ltd has readied an action plan to increase its revenue growth in the domestic market, which had dipped below the industry average ...

DIVIDEND ANNOUNCEMENT: Sobha Developers’ full year net down 52%
To pay 10% dividend; co to raise Rs 325-400 cr thru QIP. Bangalore, May 19 With a slowdown that has practically brought the real estate market to a standstill, Sobha Developers recorded a 32 per cent dip in revenues for the financial year ...

OUTLOOK: Maruti hopes to exceed SIAM’s industry growth projections
Kolkata, May 19 This year Maruti Suzuki India Ltd, according to its Director (Marketing and Sales), Mr Shuji Oishi, will clock a higher growth than projected for the industry by the Society of Indian Automobile ...

ALLIANCES & JOINT VENTURES: Jayshree Chem ties up with Udhe India for new technology
Jayshree Chemicals Ltd, a B. K. Birla group company, has tied up with Udhe India, a wholly-owned subsidiary ofUhde Gmbh of Germany, part of Thyssenkrupp Group, for acquisition of technology for manufacturing caustic soda at its plant at Ganjam ...

NEW BUSINESS: L&T Oman gets Rs 518-cr orders
Mumbai, May 19 Larsen & Toubro (Oman) LLC, Muscat, has bagged three orders totalling Rs 518.20 crore. The company is a subsidiary of L&T ...

HUMAN RESOURCES: ‘Economic downturn opens up opportunities’
Kochi, May 19 The economic downturn has opened up new opportunities for companies in India to attract and retain the crucial talent that they need, Ms Preeta Misra, Financial Education Solutions of Dun & Bradstreet, has ...

TRADE & LABOUR UNIONS: Work resumes at Nestle factory
FMCG major Nestle has informed the Bombay Stock Exchange that work has resumed at its Pantnagar factory in Uttarakhand. The company had on May 8 informed the BSE of a strike at its factory. Nestle India on Tuesday said that the strike has ended ...

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




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Markets (May 19)
Nifty (at 03.30 pm)4,318.15(-05.25)
US Dollar (Buy/Sell)47.78/80
Brent crude (a bbl) Rs2,476
Gold (a gram) Rs1,364
Silver (a kg) Rs22,250

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In Focus
Nano - The People's Car

Mandate 2009

Who is hiring?

More

Other Top Stories
Employment numbers rise in Jan-March

Politicians, beware!

Wanted smart government, policies

Dr Reddy’s to tap rural, north Indian markets for growth

L&T Oman gets Rs 518-cr orders

NHAI signs agreements for 4 projects worth Rs 5,069 cr

Looking back
May. 10-May. 16
Tata Steel sees flat growth in supplies to auto sector this year

Cadila expects Rs 100 cr revenue from Polycap

Power business to drive Lanco’s long-term growth

BHEL to re-enter wind energy biz

Holcim sees tough year ahead

Tatas upbeat on Corus, to prepay part of debt


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