Business Daily from THE HINDU group of publications Wednesday, May 20, 2009 ePaper | Mobile/PDA Version | Audio | Blogs |
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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 Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
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